REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 29 MARCH 2024 |
FOR |
78 AMUNDSEN MANAGEMENT LTD |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
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 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 10 |
Revaluation reserve |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
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 |
3. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
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 |
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 |
NET BOOK VALUE |
At 29 March 2024 |
At 29 March 2023 |
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 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Tax |
Other creditors |
Directors' current accounts | 6,227 | 6,227 |
Accruals and deferred income |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2024 | 2023 |
£ | £ |
Bank loans more 5 yr by instal |
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: | £ | £ |
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. |