COMPANY REGISTRATION NUMBER:
06996146
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 December 2023
Current assets
Debtors |
4 |
177,096 |
|
196,113 |
Cash at bank and in hand |
27 |
|
48 |
|
--------- |
|
--------- |
|
177,123 |
|
196,161 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
2,272 |
|
2,461 |
|
--------- |
|
--------- |
Net current assets |
|
174,851 |
193,700 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
174,851 |
193,700 |
|
|
--------- |
--------- |
Net assets |
|
174,851 |
193,700 |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
174,751 |
193,600 |
|
|
--------- |
--------- |
Shareholders funds |
|
174,851 |
193,700 |
|
|
--------- |
--------- |
|
|
|
|
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.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act 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
10 April 2024
, and are signed on behalf of the board by:
Company registration number:
06996146
Notes to the Financial Statements |
|
Year ended 31 December 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 C/O Leaman Mattei, Suite 1, First Floor, 1 Duchess Street, London, W1W 6AN, UK.
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.
Investment income
Investment income includes dividends and interest. Dividends receivable are recognised in the period in which the dividends are declared and approved. Interest income is recognised on an accruals basis.
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. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
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.
4.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
177,096 |
196,113 |
|
--------- |
--------- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Other creditors |
2,272 |
2,461 |
|
------- |
------- |
|
|
|
6.
Director's advances, credits and guarantees
Included in other creditors are loans due to the director of £544 (2022: £733). The loan is provided interest free and is repayable on demand.
7.
Related party transactions
The company was under the control of
Mr G Pelly
during the current and previous periods. Included in the other debtors is an amount of £172,886 (2022: £191,903) due from GPEF Limited in which Mr G Pelley is a director and shareholder. The loan is provided interest free and is repayable on demand.