COMPANY REGISTRATION NUMBER:
15090122
|
FILLETED UNAUDITED FINANCIAL STATEMENTS |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 August 2025
Current assets
|
Debtors |
5 |
1,526 |
|
11,752 |
|
Cash at bank and in hand |
40,029 |
|
5,498 |
|
--------- |
|
--------- |
|
41,555 |
|
17,250 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
41,455 |
|
25,224 |
|
--------- |
|
--------- |
|
Net current assets/(liabilities) |
|
100 |
(
7,974) |
|
|
---- |
------- |
|
Total assets less current liabilities |
|
100 |
(
7,974) |
|
|
---- |
------- |
|
Net assets/(liabilities) |
|
100 |
(
7,974) |
|
|
---- |
------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
100 |
|
Profit and loss account |
|
– |
(
8,074) |
|
|
---- |
------- |
|
Shareholders funds/(deficit) |
|
100 |
(
7,974) |
|
|
---- |
------- |
|
|
|
|
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 income statement has not been delivered.
For the year ending 31 August 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 August 2025
These financial statements were approved by the
board of directors
and authorised for issue on
28 May 2026
, and are signed on behalf of the board by:
|
N Beshara |
J Jefferies |
|
Director |
Director |
|
|
Company registration number:
15090122
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 AUGUST 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 The Dock Hub, Wilbury Villas, Hove, BN3 6AH.
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 financial statements have been prepared under the going concern basis which assumes that the company will continue in operational existence for the foreseeable future. The validity of this assumption depends upon the continuing support of the company's directors.
If the company were unable to continue in operational existence for the foreseeable future, adjustments would have to be made to reduce the balance sheet values of the assets to their recoverable amounts and to provide for further liabilities that might arise. The directors believe that it is appropriate for the financial statements to be prepared on the going concern basis.
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.
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.
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.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
509 |
11,752 |
|
Other debtors |
1,017 |
– |
|
------- |
--------- |
|
1,526 |
11,752 |
|
------- |
--------- |
|
|
|
Other debtors include £1,017 recoverable due to a dividend being paid in excess of the legally distributable reserves of the company.
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
23,580 |
10,000 |
|
Corporation tax |
4,514 |
4,275 |
|
Social security and other taxes |
10,391 |
9,318 |
|
Other creditors |
2,970 |
1,631 |
|
--------- |
--------- |
|
41,455 |
25,224 |
|
--------- |
--------- |
|
|
|