Company Registration No. 08931677 (England and Wales)
EXECULETS (NOTTINGHAM) LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
PAGES FOR FILING WITH REGISTRAR
EXECULETS (NOTTINGHAM) LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
EXECULETS (NOTTINGHAM) LIMITED (REGISTERED NUMBER: 08931677)
BALANCE SHEET
AS AT
31 AUGUST 2023
31 August 2023
- 1 -
31 August 2023
31 December 2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
215,455
215,455
Investments
4
100
100
215,555
215,555
Current assets
Debtors
6
254,140
247,500
Cash at bank and in hand
38,403
11,731
292,543
259,231
Creditors: amounts falling due within one year
7
(121,628)
(122,479)
Net current assets
170,915
136,752
Total assets less current liabilities
386,470
352,307
Creditors: amounts falling due after more than one year
8
(126,922)
(131,362)
Net assets
259,548
220,945
Capital and reserves
Called up share capital
10
100
100
Profit and loss reserves
259,448
220,845
Total equity
259,548
220,945

The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 August 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

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.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

EXECULETS (NOTTINGHAM) LIMITED (REGISTERED NUMBER: 08931677)
BALANCE SHEET (CONTINUED)
AS AT
31 AUGUST 2023
31 August 2023
- 2 -
The financial statements were approved and signed by the director and authorised for issue on 31 October 2023
Ms B Bramwell
Director
EXECULETS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 AUGUST 2023
- 3 -
1
Accounting policies
Company information

Execulets (Nottingham) Limited is a private company limited by shares incorporated in England and Wales. The registered office is 19-21 Swan Street, West Malling, Kent, ME19 6JU.

1.1
Reporting period

The accounting period runs from 01 January 2023 to 31 August 2023.

1.2
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.

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 financial instruments at fair value]. The principal accounting policies adopted are set out below.

1.3
Turnover

Turnover represents rental income received during the period.

1.4
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Land and buildings Freehold
Not provided

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.5
Fixed asset investments

Interests in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.

A subsidiary is an entity controlled by the company. Control is the power to govern the financial and operating policies of the entity so as to obtain benefits from its activities.

EXECULETS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2023
1
Accounting policies
(Continued)
- 4 -

An associate is an entity, being neither a subsidiary nor a joint venture, in which the company holds a long-term interest and where the company has significant influence. The company considers that it has significant influence where it has the power to participate in the financial and operating decisions of the associate.

Entities in which the company has a long term interest and shares control under a contractual arrangement are classified as jointly controlled entities.

1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Employees

The average monthly number of persons (including directors) employed by the company during the period was:

2023
2022
Number
Number
Total
1
1
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2023 and 31 August 2023
215,455
Depreciation and impairment
At 1 January 2023 and 31 August 2023
-
0
Carrying amount
At 31 August 2023
215,455
At 31 December 2022
215,455
EXECULETS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2023
- 5 -
4
Fixed asset investments
2023
2022
£
£
Investments
100
100
Movements in fixed asset investments
Shares in group undertakings
£
Cost or valuation
At 1 January 2023 & 31 August 2023
100
Carrying amount
At 31 August 2023
100
At 31 December 2022
100
5
Subsidiaries

Details of the company's subsidiaries at 31 August 2023 are as follows:

Name of undertaking
Registered office
Class of
% Held
shares held
Direct
Execulets Limited
England
Ordinary
100.00
6
Debtors
2023
2022
Amounts falling due within one year:
£
£
Other debtors
254,140
247,500
7
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
8,011
8,912
Taxation and social security
14,409
6,023
Other creditors
99,208
107,544
121,628
122,479
EXECULETS (NOTTINGHAM) LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 AUGUST 2023
- 6 -
8
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
126,922
131,362
9
Secured debts

The bank loan is secured by way of a fixed charge against the fixed assets of the company and by way of a floating charge over all other assets held by the company.

10
Called up share capital
2023
2022
2023
2022
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of £1 each
51
51
51
51
Ordinary B of £1 each
49
49
49
49
100
100
100
100
11
Related party transactions

Included within other creditors is a balance of £47,317 (2022: £76,489) owed to a connected company.

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