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(1) General Information
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| The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is 5 Station Approach, London, Middlesex, HA0 2LA. |
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(2) Statement of compliance
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| These individual financial statements have been prepared in accordance with FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" Section 1A and Companies Act 2006, as applicable to companies subject to the small companies' regime. |
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(3) Significant Accounting Policies
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Basis of Preparation
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| The financial statements have been prepared on the historical cost basis and in accordance with the Companies Act 2006. The presentation and functional currency of the company is pounds sterling. The financial statements are presented in pound units (£) unless stated otherwise. |
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Revenue recognition
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| 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. The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity and when specific criteria have been met as described below. |
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Sale of goods
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| Sales of goods are recognised when the company has delivered the goods to the customer, no other significant obligation remains unfulfilled that may affect the customer's acceptance of the products and risks and rewards of ownership have transferred to them. |
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Rendering of Services
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| Revenue from provision of services rendered in the reporting period is recognised when the outcome of a transaction for the rendering of services can be estimated reliably in terms of revenue, costs and its stage of completion of the specific transaction at the end of the reporting period. The stage of completion is determined on the basis of the actual completion of a proportion of the total services to be rendered. When the outcome of a service contract cannot be estimated reliably the company only recognises revenue to the extent of the recoverable expenses recognised. |
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Rental income
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| Rental income from operating leases are recognised on a straight-line basis over the term of the relevant lease. Rental Income is included within other income from fixed assets. |
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Borrowing costs
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| All borrowing related costs are included within the statement of income in the period in which they are incurred using the effective interest method. |
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Intangible fixed assets
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| Intangible fixed assets are stated at cost less accumulated amortisation and accumalated impairment losses. The assets are reviewed for impairment if above factors indicate that the carrying amount may be impaired. Amortisation is included in 'administrative expenses' in the profit and loss account. |
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Property, plant and equipment
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Property, plant and equipment is stated at cost less accumulated depreciation and impairment losses. Part of an item of property, plant and equipment having different useful lives are accounted for as separate items.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives, using the straight-line method. The estimated useful lives, residual values and depreciation method are reviewed at the end of each reporting period, with the effect of any changes in estimate accounted for on a prospective basis.
Depreciation is provided to write off the cost less estimated residual value, of each asset over its expected useful life as follows:
| | Asset class and depreciation rate | | Land and Buildings | | | Plant and Machinery | 25% reducing balance | | Short Leasehold Properties | | | Investment Properties | | | Long Leasehold Properties | 10% straight line | | Commercial Vehicles | | | Fixtures and Fittings | 25% reducing balance | | Equipment | | | Motor Cars | |
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(4) Employees
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| During the year, the average number of employees including director was 0 (2023 : 0). |
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(5) Directors advances, credit and guarantees
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Overdrawn
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| At the year-end, the director owed £4,595 to the company, the balance was repaid on 30 April 2025. | |
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(6) Fixed assets
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| Intangible
£ | Tangible
£ | Totals
£ | | Cost | | | | | As at 01 October 2023 | 30,000 | 26,561 | 56,561 | | As at 30 September 2024 | 30,000 | 26,561 | 56,561 | | Depreciation/Amortisation | | | | | As at 01 October 2023 | 6,000 | 10,112 | 16,112 | | For the year | 3,000 | 3,556 | 6,556 | | As at 30 September 2024 | 9,000 | 13,668 | 22,668 | | Net book value | | | | | As at 30 September 2024 | 21,000 | 12,893 | 33,893 | | As at 30 September 2023 | 24,000 | 16,449 | 40,449 |
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