COMPANY REGISTRATION NUMBER:
08822106
|
Filleted Unaudited Financial Statements |
|
31 December 2024
Fixed assets
|
Tangible assets |
6 |
|
1,179 |
2,367 |
|
|
|
|
|
Current assets
|
Cash at bank and in hand |
19,981 |
|
36,496 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
(
2,742) |
|
(
3,782) |
|
-------- |
|
-------- |
|
Net current assets |
|
17,239 |
32,714 |
|
|
-------- |
-------- |
|
Total assets less current liabilities |
|
18,418 |
35,081 |
|
|
|
|
|
Provisions
|
Taxation including deferred tax |
|
(
224) |
(
498) |
|
|
-------- |
-------- |
|
Net assets |
|
18,194 |
34,583 |
|
|
-------- |
-------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
18,094 |
34,483 |
|
|
-------- |
-------- |
|
Shareholders funds |
|
18,194 |
34,583 |
|
|
-------- |
-------- |
|
|
|
|
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 December 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
.
|
Balance Sheet (continued) |
|
31 December 2024
These financial statements were approved by the
board of directors
and authorised for issue on
2 September 2025
, and are signed on behalf of the board by:
Company registration number:
08822106
|
Notes to the Financial Statements |
|
Year ended 31 December 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 Devonshire House, 582 Honeypot Lane, Stanmore, Middlesex, HA7 1JS.
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.
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. There are no significant judgements (apart from those involving estimations) that management has made in the process of applying the entity's accounting policies and that have the most significant effect on the amounts recognised in the financial statements.
Revenue recognition
The turnover shown in the profit and loss account represents fee income receivable for the period.
Taxation
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. 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.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
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:
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 balance sheet and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.
Cash and cash equivalents
Cash and cash equivalents are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tax on loss
Major components of tax income
Deferred tax:
|
Origination and reversal of timing differences |
(
274) |
(
177) |
|
---- |
---- |
|
Tax on loss |
(
274) |
(
177) |
|
---- |
---- |
|
|
|
6.
Tangible assets
|
Equipment |
Total |
|
£ |
£ |
|
Cost |
|
|
|
At 1 January 2024 and 31 December 2024 |
|
7,492 |
|
------- |
------- |
|
Depreciation |
|
|
|
At 1 January 2024 |
|
5,125 |
|
Charge for the year |
|
1,188 |
|
------- |
------- |
|
At 31 December 2024 |
|
6,313 |
|
------- |
------- |
|
Carrying amount |
|
|
|
At 31 December 2024 |
|
1,179 |
|
------- |
------- |
|
At 31 December 2023 |
|
2,367 |
|
------- |
------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
90 |
85 |
|
Accruals and deferred income |
1,910 |
1,910 |
|
Social security and other taxes |
600 |
600 |
|
Director loan accounts |
142 |
1,187 |
|
------- |
------- |
|
2,742 |
3,782 |
|
------- |
------- |
|
|
|
8.
Deferred tax
The deferred tax included in the balance sheet is as follows:
|
2024 |
2023 |
|
£ |
£ |
|
Included in provisions |
224 |
498 |
|
---- |
---- |
|
|
|
The deferred tax account consists of the tax effect of timing differences in respect of:
|
2024 |
2023 |
|
£ |
£ |
|
Accelerated capital allowances |
224 |
498 |
|
---- |
---- |
|
|
|