COMPANY REGISTRATION NUMBER:
14651824
Filleted Unaudited Financial Statements |
|
Period from 9 February 2023 to 31 March 2024
Statement of financial position |
1 |
|
|
Notes to the financial statements |
2 |
|
|
Statement of Financial Position |
|
31 March 2024
Current assets
Debtors |
5 |
10,343 |
Cash at bank and in hand |
3,309 |
|
-------- |
|
13,652 |
|
|
|
Creditors: amounts falling due within one year |
6 |
124,343 |
|
--------- |
Net current liabilities |
110,691 |
|
--------- |
Total assets less current liabilities |
(
110,691) |
|
--------- |
Net liabilities |
(
110,691) |
|
--------- |
|
|
|
Capital and reserves
Called up share capital |
1 |
Profit and loss account |
(
110,692) |
|
--------- |
Shareholders deficit |
(
110,691) |
|
--------- |
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the period ending 31 March 2024 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 financial statements for the period in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
These financial statements were approved by the
board of directors
and authorised for issue on
8 November 2024
, and are signed on behalf of the board by:
Company registration number:
14651824
Notes to the Financial Statements |
|
Period from 9 February 2023 to 31 March 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Scale Space, 58 Wood Lane, London, W12 7RZ, United Kingdom.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the directors. The Directors have confirmed it is their intention to continue to support the company for a period of at least 12 months from the date of approval of these financial statements.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered stated net of discounts.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to
3
.
5.
Debtors
|
31 Mar 24 |
|
£ |
Other debtors |
10,343 |
|
-------- |
|
|
6.
Creditors:
amounts falling due within one year
|
31 Mar 24 |
|
£ |
Trade creditors |
2,088 |
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
109,612 |
Social security and other taxes |
3,160 |
Other creditors |
9,483 |
|
--------- |
|
124,343 |
|
--------- |
|
|
7.
Controlling party
The company's ultimate parent undertaking,
Koodoo Financial Limited
, is a private limited company incorporated in England and Wales, with it's registered office at Scale Space Imperial College, White City Campus, 58 Wood Lane, London, W12 7RZ
.