8723 LIMITED

Company Registration Number:
04284322 (England and Wales)

Unaudited abridged accounts for the year ended 31 December 2021

Period of accounts

Start date: 01 January 2021

End date: 31 December 2021

8723 LIMITED

Contents of the Financial Statements

for the Period Ended 31 December 2021

Balance sheet
Notes

8723 LIMITED

Balance sheet

As at 31 December 2021


Notes

2021

2020


£

£
Fixed assets
Tangible assets: 3 7,810 10,699
Total fixed assets: 7,810 10,699
Current assets
Debtors: 4 155,914 136,835
Cash at bank and in hand: 1,599 11,523
Total current assets: 157,513 148,358
Creditors: amounts falling due within one year: 5 (301,706) (292,465)
Net current assets (liabilities): (144,193) (144,107)
Total assets less current liabilities: (136,383) (133,408)
Total net assets (liabilities): (136,383) (133,408)
Capital and reserves
Called up share capital: 100 100
Profit and loss account: (136,483) (133,508)
Shareholders funds: (136,383) (133,408)

The notes form part of these financial statements

8723 LIMITED

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A).

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The directors have chosen to not file a copy of the company’s profit & loss account.

This report was approved by the board of directors on 13 September 2022
and signed on behalf of the board by:

Name: Nick Jacobs
Status: Director

The notes form part of these financial statements

8723 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

1. Accounting policies

These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

Turnover policy

Revenue is recognised to the extent that it is probable that the economic benefits will flow to theCompany and the revenue can be reliably measured. Revenue is measured as the fair value of theconsideration received or receivable, excluding discounts, rebates, value added tax and other salestaxes. The following criteria must also be met before revenue is recognised:Rendering of servicesRevenue from a contract to provide services is recognised in the period in which the services areprovided in accordance with the stage of completion of the contract when all of the followingconditions are satisfied:- the amount of revenue can be measured reliably;- it is probable that the Company will receive the consideration due under the contract;- the stage of completion of the contract at the end of the reporting period can be measuredreliably; and- the costs incurred and the costs to complete the contract can be measured reliably.

Tangible fixed assets and depreciation policy

Tangible fixed assets under the cost model are stated at historical cost less accumulateddepreciation and any accumulated impairment losses. Historical cost includes expenditure that isdirectly attributable to bringing the asset to the location and condition necessary for it to be capable ofoperating in the manner intended by management.Depreciation is charged so as to allocate the cost of assets less their residual value over theirestimated useful lives, on a reducing balance basis.Depreciation is provided on the following basis:Plant and machinery - 25%Motor vehicles - 25%Fixtures and fittings - 33%Equipment - 25%Computer equipment - 25%The assets' residual values, useful lives and depreciation methods are reviewed, and adjustedprospectively if appropriate, or if there is an indication of a significant change since the last reportingdate.Gains and losses on disposals are determined by comparing the proceeds with the carrying amountand are recognised in profit or loss.

8723 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

2. Employees

2021 2020
Average number of employees during the period 0 0

8723 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

3. Tangible Assets

Total
Cost £
At 01 January 2021 255,455
At 31 December 2021 255,455
Depreciation
At 01 January 2021 244,756
Charge for year 2,889
At 31 December 2021 247,645
Net book value
At 31 December 2021 7,810
At 31 December 2020 10,699

8723 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

4. Debtors

2021 2020
££
Debtors due after more than one year: 0 0

8723 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

5. Creditors: amounts falling due within one year note

Trade creditors 9,786 Other taxation and social security 4,865 Other creditors 247,714 Accruals and deferred income 39,341

8723 LIMITED

Notes to the Financial Statements

for the Period Ended 31 December 2021

6. Related party transactions

Name of the related party: Rowan Jacobs Ltd
Relationship:
Share common ownership with the shareholder
Description of the Transaction: The company loaned money to the related party
£
Balance at 01 January 2021 121
Balance at 31 December 2021 0
Name of the related party: Rowan Management Company Services Ltd
Relationship:
Share common ownership with the shareholder
Description of the Transaction: The company loaned money to the related party
£
Balance at 01 January 2021 121,405
Balance at 31 December 2021 134,941
Name of the related party: Rowan Bruton Street Ltd
Relationship:
Share common ownership with the shareholder
Description of the Transaction: The company loaned money to the related party.
£
Balance at 01 January 2021 4,923
Balance at 31 December 2021 5,943
Name of the related party: Rowan Strategic Asset Management Limited
Relationship:
Share common ownership with the shareholder
Description of the Transaction: The related party loaned money to the company
£
Balance at 01 January 2021 109,566
Balance at 31 December 2021 151,634
Name of the related party: Nicholas Jacobs
Relationship:
Director
Description of the Transaction: The director loaned money to the company
£
Balance at 01 January 2021 95,179
Balance at 31 December 2021 95,179