Actiman Ltd 07462649 false 2023-01-01 2023-12-31 2023-12-31 The principal activity of the company is property rental. Digita Accounts Production Advanced 6.30.9574.0 true true 07462649 2023-01-01 2023-12-31 07462649 2023-12-31 07462649 core:CurrentFinancialInstruments 2023-12-31 07462649 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 07462649 core:FurnitureFittingsToolsEquipment 2023-12-31 07462649 bus:SmallEntities 2023-01-01 2023-12-31 07462649 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 07462649 bus:FilletedAccounts 2023-01-01 2023-12-31 07462649 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 07462649 bus:RegisteredOffice 2023-01-01 2023-12-31 07462649 bus:Director2 2023-01-01 2023-12-31 07462649 bus:Director3 2023-01-01 2023-12-31 07462649 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 07462649 core:FurnitureFittings 2023-01-01 2023-12-31 07462649 core:FurnitureFittingsToolsEquipment 2023-01-01 2023-12-31 07462649 core:OfficeEquipment 2023-01-01 2023-12-31 07462649 countries:EnglandWales 2023-01-01 2023-12-31 07462649 2022-12-31 07462649 core:FurnitureFittingsToolsEquipment 2022-12-31 07462649 2022-01-01 2022-12-31 07462649 2022-12-31 07462649 core:CurrentFinancialInstruments 2022-12-31 07462649 core:CurrentFinancialInstruments core:WithinOneYear 2022-12-31 07462649 core:FurnitureFittingsToolsEquipment 2022-12-31 iso4217:GBP xbrli:pure

Registration number: 07462649

Actiman Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2023

 

Actiman Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Actiman Ltd

Company Information

Directors

Mr A Hawkes

Mrs L Hawkes

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Bucks
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Bucks
SL8 5TD

 

Actiman Ltd

(Registration number: 07462649)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

1,682

2,142

Investment property

5

775,000

450,000

 

776,682

452,142

Current assets

 

Debtors

6

1,659

15,484

Cash at bank and in hand

 

7,849

14,950

 

9,508

30,434

Creditors: Amounts falling due within one year

7

(902,755)

(908,053)

Net current liabilities

 

(893,247)

(877,619)

Net liabilities

 

(116,565)

(425,477)

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

325,000

-

Retained earnings

(441,665)

(425,577)

Shareholders' deficit

 

(116,565)

(425,477)

For the financial 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.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 11 April 2024 and signed on its behalf by:
 

.........................................
Mr A Hawkes
Director

 

Actiman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Bucks
SL8 5TD
United Kingdom

These financial statements were authorised for issue by the Board on 11 April 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The company's balance sheet shows an insolvent position at the balance sheet date. The directors have arranged adequate funding to finance the company's continuing activities and to enable it to pay its debts as and when they fall due for payment, and accordingly considers that the company is a going concern and the financial statements have been prepared on this basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for property rental in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Government grants

Government grants are recognised under the accrual model of grant recognition. This model requires the grant to be classified as either a revenue-based grant or a capital-based grant.

Government grants are recognised in profit or loss on a systematic basis over the periods in which the entity recognises expenses for the related costs for which the grants are intended to compensate.

Grants relating to assets are recognised in income on a systematic basis over the expected useful life of the asset.

 

Actiman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

Tax

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Furniture and fittings

20% reducing balance

Computer equipment

33% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand.

Trade debtors

Trade debtors are amounts due from customers for property rentals or services performed in the ordinary course of business.Trade debtors are recognised initially at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Share capital

Ordinary shares are classified as equity.

 

Actiman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 January 2023

11,433

11,433

At 31 December 2023

11,433

11,433

Depreciation

At 1 January 2023

9,291

9,291

Charge for the year

460

460

At 31 December 2023

9,751

9,751

Carrying amount

At 31 December 2023

1,682

1,682

At 31 December 2022

2,142

2,142

5

Investment properties

2023
£

At 1 January

450,000

Fair value adjustments

325,000

At 31 December

775,000

Investment property was valued on an open market basis on 31 December 2023 by the company director.
If investment property had not been revalued it would have been included at the historical cost of £593,291.

6

Debtors

Current

2023
£

2022
£

Trade debtors

-

5,218

Prepayments

133

4,779

Other debtors

1,526

5,487

 

1,659

15,484

 

Actiman Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

3,351

4,811

Accruals and deferred income

2,034

2,039

Other creditors

897,370

901,203

902,755

908,053