|
|
|
Arlington (Milburngate) Holding Co Ltd
|
Notes to the financial statements
Year ended 31 December 2023
Arlington (Milburngate) Holdings Limited ('the company') is a private company limited by shares, incorporated and domiciled in the United Kingdom and registered in England. The address of the registered office is given in the company information page of this annual report.
2.Accounting policies
|
|
Basis of preparation of financial statements
|
The financial statements have been prepared in accordance with Section 1A of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the United Kingdon and the Republic of Ireland' (FRS 102) and the Companies Act 2006.
The following principal accounting policies have been applied:
The directors have prepared cash flow forecasts for the coming period, taking into account expected
trading cash flows and other cash requirements. The company continues to meet its day-to-day
working capital requirements through direct financial support from the directors and shareholders. The financial statements have therefore been produced on a going concern basis.
Interest income is recognised in profit or loss using the effective interest method.
Investments in subsidiaries are measured at cost less accumulated impairment.
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.
|
The average monthly number of employees, including directors, during the year was 2 (2022 - 2).
|
3
|