Company Registration No. 07172283 (England and Wales)
FRONTIER MEA LTD
Unaudited accounts
for the year ended 31 March 2024
FRONTIER MEA LTD
Unaudited accounts
Contents
FRONTIER MEA LTD
Company Information
for the year ended 31 March 2024
Director
Alexander James Warren
Company Number
07172283 (England and Wales)
Registered Office
INTERNATIONAL HOUSE
36-38 Cornhill
LONDON
EC3V 3NG
ENGLAND
Accountants
BetterBooks Solutions Limited
160 Kemp House
City Road
London
EC1V 2NX
FRONTIER MEA LTD
Accountants' report
Accountants' report to the director of FRONTIER MEA LTD on the preparation of the unaudited statutory accounts for the year ended 31 March 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of
FRONTIER MEA LTD for the year ended
31 March 2024 as set out on pages
5 -
6 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of FRONTIER MEA LTD, as a body, in accordance with the terms of our engagement letter dated 5 July 2021. Our work has been undertaken solely to prepare for your approval the accounts of FRONTIER MEA LTD and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than FRONTIER MEA LTD and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that FRONTIER MEA LTD has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of FRONTIER MEA LTD. You consider that FRONTIER MEA LTD is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of FRONTIER MEA LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
BetterBooks Solutions Limited
160 Kemp House
City Road
London
EC1V 2NX
29 October 2024
FRONTIER MEA LTD
Statement of financial position
as at 31 March 2024
Investments
197,978
395,093
Cash at bank and in hand
1,919
1,924
Creditors: amounts falling due within one year
(7,666)
(7,666)
Net current assets
37,954
37,960
Net assets
235,932
433,053
Called up share capital
3
3
Share premium
247,499
247,499
Revaluation reserve
181,968
379,083
Profit and loss account
(193,538)
(193,532)
Shareholders' funds
235,932
433,053
For the year ending 31 March 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 director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 October 2024 and were signed on its behalf by
Alexander James Warren
Director
Company Registration No. 07172283
FRONTIER MEA LTD
Notes to the Accounts
for the year ended 31 March 2024
FRONTIER MEA LTD is a private company, limited by shares, registered in England and Wales, registration number 07172283. The registered office is INTERNATIONAL HOUSE, 36-38 Cornhill, LONDON, EC3V 3NG, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
The value of the investment, which consists of shares held in another company, has been reduced as a result of deteriorating performance and local market conditions. Turnover in the financial year ending 31 March 2024 was down approximately 52% on levels in 2021 and 2022, with net losses posted in y/e 31 March 2024 and y/e 31 March 2023. Management has therefore reduced its estimate of investment's value accordingly, using a valuation based on equivalent to 1x the company's turnover.
4
Tangible fixed assets
Total
5
Average number of employees
During the year the average number of employees was 1 (2023: 1).