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Company Registration No. 11237594 (England and Wales)
098 LTD Unaudited accounts for the year ended 30 March 2023
098 LTD Unaudited accounts Contents
Page
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098 LTD Company Information for the year ended 30 March 2023
Director
M MUDASSAR
Company Number
11237594 (England and Wales)
Registered Office
98 GLENEAGLES ROAD HEALD GREEN CHEADLE SK8 3EN ENGLAND
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098 LTD Statement of financial position as at 30 March 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
11,240,841 
5,882,577 
Investment property
1,000,000 
1,000,000 
12,240,841 
6,882,577 
Current assets
Debtors
399,669 
194,213 
Cash at bank and in hand
92,255 
207,556 
491,924 
401,769 
Creditors: amounts falling due within one year
(339,095)
(75,354)
Net current assets
152,829 
326,415 
Total assets less current liabilities
12,393,670 
7,208,992 
Creditors: amounts falling due after more than one year
(12,220,000)
(7,270,000)
Net assets/(liabilities)
173,670 
(61,008)
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
173,570 
(61,108)
Shareholders' funds
173,670 
(61,008)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 20 November 2023 and were signed on its behalf by
M MUDASSAR Director Company Registration No. 11237594
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098 LTD Notes to the Accounts for the year ended 30 March 2023
1
Statutory information
098 LTD is a private company, limited by shares, registered in England and Wales, registration number 11237594. The registered office is 98 GLENEAGLES ROAD, HEALD GREEN, CHEADLE, SK8 3EN, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
£3155902
Fixtures & fittings
£15675
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 31 March 2022
5,885,711 
Additions
5,360,776 
At 30 March 2023
11,246,487 
Depreciation
At 31 March 2022
3,134 
Charge for the year
2,512 
At 30 March 2023
5,646 
Net book value
At 30 March 2023
11,240,841 
At 30 March 2022
5,882,577 
5
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
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098 LTD Notes to the Accounts for the year ended 30 March 2023
6
Average number of employees
During the year the average number of employees was 2 (2022: 1).
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