Registered number
03432828
ASTORIA LEISURE COMPANY LIMITED
Filleted Accounts
31 December 2023
ASTORIA LEISURE COMPANY LIMITED
Registered number: 03432828
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 73 98
Investments 4 342,000 200,000
342,073 200,098
Current assets
Debtors 5 70,447 2,644
Cash at bank and in hand 12,871 322,507
83,318 325,151
Creditors: amounts falling due within one year 6 (51,091) (123,020)
Net current assets 32,227 202,131
Total assets less current liabilities 374,300 402,229
Creditors: amounts falling due after more than one year 7 (31,849) (30,802)
Net assets 342,451 371,427
Capital and reserves
Called up share capital 3 3
Profit and loss account 342,448 371,424
Shareholders' funds 342,451 371,427
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs C. Charanjit Bains
Director
Approved by the board on 25 November 2024
ASTORIA LEISURE COMPANY LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Plant and machinery 25% Reducing balance method
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
The debtors includes intercompany balance from Amrix Vehicle Limited : £17,803, other debtors £2,644 and other debtor balance for Onkar James for £50,000.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
This includes the balance of VAT : £8,158 , Corporation tax of £7,049, DCA of £18,480 , Bank loan of £31,849, Accrual cost of £840 an Other creditors- Mrs Surinder £5,500.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
There is no corporation tax liability during the year. The total loss carried forward is £22,291.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc Motor vehicles Total
£ £ £
Cost
At 1 January 2023 4,249 572 4,821
At 31 December 2023 4,249 572 4,821
Depreciation
At 1 January 2023 4,151 572 4,723
Charge for the year 25 - 25
At 31 December 2023 4,176 572 4,748
Net book value
At 31 December 2023 73 - 73
At 31 December 2022 98 - 98
4 Investments
Other
investments
£
Cost
At 1 January 2023 200,000
Additions 142,000
At 31 December 2023 342,000
5 Debtors 2023 2022
£ £
Other Debtor - Onkar James 50,000 -
Intercompany - Amrix Vehicles Ltd 17,803 -
Other debtors 2,644 2,644
6 Creditors: amounts falling due within one year 2023 2022
£ £
BBL Loan < 1 year 11,064 11,064
Accruals 840 -
VAT 8,158 12,964
DCA 18,480 88,522
Taxation and social security costs 7,049 4,970
Other creditors - Mrs Surinder 5,500 5,500
51,091 123,020
7 Creditors: amounts falling due after one year 2023 2022
£ £
BBL Loan > 1 year 31,849 30,802
8 Other information
ASTORIA LEISURE COMPANY LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Springfield Taylor Lane
Barwick In Elmet
Leeds
Yorkshire
LS15 4LX
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