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COMPANY REGISTRATION NUMBER: 02547271
Semiman Limited
Company Limited by Guarantee
Filleted Unaudited Financial Statements
31 October 2024
Semiman Limited
Company Limited by Guarantee
Statement of Financial Position
31 October 2024
2024
2023
Note
£
£
Fixed assets
Tangible assets
5
27,186
27,186
--------
--------
Total assets less current liabilities
27,186
27,186
--------
--------
Capital and reserves
Profit and loss account
27,186
27,186
--------
--------
Members funds
27,186
27,186
--------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 7 January 2025 , and are signed on behalf of the board by:
Mrs L Simmons
Director
Company registration number: 02547271
Semiman Limited
Company Limited by Guarantee
Notes to the Financial Statements
Year ended 31 October 2024
1. General information
The company is a private company limited by guarantee, registered in England and Wales. The address of the registered office is C/O Elliot, Woolfe & Rose Limited, Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
In accordance with the recommendations of the Association of Residential Managing Agents, and the Institute of Chartered Accountants in England and Wales, taking into account various provisions contained in Section 42 of the Landlord and Tenant Act 1987, all service charge monies are deemed to be held in trust by the company. All such transactions are presented in a separate Statement of Account for Service Charges.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in members funds during the current year or prior year.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts 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 equity, except to the extent 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 equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Impairment of fixed assets
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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4. Company limited by guarantee
The company is limited by guarantee of its members and does not have a share capital. The extent of the guarantee is £160. During the year, the extent of the guarantees provided by the directors were £10 from Mr and Mrs Simmons.
5. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Cost
At 1 November 2023 and 31 October 2024
27,185
750
27,935
--------
----
--------
Depreciation
At 1 November 2023 and 31 October 2024
749
749
--------
----
--------
Carrying amount
At 31 October 2024
27,185
1
27,186
--------
----
--------
At 31 October 2023
27,185
1
27,186
--------
----
--------