Company No:
Contents
Note | 30.09.2024 | |
£ | ||
Fixed assets | ||
Tangible assets | 3 |
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59,732 | ||
Current assets | ||
Stocks |
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Debtors | 4 |
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Cash at bank and in hand |
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563,924 | ||
Creditors: amounts falling due within one year | 5 | (
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Net current assets | 73,425 | |
Total assets less current liabilities | 133,157 | |
Provision for liabilities | (
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Net assets |
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Capital and reserves | ||
Called-up share capital | 6 |
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Profit and loss account |
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Total shareholder's funds |
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Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of The 100 (New Forest) Limited (registered number:
Mr P W Brown
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period, unless otherwise stated.
The 100 (New Forest) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales.
The address of the Company's registered office is
Hitchcock House,
Hilltop Park,
Devizes Road,
Salisbury,
SP3 4UF,
United Kingdom.
The principal place of business is:
The Master Builders Hotel
Bucklers Hard
Beaulieu Estate
Hampshire
United Kingdom
SO42 7XB
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current corporation tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax
Deferred tax is recognised on all timing differences at the balance sheet date unless indicated below. Timing differences are differences between taxable profits and the results as stated in the profit and loss account and other comprehensive income. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
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:
Fixtures and fittings |
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The cost of finished goods and work in progress comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less costs to complete and sell; the impairment loss is recognised immediately in profit or loss.
Classification
The company holds the following financial instruments:
• Short term trade and other debtors and creditors;
• Cash and bank balances.
All financial instruments are classified as basic.
Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.
Such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.
Period from 24.10.2023 to 30.09.2024 |
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Number | |
Monthly average number of persons employed by the Company during the period, including directors |
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Fixtures and fittings | Total | ||
£ | £ | ||
Cost | |||
At 24 October 2023 |
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Additions |
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At 30 September 2024 |
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Accumulated depreciation | |||
At 24 October 2023 |
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Charge for the financial period |
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At 30 September 2024 |
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Net book value | |||
At 30 September 2024 |
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30.09.2024 | |
£ | |
Trade debtors |
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Amounts owed by Group undertakings |
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Prepayments |
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Other debtors |
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30.09.2024 | |
£ | |
Trade creditors |
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Accruals |
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Taxation and social security |
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Other creditors |
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30.09.2024 | |
£ | |
Allotted, called-up and fully-paid | |
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The total amount of financial commitments not included in the balance sheet is £368,000. Out of this, £90,000 is due with in a year.
Parent Company:
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Hitchcock House, Hilltop Park, Devizes Road, Salisbury, SP3 4UF, United Kingdom |