Registered number
07076630
The Fives Court Company Limited
Report and Unaudited Accounts
30 November 2023
The Fives Court Company Limited
Report and accounts
Contents
Page
Company information 1
Directors' report 2
Profit and loss account 3
Balance sheet 4
Notes to the accounts 5
The Fives Court Company Limited
Company Information
Directors
Mrs J Green
Mr N Cox
Accountants
Cochrane & Co Accountants Limited
38 Kings Road
Lee-on-the-Solent
Hampshire
PO13 9NU
Registered office
Bryher
Tile Barn
Woolton Hill
Newbury
RG20 9UX
Registered number
07076630
The Fives Court Company Limited
Registered number: 07076630
Directors' Report
The directors present their report and accounts for the year ended 30 November 2023.
Principal activities
The company's principal activity continued to be that of the marketing, promotion and installation of fives courts.
Directors
The following persons served as directors during the year:
Mrs J Green
Mr N Cox
Small company provisions
This report has been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
This report was approved by the board on 9 August 2024 and signed on its behalf.
Mrs J Green
Director
The Fives Court Company Limited
Profit and Loss Account
for the year ended 30 November 2023
2023 2022
£ £
Operating profit - -
Profit before taxation - -
Tax on profit - -
Profit for the financial year - -
The Fives Court Company Limited
Registered number: 07076630
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Current assets
Cash at bank and in hand 213 213
Creditors: amounts falling due within one year 4 (19,783) (19,783)
Net current liabilities (19,570) (19,570)
Net liabilities (19,570) (19,570)
Capital and reserves
Called up share capital 99 99
Profit and loss account (19,669) (19,669)
Shareholders' funds (19,570) (19,570)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime.
Mrs J Green
Director
Approved by the board on 9 August 2024
The Fives Court Company Limited
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Going concern
The directors are currently supporting the company financially and are pursuing contracts. The directors have, therefore, been prepared the accounts on a going concern basis.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
4 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 19,783 19,783
5 Controlling party
The company is controlled by the directors.
6 Other information
The Fives Court Company Limited is a private company limited by shares and incorporated in England. Its registered office is:
Bryher
Tile Barn
Woolton Hill
Newbury
RG20 9UX
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