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SOUTH RIBBLE TIMBER CO. LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
South Ribble Timber Co. Limited is a private company limited by shares, incorporated in England and Wales and domiciled in the United Kingdom. The address of the registered office is Littles Lane, Wolverhampton, WV1 1JY.
The Company was dormant and did not trade during the year.
2.Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 company is not currently trading but the directors have concluded that it is appropriate to continue to adopt the going concern basis of accounting in preparing these financial statements.
Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.
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The Company has no employees other than the directors, who did not receive any remuneration (2023 - £NIL).
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The average monthly number of employees, including directors, during the year was 0 (2023 - 0).
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Amounts owed by group undertakings
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