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COMPANY REGISTRATION NUMBER: 13279393
Willoughby Place Piedmont Road Ltd
Filleted Unaudited Financial Statements
31 May 2025
Willoughby Place Piedmont Road Ltd
Statement of Financial Position
31 May 2025
2025
2024
Note
£
£
Fixed assets
Tangible assets
5
28,775
28,775
Current assets
Debtors
6
100
100
Cash at bank and in hand
3,848
117,107
-------
---------
3,948
117,207
Creditors: amounts falling due within one year
7
4,832
119,087
-------
---------
Net current liabilities
884
1,880
--------
--------
Total assets less current liabilities
27,891
26,895
--------
--------
Net assets
27,891
26,895
--------
--------
Capital and reserves
Called up share capital
100
100
Profit and loss account
27,791
26,795
--------
--------
Shareholders funds
27,891
26,895
--------
--------
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 May 2025 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 her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Willoughby Place Piedmont Road Ltd
Statement of Financial Position (continued)
31 May 2025
These financial statements were approved by the board of directors and authorised for issue on 14 July 2025 , and are signed on behalf of the board by:
G Costa
Director
Company registration number: 13279393
Willoughby Place Piedmont Road Ltd
Notes to the Financial Statements
Year ended 31 May 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 Unit 2, 32-34 Station Close, Potters Bar, EN6 1TL, Herts.
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 measured at fair value through profit or loss.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
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. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
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:
Plant and machinery
-
25% reducing balance
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.
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.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 1 (2024: 4 ).
5. Tangible assets
Plant and machinery
£
Cost
At 1 June 2024 and 31 May 2025
49,275
--------
Depreciation
At 1 June 2024 and 31 May 2025
20,500
--------
Carrying amount
At 31 May 2025
28,775
--------
At 31 May 2024
28,775
--------
6. Debtors
2025
2024
£
£
Other debtors
100
100
----
----
7. Creditors: amounts falling due within one year
2025
2024
£
£
Amounts owed to group undertakings and undertakings in which the company has a participating interest
2,919
117,174
Other creditors
1,913
1,913
-------
---------
4,832
119,087
-------
---------
8. Controlling party
The company is under the control of G Costa .