Company registration number 14604195 (England and Wales)
179-181 BRIGHTON RD (WORTHING) LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
PAGES FOR FILING WITH REGISTRAR
179-181 BRIGHTON RD (WORTHING) LTD
CONTENTS
Page
Accountants' report
1
Balance sheet
2
Statement of changes in equity
3
Notes to the financial statements
4 - 6
179-181 BRIGHTON RD (WORTHING) LTD
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF 179-181 BRIGHTON RD (WORTHING) LTD FOR THE PERIOD ENDED 31 JANUARY 2025
- 1 -
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of 179-181 Brighton Rd (Worthing) Ltd for the period ended 31 January 2025 which comprise, the balance sheet, the statement of changes in equity and the related notes from the company’s accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com/regulation.
This report is made solely to the board of directors of 179-181 Brighton Rd (Worthing) Ltd, as a body, in accordance with the terms of our engagement letter dated 7 February 2024. Our work has been undertaken solely to prepare for your approval the financial statements of 179-181 Brighton Rd (Worthing) Ltd and state those matters that we have agreed to state to the board of directors of 179-181 Brighton Rd (Worthing) Ltd, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than 179-181 Brighton Rd (Worthing) Ltd and its board of directors as a body, for our work or for this report.
It is your duty to ensure that 179-181 Brighton Rd (Worthing) Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of 179-181 Brighton Rd (Worthing) Ltd. You consider that 179-181 Brighton Rd (Worthing) Ltd is exempt from the statutory audit requirement for the period.
We have not been instructed to carry out an audit or a review of the financial statements of 179-181 Brighton Rd (Worthing) Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Carpenter Box
22 May 2025
Chartered Accountants
Amelia House
Crescent Road
Worthing
West Sussex
BN11 1RL
179-181 BRIGHTON RD (WORTHING) LTD
BALANCE SHEET
AS AT
31 JANUARY 2025
31 January 2025
- 2 -
31 January 2025
31 December 2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
112,271
Current assets
Debtors
4
19,100
Creditors: amounts falling due within one year
5
(1,500)
(134,121)
Net current liabilities
(1,500)
(115,021)
Net liabilities
(1,500)
(2,750)
Capital and reserves
Called up share capital
6
100
100
Profit and loss reserves
(1,600)
(2,850)
Total equity
(1,500)
(2,750)
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial period ended 31 January 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The financial statements were approved by the board of directors and authorised for issue on 22 May 2025 and are signed on its behalf by:
Per M Strom
Director
Company registration number 14604195 (England and Wales)
179-181 BRIGHTON RD (WORTHING) LTD
STATEMENT OF CHANGES IN EQUITY
FOR THE PERIOD ENDED 31 JANUARY 2025
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Share capital
Profit and loss reserves
Total
Notes
£
£
£
Balance at 19 January 2023
-
Period ended 31 December 2023:
Loss and total comprehensive income
-
(2,850)
(2,850)
Issue of share capital
6
100
-
100
Balance at 31 December 2023
100
(2,850)
(2,750)
Period ended 31 January 2025:
Profit and total comprehensive income
-
1,250
1,250
Balance at 31 January 2025
100
(1,600)
(1,500)
179-181 BRIGHTON RD (WORTHING) LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 JANUARY 2025
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1
Accounting policies
Company information
179-181 Brighton Rd (Worthing) Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 6 Windsor Road, Worthing, West Sussex, BN11 2LX.
1.1
Reporting period
The reporting length of the prior period was 11 months to 31 December 2023 and this reporting period is 13 months to 31 January 2025. Comparative amounts may not be entirely comparable.
1.2
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention, The principal accounting policies adopted are set out below.
1.3
Going concern
The company ceased trading trueon 31 January 2025 and therefore cannot be considered a going concern. The business is being wound up in a controlled and solvent manner and the directors are of the opinion that this does not adversely affect the value of the balance sheet at 31 January 2025
1.4
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Leasehold land and buildings
Over the term of the lease
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.5
Cash and cash equivalents
Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.
1.6
Financial instruments
The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.
Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost.
179-181 BRIGHTON RD (WORTHING) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
1
Accounting policies
(Continued)
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Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price.
1.7
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
Current tax
The tax currently payable is based on taxable profit for the year.
2
Employees
The average monthly number of persons (including directors) employed by the company during the period was 0 (2023 - 0).
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 January 2024
112,271
Disposals
(112,271)
At 31 January 2025
Depreciation and impairment
At 1 January 2024 and 31 January 2025
Carrying amount
At 31 January 2025
At 31 December 2023
112,271
4
Debtors
2025
2023
Amounts falling due within one year:
£
£
Other debtors
19,100
179-181 BRIGHTON RD (WORTHING) LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 JANUARY 2025
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5
Creditors: amounts falling due within one year
2025
2023
£
£
Amounts owed to group undertakings
132,621
Other creditors
1,500
1,500
1,500
134,121
6
Called up share capital
2025
2023
2025
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
100
100
100
100
7
Related party transactions
During the year a group company purchased the freehold for the property previously held as a leasehold property in this company. As part of the restructure, the leasehold has been released and this company is being wound up.