Company No:
Contents
Note | 2023 | 2022 | ||
£ | £ | |||
Fixed assets | ||||
Investment property | 3 |
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935,000 | 935,000 | |||
Current assets | ||||
Debtors | 4 |
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Cash at bank and in hand |
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9,293 | 8,528 | |||
Creditors: amounts falling due within one year | 5 | (
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Net current liabilities | (414,811) | (398,527) | ||
Total assets less current liabilities | 520,189 | 536,473 | ||
Creditors: amounts falling due after more than one year | 6 | (
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Provision for liabilities | (
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Net assets |
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Capital and reserves | ||||
Called-up share capital |
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Profit and loss account | 7 |
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Total shareholder's funds |
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Directors' responsibilities:
The financial statements of 5659 Limited (registered number:
E Maple
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
5659 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Unit 8 Fleets Ind. Est., Willis Way, Poole, BH15 3SU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.
Assets, other than those measured at fair value, are assessed for indicators of impairment at each Balance Sheet date. If there is objective evidence of impairment, an impairment loss is recognised in the Profit and Loss Account as described below.
2023 | 2022 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Investment property | |
£ | |
Valuation | |
As at 01 April 2022 |
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As at 31 March 2023 |
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2023 | 2022 | ||
£ | £ | ||
Other debtors |
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2023 | 2022 | ||
£ | £ | ||
Bank loans |
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Amounts owed to Group undertakings |
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Corporation tax |
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Other taxation and social security |
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Other creditors |
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2023 | 2022 | ||
£ | £ | ||
Bank loans |
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Distributable Reserves
2023 | |
£ | |
Balance brought forward at 1 April 2022 | 93,875 |
Profit for the year | 54,850 |
148,725 |
Non-Distributable Reserves
2023 | |
£ | |
Revaluation reserve brought forward at 1 April 2022 | 168,008 |
Deferred tax provision | (31,920) |
136,088 |
Total
2023 | |
£ | |
Balance brought forward at 1 April 2022 | 233,323 |
Profit for the year | 54,849 |
Movement in deferred tax | (3,359) |
284,813 |