COMPANY REGISTRATION NUMBER:
08117435
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 June 2024
Fixed assets
Investments |
4 |
|
43,519 |
43,519 |
|
|
|
|
|
Current assets
Cash at bank and in hand |
1 |
|
1 |
|
|
|
|
Creditors: amounts falling due within one year |
5 |
62,776 |
|
61,816 |
|
-------- |
|
-------- |
Net current liabilities |
|
62,775 |
61,815 |
|
|
-------- |
-------- |
Total assets less current liabilities |
|
(
19,256) |
(
18,296) |
|
|
-------- |
-------- |
Net liabilities |
|
(
19,256) |
(
18,296) |
|
|
-------- |
-------- |
|
|
|
|
|
Capital and reserves
Called up share capital |
|
1 |
1 |
Profit and loss account |
|
(
19,257) |
(
18,297) |
|
|
-------- |
-------- |
Shareholders deficit |
|
(
19,256) |
(
18,296) |
|
|
-------- |
-------- |
|
|
|
|
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.
For the year ending 30 June 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 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
20 March 2025
, and are signed on behalf of the board by:
Company registration number:
08117435
Notes to the Financial Statements |
|
Year ended 30 June 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 1, First Floor, 1 Duchess Street, London, W1W 6AN.
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
Going concern The director has confirmed his intention to continue to provide financial support as required by the company from at least twelve months from the date of signing the accounts. As a result, the going concern basis of accounting has been adopted.
Investments
Fixed asset investments are stated at cost written down to estimated recoverable amount.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
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. 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. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4.
Investments
|
Other investments other than loans |
|
£ |
Cost |
|
At 1 July 2023 and 30 June 2024 |
43,519 |
|
-------- |
Impairment |
|
At 1 July 2023 and 30 June 2024 |
– |
|
-------- |
|
|
Carrying amount |
|
At 30 June 2024 |
43,519 |
|
-------- |
At 30 June 2023 |
43,519 |
|
-------- |
|
|
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Trade creditors |
960 |
– |
Other creditors |
61,816 |
61,816 |
|
-------- |
-------- |
|
62,776 |
61,816 |
|
-------- |
-------- |
|
|
|
6.
Related party transactions
The company was under the control of
Mr J Ondhia
throughout the current and previous year. Mr J Ondhia
, the director, provided a loan to the company on interest free and unsecured terms. The amount due to Mr J Ondhia
at the balance sheet date was £810 (2023 : £810).