for the Period Ended 31 May 2024
Company Information - 3 | |
Report of the Directors - 4 | |
Profit and Loss Account - 5 | |
Balance sheet - 6 | |
Additional notes - 8 | |
Balance sheet notes - 11 |
for the Period Ended 31 May 2024
Director: |
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Registered office: |
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Company Registration Number: |
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The directors present their report with the financial statements of the company for the period ended 31 May 2024
Principal Activities
Political and charitable donations
Company policy on the employment of disabled persons
Additional information
The Directors present their report and unaudited accounts for the period ended 31 May 2024. Principal activities: The principal activity of the company during the financial period was holding investment property. The company has been set up as a Special Purpose Vehicle for this. Audit exemption: Frank & Terence Ltd has taken advantage of the exemption under Section 477 of the Companies Act 2006 and these financial statements are therefore unaudited. Directors: The directors who served the company throughout the period were as follows: Hygenus Valentine Fausta Valentine Statement of Directors' responsibilities: The directors are responsible for preparing the financial statements in accordance with applicable law and regulations. Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice(Financial Reporting Standard 102 and applicable law). The financial statements are required by law to give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: - select suitable accounting policies and then apply them consistently; - make judgements and estimates that are reasonable and prudent; -state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The directors are responsible for keeping proper accounting records that disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The directors are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. The directors at the date of approval of this report each confirm that: - so far as the directors are aware, there is no relevant information of which the company’s auditor is unaware; and - the directors have taken all the steps that they ought to have taken in order to make themselves aware of any relevant audit information and to establish that the company’s auditor is aware of that information. Small company regime: This report has been prepared in accordance with the special provisions relating to companies subject to the small companies regime with Part 15 of the Companies Act 2006. Signed on behalf of the Board - (Hygenus Valentine - Director) Date approved: 31 May 2024
Directors
The directors shown below have held office during the whole of the period from 01 June 2023 to 31 May 2024
This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
for the Period Ended 31 May 2024
Notes |
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2023 £ |
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Turnover |
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Cost of sales |
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Gross Profit or (Loss) |
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Income from coronavirus (COVID-19) business support grants | 0 | 0 | |
Distribution Costs |
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Administrative Expenses |
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Other operating income |
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Operating Profit or (Loss) |
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Interest Receivable and Similar Income |
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Interest Payable and Similar Charges |
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Profit or (Loss) Before Tax |
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Profit or (Loss) for Period |
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The notes form part of these financial statements
As at
Notes |
2024 £ |
2023 £ |
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Fixed assets | |||
Tangible assets: | 4 |
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Total fixed assets: |
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Current assets | |||
Cash at bank and in hand: |
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Total current assets: |
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Creditors: amounts falling due within one year: | 5 |
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Net current assets (liabilities): |
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Total assets less current liabilities: |
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Creditors: amounts falling due after more than one year: | 6 |
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Total net assets (liabilities): |
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The notes form part of these financial statements
As at 31 May 2024
Notes |
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2023 £ |
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Capital and reserves | |||
Called up share capital: |
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Revaluation reserve: | 7 |
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Profit and loss account: |
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Shareholders funds: |
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This report was approved by the board of directors on
And Signed On Behalf Of The Board By:
Name:
Status: Director
The notes form part of these financial statements
for the Period Ended 31 May 2024
Basis of measurement and preparation
for the Period Ended 31 May 2024
2024 |
2023 |
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Average number of employees during the period |
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for the Period Ended 31 May 2024
for the Period Ended 31 May 2024
Land & buildings | Total | |
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Cost | £ | £ |
At 01 June 2023 |
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Additions | - | - |
Disposals | - | - |
Revaluations | - | - |
Transfers | - | - |
At 31 May 2024 |
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Depreciation | ||
At 01 June 2023 | - | - |
Charge for year | - | - |
On disposals | - | - |
Other adjustments | - | - |
At 31 May 2024 | - | - |
Net book value | ||
At 31 May 2024 |
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At 31 May 2023 |
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for the Period Ended 31 May 2024
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2023 £ |
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Trade creditors |
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Total |
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for the Period Ended 31 May 2024
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2023 £ |
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Bank loans and overdrafts |
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Total |
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for the Period Ended 31 May 2024
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Balance at 01 June 2023 |
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Surplus or deficit after revaluation |
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Balance at 31 May 2024 |
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