COMPANY REGISTRATION NUMBER:
09297199
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 November 2023
Current assets
Debtors |
5 |
14,000 |
14,000 |
Cash at bank and in hand |
2,154 |
2,236 |
|
-------- |
-------- |
|
16,154 |
16,236 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
1,118,348 |
1,118,348 |
|
------------ |
------------ |
Net current liabilities |
1,102,194 |
1,102,112 |
|
------------ |
------------ |
Total assets less current liabilities |
(
1,102,194) |
(
1,102,112) |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
(
1,102,294) |
(
1,102,212) |
|
------------ |
------------ |
Shareholder deficit |
(
1,102,194) |
(
1,102,112) |
|
------------ |
------------ |
|
|
|
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 member has 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
19 August 2024
, and are signed on behalf of the board by:
Company registration number:
09297199
Notes to the Financial Statements |
|
Year ended 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 Greentops Potters Bar Nursery, The Ridgeway, Potters Bar, EN6 5QS.
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.
Going concern
The financial statements have been prepared on the going concern basis even though the balance sheet shows net liabilities of £1,102,194 (2022: £1,102,112). This is appropriate because the director/shareholder will ensure that the company has sufficient funding to enable it to pay its debts as they fall due.
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. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Other debtors |
14,000 |
14,000 |
|
-------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Other creditors |
1,118,348 |
1,118,348 |
|
------------ |
------------ |
|
|
|
7.
Related party transactions
Included in other creditors at 30 November 2023 is an amount of £1,118,348 (2022: £1,118,348) owed to the director. Included in other debtors at 30 November 2023 is an amount of £14,000 (2022: £14,000) due from a company in which
Mr D Gallagher
is a director.