COMPANY REGISTRATION NUMBER:
08330927
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
28 March 2025
Current assets
|
Debtors |
6 |
870,989 |
887,026 |
|
Cash at bank and in hand |
31,610 |
43,665 |
|
--------- |
--------- |
|
902,599 |
930,691 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
699,480 |
727,480 |
|
--------- |
--------- |
|
Net current assets |
203,119 |
203,211 |
|
--------- |
--------- |
|
Total assets less current liabilities |
203,119 |
203,211 |
|
--------- |
--------- |
|
Net assets |
203,119 |
203,211 |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
1 |
1 |
|
Profit and loss account |
203,118 |
203,210 |
|
--------- |
--------- |
|
Shareholders funds |
203,119 |
203,211 |
|
--------- |
--------- |
|
|
|
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 28 March 2025 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
10 December 2025
, and are signed on behalf of the board by:
Company registration number:
08330927
|
Notes to the Financial Statements |
|
Year ended 28 March 2025
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 4th Floor, 58-59 Great Marlborough Street, London, W1F 7JY, UK.
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.
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.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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. 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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Tax on (loss)/profit
Major components of tax expense
|
|
Period from |
|
Year to |
1 Apr 23 to |
|
28 Mar 25 |
28 Mar 24 |
|
£ |
£ |
|
|
|
Current tax:
|
UK current tax expense |
– |
20,217 |
|
---- |
-------- |
|
Tax on (loss)/profit |
– |
20,217 |
|
---- |
-------- |
|
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
870,989 |
887,026 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
110,670 |
110,670 |
|
Social security and other taxes |
545,810 |
570,810 |
|
Other creditors |
43,000 |
46,000 |
|
--------- |
--------- |
|
699,480 |
727,480 |
|
--------- |
--------- |
|
|
|
8.
Related party transactions
Mr.
Fenton Higgins
, the sole director, is a partner of Higgins Fairbairn & Co. that charged fees of £NIL (2024: £3,000) for Management and Accountancy services. As at the year end there was an amount of £43,000 due to Higgins Fairbairn & Co. by the company which is unsecured, interest free and repayable on demand.