COMPANY REGISTRATION NUMBER:
05998535
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 November 2023
Current assets
Stocks |
612,928 |
|
602,702 |
Debtors |
4 |
8,572 |
|
– |
|
-------- |
|
-------- |
|
621,500 |
|
602,702 |
|
|
|
|
|
Creditors: amounts falling due within one year |
5 |
311,980 |
|
293,182 |
|
-------- |
|
-------- |
Net current assets |
|
309,520 |
309,520 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
309,520 |
309,520 |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
6 |
|
283,351 |
283,351 |
Profit and loss account |
|
26,169 |
26,169 |
|
|
-------- |
-------- |
Shareholders funds |
|
309,520 |
309,520 |
|
|
-------- |
-------- |
|
|
|
|
|
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 income and retained earnings has not been delivered.
For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his 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
15 August 2024
, and are signed on behalf of the board by:
Company registration number:
05998535
Notes to the Financial Statements |
|
Year ended 30 November 2023
1.
General information
The company is a private company limited by shares, incorporated, registered and trading in England and Wales with company number
05998535
. The address of the registered office is 9 Goodway House, Copps Road, Leamington Spa, CV32 5JW.
2.
Statement of compliance
The financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' ('FRS 102') and Companies Act 2006.
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 company and rounded to the nearest £.
Judgements in applying accounting policies and key sources of estimation in uncertainty
In preparing these financial statements the director has had to make judgements, estimates and assumptions that affect the application of policies and reported amounts of assets, liabilities, income and expenses. The estimates and associated assumptions are based on historic experience and various other factors that are believed to be reasonable under the circumstances. Actual results may differ from these estimates. For this reporting date there are no significant judgements, estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amounts of the assets and liabilities.
Stocks
Development stock is valued on the basis of direct costs plus attributable overheads and interest accrued on related loans based on normal level of activity. Provision is made for any foreseeable losses where appropriate. No element of profit is included in the valuation.
Financial instruments
The company only has basic financial instruments. - Financial assets Financial assets comprise items such as cash at bank and in hand, trade an other debtors. These are initially recorded at cost on the date they originate. The company considers evidence of impairment for all individual elements comprising financial assets and any subsequent impairment is recognised in profit or loss. - Financial liabilities Financial liabilities comprise items such as corporation and other taxes, bank and bank loans, accruals and trade and other creditors. These are initially recorded at cost on the date they originate, net of transaction costs where applicable. The company considers evidence of impairment for all individual elements comprising financial liabilities and any subsequent impairment is recognised in profit or loss.
4.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
8,572 |
– |
|
------ |
---- |
|
|
|
5.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Other creditors |
311,980 |
293,182 |
|
-------- |
-------- |
|
|
|
6.
Called up share capital
Issued, called up and fully paid
|
2023 |
2022 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
Preference shares of £ 1 each |
283,350 |
283,350 |
283,350 |
283,350 |
|
-------- |
-------- |
-------- |
-------- |
|
283,351 |
283,351 |
283,351 |
283,351 |
|
-------- |
-------- |
-------- |
-------- |
|
|
|
|
|
7.
Director's advances, credits and guarantees
At the reporting date the directors loan account was in credit by £104,838 (2022: £95,548). There is no fixed term for repayment and no interest is charged.
8.
Related party transactions
The company was under the control of Mr J. O'Meara throughout the current and previous year.