COMPANY REGISTRATION NUMBER:
13754779
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 November 2022
Fixed assets
Tangible assets |
4 |
267,963 |
|
|
|
Current assets
Cash at bank and in hand |
5,880 |
|
|
Creditors: amounts falling due within one year |
5 |
82,250 |
|
-------- |
Net current liabilities |
76,370 |
|
--------- |
Total assets less current liabilities |
191,593 |
|
|
|
Creditors: amounts falling due after more than one year |
6 |
193,465 |
|
--------- |
Net liabilities |
(
1,872) |
|
--------- |
|
|
|
Capital and reserves
Called up share capital |
100 |
Profit and loss account |
(
1,972) |
|
------- |
Shareholders deficit |
(
1,872) |
|
------- |
|
|
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 comprehensive income has not been delivered.
For the period ending 30 November 2022 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
.
Statement of Financial Position (continued) |
|
30 November 2022
These financial statements were approved by the
board of directors
and authorised for issue on
26 October 2023
, and are signed on behalf of the board by:
Company registration number:
13754779
Notes to the Financial Statements |
|
Period from 19 November 2021 to 30 November 2022
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4 Barlow Road, Leicester, LE5 1WL.
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.
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.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are 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.
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. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
4.
Tangible assets
|
Investment property |
|
£ |
Cost |
|
At 19 November 2021 |
– |
Additions |
|
|
--------- |
At 30 November 2022 |
|
|
--------- |
Depreciation |
|
At 19 November 2021 and 30 November 2022 |
– |
|
--------- |
Carrying amount |
|
At 30 November 2022 |
|
|
--------- |
|
|
The directors consider that the investment property is disclosed at it's fair value,
5.
Creditors:
amounts falling due within one year
|
30 Nov 22 |
|
£ |
Other creditors |
82,250 |
|
-------- |
|
|
6.
Creditors:
amounts falling due after more than one year
|
30 Nov 22 |
|
£ |
Bank loans and overdrafts |
193,465 |
|
--------- |
|
|