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No description of principal activity
2023-06-01
Sage Accounts Production Advanced 2023 - FRS102_2023
2,524
2,522
2
2
5,975
5,975
5,975
xbrli:pure
xbrli:shares
iso4217:GBP
10171783
2023-06-01
2024-05-31
10171783
2024-05-31
10171783
2023-05-31
10171783
2022-06-01
2023-05-31
10171783
2023-05-31
10171783
2022-05-31
10171783
core:FurnitureFittings
2023-06-01
2024-05-31
10171783
bus:RegisteredOffice
2023-06-01
2024-05-31
10171783
bus:Director1
2023-06-01
2024-05-31
10171783
core:FurnitureFittings
2024-05-31
10171783
core:WithinOneYear
2024-05-31
10171783
core:WithinOneYear
2023-05-31
10171783
core:ShareCapital
2024-05-31
10171783
core:ShareCapital
2023-05-31
10171783
core:RetainedEarningsAccumulatedLosses
2024-05-31
10171783
core:RetainedEarningsAccumulatedLosses
2023-05-31
10171783
core:CostValuation
core:Non-currentFinancialInstruments
2024-05-31
10171783
core:Non-currentFinancialInstruments
2024-05-31
10171783
core:Non-currentFinancialInstruments
2023-05-31
10171783
core:FurnitureFittings
2023-05-31
10171783
bus:SmallEntities
2023-06-01
2024-05-31
10171783
bus:AuditExempt-NoAccountantsReport
2023-06-01
2024-05-31
10171783
bus:SmallCompaniesRegimeForAccounts
2023-06-01
2024-05-31
10171783
bus:PrivateLimitedCompanyLtd
2023-06-01
2024-05-31
10171783
bus:FullAccounts
2023-06-01
2024-05-31
10171783
core:KeyManagementPersonnel
2023-06-01
2024-05-31
10171783
core:KeyManagementPersonnel
2022-06-01
2023-05-31
10171783
core:KeyManagementPersonnel
2024-05-31
10171783
core:KeyManagementPersonnel
2023-05-31
COMPANY REGISTRATION NUMBER:
10171783
Unaudited Financial Statements |
|
Year ended 31 May 2024
Statement of financial position |
2 |
|
|
Notes to the financial statements |
3 |
|
|
Year ended 31 May 2024
The director presents his report and the unaudited financial statements of the company for the year ended
31 May 2024
.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year. It is anticipated that the company will remain dormant for the foreseeable future.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
26 February 2025
and signed on behalf of the board by:
Registered office: |
Suite 207 |
464 Edgware Road |
London |
W2 1AH |
|
Statement of Financial Position |
|
31 May 2024
Fixed assets
Tangible assets |
4 |
2 |
2 |
Investments |
5 |
5,975 |
5,975 |
|
------- |
------- |
|
5,977 |
5,977 |
|
|
|
|
Current assets
Creditors: amounts falling due within one year |
7 |
14,606 |
14,606 |
|
-------- |
-------- |
Net current liabilities |
14,162 |
14,162 |
|
-------- |
-------- |
Total assets less current liabilities |
(
8,185) |
(
8,185) |
|
------- |
------- |
|
|
|
|
Capital and reserves
Called up share capital |
200 |
200 |
Profit and loss account |
(
8,385) |
(
8,385) |
|
------- |
------- |
Shareholders deficit |
(
8,185) |
(
8,185) |
|
------- |
------- |
|
|
|
These financial statements have been prepared 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'.
The company did not trade during the year and has not made either a profit or loss.
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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
26 February 2025
, and are signed on behalf of the board by:
Company registration number:
10171783
Notes to the Financial Statements |
|
Year ended 31 May 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 Suite 207, 464 Edgware Road, London, W2 1AH. The principal place of business is Flat 42 Clarendon Court, 33 Maida Vale, London W9 1AJ.
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.
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.
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.
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.
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures, fittings and equipment |
- |
33% straight line |
|
|
|
|
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss. Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics.
4.
Tangible assets
|
Fixtures, fittings and equipment |
|
£ |
Cost |
|
At 1 June 2023 and 31 May 2024 |
2,524 |
|
------- |
Depreciation |
|
At 1 June 2023 and 31 May 2024 |
2,522 |
|
------- |
Carrying amount |
|
At 31 May 2024 |
2 |
|
------- |
At 31 May 2023 |
2 |
|
------- |
|
|
5.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 June 2023 and 31 May 2024 |
5,975 |
|
------- |
Impairment |
|
At 1 June 2023 and 31 May 2024 |
– |
|
------- |
|
|
Carrying amount |
|
At 31 May 2024 |
5,975 |
|
------- |
At 31 May 2023 |
5,975 |
|
------- |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Other debtors |
444 |
444 |
|
---- |
---- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Other creditors |
14,606 |
14,606 |
|
-------- |
-------- |
|
|
|
8.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
Transaction value |
Balance owed by/(owed to) |
|
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
Loans from key management personnel |
– |
(
3,026)
|
(
14,606) |
(
14,606) |
|
---- |
------- |
-------- |
-------- |
|
|
|
|
|