1 28/02/2024 2024-02-28 false false false false false false false false false false true false false true false false false false false true false No description of principal activities is disclosed 2023-02-18 Sage Accounts Production 21.0 - FRS102_2021 xbrli:pure xbrli:shares iso4217:GBP 14673229 2023-02-18 2024-02-28 14673229 2024-02-28 14673229 bus:RegisteredOffice 2023-02-18 2024-02-28 14673229 bus:LeadAgentIfApplicable 2023-02-18 2024-02-28 14673229 bus:Director1 2023-02-18 2024-02-28 14673229 core:LandBuildings core:OwnedOrFreeholdAssets 2024-02-28 14673229 core:AfterOneYear 2024-02-28 14673229 core:WithinOneYear 2024-02-28 14673229 core:ShareCapital 2024-02-28 14673229 core:RetainedEarningsAccumulatedLosses 2024-02-28 14673229 core:LandBuildings core:OwnedOrFreeholdAssets 2023-02-18 2024-02-28 14673229 bus:Director1 2024-02-28 14673229 bus:SmallEntities 2023-02-18 2024-02-28 14673229 bus:AuditExemptWithAccountantsReport 2023-02-18 2024-02-28 14673229 bus:FullAccounts 2023-02-18 2024-02-28 14673229 bus:SmallCompaniesRegimeForAccounts 2023-02-18 2024-02-28 14673229 bus:PrivateLimitedCompanyLtd 2023-02-18 2024-02-28
Company registration number: 14673229
NOTCONFORM LTD
Unaudited filleted financial statements
28 February 2024
NOTCONFORM LTD
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
NOTCONFORM LTD
Directors and other information
Director Ms Chia-Yi Li (Appointed 18 February 2023)
Company number 14673229
Registered office 71-75 Shelton Street
Covent Garden
London
WC2H 9JQ
Accountants Leftley Rowe & Co
2nd Floor
107 Charterhouse Street
London
WC1M 6HW
NOTCONFORM LTD
Chartered accountants report to the director on the preparation of the
unaudited statutory financial statements of NOTCONFORM LTD
Period ended 28 February 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of NOTCONFORM LTD for the period ended 28 February 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the director of NOTCONFORM LTD, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of NOTCONFORM LTD and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than NOTCONFORM LTD and its director as a body for our work or for this report.
It is your duty to ensure that NOTCONFORM LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of NOTCONFORM LTD. You consider that NOTCONFORM LTD is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of NOTCONFORM 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 financial statements.
Leftley Rowe & Co
Chartered Accountant
2nd Floor
107 Charterhouse Street
London
WC1M 6HW
5 November 2024
NOTCONFORM LTD
Statement of financial position
28 February 2024
28/02/24
Note £ £
Fixed assets
Tangible assets 5 370,497
_______
370,497
Current assets
Cash at bank and in hand 1,925
_______
1,925
Creditors: amounts falling due
within one year 6 ( 150)
_______
Net current assets 1,775
_______
Total assets less current liabilities 372,272
Creditors: amounts falling due
after more than one year 7 ( 377,463)
_______
Net liabilities ( 5,191)
_______
Capital and reserves
Called up share capital 1
Profit and loss account ( 5,192)
_______
Shareholders deficit ( 5,191)
_______
For the period ending 28 February 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 their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
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.
These financial statements were approved by the board of directors and authorised for issue on 05 November 2024 , and are signed on behalf of the board by:
Ms Chia-Yi Li
Director
Company registration number: 14673229
NOTCONFORM LTD
Notes to the financial statements
Period ended 28 February 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 71-75 Shelton Street, Covent Garden, London, WC2H 9JQ.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and 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.
Taxation
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in the statement of comprehensive income, except to the extent that it relates to items recognised in other comprehensive income or directly in capital and reserves. In this case, tax is recognised in other comprehensive income or directly in capital and reserves, 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.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in capital and reserves, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. Employee numbers
The average number of persons employed by the company during the period amounted to 1
5. Tangible assets
Freehold property Total
£ £
Cost
At 18 February 2023 - -
Additions 370,497 370,497
_______ _______
At 28 February 2024 370,497 370,497
_______ _______
Depreciation
At 18 February 2023 and 28 February 2024 - -
_______ _______
Carrying amount
At 28 February 2024 370,497 370,497
_______ _______
6. Creditors: amounts falling due within one year
28/02/24
£
Other creditors 150
_______
7. Creditors: amounts falling due after more than one year
28/02/24
£
Bank loans and overdrafts 262,480
Other creditors 114,983
_______
377,463
_______
8. Directors advances, credits and guarantees
During the period the director entered into the following advances and credits with the company:
Period ended 28/02/24
Balance brought forward Advances /(credits) to the director Balance o/standing
£ £ £
Ms Chia-Yi Li - ( 114,983) ( 114,983)
_______ _______ _______