REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
OLD LAUNDRY PROJECTS LIMITED |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31 January 2024 |
for |
OLD LAUNDRY PROJECTS LIMITED |
OLD LAUNDRY PROJECTS LIMITED (REGISTERED NUMBER: 02730650) |
Contents of the Financial Statements |
for the year ended 31 January 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
OLD LAUNDRY PROJECTS LIMITED |
Company Information |
for the year ended 31 January 2024 |
Directors: |
Secretary: |
Registered office: |
Registered number: |
Accountants: |
Accountants |
Northern Assurance Buildings |
9-21 Princess Street |
Manchester |
M2 4DN |
OLD LAUNDRY PROJECTS LIMITED (REGISTERED NUMBER: 02730650) |
Balance Sheet |
31 January 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
Fixed assets |
Tangible assets | 5 |
Creditors |
Amounts falling due within one year | 6 |
Net current liabilities | ( |
) | ( |
) |
Total assets less current liabilities | ( |
) | ( |
) |
Reserves |
Income and expenditure account | ( |
) | ( |
) |
( |
) | ( |
) |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its surplus or deficit for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors and authorised for issue on |
OLD LAUNDRY PROJECTS LIMITED (REGISTERED NUMBER: 02730650) |
Notes to the Financial Statements |
for the year ended 31 January 2024 |
1. | Statutory information |
Old Laundry Projects Limited is a |
2. | Statement of compliance |
3. | Accounting policies |
Basis of preparing the financial statements |
The company had net liabilities as at 31 January 2024. The company is dependent, in the absence of other funding, on the continued support of its directors. The directors have confirmed their commitment to provide the necessary support. On this basis the directors consider it appropriate to prepare the financial statements on the going concern basis. The financial statements do not include any adjustments that might be necessary if the directors were not to provide further support. |
Tangible fixed assets |
Short leasehold | - |
Tangible assets are stated at cost less accumulated depreciation and accumulated impairment losses. Cost includes the original purchase price and costs directly attributable to bringing the asset to its working condition for its intended use. |
Financial instruments |
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments. |
(i) Financial liabilities |
Basic financial liabilities, including other creditors, that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. |
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. |
4. | Employees and directors |
The average number of employees during the year was NIL (2023 - NIL). |
OLD LAUNDRY PROJECTS LIMITED (REGISTERED NUMBER: 02730650) |
Notes to the Financial Statements - continued |
for the year ended 31 January 2024 |
5. | Tangible fixed assets |
Fixtures |
Short | and |
leasehold | fittings | Totals |
£ | £ | £ |
Cost |
At 1 February 2023 |
and 31 January 2024 |
Depreciation |
At 1 February 2023 |
and 31 January 2024 |
Net book value |
At 31 January 2024 |
At 31 January 2023 |
6. | Creditors: amounts falling due within one year |
2024 | 2023 |
£ | £ |
Other creditors |
Directors' current accounts | 80,038 | 80,038 |
Accrued expenses |
7. | Related party disclosures |
Directors of Old Laundry Projects Limited |
2024 | 2023 |
£ | £ |
Other creditors | 80,038 | 80,038 |
The above loans are interest free and repayable on demand. |
8. | Limited by guarantee |
The company is a private company limited by guarantee and consequently does not have a share capital. Each of the members is liable to contribute an amount not exceeding £nil towards the assets of the company in the event of liquidation. |