COMPANY REGISTRATION NUMBER:
02880339
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
31 December 2023
|
2023 |
2022 |
Note |
£000 |
£000 |
£000 |
|
|
|
|
Current assets
Debtors |
4 |
2,790 |
|
2,790 |
|
------- |
|
------- |
Net current assets |
|
2,790 |
2,790 |
|
|
------- |
------- |
Total assets less current liabilities |
|
2,790 |
2,790 |
|
|
------- |
------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
5 |
|
123 |
123 |
Share premium account |
|
80 |
80 |
Capital redemption reserve |
|
420 |
420 |
Profit and loss account |
|
2,167 |
2,167 |
|
|
------- |
------- |
Shareholder funds |
|
2,790 |
2,790 |
|
|
------- |
------- |
|
|
|
|
|
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.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 December 2023 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' responsibilities:
-
The member has 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
25 September 2024
, and are signed on behalf of the board by:
Company registration number:
02880339
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 Unit 3 Ring Road Zone 2, Burntwood Business Park, Burntwood, Staffordshire, WS7 3JQ.
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.
Disclosure exemptions
The entity satisfies the criteria of being a qualifying entity as defined in FRS 102. As such, advantage has been taken of the following disclosure exemptions available under paragraph 1A.7 of FRS 102: - No cash flow statement has been presented for the company. - Disclosures in respect of financial instruments have not been presented.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholder funds during the current year or prior year.
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. Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. No key estimates or or judgements have been used by management in preparing these accounts.
4.
Debtors
|
2023 |
2022 |
|
£000 |
£000 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
2,790 |
2,790 |
|
------- |
------- |
|
|
|
5.
Called up share capital
Issued, called up and fully paid
|
2023 |
2022 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
123,000 |
123,000 |
123,000 |
123,000 |
|
--------- |
--------- |
--------- |
--------- |
|
|
|
|
|
6.
Controlling party
The ultimate parent company at the balance sheet date was Filon GRP Limited, a company registered in England and Wales, who produces group accounts that are publicly available.
7.
Cross guarantee
There is a cross guarantee in place across all companies in the group.