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Financial Statements |
Contents |
Page |
Director's report |
1 |
Income statement |
2 |
Statement of financial position |
3 |
Statement of changes in equity |
4 |
Notes to the financial statements |
5 |
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Director's Report |
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Director |
Company Secretary |
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Income Statement |
2023 |
2022 |
|
Note |
$ |
$ |
Turnover |
|
– |
--------- |
---- |
|
Gross profit |
|
– |
Administrative expenses |
(
|
(
|
Other operating income |
|
|
--------- |
-------- |
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Operating profit/(loss) |
|
(
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--------- |
-------- |
||
Profit/(loss) before taxation |
4 |
|
(
|
Tax on profit/(loss) |
– |
– |
-------- |
------- |
|
Profit/(loss) for the financial year |
|
(
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-------- |
------- |
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Statement of Financial Position |
2023 |
2022 |
||
Note |
$ |
$ |
$ |
Tangible assets |
5 |
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Debtors |
6 |
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Cash at bank and in hand |
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--------- |
--------- |
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Creditors: amounts falling due within one year |
7 |
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------------ |
------------ |
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Net current liabilities |
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--------- |
--------- |
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Total assets less current liabilities |
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(
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||
-------- |
-------- |
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Called up share capital |
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Other reserves |
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Profit and loss account |
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(
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-------- |
-------- |
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Shareholders funds/(deficit) |
|
(
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-------- |
-------- |
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Director |
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Statement of Changes in Equity |
Called up share capital |
Other reserves |
Profit and loss account |
Total |
||
$ |
$ |
$ |
$ |
||
At 1 January 2022 |
|
(
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(
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(
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Loss for the year |
(
|
(
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Other comprehensive income for the year: |
|||||
Foreign currency retranslation |
– |
|
– |
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------- |
------- |
-------- |
-------- |
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Total comprehensive income for the year |
– |
|
(
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(
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At 31 December 2022 |
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|
(
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(
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Profit for the year |
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Other comprehensive income for the year: |
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Foreign currency retranslation |
– |
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– |
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------- |
------- |
-------- |
-------- |
||
Total comprehensive income for the year |
– |
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|
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------- |
------- |
-------- |
-------- |
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At 31 December 2023 |
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------- |
------- |
-------- |
-------- |
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Notes to the Financial Statements |
Fixture and Fittings |
- |
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2023 |
2022 |
|
$ |
$ |
|
Depreciation of tangible assets |
|
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Fair value adjustments to investment property |
|
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-------- |
-------- |
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Land and buildings |
Fixtures and fittings |
Total |
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$ |
$ |
$ |
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Cost or valuation |
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At 1 January 2023 |
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Revaluations |
(
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– |
(
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--------- |
-------- |
--------- |
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At 31 December 2023 |
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--------- |
-------- |
--------- |
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Depreciation |
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At 1 January 2023 |
– |
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Charge for the year |
– |
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--------- |
-------- |
--------- |
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At 31 December 2023 |
– |
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--------- |
-------- |
--------- |
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Carrying amount |
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At 31 December 2023 |
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--------- |
-------- |
--------- |
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At 31 December 2022 |
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--------- |
-------- |
--------- |
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2023 |
2022 |
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$ |
$ |
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Trade debtors |
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Prepayments and accrued income |
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Corporation tax repayable |
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Other debtors |
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--------- |
-------- |
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--------- |
-------- |
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2023 |
2022 |
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$ |
$ |
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Trade creditors |
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Social security and other taxes |
– |
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Shareholders account - credit balance |
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Other creditors |
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------------ |
------------ |
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------------ |
------------ |
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2023 |
2022 |
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$ |
$ |
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At start of year |
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(
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Foreign currency retranslation |
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|
------- |
------- |
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At end of year |
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(4,549) |
------- |
------- |
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