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Registration number: 08485657

Concord Pursuits Ltd

Unaudited Filleted Financial Statements

for the Year Ended 29 February 2024

 

Concord Pursuits Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Financial Statements

4 to 7

 

Concord Pursuits Ltd

Company Information

Director

Mr Thomas Critchley

Registered office

Kerrywood
Horse Gate Ride
Ascot
Berks
SL5 9LS

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

Concord Pursuits Ltd

(Registration number: 08485657)
Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

1,288

769

Current assets

 

Debtors

5

118,077

89,942

Cash at bank and in hand

 

15,237

46,058

 

133,314

136,000

Creditors: Amounts falling due within one year

6

(11,934)

(46,920)

Net current assets

 

121,380

89,080

Net assets

 

122,668

89,849

Capital and reserves

 

Called up share capital

7

124

124

Share premium reserve

149,985

149,985

Retained earnings

(27,441)

(60,260)

Shareholders' funds

 

122,668

89,849

For the financial year ending 29 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

 

Concord Pursuits Ltd

(Registration number: 08485657)
Balance Sheet as at 29 February 2024

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 29 November 2024
 

.........................................
Mr Thomas Critchley
Director

 

Concord Pursuits Ltd

Notes to the Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
Kerrywood
Horse Gate Ride
Ascot
Berks
SL5 9LS
England

These financial statements were authorised for issue by the director on 29 November 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Judgements

The director considers that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Concord Pursuits Ltd

Notes to the Financial Statements for the Year Ended 29 February 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% straight line

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables, cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Concord Pursuits Ltd

Notes to the Financial Statements for the Year Ended 29 February 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 March 2023

4,307

4,307

Additions

825

825

At 29 February 2024

5,132

5,132

Depreciation

At 1 March 2023

3,538

3,538

Charge for the year

306

306

At 29 February 2024

3,844

3,844

Carrying amount

At 29 February 2024

1,288

1,288

At 28 February 2023

769

769

 

Concord Pursuits Ltd

Notes to the Financial Statements for the Year Ended 29 February 2024

5

Debtors

2024
£

2023
£

Trade debtors

21,253

7,333

Prepayments

166

-

Other debtors

96,658

82,609

118,077

89,942

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Trade creditors

914

35,900

Accruals and deferred income

1,020

1,020

Other creditors

10,000

10,000

11,934

46,920

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary shares of £0.001 each

124,111

124.11

124,111

124.11

         

8

Related party transactions

At the year end the company was owed by the director £96,658 (2023: £77,883).