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Unaudited Accounts | ||
for the year ended | ||
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Balance Sheet as at |
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2023 £ |
2022 £ |
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Fixed assets |
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Current assets |
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Prepayments and accrued income: |
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Creditors: amounts falling due within one year | ( |
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Net current assets / (liabilities) |
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Total assets less current liabilities |
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Total net assets (liabilities) |
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Capital and reserves |
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During the period the average number of employees was |
Note on Rental Income: In this, as well as the previous accounting period, all rental income, including both long-term and short-term lettings, is reported under general turnover. | Note on Debt Write-Off: During the current accounting period, the company recognised an additional write-off amounting to £45,000 relating to a debt due from its wholly-owned subsidiary. This follows a prior write-off of £247,500 in the previous accounting period. The decision to write off this further amount was made after a continued assessment of the subsidiary's financial position, which revealed insufficient assets to cover the outstanding debt. As a result, this additional amount was considered a bad debt. This write-off has further reduced the company's total assets and equity by the corresponding amount. Management will continue to evaluate the subsidiary's financial condition and explore options for future recovery or restructuring. |
Signed on behalf of the board of directors
...................................................
Mr V Karatosic
Director
Approved by the board on
Company Number: 03166609 (a Private Company Limited by Shares registered in England and Wales)
Registered Office:
124 City Road