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Registration number: 00740701

Little Arnewood House (Sway) Limited

Annual Report and Unaudited Abridged Financial Statements

for the Year Ended 31 March 2023

 

Little Arnewood House (Sway) Limited

Contents

Company Information

1

Abridged Balance Sheet

2 to 3

Notes to the Unaudited Abridged Financial Statements

4 to 6

 

Little Arnewood House (Sway) Limited

Company Information

Directors

Mr D Jackson

Mrs L Lewis

Mr D Paris

Mrs E Paris

Registered office

Little Arnewood House
Linnies Lane
Sway
Lymington
Hampshire
SO41 6ES

Accountants

Pyatt & Pyatt
Chartered Certified Accountants
36 St Thomas Street
Lymington
Hampshire
SO41 9NE

 

Little Arnewood House (Sway) Limited

(Registration number: 00740701)
Abridged Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

132

132

Current assets

 

Debtors

786

475

Cash at bank and in hand

 

6,820

3,243

 

7,606

3,718

Prepayments and accrued income

 

2,442

1,926

Net current assets

 

10,048

5,644

Total assets less current liabilities

 

10,180

5,776

Accruals and deferred income

 

(2,982)

(2,366)

Net assets

 

7,198

3,410

Capital and reserves

 

Called up share capital

5

200

200

Retained earnings

6,998

3,210

Shareholders' funds

 

7,198

3,410

For the financial year 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 accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Income and Expenditure Account has been taken.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

 

Little Arnewood House (Sway) Limited

(Registration number: 00740701)
Abridged Balance Sheet as at 31 March 2023

Approved and authorised by the Board on 23 November 2023 and signed on its behalf by:
 

.........................................
Mr D Jackson
Director

.........................................
Mrs L Lewis
Director

 
     
 

Little Arnewood House (Sway) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Little Arnewood House
Linnies Lane
Sway
Lymington
Hampshire
SO41 6ES

These financial statements were authorised for issue by the Board on 23 November 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These abridged financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Income comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Income is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

No provision is made for depreciation of the freehold reversion as in the opinion of the directors it maintains its value depsite the passage of time.

Asset class

Depreciation method and rate

Freehold reversion

0%

 

Little Arnewood House (Sway) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from members.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2022 - 4).

4

Tangible assets

Land and buildings
£

Total
£

Cost or valuation

At 1 April 2022

132

132

At 31 March 2023

132

132

Depreciation

Carrying amount

At 31 March 2023

132

132

At 31 March 2022

132

132

Included within the net book value of land and buildings above is £132 (2022 - £132) in respect of freehold land and buildings.
 

 

Little Arnewood House (Sway) Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 March 2023

5

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

200

200

200

200