REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 27 OCTOBER 2022 TO 31 OCTOBER 2023 |
FOR |
ESCAPE OFF THE GRID LTD |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE PERIOD 27 OCTOBER 2022 TO 31 OCTOBER 2023 |
FOR |
ESCAPE OFF THE GRID LTD |
ESCAPE OFF THE GRID LTD (REGISTERED NUMBER: 14446736) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 27 OCTOBER 2022 TO 31 OCTOBER 2023 |
Page |
Statement of Financial Position | 1 |
Notes to the Financial Statements | 3 |
ESCAPE OFF THE GRID LTD (REGISTERED NUMBER: 14446736) |
STATEMENT OF FINANCIAL POSITION |
31 OCTOBER 2023 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the Company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the Company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the Company. |
ESCAPE OFF THE GRID LTD (REGISTERED NUMBER: 14446736) |
STATEMENT OF FINANCIAL POSITION - continued |
31 OCTOBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
ESCAPE OFF THE GRID LTD (REGISTERED NUMBER: 14446736) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 27 OCTOBER 2022 TO 31 OCTOBER 2023 |
1. | STATUTORY INFORMATION |
Escape Off The Grid Ltd is a |
Registered number: |
Registered office: |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Plant and machinery | - |
Fixtures. fittings and equipment | - |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the statement of financial position date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
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. |
ESCAPE OFF THE GRID LTD (REGISTERED NUMBER: 14446736) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 27 OCTOBER 2022 TO 31 OCTOBER 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | TANGIBLE FIXED ASSETS |
Fixtures. |
fittings |
Plant and | and |
machinery | equipment | Totals |
£ | £ | £ |
COST |
Additions |
At 31 October 2023 |
DEPRECIATION |
Charge for period |
At 31 October 2023 |
NET BOOK VALUE |
At 31 October 2023 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed by connected undertakings | 450 |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Amounts owed to connected undertakings | 40,610 |
Other creditors |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal |
value: | £ |
Ordinary | 1 | 1 |
ESCAPE OFF THE GRID LTD (REGISTERED NUMBER: 14446736) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 27 OCTOBER 2022 TO 31 OCTOBER 2023 |
8. | RELATED PARTY DISCLOSURES |
The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below: |
2023 |
£ |
Amounts owed by/ (to) connected undertakings | (40,160 | ) |
All transactions were made on normal commercial terms. |
Connected Undertakings |
Invest Offgrid Limited |
Shuffle Life Ltd |
Connected Undertakings |
A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company. |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is T Marsh. |