Registered number
12223374
Cultural Living Group Ltd
Filleted Accounts
30 September 2024
Cultural Living Group Ltd
Registered number: 12223374
Balance Sheet
as at 30 September 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 825,170 614,365
Current assets
Debtors 4 - 36,980
Cash at bank and in hand 15,454 34,772
15,454 71,752
Creditors: amounts falling due within one year 5 (5,157) (2,899)
Net current assets 10,297 68,853
Total assets less current liabilities 835,467 683,218
Creditors: amounts falling due after more than one year 6 (813,844) (672,019)
Net assets 21,623 11,199
Capital and reserves
Called up share capital 100 100
Profit and loss account 21,523 11,099
Shareholders' funds 21,623 11,199
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.
Jawed Iqbal Ahmed Siddiqi
Director
Approved by the board on 20 December 2024
Cultural Living Group Ltd
Notes to the Accounts
for the year ended 30 September 2024
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.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 October 2023 614,365
Additions 210,805
At 30 September 2024 825,170
Depreciation
At 30 September 2024 -
Net book value
At 30 September 2024 825,170
At 30 September 2023 614,365
4 Debtors 2024 2023
£ £
Other debtors - 36,980
5 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,207 550
Taxation and social security costs 2,950 2,349
5,157 2,899
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 447,119 447,119
Other creditors 366,725 224,900
813,844 672,019
7 Other information
Cultural Living Group Ltd is a private company limited by shares and incorporated in England. Its registered office is:
2 Nortan Hall Stables
Norton Church Road
Sheffield
S8 8JQ
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