COMPANY REGISTRATION NUMBER:
13666910
Filleted Unaudited Abridged Financial Statements |
|
Abridged Statement of Financial Position |
|
30 June 2024
Fixed Assets
Current Assets
Creditors: amounts falling due within one year |
55,732 |
2,777 |
|
-------- |
------- |
Net Current Liabilities |
55,731 |
2,776 |
|
-------- |
------- |
Total Assets Less Current Liabilities |
(
55,431) |
(
2,476) |
|
-------- |
------- |
|
|
|
Capital and Reserves
Called up share capital |
6 |
1 |
1 |
Profit and loss account |
(
55,432) |
(
2,477) |
|
-------- |
------- |
Shareholders Deficit |
(
55,431) |
(
2,476) |
|
-------- |
------- |
|
|
|
|
These abridged 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 abridged statement of income and retained earnings has not been delivered.
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 abridged financial statements for the year in question in accordance with section 476
;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.
Abridged Statement of Financial Position (continued) |
|
30 June 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 February 2025
, and are signed on behalf of the board by:
Company registration number:
13666910
Notes to the Abridged Financial Statements |
|
Year Ended 30 June 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 27 Gander Lane, Barlborough, Chesterfield, Derbyshire, S43 4PZ.
2.
Statement of compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The entity has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the entity and its subsidiary undertakings comprise a small group.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. 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. Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2023:
1
).
5.
Investments
|
£ |
Cost |
|
At 1 July 2023 and 30 June 2024 |
300 |
|
---- |
Impairment |
|
At 1 July 2023 and 30 June 2024 |
– |
|
---- |
Carrying amount |
|
At 30 June 2024 |
300 |
|
---- |
At 30 June 2023 |
300 |
|
---- |
|
|
6.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
Ordinary shares of £ 1 each |
1 |
1 |
1 |
1 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
7.
Related party transactions
During the year the company provided and received short term loans to and from related parties. The balances outstanding due from/(to) related parties at 30 June 2024 are as follows:
|
|
2024 |
2023 |
|
|
£ |
£ |
|
Amounts due from entities holding a controlling interest |
1 |
1 |
|
Amounts due to entities holding a controlling interest |
(55,732) |
(2,777) |
|
|
|
|
Outstanding balances are unsecured, interest free and repayable on demand.
8.
Controlling party
The ultimate parent company and controlling party is Experion Holdings Guernsey Limited, a company incorporated in Guernsey. Experion Holdings Guernsey Limited is registered with the Guernsey Registrar of Companies under number 70404. It's registered office is 4th Floor, West Wing, Trafalgar Court, Admiral Park, St Peter Port, Guernsey, GY1 2JA.