Differentis Advisory Ltd
Registered number: 13312211
Statement of Financial Position
as at 31 March 2024
Notes 2024 2023
£ £
Current assets
Debtors 3 258,001 108,001
Creditors: amounts falling due within one year 4 (256,239) (109,477)
Net current assets/(liabilities) 1,762 (1,476)
Net assets/(liabilities) 1,762 (1,476)
Capital and reserves
Called up share capital 1 1
Profit and loss account 1,761 (1,477)
Shareholders' funds 1,762 (1,476)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
D J King
Director
Approved by the board on 28 March 2025
Differentis Advisory Ltd
Notes to the Accounts
for the year ended 31 March 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102 Section 1a small entities, the financial reporting standard applicable in the UK and the Republic of Ireland.
Debtors
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only 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 and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees and directors 2024 2023
Number Number
Average number of directors and persons employed by the company 1 1
3 Debtors 2024 2023
£ £
Accrued income 258,000 108,000
Other debtors 1 1
258,001 108,001
4 Creditors: amounts falling due within one year 2024 2023
£ £
Trade creditors 2,370 -
Accruals 1,380 1,975
Amounts owed to group undertakings and undertakings in which the company has a participating interest 167,074 -
Corporation tax 58,201 20,145
Other creditors 27,214 87,357
256,239 109,477
5 Related party transactions 2024 2023
£ £
Differentis Ltd
Associated undertaking of Differentis Advisory Ltd
Accrued management charges 150,000 108,000
Amount due from (to) the related party (167,074) (77,500)
6 Other information
Differentis Advisory Ltd is a private company limited by shares and incorporated in England. Its registered office is:
1 Concourse Way
Sheffield
S1 2BJ
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