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No description of principal activity
2024-04-01
Sage Accounts Production Advanced 2024 - FRS102_2024
2,600
650
650
1,300
1,300
1,950
158,509
158,509
158,509
xbrli:pure
xbrli:shares
iso4217:GBP
13699863
2024-04-01
2025-03-31
13699863
2025-03-31
13699863
2024-03-31
13699863
2023-04-01
2024-03-31
13699863
2024-03-31
13699863
2023-03-31
13699863
core:FurnitureFittings
2024-04-01
2025-03-31
13699863
bus:Director1
2024-04-01
2025-03-31
13699863
bus:Director2
2024-04-01
2025-03-31
13699863
core:FurnitureFittings
2024-03-31
13699863
core:FurnitureFittings
2025-03-31
13699863
core:WithinOneYear
2025-03-31
13699863
core:WithinOneYear
2024-03-31
13699863
core:AfterOneYear
2025-03-31
13699863
core:AfterOneYear
2024-03-31
13699863
core:ShareCapital
2025-03-31
13699863
core:ShareCapital
2024-03-31
13699863
core:RetainedEarningsAccumulatedLosses
2025-03-31
13699863
core:RetainedEarningsAccumulatedLosses
2024-03-31
13699863
core:CostValuation
core:Non-currentFinancialInstruments
2025-03-31
13699863
core:Non-currentFinancialInstruments
2025-03-31
13699863
core:Non-currentFinancialInstruments
2024-03-31
13699863
core:FurnitureFittings
2024-03-31
13699863
bus:SmallEntities
2024-04-01
2025-03-31
13699863
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2024-04-01
2025-03-31
13699863
bus:SmallCompaniesRegimeForAccounts
2024-04-01
2025-03-31
13699863
bus:PrivateLimitedCompanyLtd
2024-04-01
2025-03-31
13699863
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2024-04-01
2025-03-31
13699863
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2024-04-01
2025-03-31
13699863
bus:Director1
1
2024-04-01
2025-03-31
13699863
core:AllAssociates
2024-04-01
2025-03-31
COMPANY REGISTRATION NUMBER:
13699863
|
Filleted Unaudited Financial Statements |
|
Year ended 31 March 2025
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
3 |
|
|
|
Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Tangible assets |
5 |
1,300 |
1,950 |
|
Investment Property |
6 |
158,509 |
158,509 |
|
--------- |
--------- |
|
159,809 |
160,459 |
|
|
|
|
Current assets
|
Debtors |
7 |
9,461 |
2,897 |
|
Cash at bank and in hand |
9,241 |
9,181 |
|
-------- |
-------- |
|
18,702 |
12,078 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
88,850 |
85,078 |
|
-------- |
-------- |
|
Net current liabilities |
70,148 |
73,000 |
|
--------- |
--------- |
|
Total assets less current liabilities |
89,661 |
87,459 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
85,280 |
86,908 |
|
|
|
|
|
Provisions |
325 |
– |
|
-------- |
-------- |
|
Net assets |
4,056 |
551 |
|
-------- |
-------- |
|
|
|
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
4,054 |
549 |
|
------- |
---- |
|
Shareholders funds |
4,056 |
551 |
|
------- |
---- |
|
|
|
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 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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 2025
These financial statements were approved by the
board of directors
and authorised for issue on
10 July 2025
, and are signed on behalf of the board by:
|
Mr D G Bridger |
Mrs J L Bridger |
|
Director |
Director |
|
|
Company registration number:
13699863
|
Notes to the Financial Statements |
|
Year ended 31 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 10 Conqueror Court, Sittingbourne, ME10 5BH, England.
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 investments properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
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 and represents amounts receivable for letting of residential property.
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. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and 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:
|
Fixtures and fittings |
- |
25% straight line |
|
|
|
|
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. If a reliable measure of fair value is no longer available without undue cost or effort for an item of investment property, it shall be transferred to tangible assets and treated as such until it is expected that fair value will be reliably measurable on an on-going basis.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense.
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 year, including directors, amounted to 2 (2024: 2).
5.
Tangible assets
|
Fixtures and fittings |
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
2,600 |
|
------- |
|
Depreciation |
|
|
At 1 April 2024 |
650 |
|
Charge for the year |
650 |
|
------- |
|
At 31 March 2025 |
1,300 |
|
------- |
|
Carrying amount |
|
|
At 31 March 2025 |
1,300 |
|
------- |
|
At 31 March 2024 |
1,950 |
|
------- |
|
|
6.
Investment property
|
Total |
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
158,509 |
|
--------- |
|
Impairment |
|
|
At 1 April 2024 and 31 March 2025 |
– |
|
--------- |
|
|
|
Carrying amount |
|
|
At 31 March 2025 |
158,509 |
|
--------- |
|
At 31 March 2024 |
158,509 |
|
--------- |
|
|
Investment property is recorded at open market value as required under FRS102. The investment property above was purchased during a prior period and at the balance sheet date is held at the value of the purchase price plus attributable finance costs and additional capital improvements. The directors still believe this to be an appropriate value for the property.
7.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
9,461 |
2,897 |
|
------- |
------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans |
1,628 |
1,628 |
|
Corporation tax |
5,795 |
998 |
|
Other creditors |
81,427 |
82,452 |
|
-------- |
-------- |
|
88,850 |
85,078 |
|
-------- |
-------- |
|
|
|
Included in creditors falling due in less than one year is £1,628 (2024: £1,601) secured by means of a fixed charge over the investment property.
9.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans |
85,280 |
86,908 |
|
-------- |
-------- |
|
|
|
Included in creditors falling due after more than one year is £85,280 (2024: £88,563) secured by means of a fixed charge over the investment property.
10.
Directors' advances, credits and guarantees
During the year a director was advanced £23,275 (2024: £1,691) and made repayments of £15,472 (2024: £8,500). Interest of £186 was charged on the advances at a rate of 2.25% (2024: £nil). At the balance sheet date a director owed the company £9,461 (2024: £1,472).
11.
Related party transactions
At the balance sheet date the company owed £79,627 (2024: £80,652) to a company under common control.