0
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No description of principal activity
2023-04-01
Sage Accounts Production Advanced 2024 - FRS102_2024
1,258,420
45,435
25,168
70,603
1,187,817
1,212,985
xbrli:pure
xbrli:shares
iso4217:GBP
12962968
2023-04-01
2024-03-31
12962968
2024-03-31
12962968
2023-03-31
12962968
2022-04-01
2023-03-31
12962968
2023-03-31
12962968
2022-03-31
12962968
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-04-01
2024-03-31
12962968
bus:Director3
2023-04-01
2024-03-31
12962968
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-03-31
12962968
core:LandBuildings
core:OwnedOrFreeholdAssets
2024-03-31
12962968
core:AfterOneYear
2024-03-31
12962968
core:AfterOneYear
2023-03-31
12962968
core:WithinOneYear
2024-03-31
12962968
core:WithinOneYear
2023-03-31
12962968
core:ShareCapital
2024-03-31
12962968
core:ShareCapital
2023-03-31
12962968
core:RetainedEarningsAccumulatedLosses
2024-03-31
12962968
core:RetainedEarningsAccumulatedLosses
2023-03-31
12962968
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-03-31
12962968
bus:Director1
2023-04-01
2024-03-31
12962968
bus:SmallEntities
2023-04-01
2024-03-31
12962968
bus:AuditExemptWithAccountantsReport
2023-04-01
2024-03-31
12962968
bus:SmallCompaniesRegimeForAccounts
2023-04-01
2024-03-31
12962968
bus:PrivateLimitedCompanyLtd
2023-04-01
2024-03-31
12962968
bus:FullAccounts
2023-04-01
2024-03-31
12962968
core:AfterOneYear
2023-04-01
2024-03-31
12962968
bus:Director3
1
2023-04-01
2024-03-31
COMPANY REGISTRATION NUMBER:
12962968
|
Filleted Unaudited Financial Statements |
|
Year ended 31 March 2024
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
3 |
|
|
|
Statement of Financial Position |
|
31 March 2024
Fixed assets
|
Tangible assets |
5 |
1,187,817 |
1,212,985 |
|
|
|
|
Current assets
|
Debtors |
6 |
24,003 |
37,721 |
|
Cash at bank and in hand |
20 |
4,100 |
|
-------- |
-------- |
|
24,023 |
41,821 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
20,686 |
6,359 |
|
-------- |
-------- |
|
Net current assets |
3,337 |
35,462 |
|
------------ |
------------ |
|
Total assets less current liabilities |
1,191,154 |
1,248,447 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
8 |
1,170,756 |
1,232,428 |
|
------------ |
------------ |
|
Net assets |
20,398 |
16,019 |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
20,396 |
16,017 |
|
-------- |
-------- |
|
Shareholders funds |
20,398 |
16,019 |
|
-------- |
-------- |
|
|
|
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 March 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 March 2024
These financial statements were approved by the
board of directors
and authorised for issue on
4 June 2025
, and are signed on behalf of the board by:
Company registration number:
12962968
|
Notes to the Financial Statements |
|
Year ended 31 March 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 20-22 Vestry Street, London, N1 7RE, United Kingdom.
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.
Going concern
The accounts have been prepared on a going concern basis which relies upon the continuing support of the directors.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Freehold property |
- |
2% straight line |
|
|
|
|
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other administrative expenses. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the period was 1 (2023: 1).
5.
Tangible assets
|
Freehold property |
|
£ |
|
Cost |
|
|
At 1 April 2023 and 31 March 2024 |
1,258,420 |
|
------------ |
|
Depreciation |
|
|
At 1 April 2023 |
45,435 |
|
Charge for the year |
25,168 |
|
------------ |
|
At 31 March 2024 |
70,603 |
|
------------ |
|
Carrying amount |
|
|
At 31 March 2024 |
1,187,817 |
|
------------ |
|
At 31 March 2023 |
1,212,985 |
|
------------ |
|
|
6.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
21,223 |
422 |
|
Other debtors |
2,780 |
37,299 |
|
-------- |
-------- |
|
24,003 |
37,721 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Trade creditors |
6,259 |
2,644 |
|
Social security and other taxes |
13,227 |
2,565 |
|
Other creditors |
1,200 |
1,150 |
|
-------- |
------- |
|
20,686 |
6,359 |
|
-------- |
------- |
|
|
|
8.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
652,692 |
666,801 |
|
Other creditors |
518,064 |
565,627 |
|
------------ |
------------ |
|
1,170,756 |
1,232,428 |
|
------------ |
------------ |
|
|
|
Bank loans and overdrafts are secured by way of a fixed and floating charge over the property and undertakings of the company.
9.
Director's advances, credits and guarantees
At the year end the company was owed £86 (2023: £36,586) by the directors. During the year the company made aggregate advances to the directors of £Nil and the directors made aggregate repayments of £36,500. Interest of £Nil was charged on the balance.
10.
Controlling party
The ultimate parent company is
Jacuna Ltd
, a company registered in England & Wales. The registered address of the ultimate controlling party is: 20-22 Vestry Street, London, N1 7RE
.