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Company registration number: 09156872
Aedesia Limited
Unaudited filleted financial statements
30 March 2023
Aedesia Limited
Contents
Statement of financial position
Notes to the financial statements
Aedesia Limited
Statement of financial position
30 March 2023
2023 2022
Note £ £ £ £
Current assets
Debtors 5 3,237 3,252
Cash at bank and in hand 134 138
_______ _______
3,371 3,390
Creditors: amounts falling due
within one year 6 ( 71,077) ( 74,712)
_______ _______
Net current liabilities ( 67,706) ( 71,322)
_______ _______
Total assets less current liabilities ( 67,706) ( 71,322)
_______ _______
Net liabilities ( 67,706) ( 71,322)
_______ _______
Capital and reserves
Called up share capital 7 100 100
Profit and loss account ( 67,806) ( 71,422)
_______ _______
Shareholders deficit ( 67,706) ( 71,322)
_______ _______
For the year ending 30 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 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.
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 12 March 2024 , and are signed on behalf of the board by:
Mr D R Lees
Director
Company registration number: 09156872
Aedesia Limited
Notes to the financial statements
Year ended 30 March 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 13 Portland Road, Edgbaston, Birmingham, B16 9HN.
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, 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 company's balance sheet shows an adverse position at the year end of £70,401 (2022: £71,322).The other creditors includes £70,401 (2022: £73,262) which relates to loans received from related companies.The director does not expect repayment until such time as the company has sufficient funds available to make the repayments without adversely affecting the company's ability to continue to trade. For this reason the directors believe that the company will continue to trade for the foreseeable future.
Turnover
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 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Debtors and creditors due within one year
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2022: 1 ).
5. Debtors
2023 2022
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 345 310
Other debtors 2,892 2,942
_______ _______
3,237 3,252
_______ _______
6. Creditors: amounts falling due within one year
2023 2022
£ £
Other creditors 71,077 74,712
_______ _______
7. Called up share capital
Issued, called up and fully paid
2023 2022
No £ No £
Ordinary shares of £ 1.00 each 100 100 100 100
_______ _______ _______ _______