COMPANY REGISTRATION NUMBER:
12641971
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 June 2024
Fixed assets
Tangible assets |
4 |
454,420 |
454,420 |
|
|
|
|
Current assets
Cash at bank and in hand |
103 |
890 |
|
|
|
Creditors: amounts falling due within one year |
5 |
99,690 |
101,439 |
|
-------- |
--------- |
Net current liabilities |
99,587 |
100,549 |
|
--------- |
--------- |
Total assets less current liabilities |
354,833 |
353,871 |
|
|
|
|
Creditors: amounts falling due after more than one year |
6 |
353,390 |
353,391 |
|
--------- |
--------- |
Net assets |
1,443 |
480 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
1,343 |
380 |
|
------- |
---- |
Shareholders funds |
1,443 |
480 |
|
------- |
---- |
|
|
|
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.
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
.
Statement of Financial Position (continued) |
|
30 June 2024
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:
12641971
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 1 Wadham Close, Syston, Leicester, LE7 2FF.
2.
Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102 Section 1A, Small Entities of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006'.
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.
Revenue recognition
Turnover is measured at the fair value of rent receivable for services rendered.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
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 debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. Financial assets and liabilities are offset and the net amount reported in the Balance Sheet when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
4.
Tangible assets
|
Investment property |
|
£ |
Cost |
|
At 1 July 2023 and 30 June 2024 |
454,420 |
|
--------- |
Depreciation |
|
At 1 July 2023 and 30 June 2024 |
– |
|
--------- |
Carrying amount |
|
At 30 June 2024 |
454,420 |
|
--------- |
At 30 June 2023 |
454,420 |
|
--------- |
|
|
5.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
Corporation tax |
– |
769 |
Other creditors |
99,690 |
100,670 |
|
-------- |
--------- |
|
99,690 |
101,439 |
|
-------- |
--------- |
|
|
|
6.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
Bank loans and overdrafts |
353,390 |
353,391 |
|
--------- |
--------- |
|
|
|
7.
Directors' advances, credits and guarantees
At 30 June 2024, company owed 98,670 (2023: £99,650) to the directors.
8.
The ultimate controlling party
The company is controlled by the directors of the company.