Curious Connections Limited
Unaudited Financial Statements
For the period ended 28 February 2023
Pages for Filing with Registrar
Company Registration No. 13944923 (England and Wales)
Curious Connections Limited
Contents
Page
Balance sheet
1
Notes to the financial statements
2 - 4
Curious Connections Limited
Balance Sheet
As at 28 February 2023
Page 1
2023
Notes
£
£
Current assets
Debtors
3
43,410
Cash at bank and in hand
22,171
65,581
Creditors: amounts falling due within one year
4
(36,220)
Net current assets
29,361
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
29,261
Total equity
29,361
The director of the company has elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The member has not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved and signed by the director and authorised for issue on 1 February 2024
A Ross
Director
Company Registration No. 13944923
Curious Connections Limited
Notes to the Financial Statements
For the period ended 28 February 2023
Page 2
1
Accounting policies
Company information
Curious Connections Limited is a private company limited by shares incorporated in England and Wales. The registered office is Charlotte Building, 17 Gresse Street, London, W1T 1QL.
1.1
Reporting period
The company was incorporated on the 28 February 2022 and therefore these financial statements cover the first period of account from incorporation to 28 February 2023.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.3
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.
Revenue from contracts for the provision of services is recognised by reference to the stage of completion when the stage of completion, costs incurred and costs to complete can be estimated reliably.
1.4
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.5
Financial instruments
The company has only basic financial instruments measured at amortised cost, with no financial instruments classified as other, or basic financial instruments measured at fair value.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
1.7
Taxation
The tax expense represents the sum of the tax currently payable.
Curious Connections Limited
Notes to the Financial Statements (Continued)
For the period ended 28 February 2023
1
Accounting policies
(Continued)
Page 3
Current tax
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
1.8
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
1.9
Retirement benefits
Payments to defined contribution retirement benefit schemes are charged as an expense as they fall due.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was:
2023
Number
Total
1
3
Debtors
2023
Amounts falling due within one year:
£
Trade debtors
37,394
Other debtors
1,243
Prepayments and accrued income
4,773
43,410
Curious Connections Limited
Notes to the Financial Statements (Continued)
For the period ended 28 February 2023
Page 4
4
Creditors: amounts falling due within one year
2023
£
Trade creditors
1,000
Corporation tax
19,910
Other taxation and social security
11,410
Accruals and deferred income
3,900
36,220
5
Called up share capital
2023
2023
Ordinary share capital
Number
£
Issued and fully paid
Ordinary shares of £1 each
100
100
6
Related party transactions
The company paid £53,000 dividends during the year.
At the year end the company director owed £1,243 to the company. This balance is included in other debtors and was paid off post year end.
7
Controlling Party
The ultimate controlling party is A Ross by virtue of her majority shareholding.