COMPANY REGISTRATION NUMBER:
08088127
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Current assets
|
Debtors |
5 |
1,350,434 |
|
1,349,097 |
|
Cash at bank and in hand |
10,488 |
|
3,197 |
|
------------ |
|
------------ |
|
1,360,922 |
|
1,352,294 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
1,397,840 |
|
1,227,124 |
|
------------ |
|
------------ |
|
Net current (liabilities)/assets |
|
(
36,918) |
125,170 |
|
|
-------- |
--------- |
|
Total assets less current liabilities |
|
(
36,918) |
125,170 |
|
|
-------- |
--------- |
|
Net (liabilities)/assets |
|
(
36,918) |
125,170 |
|
|
-------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
1,000 |
1,000 |
|
Profit and loss account |
|
(
37,918) |
124,170 |
|
|
-------- |
--------- |
|
Shareholders (deficit)/funds |
|
(
36,918) |
125,170 |
|
|
-------- |
--------- |
|
|
|
|
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 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' 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 directors acknowledge their 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
24 December 2025
, and are signed on behalf of the board by:
|
Mr W Woodward-Fisher |
|
Director |
|
Company registration number:
08088127
|
Notes to the Financial Statements |
|
Year ended 31 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 7 Queripel House, 1 Duke of York Square, Kings Road, London, SW3 4LY.
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
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more, or a right to pay less or to receive more tax. Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than not that there will be suitable taxable profits from which the future reversal of the underlying timing differences can be deducted. Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the periods in which timing differences reverse, based on tax rates and laws enacted or substantively enacted at the balance sheet date.
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:
|
Fixtures and fittings |
- |
20% 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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4.
Tangible assets
|
Fixtures and fittings |
Total |
|
£ |
£ |
|
Cost |
|
|
|
At 1 April 2024 and 31 March 2025 |
1,791 |
1,791 |
|
------- |
------- |
|
Depreciation |
|
|
|
At 1 April 2024 and 31 March 2025 |
1,791 |
1,791 |
|
------- |
------- |
|
Carrying amount |
|
|
|
At 31 March 2025 |
– |
– |
|
------- |
------- |
|
At 31 March 2024 |
– |
– |
|
------- |
------- |
|
|
|
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
1,350,434 |
1,349,097 |
|
------------ |
------------ |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
17,529 |
16,860 |
|
Other creditors |
1,380,311 |
1,210,264 |
|
------------ |
------------ |
|
1,397,840 |
1,227,124 |
|
------------ |
------------ |
|
|
|
Other creditors include loan of £1,207,764 (2024: £1,207,764) which is unsecured, interest free and repayable on demand from a related company under common directorship
7.
Operating leases
The total future minimum lease payments under non-cancellable operating leases are as follows:
|
2025 |
2024 |
|
£ |
£ |
|
Not later than 1 year |
40,640 |
40,640 |
|
Later than 1 year and not later than 5 years |
10,160 |
50,800 |
|
-------- |
-------- |
|
50,800 |
91,440 |
|
-------- |
-------- |
|
|
|
8.
Related party transactions
Other debtors include loans of £1,202,910 (2024: £1,202,910) to connected companies in which Mr. Woodward-Fisher is the director and shareholder. The loans are unsecured, interest free and repayable on demand As at the year end, there was a director's loan of £170,049 (2024: £nil) due from the company, which is interest-free and repayable on demand.