COMPANY REGISTRATION NUMBER:
13815179
Filleted unaudited financial statements |
|
Statement of financial position |
|
31 March 2023
Current assets
Creditors: amounts falling due within one year |
6 |
(
147,500) |
|
|
--------- |
|
Net current assets |
|
618,100 |
|
|
--------- |
Total assets less current liabilities |
|
618,100 |
|
|
--------- |
Net assets |
|
618,100 |
|
|
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
7 |
|
100 |
Profit and loss account |
|
618,000 |
|
|
--------- |
Shareholders funds |
|
618,100 |
|
|
--------- |
|
|
|
|
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 income statement 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
3 November 2023
, and are signed on behalf of the board by:
Company registration number:
13815179
Notes to the financial statements |
|
period from 23 December 2021 to 31 March 2023
1.
General information
The principal activity of the company is the provision of management consultancy services
. The company is a private company limited by shares, registered in England and Wales (no. 13815179
). The address of the registered office is Gresham House, 5-7 St Pauls Street, Leeds, LS1 2JG.
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.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies
.
Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax. When the outcome of a transaction involving the rendering of services can be reliably estimated, revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period.
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.
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. Debt instruments are subsequently measured at amortised cost.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
2
.
5.
Debtors
Other debtors |
765,600 |
|
--------- |
|
|
6.
Creditors:
amounts falling due within one year
Corporation tax |
145,000 |
Other creditors |
2,500 |
|
--------- |
|
147,500 |
|
--------- |
|
|
7.
Called up share capital
Issued, called up and fully paid
Ordinary shares of £ 0.10 each |
100 |
10 |
|
---- |
---- |
|
|
|
8.
Related party transactions
During the period the company accrued income of £765,500 in respect of management consultancy services provided to a LLP whose designated member is a director of
Miles Management Limited
.