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COMPANY REGISTRATION NUMBER: 14466143
Intra Urban (Battersea) Limited
Filleted Unaudited Financial Statements
30 November 2023
Intra Urban (Battersea) Limited
Financial Statements
Period from 7 November 2022 to 30 November 2023
Contents
Page
Statement of financial position
1
Notes to the financial statements
2
Intra Urban (Battersea) Limited
Statement of Financial Position
30 November 2023
30 Nov 23
Note
£
Current assets
Stocks
35,180
Cash at bank and in hand
100
--------
35,280
Creditors: amounts falling due within one year
5
81,875
--------
Net current liabilities
46,595
--------
Total assets less current liabilities
( 46,595)
--------
Net liabilities
( 46,595)
--------
Capital and reserves
Called up share capital
100
Profit and loss account
( 46,695)
--------
Shareholders deficit
( 46,595)
--------
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 comprehensive income has not been delivered.
For the period ending 30 November 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 financial statements for the period 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 29 July 2024 , and are signed on behalf of the board by:
Mr Z Hanif
Director
Company registration number: 14466143
Intra Urban (Battersea) Limited
Notes to the Financial Statements
Period from 7 November 2022 to 30 November 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 3, 130 Brixton Hill, London, SW2 1RS, 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.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change of value.
Going concern
The company is reliant on the support of its directors and other associated entities in order to continue in operational existence and meet its liabilities as they fall due. The directors are satisfied that they, as well as the other associated entities will continue to support the company and as such the going concern basis is appropriate for the preparation of the accounts.
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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that 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 that are expected to apply to the reversal of the timing difference.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
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. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1 .
5. Creditors: amounts falling due within one year
30 Nov 23
£
Accruals and deferred income
1,800
Other creditors
80,075
--------
81,875
--------
6. Related party transactions
At the period end, £80,075 was due to a company under common control. The amount is interest free, unsecured and repayable by demand. During the period, management charges of £3,518 was payable to a company under common control.
7. Controlling party
The company was under the control of the directors throughout the current period by virtue of their shareholdings.