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COMPANY REGISTRATION NUMBER: 12227942
Exceeding (Holdings) Limited
Filleted Unaudited Financial Statements
For the year ended
31 December 2023
Exceeding (Holdings) Limited
Statement of Financial Position
31 December 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
300
300
Current assets
Debtors
5
12,391
26,431
Cash at bank and in hand
276,245
401,060
---------
---------
288,636
427,491
Creditors: amounts falling due within one year
6
141,210
282,867
---------
---------
Net current assets
147,426
144,624
---------
---------
Total assets less current liabilities
147,726
144,924
---------
---------
Net assets
147,726
144,924
---------
---------
Capital and reserves
Called up share capital
1,000
200
Profit and loss account
146,726
144,724
---------
---------
Shareholders funds
147,726
144,924
---------
---------
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 comprehensive income 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.
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 .
Exceeding (Holdings) Limited
Statement of Financial Position (continued)
31 December 2023
These financial statements were approved by the board of directors and authorised for issue on 12 September 2024 , and are signed on behalf of the board by:
S P Rowland
Director
Company registration number: 12227942
Exceeding (Holdings) 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 2-3 Blotts Barn Brooks Road, Raunds, Wellingborough, Northants, NN9 6NS, 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.
Consolidation
The financial statements contain information relating to the entity only as the company is exempt from preparing consolidated financial statements on the basis that the company, and the group headed by it, qualify as small as set out in section 383 of the Companies Act 2006.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
4. Investments
Shares in group undertakings
£
Cost
At 1 January 2023 and 31 December 2023
300
----
Impairment
At 1 January 2023 and 31 December 2023
----
Carrying amount
At 31 December 2023
300
----
At 31 December 2022
300
----
The company owns 100% of the issued share capital of Exceeding Limited and Exceeding Investments Limited. Both companies are incorporated in England and Wales.
5. Debtors
2023
2022
£
£
Other debtors
12,391
26,431
--------
--------
6. Creditors: amounts falling due within one year
2023
2022
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
109,199
281,545
Social security and other taxes
1,302
132
Other creditors
30,709
1,190
---------
---------
141,210
282,867
---------
---------
7. Directors' advances, credits and guarantees
A director, maintains a loan account with the company. At the start of the year the Director owed the company £26,431. During the year there were payments of £860 (2022 £26,431) and repayments of £15,000 (2022 £Nil). At the year end the director owed the company £12,291. No interest was charged during the year and no amounts were written off.