Registration number:
A/Political Ltd
for the Year Ended 31 December 2023
A/Political Ltd
Contents
Company Information |
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Director's Report |
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Profit and Loss Account |
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Statement of Comprehensive Income |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
A/Political Ltd
Company Information
Director |
R J Haghpanah-Setchell |
Registered office |
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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:
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
......................................... |
A/Political Ltd
Profit and Loss Account for the Year Ended 31 December 2023
Note |
2023 |
2022 |
|
Turnover |
|
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Cost of sales |
( |
( |
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Gross profit |
|
|
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Distribution costs |
( |
( |
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Administrative expenses |
( |
( |
|
Operating (loss)/profit |
(55,464) |
131,469 |
|
Other interest receivable and similar income |
|
|
|
Interest payable and similar expenses |
( |
- |
|
34,017 |
34,267 |
||
(Loss)/profit before tax |
( |
|
|
(Loss)/profit for the financial year |
( |
|
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 |
( |
|
Surplus/(deficit) on revaluation of other assets |
|
( |
Total comprehensive income for the year |
( |
|
A/Political Ltd
(Registration number: 06679500)
Balance Sheet as at 31 December 2023
Note |
2023 |
2022 |
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Fixed assets |
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Intangible assets |
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Tangible assets |
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Investments |
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|
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Current assets |
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Debtors |
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Cash at bank and in hand |
|
|
|
|
|
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Creditors: Amounts falling due within one year |
( |
( |
|
Net current assets |
|
|
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Total assets less current liabilities |
|
|
|
Creditors: Amounts falling due after more than one year |
( |
( |
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Net liabilities |
( |
( |
|
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 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:
• |
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• |
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
......................................... |
A/Political Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
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.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Loss/profit before tax |
Arrived at after charging/(crediting)
2023 |
2022 |
|
Depreciation expense |
|
|
A/Political Ltd
Notes to the Unaudited Financial Statements for the Year Ended 31 December 2023
Intangible assets |
Other intangible assets |
Total |
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Cost or valuation |
||
At 1 January 2023 |
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Revaluations |
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At 31 December 2023 |
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Amortisation |
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At 1 January 2023 |
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Amortisation charge |
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At 31 December 2023 |
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Carrying amount |
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At 31 December 2023 |
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At 31 December 2022 |
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Tangible assets |
Office equipment |
Other tangible assets |
Total |
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Cost or valuation |
|||
At 1 January 2023 |
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At 31 December 2023 |
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|
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Depreciation |
|||
At 1 January 2023 |
|
- |
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Charge for the year |
|
- |
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At 31 December 2023 |
|
- |
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Carrying amount |
|||
At 31 December 2023 |
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|
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At 31 December 2022 |
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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
Debtors |
Current |
2023 |
2022 |
Trade debtors |
|
|
Prepayments |
- |
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Other debtors |
|
|
|
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Creditors |
Creditors: amounts falling due within one year
Note |
2023 |
2022 |
|
Due within one year |
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Loans and borrowings |
|
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Trade creditors |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2023 |
2022 |
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Due after one year |
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Loans and borrowings |
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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 |
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Surplus/deficit on revaluation of other assets |
|
|
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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 |
( |
( |
|