COMPANY REGISTRATION NUMBER:
11221442
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 April 2023
Current assets
Debtors |
4 |
1,000 |
1,000 |
Cash at bank and in hand |
2,425 |
4,144 |
|
------- |
------- |
|
3,425 |
5,144 |
|
------- |
------- |
Net current assets |
3,425 |
5,144 |
|
------- |
------- |
Total assets less current liabilities |
3,425 |
5,144 |
|
------- |
------- |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
3,325 |
5,044 |
|
------- |
------- |
Shareholder funds |
3,425 |
5,144 |
|
------- |
------- |
|
|
|
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 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their 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
13 February 2024
, and are signed on behalf of the board by:
Company registration number:
11221442
Notes to the Financial Statements |
|
Year ended 30 April 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 Golfmount, 38 Pigeon Lane, Herne Bay, Kent, CT6 7ES, United Kingdom.
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.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
1,000 |
1,000 |
|
------- |
------- |
|
|
|
5.
Employee numbers
The average number of persons employed by the company during the year, including the directors, amounted to 3 (2020: 1).
6.
Directors' advances, credits and guarantees
During the year advances of £nil (2022: £1,000) made to the director. During the year repayments of £nil (2022: £nil) were made by the director. No interest was charged on this amount.
7.
Related party transactions
At the year end the director owed £1,000 (2022: £1,000) to the company.