COMPANY REGISTRATION NUMBER:
09832391
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 April 2024
Fixed assets
Tangible assets |
5 |
|
506,342 |
506,342 |
|
|
|
|
|
Current assets
Cash at bank and in hand |
4,046 |
|
4,869 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
514,824 |
|
514,649 |
|
--------- |
|
--------- |
Net current liabilities |
|
510,778 |
509,780 |
|
|
--------- |
--------- |
Total assets less current liabilities |
|
(
4,436) |
(
3,438) |
|
|
------- |
------- |
Net liabilities |
|
(
4,436) |
(
3,438) |
|
|
------- |
------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
100 |
100 |
Profit and loss account |
|
(
4,536) |
(
3,538) |
|
|
------- |
------- |
Shareholders deficit |
|
(
4,436) |
(
3,438) |
|
|
------- |
------- |
|
|
|
|
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 income and retained earnings has not been delivered.
For the year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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
22 January 2025
, and are signed on behalf of the board by:
Company registration number:
09832391
Notes to the Financial Statements |
|
Year ended 30 April 2024
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Bridge Park, Shawlands Lane, High Halden, Ashford, Kent, TN26 3JA, United Kingdom.
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
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
It is the intention of the Directors to financially support the company and therefore the accounts are prepared on a going concern basis.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
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 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. Investment property is initially recorded 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
During the year, the average number of employees were 4 (2023: 4)
5.
Tangible assets
|
Land and buildings |
|
£ |
Cost |
|
At 1 May 2023 and 30 April 2024 |
506,342 |
|
--------- |
Depreciation |
|
At 1 May 2023 and 30 April 2024 |
– |
|
--------- |
Carrying amount |
|
At 30 April 2024 |
506,342 |
|
--------- |
At 30 April 2023 |
506,342 |
|
--------- |
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
514,824 |
514,649 |
|
--------- |
--------- |
|
|
|
7.
Related party transactions
At the year end the company owes the directors £513,599 (2023: £513,599), no interest was charged on this balance.