1 Growth Coalitions Limited 9044733 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is in the year under review was that of the provision of management consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 9044733 2023-04-01 2024-03-31 9044733 2024-03-31 9044733 bus:OrdinaryShareClass1 2024-03-31 9044733 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 9044733 core:FurnitureFittingsToolsEquipment 2024-03-31 9044733 bus:SmallEntities 2023-04-01 2024-03-31 9044733 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 9044733 bus:FilletedAccounts 2023-04-01 2024-03-31 9044733 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 9044733 bus:RegisteredOffice 2023-04-01 2024-03-31 9044733 bus:Director1 2023-04-01 2024-03-31 9044733 bus:OrdinaryShareClass1 2023-04-01 2024-03-31 9044733 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 9044733 bus:Agent1 2023-04-01 2024-03-31 9044733 core:ComputerEquipment 2023-04-01 2024-03-31 9044733 core:FurnitureFittingsToolsEquipment 2023-04-01 2024-03-31 9044733 countries:AllCountries 2023-04-01 2024-03-31 9044733 2023-03-31 9044733 core:FurnitureFittingsToolsEquipment 2023-03-31 9044733 2022-04-01 2023-03-31 9044733 2023-03-31 9044733 bus:OrdinaryShareClass1 2023-03-31 9044733 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 9044733 core:FurnitureFittingsToolsEquipment 2023-03-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 9044733

Growth Coalitions Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

Growth Coalitions Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Growth Coalitions Limited

Company Information

Director

Mr A E Fineberg

Registered office

3rd Floor
Lawford House
Albert Place
London
N3 1QA

Accountants

Sterlings Ltd
Chartered accountants Lawford House
Albert Place
London
N3 1QA

 

Growth Coalitions Limited

(Registration number: 9044733)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

291

388

Current assets

 

Cash at bank and in hand

 

2

2

Creditors: Amounts falling due within one year

5

(9,610)

(8,847)

Net current liabilities

 

(9,608)

(8,845)

Net liabilities

 

(9,317)

(8,457)

Capital and reserves

 

Called up share capital

6

1

1

Profit and loss account

(9,318)

(8,458)

Shareholders' deficit

 

(9,317)

(8,457)

For the financial year ending 31 March 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 accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 11 March 2025
 

.........................................
Mr A E Fineberg
Director

 

Growth Coalitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales .

The address of its registered office is:
3rd Floor
Lawford House
Albert Place
London
N3 1QA

These financial statements were authorised for issue by the director on 11 March 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

As at the balance sheet date, the company's liabilities exceeded assets by £9,317. However, the company has the support of its principal creditor, being the director, for the foreseeable future and therefore the director is satisfied that these financial statements have been properly prepared on a going concern basis.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% on reducing balance

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

 

Growth Coalitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Growth Coalitions Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

3,029

3,029

At 31 March 2024

3,029

3,029

Depreciation

At 1 April 2023

2,641

2,641

Charge for the year

97

97

At 31 March 2024

2,738

2,738

Carrying amount

At 31 March 2024

291

291

At 31 March 2023

388

388

5

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

504

504

Other creditors

9,106

8,343

9,610

8,847

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

       

7

Related party disclosure

As at the balance sheet date, the company owed the director the sum of £9,105 (2023 - £8,342).