COMPANY REGISTRATION NUMBER:
14974551
Filleted Unaudited Financial Statements |
|
Period from 3 July 2023 to 31 March 2024
Statement of financial position |
1 |
|
|
Notes to the financial statements |
3 |
|
|
Statement of Financial Position |
|
31 March 2024
Fixed assets
Current assets
Debtors |
6 |
715,691 |
Cash at bank and in hand |
1,800 |
|
--------- |
|
717,491 |
|
|
|
Creditors: amounts falling due within one year |
7 |
115,691 |
|
--------- |
Net current assets |
601,800 |
|
--------- |
Total assets less current liabilities |
602,000 |
|
|
|
Creditors: amounts falling due after more than one year |
8 |
600,000 |
|
--------- |
Net assets |
2,000 |
|
--------- |
|
|
|
Capital and reserves
Called up share capital |
2,000 |
|
------- |
Shareholders funds |
2,000 |
|
------- |
|
|
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 31 March 2024 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
.
Statement of Financial Position (continued) |
|
31 March 2024
These financial statements were approved by the
board of directors
and authorised for issue on
8 August 2024
, and are signed on behalf of the board by:
A G Eeles |
A Griffin |
Director |
Director |
|
|
Company registration number:
14974551
Notes to the Financial Statements |
|
Period from 3 July 2023 to 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Camburgh House, 27 New Dover Road, Canterbury, Kent, CT1 3DN, 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.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 399 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
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.
Employee numbers
The average number of persons employed by the company during the year amounted to 3. This includes the directors.
5.
Investments
|
Shares in group undertakings |
|
£ |
Cost |
|
At 3 July 2023 |
– |
Additions |
200 |
|
---- |
At 31 March 2024 |
200 |
|
---- |
Impairment |
|
At 3 July 2023 and 31 March 2024 |
– |
|
---- |
|
|
Carrying amount |
|
At 31 March 2024 |
200 |
|
---- |
|
|
The above investments relate to the 100% shareholding in Walltec Limited and the 100% shareholding in Eeles Plastering & Drylining Limited.
6.
Debtors
|
31 Mar 24 |
|
£ |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
715,691 |
|
--------- |
|
|
7.
Creditors:
amounts falling due within one year
|
31 Mar 24 |
|
£ |
Other creditors |
115,691 |
|
--------- |
|
|
8.
Creditors:
amounts falling due after more than one year
|
31 Mar 24 |
|
£ |
Other creditors |
600,000 |
|
--------- |
|
|
9.
Related party transactions
At the period end, the company owed the directors £715,691. No interest was charged on this balance.