Registration number:
Down-At-Heel Limited
for the Year Ended 31 January 2025
Down-At-Heel Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Down-At-Heel Limited
Company Information
Director |
Mr M Moran |
Company secretary |
Mrs R Moran |
Registered office |
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Down-At-Heel Limited
(Registration number: 01614881)
Balance Sheet as at 31 January 2025
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2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current assets/(liabilities) |
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Total assets less current liabilities |
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Provisions for liabilities |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 31 January 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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The Director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Director has not delivered to the registrar a copy of the Profit and Loss Account.
Approved and authorised by the
Down-At-Heel Limited
(Registration number: 01614881)
Balance Sheet as at 31 January 2025
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Down-At-Heel Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
General information |
The Company is a private company limited by share capital, incorporated in England.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The financial statements cover the individual entity, Down at Heel Limited.
The financial statements have been prepared in pound sterling and are rounded to the nearest pound sterling.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
Down-At-Heel Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Office Equipment |
15% Reducing balance |
Investment property
No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year.
This treatment with regards to the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, the treatment is necessary to give a true and fair view in accordance with the FRS 102A including Section 1A.
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Down-At-Heel Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Tangible assets |
Furniture, fittings and equipment |
Total |
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Cost or valuation |
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At 1 February 2024 |
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At 31 January 2025 |
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Depreciation |
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At 1 February 2024 |
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Charge for the year |
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At 31 January 2025 |
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Carrying amount |
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At 31 January 2025 |
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At 31 January 2024 |
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Investment properties |
2025 |
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At 1 February |
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At 31 January |
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Fair value at 31 January 2023 is represented by: |
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Valuation in 2014 |
234,750 |
Valuation in 2020 |
20,250 |
Valuation in 2022 |
45,000 |
300,000 |
36A Leeds Road was valued on an open market basis on 31 January 2025 by the director.
Down-At-Heel Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2025
Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Loans and borrowings |
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Taxation and social security |
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Accruals and deferred income |
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