0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-01-01 Sage Accounts Production Advanced 2023 - FRS102_2023 1,500,000 1,500,000 1,500,000 xbrli:pure xbrli:shares iso4217:GBP 04918673 2023-01-01 2023-12-31 04918673 2023-12-31 04918673 2022-12-31 04918673 2022-01-01 2022-12-31 04918673 2022-12-31 04918673 2021-12-31 04918673 bus:Director2 2023-01-01 2023-12-31 04918673 core:WithinOneYear 2023-12-31 04918673 core:WithinOneYear 2022-12-31 04918673 core:ShareCapital 2023-12-31 04918673 core:ShareCapital 2022-12-31 04918673 core:RetainedEarningsAccumulatedLosses 2023-12-31 04918673 core:RetainedEarningsAccumulatedLosses 2022-12-31 04918673 core:LandBuildings 2023-12-31 04918673 core:LandBuildings 2022-12-31 04918673 bus:SmallEntities 2023-01-01 2023-12-31 04918673 bus:AuditExemptWithAccountantsReport 2023-01-01 2023-12-31 04918673 bus:SmallCompaniesRegimeForAccounts 2023-01-01 2023-12-31 04918673 bus:PrivateLimitedCompanyLtd 2023-01-01 2023-12-31 04918673 bus:FullAccounts 2023-01-01 2023-12-31
COMPANY REGISTRATION NUMBER: 04918673
AREA 15 LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 December 2023
AREA 15 LIMITED
STATEMENT OF FINANCIAL POSITION
31 December 2023
2023
2022
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
1,500,000
1,500,000
CURRENT ASSETS
Debtors
5
430,947
336,036
Cash at bank and in hand
3,396
502
---------
---------
434,343
336,538
CREDITORS: amounts falling due within one year
6
( 256,897)
( 188,332)
---------
---------
NET CURRENT ASSETS
177,446
148,206
------------
------------
TOTAL ASSETS LESS CURRENT LIABILITIES
1,677,446
1,648,206
PROVISIONS
Taxation including deferred tax
( 24,738)
( 24,738)
------------
------------
NET ASSETS
1,652,708
1,623,468
------------
------------
CAPITAL AND RESERVES
Called up share capital
900
900
Profit and loss account
1,651,808
1,622,568
------------
------------
SHAREHOLDERS FUNDS
1,652,708
1,623,468
------------
------------
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 31 December 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 .
AREA 15 LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 3 September 2024 , and are signed on behalf of the board by:
S Allison
Director
Company registration number: 04918673
AREA 15 LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 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 Castleton Mill, Castleton Close, Leeds, LS12 2DS, 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, 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.
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.
Revenue recognition
Turnover comprises revenue recognised by the company in respect of services supplied, 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. Deferred tax is recognised in respect of all timing differences 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. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated 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
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. TANGIBLE ASSETS
Investment Property
£
Cost
At 1 January 2023 and 31 December 2023
1,500,000
------------
Depreciation
At 1 January 2023 and 31 December 2023
------------
Carrying amount
At 31 December 2023
1,500,000
------------
At 31 December 2022
1,500,000
------------
The market value of investment property held as at 31st December 2023 has been calculated by the director, and has been valued at open market value.
5. DEBTORS
2023
2022
£
£
Trade debtors
7,265
10,596
Amounts owed by group undertakings and undertakings in which the company has a participating interest
298,927
206,757
Other debtors
124,755
118,683
---------
---------
430,947
336,036
---------
---------
6. CREDITORS: amounts falling due within one year
2023
2022
£
£
Trade creditors
4,395
9,166
Amounts owed to group undertakings and undertakings in which the company has a participating interest
50,000
Corporation tax
10,086
14,521
Social security and other taxes
2,326
Amounts owed to related companies
138,795
114,600
Other creditors
51,295
50,045
---------
---------
256,897
188,332
---------
---------