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COMPANY REGISTRATION NUMBER: 14430207
Connect One Ltd
Filleted Unaudited Financial Statements
30 September 2024
Connect One Ltd
Financial Statements
Year ended 30 September 2024
Contents
Pages
Balance sheet
1
Notes to the financial statements
2 to 3
Connect One Ltd
Balance Sheet
30 September 2024
2024
2023
Note
£
£
Fixed assets
Investments
4
12,237,295
Current assets
Cash at bank and in hand
1
Creditors: amounts falling due within one year
5
749
----
----
Net current (liabilities)/assets
( 749)
1
-------------
----
Total assets less current liabilities
12,236,546
1
-------------
----
Net assets
12,236,546
1
-------------
----
Capital and reserves
Called up share capital
6
1,000,060
1
Share premium account
10,999,940
Merger relief reserve
177,285
Profit and loss account
59,261
-------------
----
Shareholders funds
12,236,546
1
-------------
----
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 profit and loss account has not been delivered.
For the year ending 30 September 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 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 financial statements .
These financial statements were approved by the board of directors and authorised for issue on 25 February 2025 , and are signed on behalf of the board by:
Mr T Stokes
Director
Company registration number: 14430207
Connect One Ltd
Notes to the Financial Statements
Year ended 30 September 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 Tcb House, Clywedog Road South, Wrexham, Wales, LL13 9XS.
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. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest £.
Consolidation
The company 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 company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. The basic financial instruments of the company are as follows: Creditors Creditors are not interest bearing and are stated at their nominal value.
4. Investments
Shares in group undertakings
£
Cost
At 1 October 2023
Additions
12,237,295
-------------
At 30 September 2024
12,237,295
-------------
Impairment
At 1 October 2023 and 30 September 2024
-------------
Carrying amount
At 30 September 2024
12,237,295
-------------
At 30 September 2023
-------------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
749
----
----
6. Called up share capital
Issued, called up and fully paid
2024
2023
No.
£
No.
£
Ordinary shares of £ 1 each
60
60
1
1
Preference shares of £ 1 each
1,000,000
1,000,000
------------
------------
----
----
1,000,060
1,000,060
1
1
------------
------------
----
----