COMPANY REGISTRATION NUMBER:
14549406
Filleted Unaudited Financial Statements |
|
Period from 19 December 2022 to 31 December 2023
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
Statement of Financial Position |
|
31 December 2023
Fixed assets
Tangible assets |
5 |
|
150,028 |
|
|
|
|
Current assets
Debtors |
6 |
136 |
|
Cash at bank and in hand |
6,214 |
|
|
------- |
|
|
6,350 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
2,775 |
|
|
------- |
|
Net current assets |
|
3,575 |
|
|
--------- |
Total assets less current liabilities |
|
153,603 |
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
|
157,759 |
|
|
--------- |
Net liabilities |
|
(
4,156) |
|
|
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
Profit and loss account |
|
(
4,256) |
|
|
------- |
Shareholders deficit |
|
(
4,156) |
|
|
------- |
|
|
|
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 31 December 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
.
Statement of Financial Position (continued) |
|
31 December 2023
These financial statements were approved by the
board of directors
and authorised for issue on
25 February 2024
, and are signed on behalf of the board by:
Company registration number:
14549406
Notes to the Financial Statements |
|
Period from 19 December 2022 to 31 December 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 28 Teignmouth Road, London, NW2 4HN, 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.
Going concern
The directors have considered the position of the company and due to the continued support of the shareholders they believe it is appropriate to continue to use the going concern basis for the preparation of the financial statements.
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. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
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.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs.Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the period including directors amounted to 2.
5.
Tangible assets
|
Investment property |
|
£ |
Cost |
|
At 19 December 2022 |
– |
Additions |
150,028 |
|
--------- |
At 31 December 2023 |
150,028 |
|
--------- |
Depreciation |
|
At 19 December 2022 and 31 December 2023 |
– |
|
--------- |
Carrying amount |
|
At 31 December 2023 |
150,028 |
|
--------- |
|
|
The directors believe that the fair value of the investment property at the period end is £150,028. The fair value of the property is not based on an independent valuation.
6.
Debtors
|
31 Dec 23 |
|
£ |
Other debtors |
136 |
|
---- |
|
|
7.
Creditors:
amounts falling due within one year
|
31 Dec 23 |
|
£ |
Other creditors |
2,775 |
|
------- |
|
|
8.
Creditors:
amounts falling due after more than one year
|
31 Dec 23 |
|
£ |
Bank loans and overdrafts |
64,135 |
Other creditors |
93,624 |
|
--------- |
|
157,759 |
|
--------- |
|
|
The bank loans and overdrafts are secured against the fixed assets of the company.
9.
Related party transactions
At the period end, the company owed the directors £93,624.