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Registration number: 06679500

A/Political Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 December 2023

 

A/Political Ltd

Contents

Company Information

1

Director's Report

2

Profit and Loss Account

3

Statement of Comprehensive Income

4

Balance Sheet

5 to 6

Notes to the Unaudited Financial Statements

7 to 10

 

A/Political Ltd

Company Information

Director

R J Haghpanah-Setchell

Registered office

6 Stannary Street
London
SE11 4AA

 

A/Political Ltd

Director's Report for the Year Ended 31 December 2023

The report and the financial statements for the year ended 31 December 2023.

Directors of the company

The directors who held office during the year were as follows:

R J Haghpanah-Setchell

Mrs V Tretyakova (ceased 14 March 2023)

Principal activity

The principal activity of the company is artistic creation

Small companies provision statement

This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 30 September 2024
 

.........................................
R J Haghpanah-Setchell
Director

 

A/Political Ltd

Profit and Loss Account for the Year Ended 31 December 2023

Note

2023
£

2022
£

Turnover

 

1,349,191

987,655

Cost of sales

 

(997,203)

(338,540)

Gross profit

 

351,988

649,115

Distribution costs

 

(32,248)

(41,539)

Administrative expenses

 

(375,204)

(476,107)

Operating (loss)/profit

 

(55,464)

131,469

Other interest receivable and similar income

 

34,267

34,267

Interest payable and similar expenses

 

(250)

-

   

34,017

34,267

(Loss)/profit before tax

4

(21,447)

165,736

(Loss)/profit for the financial year

 

(21,447)

165,736

The above results were derived from continuing operations.

 

A/Political Ltd

Statement of Comprehensive Income for the Year Ended 31 December 2023

2023
£

2022
£

(Loss)/profit for the year

(21,447)

165,736

Surplus/(deficit) on revaluation of other assets

12,967

(120,730)

Total comprehensive income for the year

(8,480)

45,006

 

A/Political Ltd

(Registration number: 06679500)
Balance Sheet as at 31 December 2023

Note

2023
£

2022
£

Fixed assets

 

Intangible assets

5

34,484

21,563

Tangible assets

6

728,149

728,510

Investments

7

653,344

619,125

 

1,415,977

1,369,198

Current assets

 

Debtors

8

223,838

224,460

Cash at bank and in hand

 

40,836

95,371

 

264,674

319,831

Creditors: Amounts falling due within one year

9

(131,894)

(142,229)

Net current assets

 

132,780

177,602

Total assets less current liabilities

 

1,548,757

1,546,800

Creditors: Amounts falling due after more than one year

9

(2,933,820)

(2,933,820)

Net liabilities

 

(1,385,063)

(1,387,020)

Capital and reserves

 

Called up share capital

1,000

1,000

Revaluation reserve

25,751

(120,730)

Retained earnings

(1,411,814)

(1,267,290)

Shareholders' deficit

 

(1,385,063)

(1,387,020)

For the financial 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.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

 

A/Political Ltd

(Registration number: 06679500)
Balance Sheet as at 31 December 2023

Approved and authorised by the director on 30 September 2024
 

.........................................
R J Haghpanah-Setchell
Director

 

A/Political Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is: 6 Stannary Street London SE11 4AA.

These financial statements were authorised for issue by the director on 30 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tax

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

 

A/Political Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

tangible assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings 25% on cost
Plant and machinery etc 25% on cost
 

Intangible assets

Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Trademark are being amortised evenly over their estimated useful life of ten years.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 5 (2022 - 5).

4

Loss/profit before tax

Arrived at after charging/(crediting)

2023
£

2022
£

Depreciation expense

406

406

 

A/Political Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

5

Intangible assets

Other intangible assets
 £

Total
£

Cost or valuation

At 1 January 2023

21,676

21,676

Revaluations

12,966

12,966

At 31 December 2023

34,642

34,642

Amortisation

At 1 January 2023

113

113

Amortisation charge

45

45

At 31 December 2023

158

158

Carrying amount

At 31 December 2023

34,484

34,484

At 31 December 2022

21,563

21,563

6

Tangible assets

Office equipment
£

Other tangible assets
 £

Total
£

Cost or valuation

At 1 January 2023

2,573

726,659

729,232

At 31 December 2023

2,573

726,659

729,232

Depreciation

At 1 January 2023

722

-

722

Charge for the year

361

-

361

At 31 December 2023

1,083

-

1,083

Carrying amount

At 31 December 2023

1,490

726,659

728,149

At 31 December 2022

1,851

726,659

728,510

7

Investments

2023
£

2022
£

Other investments

653,344

619,125

 

A/Political Ltd

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023

8

Debtors

Current

2023
£

2022
£

Trade debtors

200,825

170,782

Prepayments

-

500

Other debtors

23,013

53,178

 

223,838

224,460

9

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Loans and borrowings

25,302

25,052

Trade creditors

 

88,657

99,242

Other creditors

 

17,935

17,935

 

131,894

142,229

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

2,933,820

2,933,820

10

Reserves

The changes to each component of equity resulting from items of other comprehensive income for the current year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

12,967

12,967

The changes to each component of equity resulting from items of other comprehensive income for the prior year were as follows:

Revaluation reserve
£

Total
£

Surplus/deficit on revaluation of other assets

(120,730)

(120,730)