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COMPANY REGISTRATION NUMBER: 13482642
Finca of Warwick Limited
Filleted Unaudited Financial Statements
30 June 2024
Finca of Warwick Limited
Financial Statements
Year ended 30 June 2024
Contents
Page
Balance sheet
1
Notes to the financial statements
3
Finca of Warwick Limited
Balance Sheet
30 June 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,174
199
Current assets
Debtors
6
12,249
15,643
Cash at bank and in hand
21,995
23,482
--------
--------
34,244
39,125
Creditors: amounts falling due within one year
7
35,033
26,419
--------
--------
Net current (liabilities)/assets
( 789)
12,706
-------
--------
Total assets less current liabilities
385
12,905
Provisions
Taxation including deferred tax
294
50
----
--------
Net assets
91
12,855
----
--------
Capital and reserves
Called up share capital
1
1
Profit and loss account
90
12,854
----
--------
Shareholders funds
91
12,855
----
--------
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 profit and loss account 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.
Directors' 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 directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Finca of Warwick Limited
Balance Sheet (continued)
30 June 2024
These financial statements were approved by the board of directors and authorised for issue on 9 October 2024 , and are signed on behalf of the board by:
Mr N Bazeley
Director
Company registration number: 13482642
Finca of Warwick Limited
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 6 Corunna Court, Corunna Road, Warwick, CV34 5HQ.
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 and in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Current tax is recognised on taxable profit for the current and past periods. Deferred tax is recognised in respect of all timing differences at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Equipment
-
25% straight line
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Tangible assets
Equipment
£
Cost
At 1 July 2023
248
Additions
1,222
-------
At 30 June 2024
1,470
-------
Depreciation
At 1 July 2023
49
Charge for the year
247
-------
At 30 June 2024
296
-------
Carrying amount
At 30 June 2024
1,174
-------
At 30 June 2023
199
-------
6. Debtors
2024
2023
£
£
Trade debtors
10,204
10,643
Other debtors
2,045
5,000
--------
--------
12,249
15,643
--------
--------
7. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
20,181
15,524
Social security and other taxes
6,097
5,005
Other creditors
8,755
5,890
--------
--------
35,033
26,419
--------
--------
8. Directors' advances, credits and guarantees
During the year, the directors had interest-free, repayable on demand loans with the company. At the start of year the directors were owed £4,291 and at the end of the year the directors were owed £5,960.
9. Related party transactions
Turnover includes £139,574 (2023: £115,428) charged to a company controlled by a relation to the directors of this company.