COMPANY REGISTRATION NUMBER:
13597309
|
Filleted unaudited financial statements |
|
|
Statement of financial position |
|
30 September 2025
Fixed assets
|
Tangible assets |
4 |
|
110,000 |
|
102,000 |
|
|
|
|
|
|
Current assets
|
Debtors |
5 |
202 |
|
209 |
|
|
Cash at bank and in hand |
85,942 |
|
19,094 |
|
|
-------- |
|
-------- |
|
|
86,144 |
|
19,303 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
200,700 |
|
134,710 |
|
|
--------- |
|
--------- |
|
|
Net current liabilities |
|
114,556 |
|
115,407 |
|
|
--------- |
|
--------- |
|
Total assets less current liabilities |
|
(
4,556) |
|
(
13,407) |
|
|
-------- |
|
-------- |
|
Net liabilities |
|
(
4,556) |
|
(
13,407) |
|
|
-------- |
|
-------- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
3 |
|
3 |
|
Profit and loss account |
|
(
4,559) |
|
(
13,410) |
|
|
-------- |
|
-------- |
|
Shareholders deficit |
|
(
4,556) |
|
(
13,407) |
|
|
-------- |
|
-------- |
|
|
|
|
|
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 30th September 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
22 December 2025
, and are signed on behalf of the board by:
|
Mr L E Clark |
Mrs S E Clark |
|
Director |
Director |
|
|
Company registration number:
13597309
|
Notes to the financial statements |
|
Year ended 30th September 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 3 Kershaw Lane, Knottingley, WF11 0PG, 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, 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.
Revenue recognition
Revenue comprises the fair value of consideration received or receivable, net of value added tax. Revenue is recognised once the value of the transaction can be reliably measured and the significant risks and rewards of ownership have been transferred. Revenue in respect of rental income received from investment properties is recognised on a straight-line basis over the term of the lease.
Income tax
Taxation represents the sum of tax currently payable and deferred tax. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset is realised.
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.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any net gain on valuation is recognised in a non-distributable reserve.
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.
Financial instruments
Basic financial instruments are recognised at amortised cost. The company holds the following financial assets and liabilities: Cash Short-term trade and other debtors and creditors Cash in the balance sheet comprises cash at bank. Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account before operating profit.
4.
Tangible assets
|
Freehold property |
|
£ |
|
Cost or valuation |
|
|
At 1st October 2024 |
102,000 |
|
Revaluations |
8,000 |
|
--------- |
|
At 30th September 2025 |
110,000 |
|
--------- |
|
Depreciation |
|
|
At 1st October 2024 and 30th September 2025 |
– |
|
--------- |
|
Carrying amount |
|
|
At 30th September 2025 |
110,000 |
|
--------- |
|
At 30th September 2024 |
102,000 |
|
--------- |
|
|
The Directors valued the investment property as at 30th September 2025 by reference to the Zoopla website valuation service
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
202 |
209 |
|
-------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
199 |
709 |
|
Other creditors |
200,501 |
134,001 |
|
--------- |
--------- |
|
200,700 |
134,710 |
|
--------- |
--------- |
|
|
|
7.
Directors' advances, credits and guarantees
No advances were made to any director of the company during the year and no amounts in respect of advances to directors were outstanding at the year end. The company has not provided any guarantees on behalf of its directors during the year.
8.
Related party transactions
During the year the company entered into the following transactions with related parties:
|
Transaction value |
Balance owed by/(owed to) |
|
2025 |
2024 |
2025 |
2024 |
|
£ |
£ |
£ |
£ |
|
LC Plant Services Ltd |
40,000 |
(
34)
|
(
28,434) |
(
68,434) |
|
-------- |
-------- |
-------- |
-------- |
|
|
|
|
|
Two of the company directors are also directors of LC Plant Services Ltd with which the company operates a loan account. The loan is interest free and repayable on demand. As of 30th September 2025 the outstanding balance owed to LC Plant Services on the loan was £28,434 (2024 - £68,434).