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Registered number: 09970140
Frontier Development Holdings Limited
Unaudited Financial Statements
For The Year Ended 31 January 2024
Engage Accountancy Limited
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2
Page 1
Balance Sheet
Registered number: 09970140
2024 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 4 449,669 449,669
Cash at bank and in hand 100 100
449,769 449,769
Creditors: Amounts Falling Due Within One Year 5 (175,776 ) (169,302 )
NET CURRENT ASSETS (LIABILITIES) 273,993 280,467
TOTAL ASSETS LESS CURRENT LIABILITIES 273,993 280,467
NET ASSETS 273,993 280,467
CAPITAL AND RESERVES
Called up share capital 6 100 100
Profit and Loss Account 273,893 280,367
SHAREHOLDERS' FUNDS 273,993 280,467
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Ian Harris
Director
17/10/2024
The notes on page 2 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Frontier Development Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 09970140 . The registered office is 3 Bear Hill, Alvechurch, Birmingham, Worcestershire, B48 7JX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Debtors
2024 2023
£ £
Due within one year
Deferred consideration 135,000 135,000
Amounts owed by controlling party 314,669 179,669
449,669 314,669
Due after more than one year
Deferred consideration due in more than one year - 135,000
449,669 449,669
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 167,802 167,802
Other creditors 5,224 -
Accruals and deferred income 2,750 1,500
175,776 169,302
6. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
7. Ultimate Controlling Party
The company's ultimate controlling party is Birmingham City Council by virtue of its ownership of 100% of the issued share capital in the company.
Page 2