1 false false false false false false false false false true false false false false false false No description of principal activity 2022-07-01 Sage Accounts Production Advanced 2021 - FRS102_2021 2,654 2,536 5,190 860 866 1,726 3,464 1,794 xbrli:pure xbrli:shares iso4217:GBP 12665657 2022-07-01 2023-06-30 12665657 2023-06-30 12665657 2022-06-30 12665657 2021-07-01 2022-06-30 12665657 2022-06-30 12665657 core:FurnitureFittings 2022-07-01 2023-06-30 12665657 bus:Director1 2022-07-01 2023-06-30 12665657 core:FurnitureFittings 2022-06-30 12665657 core:FurnitureFittings 2023-06-30 12665657 core:WithinOneYear 2023-06-30 12665657 core:WithinOneYear 2022-06-30 12665657 core:ShareCapital 2023-06-30 12665657 core:ShareCapital 2022-06-30 12665657 core:RetainedEarningsAccumulatedLosses 2023-06-30 12665657 core:RetainedEarningsAccumulatedLosses 2022-06-30 12665657 core:FurnitureFittings 2022-06-30 12665657 bus:Director1 2022-06-30 12665657 bus:Director1 2023-06-30 12665657 bus:Director1 2021-06-30 12665657 bus:Director1 2022-06-30 12665657 bus:Director1 2021-07-01 2022-06-30 12665657 bus:SmallEntities 2022-07-01 2023-06-30 12665657 bus:AuditExemptWithAccountantsReport 2022-07-01 2023-06-30 12665657 bus:FullAccounts 2022-07-01 2023-06-30 12665657 bus:SmallCompaniesRegimeForAccounts 2022-07-01 2023-06-30 12665657 bus:PrivateLimitedCompanyLtd 2022-07-01 2023-06-30
COMPANY REGISTRATION NUMBER: 12665657
Ealing Partners Limited
Filleted Unaudited Financial Statements
30 June 2023
Ealing Partners Limited
Statement of Financial Position
30 June 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
5
3,464
1,794
Current assets
Debtors
6
11,824
Cash at bank and in hand
98,149
13,915
------------
------------
98,149
25,739
Creditors: amounts falling due within one year
7
( 24,130)
( 5,384)
------------
------------
Net current assets
74,019
20,355
------------
------------
Total assets less current liabilities
77,483
22,149
------------
------------
Net assets
77,483
22,149
------------
------------
Ealing Partners Limited
Statement of Financial Position (continued)
30 June 2023
2023
2022
Note
£
£
Capital and reserves
Called up share capital
1
1
Profit and loss account
77,482
22,148
------------
------------
Shareholders funds
77,483
22,149
------------
------------
These 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 statement of income and retained earnings has not been delivered.
For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 6 September 2023 , and are signed on behalf of the board by:
Mr S Dunn
Director
Company registration number: 12665657
Ealing Partners Limited
Notes to the Financial Statements
Year ended 30 June 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 20-22 Wenlock Road, London, N1 7GU.
2. Statement of compliance
These 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 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 financial statements are prepared in sterling, which is the functional currency of the entity.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102 .
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances .
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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:
Fixtures and fittings
-
20% 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Tangible assets
Fixtures and fittings
Total
£
£
Cost
At 1 July 2022
2,654
2,654
Additions
2,536
2,536
------------
------------
At 30 June 2023
5,190
5,190
------------
------------
Depreciation
At 1 July 2022
860
860
Charge for the year
866
866
------------
------------
At 30 June 2023
1,726
1,726
------------
------------
Carrying amount
At 30 June 2023
3,464
3,464
------------
------------
At 30 June 2022
1,794
1,794
------------
------------
6. Debtors
2023
2022
£
£
Trade debtors
11,520
Other debtors
304
------------
------------
11,824
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Corporation tax
18,249
2,478
Social security and other taxes
4,191
1,581
Other creditors
1,690
1,325
------------
------------
24,130
5,384
------------
------------
8. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr S Dunn
( 304)
( 312)
( 616)
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr S Dunn
( 19)
( 285)
( 304)
------------
------------
------------