Company registration number:
08582307
Arunmoor (Handcross) Limited
Unaudited filleted financial statements
30 June 2023
Arunmoor (Handcross) Limited
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Arunmoor (Handcross) Limited
Directors and other information
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Director |
Mr Ian Manson |
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Company number |
08582307 |
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Registered office |
3307 East Tower |
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3 Pan Peninsula Square |
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London |
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E14 9HR |
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Arunmoor (Handcross) Limited
Statement of financial position
30 June 2023
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2023 |
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2022 |
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Note |
£ |
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£ |
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£ |
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£ |
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Current assets |
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Debtors |
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4 |
754,973 |
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754,973 |
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Cash at bank and in hand |
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3,900 |
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18,733 |
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_______ |
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_______ |
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758,873 |
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773,706 |
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Creditors: amounts falling due |
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within one year |
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5 |
(
326,534) |
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(
325,937) |
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_______ |
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_______ |
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Net current assets |
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432,339 |
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447,769 |
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_______ |
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Total assets less current liabilities |
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432,339 |
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447,769 |
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Provisions for liabilities |
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(
28,000) |
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(
28,000) |
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_______ |
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Net assets |
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404,339 |
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419,769 |
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_______ |
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_______ |
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Capital and reserves |
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Called up share capital |
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100 |
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100 |
Profit and loss account |
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404,239 |
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419,669 |
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_______ |
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_______ |
Shareholders funds |
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404,339 |
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419,769 |
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_______ |
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_______ |
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For the year ending 30 June 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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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;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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 income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
01 March 2024
, and are signed on behalf of the board by:
Mr Ian Manson
Director
Company registration number:
08582307
Arunmoor (Handcross) Limited
Notes to the financial statements
Year ended 30 June 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 3307 East Tower, 3 Pan Peninsula Square, London, E14 9HR.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event; it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised in finance costs in profit or loss in the period it arises.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Debtors
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2023 |
2022 |
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£ |
£ |
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Amounts owed by group undertakings |
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754,973 |
754,973 |
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_______ |
_______ |
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Amounts owed by group undertakings are unsecured, interest free and repayable on demand.
5.
Creditors: amounts falling due within one year
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2023 |
2022 |
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£ |
£ |
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Trade creditors |
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308 |
- |
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Other creditors |
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326,226 |
325,937 |
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_______ |
_______ |
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326,534 |
325,937 |
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_______ |
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6.
Directors advances, credits and guarantees
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Balance brought forward and o/standing |
Balance brought forward and o/standing |
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2023 |
2022 |
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£ |
£ |
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Mr Ian Manson |
324,425 |
324,425 |
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_______ |
_______ |
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7.
Controlling party
The reporting entity is wholly owned by Arunmoor Limited, a company registered in England and Wales, whose address is at 3307 East Tower, 3 Pan Peninsula Square, London, E14 9HR.