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REGISTERED NUMBER: 09270757 (England and Wales)



UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 MARCH 2024

FOR

78 AMUNDSEN MANAGEMENT LTD

78 AMUNDSEN MANAGEMENT LTD (REGISTERED NUMBER: 09270757)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


78 AMUNDSEN MANAGEMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 29 MARCH 2024







DIRECTOR: G G Bees





REGISTERED OFFICE: 6 Bridge Street
Northampton
Northamptonshire
NN1 1NW





REGISTERED NUMBER: 09270757 (England and Wales)





ACCOUNTANTS: Lucentum Business Services Ltd
Beckwith Barn
Warren Estate
Lordship Road
Chelmsford
Essex
CM1 3WT

78 AMUNDSEN MANAGEMENT LTD (REGISTERED NUMBER: 09270757)

BALANCE SHEET
29 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 5 400,000 400,000

CURRENT ASSETS
Debtors 6 213,750 185,750
Cash at bank 2,411 2,741
216,161 188,491
CREDITORS
Amounts falling due within one year 7 74,200 55,852
NET CURRENT ASSETS 141,961 132,639
TOTAL ASSETS LESS CURRENT
LIABILITIES

541,961

532,639

CREDITORS
Amounts falling due after more than one
year

8

(350,200

)

(350,200

)

PROVISIONS FOR LIABILITIES (27,634 ) (23,910 )
NET ASSETS 164,127 158,529

CAPITAL AND RESERVES
Called up share capital 10 1 1
Revaluation reserve 117,807 101,931
Retained earnings 46,319 56,597
SHAREHOLDERS' FUNDS 164,127 158,529

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 March 2024 in accordance with Section 476 of the Companies Act 2006.

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.

78 AMUNDSEN MANAGEMENT LTD (REGISTERED NUMBER: 09270757)

BALANCE SHEET - continued
29 MARCH 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 24 March 2025 and were signed by:





G G Bees - Director


78 AMUNDSEN MANAGEMENT LTD (REGISTERED NUMBER: 09270757)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 MARCH 2024

1. STATUTORY INFORMATION

78 Amundsen Management Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


Monetary amounts in the financial statements have been rounded to the nearest whole £.

2. STATEMENT OF COMPLIANCE

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition
of financial assets and liabilities like trade and other accounts receivable and payable, loans from
banks and other third parties, loans to related parties and investments in non-puttable ordinary
shares.

Taxation
Taxation for the year comprises current tax and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current 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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

78 AMUNDSEN MANAGEMENT LTD (REGISTERED NUMBER: 09270757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2024

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 March 2023
and 29 March 2024 400,000
NET BOOK VALUE
At 29 March 2024 400,000
At 29 March 2023 400,000

Fair value at 29 March 2024 is represented by:
£   
Valuation in 2015 170,441
Valuation in 2017 25,000
Valuation in 2019 (50,000 )
Valuation in 2021 (50,000 )
Valuation in 2023 50,000
Cost 254,559
400,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 213,750 185,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 1,481 -
Other creditors 64,325 47,825
Directors' current accounts 6,227 6,227
Accruals and deferred income 2,167 1,800
74,200 55,852

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans more 5 yr by instal 350,200 350,200

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 350,200 350,200

78 AMUNDSEN MANAGEMENT LTD (REGISTERED NUMBER: 09270757)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 MARCH 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgage 350,000 350,200

The bank loans are secured by a debenture with a legal charge over the company's property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary £1 1 1

11. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

During the year a loan account subsisted between the company and its director. At the balance sheet date the director was owed £6,227 (2023 - £6,277) which is shown within creditors. No interest was charged on this loan.

12. RELATED PARTY DISCLOSURES

Other related parties
2024 2023
£ £
Net amount due from/(to) related parties 153,426 105,187

The amounts shown above concern transactions with other companies in which Mr G Bees is a director/partner and has a controlling interest.