In the prior period, the company was reported as dormant and dormant accounts were filed with Companies House. However, an error occurred in those accounts, as the issued share capital of the company was not disclosed. The balance sheet was incorrectly presented with nil balances throughout.
This has been corrected in the current year by restating the comparative balance sheet to reflect the issued share capital of £100 that was in existence as at 31 December 2023. This restatement has no impact on the company’s profit or loss or retained earnings as the company remained dormant and had no other transactions during that period.