0 false false false false false false false false false false true false false false false false false No description of principal activity 2022-12-01 Sage Accounts Production Advanced 2023 - FRS102_2023 914,899 914,899 914,899 xbrli:pure xbrli:shares iso4217:GBP 08298308 2022-12-01 2023-11-30 08298308 2023-11-30 08298308 2022-11-30 08298308 2021-12-01 2022-11-30 08298308 2022-11-30 08298308 2021-11-30 08298308 bus:Director2 2022-12-01 2023-11-30 08298308 core:WithinOneYear 2023-11-30 08298308 core:WithinOneYear 2022-11-30 08298308 core:AfterOneYear 2023-11-30 08298308 core:AfterOneYear 2022-11-30 08298308 core:ShareCapital 2023-11-30 08298308 core:ShareCapital 2022-11-30 08298308 core:RetainedEarningsAccumulatedLosses 2023-11-30 08298308 core:RetainedEarningsAccumulatedLosses 2022-11-30 08298308 core:LandBuildings core:OwnedOrFreeholdAssets 2023-11-30 08298308 core:LandBuildings core:OwnedOrFreeholdAssets 2022-11-30 08298308 bus:SmallEntities 2022-12-01 2023-11-30 08298308 bus:AuditExemptWithAccountantsReport 2022-12-01 2023-11-30 08298308 bus:SmallCompaniesRegimeForAccounts 2022-12-01 2023-11-30 08298308 bus:PrivateLimitedCompanyLtd 2022-12-01 2023-11-30 08298308 bus:FullAccounts 2022-12-01 2023-11-30
COMPANY REGISTRATION NUMBER: 08298308
RESOLUTE 2 (LEEDS) LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
30 November 2023
RESOLUTE 2 (LEEDS) LIMITED
STATEMENT OF FINANCIAL POSITION
30 November 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
914,899
914,899
CURRENT ASSETS
Debtors
5
13,905
2,023
Cash at bank and in hand
3,662
16,464
--------
--------
17,567
18,487
CREDITORS: amounts falling due within one year
6
( 440,466)
( 457,568)
---------
---------
NET CURRENT LIABILITIES
( 422,899)
( 439,081)
---------
---------
TOTAL ASSETS LESS CURRENT LIABILITIES
492,000
475,818
CREDITORS: amounts falling due after more than one year
7
( 394,458)
( 434,128)
---------
---------
NET ASSETS
97,542
41,690
---------
---------
CAPITAL AND RESERVES
Called up share capital
150
150
Profit and loss account
97,392
41,540
--------
--------
SHAREHOLDERS FUNDS
97,542
41,690
--------
--------
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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
RESOLUTE 2 (LEEDS) LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
30 November 2023
These financial statements were approved by the board of directors and authorised for issue on 23 August 2024 , and are signed on behalf of the board by:
S Allison
Director
Company registration number: 08298308
RESOLUTE 2 (LEEDS) LIMITED
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 The Faversham, Springfield Mount, Leeds, LS2 9NG, England.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover comprises revenue recognised by the Company in respect of rental income received exclusive of Value Added Tax.
Income tax
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its open market value at each reporting date and any changes in value are recognised in the statement of income and retained earnings.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit and loss. Derivative financial instruments are initially recorded at transaction price and thereafter at fair value with changes recognised in profit and loss. The company holds the following financial assets and liabilities: Cash, Short-term trade and other debtors, and creditors. Cash in the balance sheet comprises cash at banks and in hand and short term deposits with an original maturity date of three months or less. 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 before operating profit.
4. TANGIBLE ASSETS
Investment property
£
Cost
At 1 December 2022 and 30 November 2023
914,899
---------
Depreciation
At 1 December 2022 and 30 November 2023
---------
Carrying amount
At 30 November 2023
914,899
---------
At 30 November 2022
914,899
---------
The market value of investment property held as at 30th November 2023 has been calculated by the directors, and has been valued at open market value.
5. DEBTORS
2023
2022
£
£
Trade debtors
11,584
Other debtors
2,321
2,023
--------
-------
13,905
2,023
--------
-------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
34,884
61,769
Trade creditors
2,872
3,560
Corporation tax
16,553
5,037
Social security and other taxes
7,084
6,991
Amounts due to related companies
186,427
187,615
Other creditors
192,646
192,596
---------
---------
440,466
457,568
---------
---------
7. CREDITORS: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
394,458
434,128
---------
---------