Notes to the financial statements
Period ended 30 June 2023
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 21 Jesmond Way, Stanmore, Middlesex, England, HA7 4QR.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.
The following principal accounting policies have been applied:
The company is reliant upon the continuing support of its directors who agree not to withdraw funds to the detriment of other creditors. On this basis the director considers it appropriate to continue to adopt the going concern basis of accounting in preparing the financial statements.
If this basis proved to be invalid, the financial statements would have to be prepared on a breakup basis in which case the balance sheet would be restated to include all assets at estimated realisable values and all liabilities would become current and would have to be increased to include those liabilities contingent on the company ceasing to trade.
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.
Investments in subsidiaries are measured at cost less accumulated impairment.
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