Company Registration No. 10920377 (England and Wales)
STRUQTA LIMITED
Amended Unaudited accounts
for the year ended 31 August 2024
STRUQTA LIMITED
Amended Annual report and unaudited accounts
for the year ended 31 August 2024
STRUQTA LIMITED
Company Information
for the year ended 31 August 2024
Directors
TATJANA WALLBANKS
ANDREW WALLBANKS
Company Number
10920377 (England and Wales)
Registered Office
19 St. Christophers Way
Pride Park
Derby
Derbyshire
DE24 8JY
England
STRUQTA LIMITED
Statement of Financial Position
as at 31 August 2024
Fixed assets
189,407
193,272
Prepayments and accrued income
-
35
Creditors: amounts falling due within one year
(19,517)
(18,202)
Net current liabilities
(19,402)
(17,697)
Total assets less current liabilities
170,005
175,575
Creditors: amounts falling due after more than one year
(303,398)
(330,594)
Net liabilities
(133,393)
(155,019)
Capital and reserves
(133,393)
(155,019)
STRUQTA LIMITED is a private company, limited by shares, registered in England and Wales, registration number 10920377. The registered office is 19 St. Christophers Way, Pride Park, Derby, Derbyshire, DE24 8JY, England.
2 Guarantees and other financial commitments
STRUQTA LIMITED
Statement of Financial Position
as at 31 August 2024 (continued)
Policy Note: Investment Property Depreciation on IRIS
1. Background
Under FRS 105, investment properties held by micro-entities must be carried at historical cost and are subject to depreciation over their useful economic life. Unlike FRS 102, fair value adjustments are not permitted.
2. IRIS Limitation
Currently, IRIS does not provide a dedicated account for recording additions, depreciation of investment properties or accumulated depreciation for such assets. As a workaround, the account “Land & Buildings - additions" is temporary being used to record purchase of investment property; " Land & Buildings - Depn - charge for the year" is temporarily being used to record depreciation of investment properties in the Balance Sheet.
3. Depreciation Methodology
Depreciation is calculated at a rate of 2% per annum based on the property’s expected useful life.
Residual value is considered when estimating the depreciation amount, as applicable.
4. Journal Entry Treatment
The depreciation expense is charged to "Depreciation" in the Profit & Loss account. The corresponding reduction in the asset’s carrying value is reflected directly in the investment property cost account in the balance sheet.
5. Transparency and Compliance
This is a temporary measure to comply with FRS 105 requirements while awaiting guidance or system updates from IRIS. A request has been raised with IRIS to provide a dedicated account for depreciation of investment properties to improve transparency and alignment with reporting standards.
6. Review of Policy
This policy will be reviewed and updated as soon as IRIS resolves the limitation or provides a suitable solution.
3 Average number of employees
During the year the average number of employees was 0 (2023: 0).
STRUQTA LIMITED
Statement of Financial Position
as at 31 August 2024 (continued)
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. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the micro-entity provisions of the Companies Act 2006 and FRS 105, The Financial Reporting Standard applicable to the Micro-entities Regime. The accounts have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the board on 16 May 2025
TATJANA WALLBANKS
Director
Company Registration No. 10920377