COMPANY REGISTRATION NUMBER:
15024077
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 July 2025
|
2025 |
2024 |
|
|
(restated) |
|
Note |
£ |
£ |
|
|
|
Current assets
|
Debtors |
5 |
15,082 |
9,000 |
|
Cash at bank and in hand |
2 |
6,767 |
|
-------- |
-------- |
|
15,084 |
15,767 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
5,720 |
6,152 |
|
-------- |
-------- |
|
Net current assets |
9,364 |
9,615 |
|
------- |
------- |
|
Total assets less current liabilities |
9,364 |
9,615 |
|
------- |
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
9,362 |
9,613 |
|
------- |
------- |
|
Shareholders funds |
9,364 |
9,615 |
|
------- |
------- |
|
|
|
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 July 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
2 June 2026
, and are signed on behalf of the board by:
Company registration number:
15024077
|
Notes to the Financial Statements |
|
Year ended 31 July 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 23 Brighton Square, Brighton, BN11HD, United Kingdom.
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 directors have considered the company’s ability to continue as a going concern and have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. In forming this view, the directors have taken into account their continued support of the company, together with the confirmation received from a related company of its intention to continue to provide financial support as required. Accordingly, the financial statements have been prepared on the going concern basis.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax.
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.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 in other administrative expenses.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
2
(2024:
2
).
5.
Debtors
|
2025 |
2024 |
|
|
(restated) |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
15,082 |
– |
|
Other debtors |
– |
9,000 |
|
-------- |
------- |
|
15,082 |
9,000 |
|
-------- |
------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
|
(restated) |
|
£ |
£ |
|
Corporation tax |
2,196 |
2,255 |
|
Social security and other taxes |
3,524 |
3,524 |
|
Other creditors |
– |
373 |
|
------- |
------- |
|
5,720 |
6,152 |
|
------- |
------- |
|
|
|
7.
Prior period errors
During the year, the directors identified a prior period error whereby certain revenue and associated costs were omitted from the financial statements for the prior year. As a result, revenue was understated by £230,724 and costs were understated by £218,856, leading to an overall understatement of profit of £11,868 for the period. In accordance with Section 10 of FRS 102 – Accounting Policies, Estimates and Errors, the error has been corrected retrospectively. The comparative figures have been restated accordingly, resulting in an increase in retained earnings and an increase in tax liabilities as at the prior year end.
8.
Related party transactions
At the year-end, the company was owed £15,082 (2024: £nil) by a related company.
At the year-end, the company owed £nil (2024: £373) to the Directors.