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Company No: 09550659 (England and Wales)

DURNSMOUNT LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

DURNSMOUNT LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

DURNSMOUNT LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 March 2024
DURNSMOUNT LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 March 2024
2024 2023
£ £
Current assets
Debtors 3 1,136 1,167
Cash at bank and in hand 5,285 4,447
6,421 5,614
Creditors: amounts falling due within one year 4 ( 3,470) ( 3,308)
Net current assets 2,951 2,306
Total assets less current liabilities 2,951 2,306
Net assets 2,951 2,306
Capital and reserves
Called-up share capital 5 100 100
Profit and loss account 2,851 2,206
Total shareholders' funds 2,951 2,306

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The financial statements of Durnsmount Limited (registered number: 09550659) were approved and authorised for issue by the Director on 16 April 2024. They were signed on its behalf by:

Q Heaney
Director
DURNSMOUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
DURNSMOUNT LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Durnsmount Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The Tile House 14a Homefield Road, Wimbledon, London, SW19 4QF, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and 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.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

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 creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 0 0

3. Debtors

2024 2023
£ £
Trade debtors 225 225
Prepayments 911 942
1,136 1,167

4. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to director 248 248
Accruals 3,222 3,060
3,470 3,308

5. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

6. Related party transactions

At the year-end, the company owed £248 (2023: £248) to the director, included within other creditors. The loan is interest-free and repayable on demand.