COMPANY REGISTRATION NUMBER:
07207718
|
FILLETED FINANCIAL STATEMENTS |
|
|
STATEMENT OF FINANCIAL POSITION |
|
31 March 2025
Current assets
|
Debtors |
6 |
152,289 |
|
103,938 |
|
Cash at bank and in hand |
8,535 |
|
9,920 |
|
--------- |
|
--------- |
|
160,824 |
|
113,858 |
|
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
123,791 |
|
2,136 |
|
--------- |
|
--------- |
|
Net current assets |
|
37,033 |
111,722 |
|
|
-------- |
--------- |
|
Total assets less current liabilities |
|
37,033 |
111,722 |
|
|
-------- |
--------- |
|
Net assets |
|
37,033 |
111,722 |
|
|
-------- |
--------- |
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
2 |
2 |
|
Profit and loss account |
|
37,031 |
111,720 |
|
|
-------- |
--------- |
|
Shareholders funds |
|
37,033 |
111,722 |
|
|
-------- |
--------- |
|
|
|
|
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.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 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
30 June 2026
, and are signed on behalf of the board by:
Company registration number:
07207718
|
NOTES TO THE FINANCIAL STATEMENTS |
|
YEAR ENDED 31 MARCH 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 Castle House, 69-70 Victoria Street, Englefield Green, Egham, Surrey, TW20 OQX.
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. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
In accordance with their responsibilities, the directors have considered the appropriateness of the going concern basis for the preparation of the financial statements. For this purpose, the directors have considered the adequacy of the company's cash resources covering the period 12 months ahead of the approval of these financial statements. The directors have reasonable expectations that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason, the directors continue to adopt the going concern basis in preparing these financial statements.
Turnover and 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 is recognised as the service is provided.
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.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
11
(2024:
10
).
5.
Tax on (loss)/profit
Major components of tax expense
Current tax:
|
UK current tax expense |
– |
431 |
|
Adjustments in respect of prior periods |
2,783 |
– |
|
------- |
---- |
|
Total current tax |
2,783 |
431 |
|
------- |
---- |
|
------- |
---- |
|
Tax on (loss)/profit |
2,783 |
431 |
|
------- |
---- |
|
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Trade debtors |
11,870 |
– |
|
Amounts due from related parties |
140,419 |
103,938 |
|
--------- |
--------- |
|
152,289 |
103,938 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Corporation tax |
5,714 |
430 |
|
Amounts due to related parties |
115,825 |
– |
|
Other creditors |
2,252 |
1,706 |
|
--------- |
------- |
|
123,791 |
2,136 |
|
--------- |
------- |
|
|
|
8.
Contingencies
The company has given inter-company guarantees in respect of the bank borrowings of other companies amounting to £18,240,470 as at 31 March 2024 (2023: £17,533,932).
9.
Summary audit opinion
The auditor's report dated
30 June 2026
was
unqualified
.
The senior statutory auditor was
Charles Homan
, for and on behalf of
UHY Affinia
.
10.
Related party transactions
At 31 March 2024, debtors included amounts due from related parties amounting to £103,938 (2023: £91,715), in respect of loans made to companies under common control. These related party loans are interest free, unsecured and have no fixed terms of repayment. At 31 March 2024, the company had given guarantees in respect of the bank borrowings of companies under common control, which amounted to £18,240,470 (2023: £17,533,932).
11.
Controlling party
The ultimate controlling parties are The Estate of M Sheikh and Guardswell Group Limited, a company owned by GSC Fiduciaries Limited (in its capacity as the trustee of the Guardswell Trust).