REGISTERED NUMBER: |
360 REVOLUTION LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
REGISTERED NUMBER: |
360 REVOLUTION LIMITED |
FINANCIAL STATEMENTS |
FOR THE PERIOD |
1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
360 REVOLUTION LIMITED (REGISTERED NUMBER: 11426628) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
360 REVOLUTION LIMITED |
COMPANY INFORMATION |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Pembroke House |
Llantarnam Park Way |
Cwmbran |
Torfaen |
NP44 3AU |
360 REVOLUTION LIMITED (REGISTERED NUMBER: 11426628) |
BALANCE SHEET |
30TH DECEMBER 2023 |
2023 | 2022 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
7 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 8 |
Retained earnings | ( |
) |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
360 REVOLUTION LIMITED (REGISTERED NUMBER: 11426628) |
BALANCE SHEET - continued |
30TH DECEMBER 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
360 REVOLUTION LIMITED (REGISTERED NUMBER: 11426628) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
1. | STATUTORY INFORMATION |
360 Revolution Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current or deferred taxation assets and liabilities are not discounted. |
Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the period end and that are expected to apply to the reversal of the timing difference. |
Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was |
360 REVOLUTION LIMITED (REGISTERED NUMBER: 11426628) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
4. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1st January 2023 |
and 30th December 2023 |
NET BOOK VALUE |
At 30th December 2023 |
At 31st December 2022 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
360 Property Limited | 46,004 | 50,170 |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
360 Ventures Limited | 4,990 | 9,390 |
Directors' current accounts | 3,286 | - |
Accruals and deferred income |
7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans - 1-2 years |
Bank loans - 2-5 years |
8. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2023 | 2022 |
value: | £ | £ |
Ordinary | £1 | 7,751 | 7,751 |
360 REVOLUTION LIMITED (REGISTERED NUMBER: 11426628) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1ST JANUARY 2023 TO 30TH DECEMBER 2023 |
9. | RELATED PARTY DISCLOSURES |
At the year end, the company owed 360 Ventures Limited £4,990 (2022 : £9,390). 360 Revolution Limited holds the majority shareholding of 360 Ventures Limited. |
At the year end, the company owed the director A K Davies £3,286 (2022 : £Nil). |