Earthrowl Associates Ltd 03126970 true 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is dormant company. Digita Accounts Production Advanced 6.30.9574.0 true A C La Pietra K J Earthrowl 03126970 2023-01-01 2023-12-31 03126970 2023-12-31 03126970 bus:OrdinaryShareClass1 2023-12-31 03126970 bus:OrdinaryShareClass2 2023-12-31 03126970 core:RetainedEarningsAccumulatedLosses 2023-12-31 03126970 core:ShareCapital 2023-12-31 03126970 core:FinancialAssetsCostLessImpairment core:Non-currentFinancialInstruments 2023-12-31 03126970 core:CurrentFinancialInstruments 2023-12-31 03126970 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 03126970 bus:FRS102 2023-01-01 2023-12-31 03126970 bus:AuditExempt-NoAccountantsReport 2023-01-01 2023-12-31 03126970 bus:FullAccounts 2023-01-01 2023-12-31 03126970 bus:RegisteredOffice 2023-01-01 2023-12-31 03126970 bus:Director1 2023-01-01 2023-12-31 03126970 bus:Director2 2023-01-01 2023-12-31 03126970 bus:OrdinaryShareClass1 2023-01-01 2023-12-31 03126970 bus:OrdinaryShareClass2 2023-01-01 2023-12-31 03126970 bus:EntityHasNeverTraded 2023-01-01 2023-12-31 03126970 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 03126970 countries:England 2023-01-01 2023-12-31 03126970 2022-01-01 2022-12-31 03126970 2022-12-31 03126970 bus:OrdinaryShareClass1 2022-12-31 03126970 bus:OrdinaryShareClass2 2022-12-31 03126970 core:RetainedEarningsAccumulatedLosses 2022-12-31 03126970 core:ShareCapital 2022-12-31 03126970 core:CurrentFinancialInstruments 2022-12-31 03126970 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 03126970

Earthrowl Associates Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

Earthrowl Associates Ltd

Profit and Loss Account for the Year Ended 31 December 2023

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

 

Earthrowl Associates Ltd

(Registration number: 03126970)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Other financial assets

3

117,617

117,617

Current assets

 

Debtors

4

58,306

58,306

Cash at bank and in hand

 

350

350

 

58,656

58,656

Creditors: Amounts falling due within one year

6

(113,600)

(113,600)

Net current liabilities

 

(54,944)

(54,944)

Net assets

 

62,673

62,673

Capital and reserves

 

Called up share capital

7

70,000

70,000

Retained earnings

(7,327)

(7,327)

Shareholders' funds

 

62,673

62,673

For the financial year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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.

Approved and authorised by the Board on 15 January 2024 and signed on its behalf by:
 

.........................................
A C La Pietra
Director

 

Earthrowl Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

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

The address of its registered office is:
87 The High
Streatham High Road
London
SW16 1EZ

These financial statements were authorised for issue by the Board on 15 January 2024.

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 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 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.

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 customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

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.

 

Earthrowl Associates Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Other financial assets (current and non-current)

Financial assets at cost less impairment
£

Total
£

Non-current financial assets

Cost or valuation

At 1 January 2023

117,617

117,617

At 31 December 2023

117,617

117,617

Impairment

Carrying amount

At 31 December 2023

117,617

117,617

4

Debtors

Current

Note

2023
£

2022
£

Amounts owed by related parties

58,306

58,306

   

58,306

58,306

5

Cash and cash equivalents

2023
£

2022
£

Cash at bank

350

350

6

Creditors

Note

2023
£

2022
£

Due within one year

 

Amounts due to related parties

113,600

113,600

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary A shares of £1 each

23,333

23,333

23,333

23,333

Ordinary B shares of £1 each

46,667

46,667

46,667

46,667

 

70,000

70,000

70,000

70,000