COMPANY REGISTRATION NUMBER:
15622283
|
Filleted Unaudited Abridged Financial Statements |
|
|
Abridged Statement of Financial Position |
|
30 April 2025
Fixed assets
|
Tangible assets |
4 |
616,353 |
|
|
|
Current assets
|
Debtors |
25,000 |
|
Cash at bank and in hand |
25,692 |
|
-------- |
|
50,692 |
|
|
|
Creditors: amounts falling due within one year |
657,531 |
|
--------- |
|
Net current liabilities |
606,839 |
|
--------- |
|
Total assets less current liabilities |
9,514 |
|
------- |
|
Net assets |
9,514 |
|
------- |
|
|
Capital and reserves
|
Called up share capital |
132 |
|
Profit and loss account |
9,382 |
|
------- |
|
Shareholders funds |
9,514 |
|
------- |
|
|
These abridged 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 abridged statement of comprehensive income has not been delivered.
For the period ending 30 April 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 abridged financial statements for the period 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 abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of comprehensive income and the abridged statement of financial position for the period ending 30 April 2025 in accordance with Section 444(2A) of the Companies Act 2006.
|
Abridged Statement of Financial Position (continued) |
|
30 April 2025
These abridged financial statements were approved by the
board of directors
and authorised for issue on
6 January 2026
, and are signed on behalf of the board by:
Company registration number:
15622283
|
Notes to the Abridged Financial Statements |
|
Period from 6 April 2024 to 30 April 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 92B King Street, Knutsford, Cheshire, WA16 6ED, England.
2.
Statement of compliance
These abridged 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.
Revenue recognition
Turnover represents the fair value of the consideration receivable in respect of royalties due. Revenue from royalities is recognised on a strict time basis as they are earned and they are generally accounted for on a monthly basis.
Taxation
The taxation expense represents the current tax that is recognised on taxable profit for the current and past periods and is measured at the amounts of tax the company is expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
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.
Tangible assets
Tangible assets are initially recorded at cost and are subsequently stated at cost less any accumulated depreciation and impairment losses.
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:
|
Freehold property |
- |
2% reducing balance |
|
|
|
|
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.
4.
Tangible assets
|
£ |
|
Cost |
|
|
At 6 April 2024 |
– |
|
Additions |
618,415 |
|
--------- |
|
At 30 April 2025 |
618,415 |
|
--------- |
|
Depreciation |
|
|
At 6 April 2024 |
– |
|
Charge for the period |
2,062 |
|
--------- |
|
At 30 April 2025 |
2,062 |
|
--------- |
|
Carrying amount |
|
|
At 30 April 2025 |
616,353 |
|
--------- |
|
|