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COMPANY REGISTRATION NUMBER: 11962961
NO 1 DEVELOPMENTS (LONDON) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 April 2022
NO 1 DEVELOPMENTS (LONDON) LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 2022
Contents
Page
Officers and professional advisers
1
Statement of financial position
2
Notes to the financial statements
4
NO 1 DEVELOPMENTS (LONDON) LIMITED
OFFICERS AND PROFESSIONAL ADVISERS
The board of directors
Mr M Racher
Mrs S Racher
Registered office
Lyton House
7-12 Tavistock Square
London
United Kingdom
WC1H9BQ
Accountants
BSG Valentine (UK) LLP
Chartered Accountants
Lynton House
7 - 12 Tavistock Square
London
WC1H 9BQ
NO 1 DEVELOPMENTS (LONDON) LIMITED
STATEMENT OF FINANCIAL POSITION
30 April 2022
2022
2021
Note
£
£
£
£
FIXED ASSETS
Investments
4
100
CURRENT ASSETS
Debtors
5
51,262
50,000
Cash at bank and in hand
3
--------
--------
51,265
50,000
CREDITORS: amounts falling due within one year
6
( 51,200)
--------
--------
NET CURRENT ASSETS
65
50,000
----
--------
TOTAL ASSETS LESS CURRENT LIABILITIES
165
50,000
----
--------
NET ASSETS
165
50,000
----
--------
CAPITAL AND RESERVES
Called up share capital
50,000
50,000
Profit and loss account
( 49,835)
--------
--------
SHAREHOLDERS FUNDS
165
50,000
--------
--------
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 year ending 30 April 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 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 .
NO 1 DEVELOPMENTS (LONDON) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 April 2022
These financial statements were approved by the board of directors and authorised for issue on 28 November 2023 , and are signed on behalf of the board by:
Mr M Racher
Director
Company registration number: 11962961
NO 1 DEVELOPMENTS (LONDON) LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 30 APRIL 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 Lyton House, 7-12 Tavistock Square, London, WC1H9BQ, United Kingdom.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4. Investments
Shares in group undertakings
£
Cost
At 1 May 2021
Additions
100
----
At 30 April 2022
100
----
Impairment
At 1 May 2021 and 30 April 2022
----
Carrying amount
At 30 April 2022
100
----
At 30 April 2021
----
5. Debtors
2022
2021
£
£
Amounts owed by group undertakings
1,262
Other debtors
50,000
50,000
--------
--------
51,262
50,000
--------
--------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Other creditors
51,200
--------
----
7. Related party transactions
The company has taken advantage of the exemption allowed under the Financial Reporting Standard 102 not to disclose related party transactions between wholly owned members of the same group of companies.