Contents of the Financial Statements
for the Period Ended 31 December 2022
Balance sheet
As at 31 December 2022
| Notes | 6 months to 31 December 2022 |
| | £ |
Current assets |
Debtors: | | 100 |
Total current assets: | | 100 |
Net current assets (liabilities): | | 100 |
Total assets less current liabilities: | | 100 |
Total net assets (liabilities): | | 100 |
Capital and reserves |
Called up share capital: | | 100 |
Shareholders funds: | | 100 |
The notes form part of these financial statements
Balance sheet statements
For the year ending 31 December 2022 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 23 May 2023
and signed on behalf of the board by:
Name: Simon Coffey
Status: Director
The notes form part of these financial statements
Notes to the Financial Statements
for the Period Ended 31 December 2022
1. Accounting policies
These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102Other accounting policies
Basis of preparationThe financial statements have been prepared on the going concern basis and in accordance with the historical cost convention. Historical cost is generally based on the fair value of the consideration given in exchange for assets. Trade and other debtorsTrade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the debtors are stated at cost less impairment losses for bad and doubtful debts. Related partiesFor the purposes of these financial statements a party is considered to be related to the company if:(i) the party has the ability, directly or indirectly, through one or more intermediaries to control the company or exercise significant influence over the company in making financial and operating policy decisions or has joint control over the company;(ii) the company and the party are subject to common control;(iii) the party is an associate of the company or forms part of a joint venture with the company;(iv) the party is a member of the key management personnel of the company or the company's parent, or a close family member of such as an individual, or is an entity under the control, joint control or significant influence of such individuals;(v) the party is a close family member of a party referred to above or is an entity under the control or significant influence of such individuals; or(vi) the party is a post-employment benefit plan which is for the benefit of employees of the company or of any entity that is a related party of the company. Close family members of an individual are those family members who may be expected to influence, or be influenced by, that individual in their dealings with the company. Taxation and deferred taxationCurrent tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial period and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the Balance Sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements. Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Balance Sheet date. Ordinary share capitalThe ordinary share capital of the company is presented as equity.
Notes to the Financial Statements
for the Period Ended 31 December 2022
2. Employees
| 6 months to 31 December 2022 |
Average number of employees during the period | 0 |
Notes to the Financial Statements
for the Period Ended 31 December 2022
3. Financial commitments
The company had no material capital commitments at the financial period-ended 31 December 2022.
Notes to the Financial Statements
for the Period Ended 31 December 2022
4. Post balance sheet events
There have been no significant events affecting the company since the financial period-end.