COMPANY REGISTRATION NUMBER:
11616791
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
31 October 2024
Fixed assets
|
Tangible assets |
5 |
354,682 |
354,682 |
|
Investments |
6 |
877,659 |
877,659 |
|
----------- |
----------- |
|
1,232,341 |
1,232,341 |
|
|
|
|
Current assets
|
Debtors |
7 |
113,115 |
107,051 |
|
Cash at bank and in hand |
30,701 |
60,034 |
|
-------- |
-------- |
|
143,816 |
167,085 |
|
|
|
|
|
Creditors: amounts falling due within one year |
8 |
(
6,803) |
(
96,235) |
|
-------- |
-------- |
|
Net current assets |
137,013 |
70,850 |
|
----------- |
----------- |
|
Total assets less current liabilities |
1,369,354 |
1,303,191 |
|
|
|
|
|
Creditors: amounts falling due after more than one year |
9 |
(
1,159,129) |
(
1,064,163) |
|
----------- |
----------- |
|
Net assets |
210,225 |
239,028 |
|
----------- |
----------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
10 |
1 |
1 |
|
Profit and loss account |
210,224 |
239,027 |
|
-------- |
-------- |
|
Shareholders funds |
210,225 |
239,028 |
|
-------- |
-------- |
|
|
|
|
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 profit and loss account has not been delivered.
For the year ending 31 October 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
.
These financial statements were approved by the
board of directors
and authorised for issue on
29 October 2025
, and are signed on behalf of the board by:
Company registration number:
11616791
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 OCTOBER 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 2 Crossways Business Centre, Bicester Road, Kingswood, Aylesbury, HP18 0RA, England.
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. The financial statements are prepared in sterling, which is the functional currency of the entity. Monetary amounts in these financial statements are rounded to the nearest pound. The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to ail years presented unless otherwise stated.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
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
The company has chosen to adopt sections 11 and 12 of FRS 102 in respect of financial instruments. Basic financial assets, which include other receivables and cash and bank balances, 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. At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment, if an asset is impaired the impairment loss is the difference between the carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss. Basic financial liabilities, which include trade and other payables and loans from group undertakings, 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 receipts discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Trade payables are obligations to pay for goods that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year of less. If not, then they are presented as non-current liabilities. Trade payables are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method. Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2023:
2
).
5.
Tangible assets
|
Freehold property |
|
£ |
|
Cost |
|
|
At 1 November 2023 and 31 October 2024 |
354,682 |
|
-------- |
|
Depreciation |
|
|
At 1 November 2023 and 31 October 2024 |
– |
|
-------- |
|
Carrying amount |
|
|
At 31 October 2024 |
354,682 |
|
-------- |
|
At 31 October 2023 |
354,682 |
|
-------- |
|
|
6.
Investments
|
Other investments other than loans |
|
£ |
|
Cost |
|
|
At 1 November 2023 and 31 October 2024 |
877,659 |
|
-------- |
|
Impairment |
|
|
At 1 November 2023 and 31 October 2024 |
– |
|
-------- |
|
|
|
Carrying amount |
|
|
At 31 October 2024 |
877,659 |
|
-------- |
|
At 31 October 2023 |
877,659 |
|
-------- |
|
|
7.
Debtors
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
18,964 |
19,049 |
|
Other debtors |
94,151 |
88,002 |
|
-------- |
-------- |
|
113,115 |
107,051 |
|
-------- |
-------- |
|
|
|
8.
Creditors:
amounts falling due within one year
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
3 |
5 |
|
Trade creditors |
– |
75,079 |
|
Corporation tax |
– |
15,751 |
|
Other creditors |
6,800 |
5,400 |
|
------ |
------- |
|
6,803 |
96,235 |
|
------ |
------- |
|
|
|
9.
Creditors:
amounts falling due after more than one year
|
2024 |
2023 |
|
£ |
£ |
|
Amounts owed to group undertakings |
1,159,129 |
1,064,163 |
|
----------- |
----------- |
|
|
|
10.
Called up share capital
Issued, called up and fully paid
|
2024 |
2023 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 0.01 each |
100 |
1 |
100 |
1 |
|
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---- |
---- |
---- |
|
|
|
|
|