1 July 2023 v2024.60.2 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP052091782023-07-012024-06-30052091782024-06-30052091782023-06-3005209178core:WithinOneYear2024-06-3005209178core:WithinOneYear2023-06-3005209178core:ShareCapital2024-06-3005209178core:ShareCapital2023-06-3005209178core:OtherReservesSubtotal2024-06-3005209178core:RetainedEarningsAccumulatedLosses2024-06-3005209178core:RetainedEarningsAccumulatedLosses2023-06-3005209178bus:Director12023-07-012024-06-3005209178bus:RegisteredOffice2023-07-012024-06-3005209178core:OfficeEquipment2023-07-012024-06-30052091782022-07-012023-06-3005209178core:LandBuildings2023-07-0105209178core:PlantMachinery2023-07-01052091782023-07-0105209178core:LandBuildings2023-07-012024-06-3005209178core:LandBuildings2024-06-3005209178core:PlantMachinery2024-06-3005209178core:PlantMachinery2023-07-012024-06-3005209178core:LandBuildings2023-06-3005209178core:PlantMachinery2023-06-300520917812023-07-012024-06-3005209178countries:EnglandWales2023-07-012024-06-3005209178bus:AuditExemptWithAccountantsReport2023-07-012024-06-3005209178bus:PrivateLimitedCompanyLtd2023-07-012024-06-3005209178bus:SmallEntities2023-07-012024-06-3005209178bus:FullAccounts2023-07-012024-06-30
Company registration number:
05209178
Self Two Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Self Two Limited
Report to the board of directors on the preparation of the unaudited statutory financial statements of Self Two Limited
Year ended
30 June 2024
As described on the statement of financial position, the Board of Directors of
Self Two Limited
are responsible for the preparation of the
financial statements
for the year ended
30 June 2024
, which comprise the income statement, statement of total comprehensive income, statement of financial position, statement of changes in equity and related notes.
You consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions I have compiled these unaudited financial statements in order to assist you to fulfil your statutory responsibilities, from the accounting records and from information and explanations supplied to me.
Atkinson Accounts
Egerton House
55 Hoole Road
Chester
CH2 3NJ
United Kingdom
Self Two Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
482,220
 
380,089
 
Current assets    
Debtors 6 -  
1,396
 
Cash at bank and in hand
3,483
 
12,794
 
3,483
 
14,190
 
Creditors: amounts falling due within one year 7
(99,910
)
(132,757
)
Net current liabilities
(96,427
)
(118,567
)
Total assets less current liabilities 385,793   261,522  
Capital and reserves    
Called up share capital
2
 
2
 
Other reserves
102,204
  -  
Profit and loss account
283,587
 
261,520
 
Shareholders funds
385,793
 
261,522
 
For the year ending
30 June 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 year 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.
In accordance with Section 444 of the Companies Act 2006, the income statement has not been delivered.
These
financial statements
were approved by the board of directors and authorised for issue on
18 November 2024
, and are signed on behalf of the board by:
A Romeling
Director
Company registration number:
05209178
Self Two Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
12a White Friars
,
Chester
,
Cheshire
,
CH1 1NZ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to 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 assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.

Current tax

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.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount 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. However, the increase is recognised in profit or loss to the extent that 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. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Office equipment
25% reducing balance

Investment properties

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.

Defined contribution pension plan

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.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2.00
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost or valuation      
At
1 July 2023
379,796
 
6,835
 
386,631
 
Revaluations
102,204
  -  
102,204
 
At
30 June 2024
482,000
 
6,835
 
488,835
 
Depreciation      
At
1 July 2023
-  
6,542
 
6,542
 
Charge -  
73
 
73
 
At
30 June 2024
-  
6,615
 
6,615
 
Carrying amount      
At
30 June 2024
482,000
 
220
 
482,220
 
At 30 June 2023
379,796
 
293
 
380,089
 

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Carrying amount at
1 July 2023
379,796
 
Fair value adjustments
102,204
 
Carrying amount at
30 June 2024
482,000
 

6 Debtors

20242023
££
Trade debtors -  
1,396
 

7 Creditors: amounts falling due within one year

20242023
££
Taxation and social security
13,179
 
26,025
 
Other creditors
86,731
 
106,732
 
99,910
 
132,757
 

8 Fair value reserve

Included within other reserves is the fair value reserve as follows:
20242023
££
At start of year -   -  
Other movements in other comprehensive income 102,204   -  
At end of year 102,204   -