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COMPANY REGISTRATION NUMBER: 13141964
ASSETSTONE LTD
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED
31 January 2023
ASSETSTONE LTD
STATEMENT OF FINANCIAL POSITION
31 January 2023
2023
2022
Note
£
£
£
CURRENT ASSETS
Debtors
4
513,566
1,164
Investments
5
5
Cash at bank and in hand
10,382
38,028
---------
--------
523,953
39,192
CREDITORS: amounts falling due within one year
6
( 68,914)
( 28,487)
---------
--------
NET CURRENT ASSETS
455,039
10,705
---------
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
455,039
10,705
CREDITORS: amounts falling due after more than one year
7
( 441,848)
---------
--------
NET ASSETS
13,191
10,705
---------
--------
CAPITAL AND RESERVES
Called up share capital
100
100
Profit and loss account
13,091
10,605
--------
--------
SHAREHOLDERS FUNDS
13,191
10,705
--------
--------
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 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 financial statements for the year 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 .
ASSETSTONE LTD
STATEMENT OF FINANCIAL POSITION (continued)
31 January 2023
These financial statements were approved by the board of directors and authorised for issue on 24 October 2023 , and are signed on behalf of the board by:
R Symonds
Director
Company registration number: 13141964
ASSETSTONE LTD
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 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 48 Dover Street, London, W1S 4FF.
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 comprises revenue recognised by the company in respect of goods and services supplied during the year, exclusive of Value Added Tax.
Income tax
Deferred Taxation is provided using the liability method on all timing differences that have originated but not reversed at the balance sheet date.
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. DEBTORS
2023
2022
£
£
Trade debtors
150,000
Other debtors
363,566
1,164
---------
-------
513,566
1,164
---------
-------
5. INVESTMENTS
2023
2022
£
£
Other investments
5
----
----
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
39,927
26,000
Corporation tax
3,846
2,487
Other creditors
25,141
--------
--------
68,914
28,487
--------
--------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Other creditors
441,848
---------
----