1 1 3705 Limited 05499298 false 2024-01-01 2024-12-31 2024-12-31 The principal activity of the company is graphic design and communications consultancy services. Digita Accounts Production Advanced 6.30.9574.0 true true 05499298 2024-01-01 2024-12-31 05499298 2024-12-31 05499298 bus:Director2 1 2024-12-31 05499298 bus:OrdinaryShareClass1 2024-12-31 05499298 core:CurrentFinancialInstruments 2024-12-31 05499298 core:CurrentFinancialInstruments core:WithinOneYear 2024-12-31 05499298 core:Non-currentFinancialInstruments 2024-12-31 05499298 core:Non-currentFinancialInstruments core:AfterOneYear 2024-12-31 05499298 core:FurnitureFittingsToolsEquipment 2024-12-31 05499298 core:MotorVehicles 2024-12-31 05499298 bus:SmallEntities 2024-01-01 2024-12-31 05499298 bus:AuditExemptWithAccountantsReport 2024-01-01 2024-12-31 05499298 bus:FilletedAccounts 2024-01-01 2024-12-31 05499298 bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 05499298 bus:RegisteredOffice 2024-01-01 2024-12-31 05499298 bus:CompanySecretary1 2024-01-01 2024-12-31 05499298 bus:Director2 2024-01-01 2024-12-31 05499298 bus:Director2 1 2024-01-01 2024-12-31 05499298 bus:OrdinaryShareClass1 2024-01-01 2024-12-31 05499298 bus:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 05499298 bus:Agent1 2024-01-01 2024-12-31 05499298 core:FurnitureFittingsToolsEquipment 2024-01-01 2024-12-31 05499298 core:MotorVehicles 2024-01-01 2024-12-31 05499298 core:OfficeEquipment 2024-01-01 2024-12-31 05499298 countries:AllCountries 2024-01-01 2024-12-31 05499298 2023-12-31 05499298 bus:Director2 1 2023-12-31 05499298 core:FurnitureFittingsToolsEquipment 2023-12-31 05499298 core:MotorVehicles 2023-12-31 05499298 2023-01-01 2023-12-31 05499298 2023-12-31 05499298 bus:Director2 1 2023-12-31 05499298 bus:OrdinaryShareClass1 2023-12-31 05499298 core:CurrentFinancialInstruments 2023-12-31 05499298 core:CurrentFinancialInstruments core:WithinOneYear 2023-12-31 05499298 core:Non-currentFinancialInstruments 2023-12-31 05499298 core:Non-currentFinancialInstruments core:AfterOneYear 2023-12-31 05499298 core:FurnitureFittingsToolsEquipment 2023-12-31 05499298 core:MotorVehicles 2023-12-31 05499298 bus:Director2 1 2023-01-01 2023-12-31 05499298 bus:Director2 1 2022-12-31 xbrli:pure iso4217:GBP xbrli:shares

Registration number: 05499298

3705 Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 December 2024

 

3705 Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

3705 Limited

Company Information

Director

Ms Maria Soledad Nasi

Company secretary

Mr Mark Patrick Garcia-Oliver

Registered office

134 Palewell Park
London
SW14 8JH

Accountants

Michaelides Warner & Co 102 Fulham Palace Road
London
W6 9PL

 

3705 Limited

(Registration number: 05499298)
Balance Sheet as at 31 December 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

7,319

14,105

Current assets

 

Debtors

-

1,218

Cash at bank and in hand

 

354

1,931

 

354

3,149

Creditors: Amounts falling due within one year

5

(40,754)

(25,410)

Net current liabilities

 

(40,400)

(22,261)

Total assets less current liabilities

 

(33,081)

(8,156)

Creditors: Amounts falling due after more than one year

5

(3,507)

(23,023)

Net liabilities

 

(36,588)

(31,179)

Capital and reserves

 

Called up share capital

6

2

2

Retained earnings

(36,590)

(31,181)

Shareholders' deficit

 

(36,588)

(31,179)

For the financial year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her 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 and 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.

 

3705 Limited

(Registration number: 05499298)
Balance Sheet as at 31 December 2024

Approved and authorised by the director on 9 April 2025
 

.........................................
Ms Maria Soledad Nasi
Director

 

3705 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
134 Palewell Park
London
SW14 8JH
England

2

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

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' 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.

Going concern

The financial statements have been prepared on a going concern basis.

Judgements

The directors consider that there are no key judgements that management have made in the process of applying the company’s accounting policies and that may have had a significant effect on the amounts recognised in the financial statements.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current 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.

 

3705 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

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.

Tangible assets

Tangible assets are stated in the balance sheet 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

Straight Line Basis at 25%

Motor Vehicles

Straight Line Basis at 33%

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

 

3705 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

Financial instruments

Classification
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like investments, trade and other receivables,cash and bank balances, trade and other creditors.

Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or cash consolidation expected to be paid or received.

 

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Motor vehicles
 £

Total
£

Cost or valuation

At 1 January 2024

24,626

24,170

48,796

At 31 December 2024

24,626

24,170

48,796

Depreciation

At 1 January 2024

16,080

18,611

34,691

Charge for the year

1,227

5,559

6,786

At 31 December 2024

17,307

24,170

41,477

Carrying amount

At 31 December 2024

7,319

-

7,319

At 31 December 2023

8,546

5,559

14,105

 

3705 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

5

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

4,116

4,014

Trade creditors

 

420

-

Taxation and social security

 

1,400

407

Accruals and deferred income

 

360

360

Other creditors

 

34,458

20,629

 

40,754

25,410

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

7

3,507

23,023

6

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       
 

3705 Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 December 2024

7

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Other borrowings

3,507

23,023

Current loans and borrowings

2024
£

2023
£

Other borrowings

4,116

4,014

8

Related party transactions

Transactions with the director

2024

At 1 January 2024
£

Other payments made to company by director
£

At 31 December 2024
£

Ms Maria Soledad Nasi

Amounts owed to/(from) the director

17,514

1,503

19,017

2023

At 1 January 2023
£

Other payments made to company by director
£

At 31 December 2023
£

Ms Maria Soledad Nasi

Amounts owed to/(from) the director

(3,842)

21,357

17,514