COMPANY REGISTRATION NUMBER:
13386804
|
Unaudited financial statements |
|
|
Statement of financial position |
|
31 March 2026
Current assets
|
Debtors |
5 |
163,004 |
|
162,985 |
|
|
Cash at bank and in hand |
– |
|
19 |
|
|
--------- |
|
--------- |
|
|
163,004 |
|
163,004 |
|
|
|
|
|
|
|
|
Creditors: Amounts falling due within one year |
6 |
(
102,506) |
|
(
102,506) |
|
|
--------- |
|
--------- |
|
|
Net current assets |
|
60,498 |
|
60,498 |
|
|
------- |
|
------- |
|
Total assets less current liabilities |
|
60,498 |
|
60,498 |
|
|
------- |
|
------- |
|
|
|
|
|
|
Capital and reserves
|
Called up share capital |
|
100 |
|
100 |
|
Profit and loss account |
|
60,398 |
|
60,398 |
|
|
------- |
|
------- |
|
Shareholders funds |
|
60,498 |
|
60,498 |
|
|
------- |
|
------- |
|
|
|
|
|
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 March 2026 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
21 July 2026
, and are signed on behalf of the board by:
Company registration number:
13386804
|
Notes to the financial statements |
|
Year ended 31 March 2026
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 St Helens Street, Ipswich, Suffolk, IP4 1HH.
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 and is rounded to the nearest £.
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.
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. 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. Loans and borrowings are initially recognised at the transaction price including transaction costs. Subsequently, they are measured at amortised cost using the effective interest rate method, less impairment. If an arrangement constitutes a financing transaction it is measured at present value. Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the asset's cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.
4.
Employee numbers
The average number of employees during the year was
2
(2025:
2
).
5.
Debtors
|
2026 |
2025 |
|
£ |
£ |
|
Other debtors |
163,004 |
162,985 |
|
--------- |
--------- |
|
|
|
6.
Creditors:
Amounts falling due within one year
|
2026 |
2025 |
|
£ |
£ |
|
Amounts owed to group undertakings |
102,478 |
102,478 |
|
Social security and other taxes |
28 |
28 |
|
--------- |
--------- |
|
102,506 |
102,506 |
|
--------- |
--------- |
|
|
|
7.
Related party transactions
At the reporting date, the Company had an outstanding balance of £162,904 (2025: £162,885) due from ECLCH Property Limited, an associated company by virtue of common control. At the reporting date, the Company had an outstanding balance of £102,478 (2025: £102,478) due to Swallow Marketing Communications Limited, a wholly owned subsidiary. These loans are interest free, unsecured, and repayable on demand.