COMPANY REGISTRATION NUMBER:
11377337
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 May 2025
Fixed assets
|
Tangible assets |
4 |
|
225,000 |
|
225,000 |
|
|
|
|
|
|
Current assets
|
Debtors |
5 |
150 |
|
150 |
|
|
Cash at bank and in hand |
1 |
|
461 |
|
|
---- |
|
---- |
|
|
151 |
|
611 |
|
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
85,654 |
|
79,739 |
|
|
-------- |
|
-------- |
|
|
Net current liabilities |
|
85,503 |
|
79,128 |
|
|
---------- |
|
---------- |
|
Total assets less current liabilities |
|
139,497 |
|
145,872 |
|
|
|
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
|
171,500 |
|
171,500 |
|
|
---------- |
|
---------- |
|
Net liabilities |
|
(
32,003) |
|
(
25,628) |
|
|
---------- |
|
---------- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
|
100 |
|
Profit and loss account |
|
(
32,103) |
|
(
25,728) |
|
|
-------- |
|
-------- |
|
Shareholder deficit |
|
(
32,003) |
|
(
25,628) |
|
|
-------- |
|
-------- |
|
|
|
|
|
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 May 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 member has not required the company to obtain an audit of its financial statements for the year 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 financial statements
.
|
Statement of Financial Position (continued) |
|
31 May 2025
These financial statements were approved by the
board of directors
and authorised for issue on
27 May 2026
, and are signed on behalf of the board by:
Company registration number:
11377337
|
Notes to the Financial Statements |
|
Year ended 31 May 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 66 Lower Road, Harrow, HA2 0DH.
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.
Going concern
The going concern basis has been used. The basis has been applied on the continuing support from the director and it has been agreed that repayment will not be demanded whilst such action would adversely affect the company's operations. The directors expect the major creditors, because of the nature of their relationship with the company, to continue with their support for at least twelve months from the date of approval of the financial statements. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of the assets to their recoverable amount and to provide for any further liabilities that might arise.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
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.
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.
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. Debt instruments are subsequently measured at amortised cost.
4.
Tangible assets
|
Freehold property |
|
£ |
|
Cost |
|
|
At 1 June 2024 and 31 May 2025 |
225,000 |
|
---------- |
|
Depreciation |
|
|
At 1 June 2024 and 31 May 2025 |
– |
|
---------- |
|
Carrying amount |
|
|
At 31 May 2025 |
225,000 |
|
---------- |
|
At 31 May 2024 |
225,000 |
|
---------- |
|
|
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
150 |
150 |
|
---- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
2,750 |
2,750 |
|
Accruals and deferred income |
5,780 |
4,630 |
|
Director loan accounts |
13,143 |
8,378 |
|
Other creditors |
63,981 |
63,981 |
|
-------- |
-------- |
|
85,654 |
79,739 |
|
-------- |
-------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2025 |
2024 |
|
£ |
£ |
|
Bank loans and overdrafts |
171,500 |
171,500 |
|
---------- |
---------- |
|
|
|
8.
Controlling party
100% of the share capital is owned by Berkley Taylor Limited. The director considers this to be the ultimate parent company.