COMPANY REGISTRATION NUMBER:
12924079
Filleted Financial Statements |
|
Statement of Financial Position |
|
30 June 2023
Fixed assets
Investments |
4 |
|
1,555,930 |
1,555,930 |
|
|
|
|
|
Current assets
Debtors |
5 |
– |
|
55,851 |
Cash at bank and in hand |
30,351 |
|
47,870 |
|
-------- |
|
--------- |
|
30,351 |
|
103,721 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
910,441 |
|
961,052 |
|
--------- |
|
--------- |
Net current liabilities |
|
880,090 |
857,331 |
|
|
------------ |
------------ |
Total assets less current liabilities |
|
675,840 |
698,599 |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
675,740 |
698,499 |
|
|
--------- |
--------- |
Shareholders funds |
|
675,840 |
698,599 |
|
|
--------- |
--------- |
|
|
|
|
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.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements were approved by the
board of directors
and authorised for issue on
6 September 2023
, and are signed on behalf of the board by:
Company registration number:
12924079
Notes to the Financial Statements |
|
Year ended 30 June 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 Unit 41 Walkers Road, Manorside Industrial Estate, Redditch, Worcestershire, B98 9HE, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, 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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 1 July 2022 and 30 June 2023 |
1,555,930 |
|
------------ |
Impairment |
|
At 1 July 2022 and 30 June 2023 |
– |
|
------------ |
|
|
Carrying amount |
|
At 30 June 2023 |
1,555,930 |
|
------------ |
At 30 June 2022 |
1,555,930 |
|
------------ |
|
|
5.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Amounts owed by group undertakings |
– |
55,851 |
|
---- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Amounts owed to group undertakings |
910,441 |
961,052 |
|
--------- |
--------- |
|
|
|
7.
Summary audit opinion
The auditor's report dated
6 September 2023
was
unqualified
.
The senior statutory auditor was
T P Brueton BA FCA
, for and on behalf of
Muras Baker Jones Limited
.
8.
Controlling party
The company is wholly owned by Trellidor Holdings Ltd
a company registered in South Africa which produces group accounts. The registered office of the company is 20 Aberdare Drive, Phoenix Industrial Park, Durban 4001 South Africa.