COMPANY REGISTRATION NUMBER:
13844014
Yarmouth Heliport Limited |
|
Filleted Unaudited Abridged Financial Statements |
|
Yarmouth Heliport Limited |
|
Abridged Statement of Financial Position |
|
31 January 2023
Fixed assets
Current assets
Debtors |
109 |
|
Cash at bank and in hand |
53 |
|
|
---- |
|
|
162 |
|
|
|
|
Creditors: amounts falling due within one year |
37,949 |
|
|
-------- |
|
Net current liabilities |
|
37,787 |
|
|
-------- |
Total assets less current liabilities |
|
(
20,546) |
|
|
-------- |
Net liabilities |
|
(
20,546) |
|
|
-------- |
|
|
|
Capital and reserves
Called up share capital |
|
100 |
Profit and loss account |
|
(
20,646) |
|
|
-------- |
Shareholders deficit |
|
(
20,546) |
|
|
-------- |
|
|
|
These abridged financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
For the period ending 31 January 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its abridged financial statements for the period in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 31 January 2023 in accordance with Section 444(2A) of the Companies Act 2006.
Yarmouth Heliport Limited |
|
Abridged Statement of Financial Position (continued) |
|
31 January 2023
These abridged financial statements were approved by the
board of directors
and authorised for issue on
3 October 2023
, and are signed on behalf of the board by:
Company registration number:
13844014
Yarmouth Heliport Limited |
|
Notes to the Abridged Financial Statements |
|
Period from 12 January 2022 to 31 January 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is North Denes Airfield, Great Yarmouth, NR30 5TF.
2.
Statement of compliance
These abridged financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The abridged financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Plant & machinery |
- |
25% reducing balance |
|
Equipment |
- |
25% reducing balance |
|
|
|
|
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Tangible assets
|
£ |
Cost |
|
At 12 January 2022 |
– |
Additions |
19,499 |
|
-------- |
At 31 January 2023 |
19,499 |
|
-------- |
Depreciation |
|
At 12 January 2022 |
– |
Charge for the period |
2,258 |
|
-------- |
At 31 January 2023 |
2,258 |
|
-------- |
Carrying amount |
|
At 31 January 2023 |
17,241 |
|
-------- |
|
|