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COMPANY REGISTRATION NUMBER: 13545909
Churchill Emsworth Asset Finance Limited
Filleted Unaudited Financial Statements
For the period ended
31 August 2024
Churchill Emsworth Asset Finance Limited
Statement of Financial Position
31 August 2024
2024
2023
Note
£
£
Current assets
Debtors
4
15,123
53,194
Cash at bank and in hand
6,001
15,901
--------
--------
21,124
69,095
Creditors: amounts falling due within one year
5
15,095
55,971
--------
--------
Net current assets
6,029
13,124
-------
--------
Total assets less current liabilities
6,029
13,124
-------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
5,929
13,024
-------
--------
Shareholder funds
6,029
13,124
-------
--------
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 31 August 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 member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
These financial statements were approved by the board of directors and authorised for issue on 14 May 2025 , and are signed on behalf of the board by:
C Mihail
Director
Company registration number: 13545909
Churchill Emsworth Asset Finance Limited
Notes to the Financial Statements
Year ended 31 August 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 Unit 2 Falcon Gate, Shire Park, Welwyn Garden City, AL7 1TW.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the 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 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 the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
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.
4. Debtors
2024
2023
£
£
Trade debtors
23
94
Other debtors
15,100
53,100
--------
--------
15,123
53,194
--------
--------
5. Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
95
2,336
Social security and other taxes
635
Other creditors
15,000
53,000
--------
--------
15,095
55,971
--------
--------