REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Period 22 March 2023 to 31 August 2024 |
for |
The Exchange 1856 Limited |
REGISTERED NUMBER: |
Report of the Director and |
Unaudited Financial Statements for the Period 22 March 2023 to 31 August 2024 |
for |
The Exchange 1856 Limited |
The Exchange 1856 Limited (Registered number: 14749618) |
Contents of the Financial Statements |
for the Period 22 March 2023 to 31 August 2024 |
Page |
Company Information | 1 |
Report of the Director | 2 |
Income Statement | 3 |
Balance Sheet | 4 |
Notes to the Financial Statements | 6 |
The Exchange 1856 Limited |
Company Information |
for the Period 22 March 2023 to 31 August 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
29 Howard Street |
North Shields |
Tyne and Wear |
NE30 1AR |
The Exchange 1856 Limited (Registered number: 14749618) |
Report of the Director |
for the Period 22 March 2023 to 31 August 2024 |
The director presents his report with the financial statements of the company for the period 22 March 2023 to 31 August 2024. |
INCORPORATION |
The company was incorporated on 22 March 2023 and commenced trading on the same date. |
PRINCIPAL ACTIVITY |
The principal activity of the company in the period under review was that of managing a multi purpose property creating a venue for food, drinks, live music, events, celebrations, weddings, fitness and working. |
DIRECTOR |
The director, being eligible, offers himself for election at the forthcoming first Annual General Meeting. |
This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
ON BEHALF OF THE BOARD: |
The Exchange 1856 Limited (Registered number: 14749618) |
Income Statement |
for the Period 22 March 2023 to 31 August 2024 |
Notes | £ |
TURNOVER |
Cost of sales |
GROSS PROFIT |
Administrative expenses |
OPERATING LOSS | 4 | ( |
) |
Interest receivable and similar income |
LOSS BEFORE TAXATION | ( |
) |
Tax on loss |
LOSS FOR THE FINANCIAL PERIOD | ( |
) |
The Exchange 1856 Limited (Registered number: 14749618) |
Balance Sheet |
31 August 2024 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 5 |
CURRENT ASSETS |
Stocks |
Debtors | 6 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
NET LIABILITIES | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The Exchange 1856 Limited (Registered number: 14749618) |
Balance Sheet - continued |
31 August 2024 |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the director and authorised for issue on |
The Exchange 1856 Limited (Registered number: 14749618) |
Notes to the Financial Statements |
for the Period 22 March 2023 to 31 August 2024 |
1. | STATUTORY INFORMATION |
The Exchange 1856 Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Tangible fixed assets |
Improvements to property | - |
Plant and machinery | - |
Fixtures and fittings | - |
Computer equipment | - |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Hire purchase and leasing commitments |
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease. |
Pension costs and other post-retirement benefits |
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
4. | OPERATING LOSS |
The operating loss is stated after charging: |
£ |
Depreciation - owned assets |
The Exchange 1856 Limited (Registered number: 14749618) |
Notes to the Financial Statements - continued |
for the Period 22 March 2023 to 31 August 2024 |
5. | TANGIBLE FIXED ASSETS |
Improvements | Fixtures |
to | Plant and | and | Computer |
property | machinery | fittings | equipment | Totals |
£ | £ | £ | £ | £ |
COST |
Additions |
At 31 August 2024 |
DEPRECIATION |
Charge for period |
At 31 August 2024 |
NET BOOK VALUE |
At 31 August 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
Other debtors |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
£ |
Other creditors |