COMPANY REGISTRATION NUMBER:
13639275
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 December 2024
Fixed assets
|
Tangible assets |
4 |
|
369,258 |
369,258 |
|
|
|
|
|
Current assets
|
Debtors |
5 |
747 |
|
544 |
|
Cash at bank and in hand |
4,117 |
|
3,036 |
|
------- |
|
------- |
|
4,864 |
|
3,580 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
160,252 |
|
159,612 |
|
--------- |
|
--------- |
|
Net current liabilities |
|
155,388 |
156,032 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
213,870 |
213,226 |
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
222,727 |
222,743 |
|
|
--------- |
--------- |
|
Net liabilities |
|
(
8,857) |
(
9,517) |
|
|
--------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
(
8,957) |
(
9,617) |
|
|
------- |
------- |
|
Shareholders deficit |
|
(
8,857) |
(
9,517) |
|
|
------- |
------- |
|
|
|
|
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 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 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
.
|
Statement of Financial Position (continued) |
|
31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
23 May 2025
, and are signed on behalf of the board by:
|
Mr Y Charoenprasit |
|
|
Director |
|
|
|
Company registration number:
13639275
|
Notes to the Financial Statements |
|
Year ended 31 December 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 Lyndhurst, 1 Cranmer Street, Long Eaton, Nottingham, NG10 1NJ.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern In accordance with his responsibilities the director has considered the appropriateness of the going concern basis for the preparation of the financial statements. In forming his view, he has considered a period of at least 12 months from the date of approval of the financial statements. The company has a deficiency of assets as at 31 December 2024. It depends on the support of the director and shareholders. The director considers it appropriate to prepare the financial statements on a going concern basis.
Revenue recognition Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
Tangible assets Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets 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. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.
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.
Tangible assets
|
Freehold property |
|
£ |
|
Cost |
|
|
At 1 January 2024 and 31 December 2024 |
369,258 |
|
--------- |
|
Depreciation |
|
|
At 1 January 2024 and 31 December 2024 |
– |
|
--------- |
|
Carrying amount |
|
|
At 31 December 2024 |
369,258 |
|
--------- |
|
At 31 December 2023 |
369,258 |
|
--------- |
|
|
The investment property was purchased for £369,258 in 2022. It has been valued by the directors at the same amount at the year end of 31 December 2024.
5.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Other debtors |
747 |
544 |
|
---- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Other creditors |
160,252 |
159,612 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
222,727 |
222,743 |
|
--------- |
--------- |
|
|
|
Within creditors: amounts falling due after more than one year is a bank loan of £222,727 (2023:£222,743) which is due to be repaid, other than by instalments, after 22 years. It is an interest only mortgage at an interest rate of 3.74%. The loan is secured on the property to which it relates.