Andromeda Land & Property Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 08550016

Andromeda Land & Property Limited

Filleted Unaudited Financial Statements

30 September 2024

Andromeda Land & Property Limited

Financial Statements

Year ended 30 September 2024

Contents	Pages

Chartered accountant's report to the director on the preparation of the unaudited statutory financial statements	1

Statement of financial position	2 to 3

Notes to the financial statements	4 to 7

Andromeda Land & Property Limited

Chartered Accountant's Report to the Director on the Preparation of the Unaudited Statutory Financial Statements of Andromeda Land & Property Limited

Year ended 30 September 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Andromeda Land & Property Limited for the year ended 30 September 2024, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the director of Andromeda Land & Property Limited in accordance with the terms of our engagement letter dated 18 June 2024. Our work has been undertaken solely to prepare for your approval the financial statements of Andromeda Land & Property Limited and state those matters that we have agreed to state to you in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Andromeda Land & Property Limited and its director for our work or for this report.

It is your duty to ensure that Andromeda Land & Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Andromeda Land & Property Limited. You consider that Andromeda Land & Property Limited is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of Andromeda Land & Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HEBBLETHWAITES Chartered accountants

2 Westbrook Court Sharrow Vale Road Sheffield S11 8YZ

29 September 2025

Andromeda Land & Property Limited

Statement of Financial Position

30 September 2024

	2024	2023
Note	£	£

Fixed assets

Tangible assets	4	747	1,079

Current assets

Debtors	5	149	30,863
Cash at bank and in hand		251	45
		----	--------
		400	30,908

Creditors: amounts falling due within one year	6	40,046	72,395
		--------	--------
Net current liabilities		39,646	41,487
		--------	--------
Total assets less current liabilities		( 38,899)	( 40,408)

Creditors: amounts falling due after more than one year	7	32,870	32,870
		--------	--------
Net liabilities		( 71,769)	( 73,278)
		--------	--------

Andromeda Land & Property Limited

Statement of Financial Position (continued)

30 September 2024

	2024	2023
Note	£	£

Capital and reserves

Called up share capital	100	100
Profit and loss account	( 71,869)	( 73,378)
	--------	--------
Shareholder deficit	( 71,769)	( 73,278)
	--------	--------

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 30 September 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 member has 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 .

These financial statements were approved by the board of directors and authorised for issue on 26 September 2025 , and are signed on behalf of the board by:

Mr B Kay
Director

Company registration number: 08550016

Andromeda Land & Property Limited

Notes to the Financial Statements

Year ended 30 September 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 12 Acacia Close, Worksop, S80 3RD.

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 investment properties measured at fair value through profit or loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Going concern

At the period end date,the Statement of Financial Position reflects a net liability position. The financial statements have, however, been prepared on the going concern principle, this by reference to the ongoing financial facilities available to the company by way of bank funding. The director is of the opinion, therefore, that the going concern principle remains valid in the circumstances.

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:

Log Cabin	-	10% straight line
Fixtures and fittings	-	33% straight line
Office equipment	-	33% straight line

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. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

Financial instruments

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.

4. Tangible assets

	Plant and machinery	Fixtures and fittings	Equipment	Total
	£	£	£	£
Cost
At 1 October 2023	1,167	5,881	4,281	11,329
Additions	–	–	277	277
	-------	-------	-------	--------
At 30 September 2024	1,167	5,881	4,558	11,606
	-------	-------	-------	--------
Depreciation
At 1 October 2023	671	5,880	3,699	10,250
Charge for the year	117	–	492	609
	-------	-------	-------	--------
At 30 September 2024	788	5,880	4,191	10,859
	-------	-------	-------	--------
Carrying amount
At 30 September 2024	379	1	367	747
	-------	-------	-------	--------
At 30 September 2023	496	1	582	1,079
	-------	-------	-------	--------

5. Debtors

	2024	2023
	£	£
Other debtors	149	30,863
	----	--------

6. Creditors: amounts falling due within one year

	2024	2023
	£	£
Bank loans and overdrafts	5,556	5,556
Trade creditors	4,518	4,742
Related company loan accounts	–	37,653
Other creditors	29,972	24,444
	--------	--------
	40,046	72,395
	--------	--------

Related party creditors, as above, comprise interest free loans from companies under common directorship and control, in relation to which there are no formal repayment terms.

7. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Bank loans and overdrafts	32,870	32,870
	--------	--------

Of the total bank loan as above, £10,648 (2023: £10,648) is scheduled for repayment after more than five years from the current accounting date.

8. Director's advances, credits and guarantees

A loan account exists as between the company and the director. At the year end date, a total of £27,947 was outstanding in this respect, being a balance owing to the director by the company and in respect of which there are no formal repayment terms and interest is not being charged (2023: £22,419)

9. Related party transactions

The company is related to two other entities with common directorships and shareholdings, in relation to which outstanding inter-company loan account balances have been written off during the year as follows: Andromeda Investigates International Ltd £30,709 written off as a credit in the year with no remaining closing balance at the year end date Andromeda Employment Services Ltd £2,175 written off as a charge in the year with no remaining closing balance at the year end date