Balance sheet continued

As at 31 December 2024

	Notes	2024 £	2023 £
Capital and reserves
Called up share capital:		1	1
Revaluation reserve:	8	415,863	415,863
Profit and loss account:		( 392,704 )	( 385,479 )
Shareholders funds:		23,160	30,385

For the year ending 31 December 2024 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2024

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
  
  Computer Equipment 33% Straight Line
  

  Intangible fixed assets amortisation policy

  Other intangible assets include the exclusive licence fee for the exploitation of SAPC carbon material in the health and fitness sectors. It is amortised to the profit and loss account over its estimated economic life of 10 years.