COMPANY REGISTRATION NUMBER:
04408380
Filleted Financial Statements |
|
Director's Responsibilities Statement |
|
Year ended 31 March 2024
The director is responsible for preparing the director's report and the financial statements in accordance with applicable law and regulations. Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the director must not approve the financial statements unless he is satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period. In preparing these financial statements, the director is required to: - select suitable accounting policies and then apply them consistently; - make judgments and accounting estimates that are reasonable and prudent; - prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. He is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
Statement of Financial Position |
|
31 March 2024
Current assets
Debtors |
4 |
942,587 |
|
1,006,714 |
Cash at bank and in hand |
184,165 |
|
123,005 |
|
------------ |
|
------------ |
|
1,126,752 |
|
1,129,719 |
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|
|
|
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Creditors: amounts falling due within one year |
5 |
2,425 |
|
2,895 |
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------------ |
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------------ |
Net current assets |
|
1,124,327 |
1,126,824 |
|
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------------ |
------------ |
Total assets less current liabilities |
|
1,124,327 |
1,126,824 |
|
|
------------ |
------------ |
Net assets |
|
1,124,327 |
1,126,824 |
|
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------------ |
------------ |
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|
|
|
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Capital and reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
|
1,124,326 |
1,126,823 |
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------------ |
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Shareholders funds |
|
1,124,327 |
1,126,824 |
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------------ |
------------ |
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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 statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
12 March 2025
, and are signed on behalf of the board by:
Company registration number:
04408380
Notes to the Financial Statements |
|
Year ended 31 March 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 47 Mount Street, London, W1K 2SA, England.
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.
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, with the exception of hedging instruments in a designated hedging relationship (see hedge accounting policy). 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.
4.
Debtors
|
2024 |
2023 |
|
£ |
£ |
Trade debtors |
941,606 |
941,606 |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
– |
108 |
Other debtors |
981 |
65,000 |
|
--------- |
------------ |
|
942,587 |
1,006,714 |
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--------- |
------------ |
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5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
175 |
195 |
Other creditors |
2,250 |
2,700 |
|
------- |
------- |
|
2,425 |
2,895 |
|
------- |
------- |
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6.
Summary audit opinion
The auditor's report dated
12 March 2025
was
unqualified
.
The senior statutory auditor was
Paul Mattei
, for and on behalf of
Leaman Mattei
.
7.
Controlling party
The company is a wholly owned subsidiary of Mermaidbay Inc, a company registered in the British Virgin Islands.