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Company registration number: 03055642
Russian Ice Stars Ltd
Unaudited filleted financial statements
30 June 2024
Russian Ice Stars Ltd
Contents
Directors and other information
Accountants report
Statement of financial position
Notes to the financial statements
Russian Ice Stars Ltd
Directors and other information
Directors Mr J R A Deplidge
Mr C Angus
Secretary Mr C Angus
Company number 03055642
Registered office Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Accountants Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
Russian Ice Stars Ltd
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Russian Ice Stars Ltd
Year ended 30 June 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Russian Ice Stars Ltd for the year ended 30 June 2024 which comprise the statement of financial position and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Russian Ice Stars Ltd, as a body, in accordance with the terms of our engagement letter dated 14 May 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Russian Ice Stars Ltd and state those matters that we have agreed to state to the board of directors of Russian Ice Stars Ltd as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Russian Ice Stars Ltd and its board of directors as a body for our work or for this report.
It is your duty to ensure that Russian Ice Stars Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Russian Ice Stars Ltd. You consider that Russian Ice Stars Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Russian Ice Stars Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Hicks and Company
Chartered Accountants
Vaughan Chambers
Vaughan Road
Harpenden
AL5 4EE
26 March 2025
Russian Ice Stars Ltd
Statement of financial position
30 June 2024
2024 2023
Note £ £ £ £
Fixed assets
Intangible assets 5 3,990 3,990
_______ _______
3,990 3,990
Current assets
Debtors 6 4,324 4,324
Cash at bank and in hand 165 287
_______ _______
4,489 4,611
Creditors: amounts falling due
within one year 7 ( 4,266) ( 4,164)
_______ _______
Net current assets 223 447
_______ _______
Total assets less current liabilities 4,213 4,437
_______ _______
Net assets 4,213 4,437
_______ _______
Capital and reserves
Called up share capital 99 99
Profit and loss account 4,114 4,338
_______ _______
Shareholders funds 4,213 4,437
_______ _______
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.
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.
These financial statements were approved by the board of directors and authorised for issue on 26 March 2025 , and are signed on behalf of the board by:
Mr J R A Deplidge
Director
Company registration number: 03055642
Russian Ice Stars Ltd
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 Vaughan Chambers, Vaughan Road, Harpenden, AL5 4EE.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
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 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.
Going concern
The accounts have been prepared on a going concern basis which assumes the continued support of the company's director.
Turnover
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.
Taxation
The taxation expense represents the aggregate amount of current tax and deferred tax recognised in the reporting period. 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. 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.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and any accumulated impairment losses. Any intangible assets carried at a revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are recorded at the fair value at the acquisition date.
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Performance rights - Not depreciated
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.Debt instruments are subsequently measured at amortised cost.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2023: 2 ).
5. Intangible assets
Other intangible assets Total
£ £
Cost
At 1 July 2023 and 30 June 2024 3,990 3,990
_______ _______
Amortisation
At 1 July 2023 and 30 June 2024 - -
_______ _______
Carrying amount
At 30 June 2024 3,990 3,990
_______ _______
At 30 June 2023 3,990 3,990
_______ _______
6. Debtors
2024 2023
£ £
Other debtors 4,324 4,324
_______ _______
7. Creditors: amounts falling due within one year
2024 2023
£ £
Trade creditors 924 912
Corporation tax 1,942 1,821
Social security and other taxes 675 739
Other creditors 725 692
_______ _______
4,266 4,164
_______ _______
8. Directors advances, credits and guarantees
Balance brought forward and o/standing Balance brought forward and o/standing
2024 2023
£ £
Mr J R A Deplidge 3,233 3,233
_______ _______
9. Related party transactions
During the year, the company charged hire costs of £16,450 (2023 - £15,950) to Deplidge International Ltd, a company in which Mr J Deplidge is a director and shareholder. At 30 June 2024, there was a balance due from Deplidge International Ltd to Russian Ice Stars Ltd of £nil (2023 - £nil).