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COMPANY REGISTRATION NUMBER: 11709874
ARMAILLIS LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 March 2023
ARMAILLIS LIMITED
FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2022 TO 31 MARCH 2023
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 4
ARMAILLIS LIMITED
BALANCE SHEET
31 March 2023
31 Mar 23
31 Dec 21
Note
£
£
Fixed assets
Investments
5
689,327
642,713
Current assets
Cash at bank and in hand
32,412
30,065
Creditors: amounts falling due within one year
6
( 656,448)
( 655,295)
------------
------------
Net current liabilities
( 624,036)
( 625,230)
------------
------------
Total assets less current liabilities
65,291
17,483
------------
------------
Net assets
65,291
17,483
------------
------------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
65,191
17,383
------------
------------
Shareholders funds
65,291
17,483
------------
------------
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 profit and loss account has not been delivered.
For the period ending 31 March 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 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 28 April 2023 , and are signed on behalf of the board by:
N W Jackson
Director
Company registration number: 11709874
ARMAILLIS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
PERIOD FROM 1 JANUARY 2022 TO 31 MARCH 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 Hill Top Barn, Buskey Dyke Lane, Fewston, Harrogate, HG3 1SS.
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.
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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 2 (2021: 2 ).
5. Investments
Shares in participating interests
Investment property
Total
£
£
£
Cost
At 1 January 2022
300,100
342,613
642,713
Additions
346,714
346,714
Disposals
( 300,100)
( 300,100)
------------
------------
------------
At 31 March 2023
346,714
342,613
689,327
------------
------------
------------
Impairment
At 1 January 2022 and 31 March 2023
------------
------------
------------
Carrying amount
At 31 March 2023
346,714
342,613
689,327
------------
------------
------------
At 31 December 2021
300,100
342,613
642,713
------------
------------
------------
6. Creditors: amounts falling due within one year
31 Mar 23
31 Dec 21
£
£
Accruals and deferred income
600
600
Corporation tax
215
1,115
Directors' loan account
655,633
653,580
------------
------------
656,448
655,295
------------
------------
7. Called up share capital
Issued, called up and fully paid
31 Mar 23
31 Dec 21
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
Shares issued and fully paid
31 Mar 23
31 Dec 21
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
Shares issued and partly paid
31 Mar 23
31 Dec 21
No.
£
No.
£
The issued share capital comprises of 50 ordinary A £1 shares and 50 ordinary B £1 shares. The different classes of share generally rank pari passu.
8. Related party transactions
There is no one controlling party of the company. The directors' loans at note 7 above are unsecured and repayable on demnad. Interest charged for the period was £2,000 (2021: £nil).