COMPANY REGISTRATION NUMBER:
10098039
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Statement of Financial Position |
|
30 September 2024
Current assets
|
Debtors |
29,797 |
|
22,048 |
|
Cash at bank and in hand |
5,714 |
|
1,461 |
|
--------- |
|
--------- |
|
35,511 |
|
23,509 |
|
|
|
|
|
Creditors: amounts falling due within one year |
(
211,206) |
|
(
212,192) |
|
---------- |
|
---------- |
|
Net current liabilities |
|
(
175,695) |
(
188,683) |
|
|
---------- |
---------- |
|
Total assets less current liabilities |
|
(
175,695) |
(
188,683) |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
|
(
7,500) |
(
16,850) |
|
|
---------- |
---------- |
|
Net liabilities |
|
(
183,195) |
(
205,533) |
|
|
---------- |
---------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
(
183,295) |
(
205,633) |
|
|
---------- |
---------- |
|
Shareholders deficit |
|
(
183,195) |
(
205,533) |
|
|
---------- |
---------- |
|
|
|
|
These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 30th September 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 abridged 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 abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 30th September 2024 in accordance with Section 444(2A) of the Companies Act 2006.
|
Abridged Statement of Financial Position (continued) |
|
30 September 2024
These abridged financial statements were approved by the
board of directors
and authorised for issue on
20 June 2025
, and are signed on behalf of the board by:
Company registration number:
10098039
|
Notes to the Abridged Financial Statements |
|
Year ended 30th September 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 Suite 1.10, 16 Berkeley Street, London, W1J 8DZ.
2.
Statement of compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
Income tax
The taxation expense represents the aggregate amount of current tax recognised in the reporting period. Tax is recognised in profit or loss.
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.
Employee numbers
The average number of persons employed by the company during the year amounted to Nil
(2023: Nil).
5.
Related party transactions
At the year end the company owed £199,425 to its parent Principal Global Solutions Limited.