COMPANY REGISTRATION NUMBER:
11424402
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 March 2025
Fixed assets
|
Investments |
4 |
200,000 |
200,000 |
|
|
|
|
Current assets
|
Investments |
5 |
9 |
362,429 |
|
Cash at bank and in hand |
5,097 |
– |
|
------- |
--------- |
|
5,106 |
362,429 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
183,726 |
352,173 |
|
--------- |
--------- |
|
Net current (liabilities)/assets |
(
178,620) |
10,256 |
|
--------- |
--------- |
|
Total assets less current liabilities |
21,380 |
210,256 |
|
|
|
|
|
Provisions |
(
830) |
1,744 |
|
-------- |
--------- |
|
Net assets |
22,210 |
208,512 |
|
-------- |
--------- |
|
|
|
Capital and reserves
|
Called up share capital |
7 |
102 |
102 |
|
Profit and loss account |
22,108 |
208,410 |
|
-------- |
--------- |
|
Shareholders funds |
22,210 |
208,512 |
|
-------- |
--------- |
|
|
|
|
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
.
|
Statement of Financial Position (continued) |
|
31 March 2025
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:
Company registration number:
11424402
|
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 3b Swallowfield Courtyard, Wolverhampton Road, Oldbury, B69 2JG.
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.
Disclosure exemptions
The entity meets the criteria of being a small entity as defined by FRS 102 and section 382 of the Companies Act 2006 and has taken advantage of the disclosure exemptions available under paragraph 1A.7 of FRS 102.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
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.
Provisions
Provisions are recognised when the entity has an obligation at the reporting date as a result of a past event, it is probable that the entity will be required to transfer economic benefits in settlement and the amount of the obligation can be estimated reliably. Provisions are recognised as a liability in the statement of financial position and the amount of the provision as an expense. Provisions are initially measured at the best estimate of the amount required to settle the obligation at the reporting date and subsequently reviewed at each reporting date and adjusted to reflect the current best estimate of the amount that would be required to settle the obligation. Any adjustments to the amounts previously recognised are recognised in profit or loss unless the provision was originally recognised as part of the cost of an asset. When a provision is measured at the present value of the amount expected to be required to settle the obligation, the unwinding of the discount is recognised as a finance cost in profit or loss in the period it arises.
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.
4.
Investments
|
Shares in group undertakings |
|
£ |
|
Cost |
|
|
At 1 April 2024 and 31 March 2025 |
200,000 |
|
--------- |
|
Impairment |
|
|
At 1 April 2024 and 31 March 2025 |
– |
|
--------- |
|
|
|
Carrying amount |
|
|
At 31 March 2025 |
200,000 |
|
--------- |
|
At 31 March 2024 |
200,000 |
|
--------- |
|
|
5.
Investments
|
2025 |
2024 |
|
£ |
£ |
|
Investments |
– |
354,981 |
|
Short term deposits |
9 |
7,448 |
|
---- |
--------- |
|
9 |
362,429 |
|
---- |
--------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed to group undertakings |
– |
169,097 |
|
Accruals and deferred income |
1,400 |
750 |
|
Director loan accounts |
5,045 |
5,045 |
|
Amounts due to related parties |
|
|
|
--------- |
--------- |
|
183,726 |
352,173 |
|
--------- |
--------- |
|
|
|
7.
Called up share capital
Issued, called up and fully paid
|
2025 |
2024 |
|
No. |
£ |
No. |
£ |
|
Ordinary shares of £ 1 each |
99 |
99 |
100 |
100 |
|
A Ordinary shares of £ 1 each |
2 |
2 |
2 |
2 |
|
B Ordinary shares of £ 1 each |
1 |
1 |
– |
– |
|
---- |
---- |
---- |
---- |
|
102 |
102 |
102 |
102 |
|
---- |
---- |
---- |
---- |
|
|
|
|
|
On 16 August 2024, one ordinary share was redesignated into a B ordinary share.
8.
Related party transactions
At the year end there was a a balance owed to family member, Colin Ensell, of £177,682 (2024: £177,682).