COMPANY REGISTRATION NUMBER:
12143432
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FILLETED UNAUDITED FINANCIAL STATEMENTS |
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STATEMENT OF FINANCIAL POSITION |
|
31 March 2026
FIXED ASSETS
|
Investments |
4 |
502,505 |
502,505 |
|
|
|
|
CURRENT ASSETS
|
Cash at bank and in hand |
65,599 |
147,419 |
|
|
|
|
CREDITORS: amounts falling due within one year |
5 |
534 |
437 |
|
--------- |
----------- |
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NET CURRENT ASSETS |
65,065 |
146,982 |
|
----------- |
----------- |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
567,570 |
649,487 |
|
----------- |
----------- |
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NET ASSETS |
567,570 |
649,487 |
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----------- |
----------- |
|
|
|
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CAPITAL AND RESERVES
|
Called up share capital |
50 |
50 |
|
Profit and loss account |
567,520 |
649,437 |
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----------- |
----------- |
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SHAREHOLDERS FUNDS |
567,570 |
649,487 |
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----------- |
----------- |
|
|
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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.
Director's 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 director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
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STATEMENT OF FINANCIAL POSITION (continued) |
|
31 March 2026
These financial statements were approved by the
board of directors
and authorised for issue on
28 July 2026
, and are signed on behalf of the board by:
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Mrs A L Atkinson |
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|
Director |
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|
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Company registration number:
12143432
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NOTES TO THE FINANCIAL STATEMENTS |
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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 20 Mannin Way, Lancaster Business Park, Caton Road, Lancaster, LA1 3SW.
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.
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.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Investments in associates
Investments in associates accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in associates accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the associate arising before or after the date of acquisition.
Investments in joint ventures
Investments in jointly controlled entities accounted for in accordance with the cost model are recorded at cost less any accumulated impairment losses. Investments in jointly controlled entities accounted for in accordance with the fair value model are initially recorded at the transaction price. At each reporting date, the investments are measured at fair value, with changes in fair value recognised in other comprehensive income/profit or loss. Where it is impracticable to measure fair value reliably the cost model will be adopted. Dividends and other distributions received from the investment are recognised as income without regard to whether the distributions are from accumulated profits of the joint venture arising before or after the date of acquisition.
4.
INVESTMENTS
|
Shares in group undertakings |
|
£ |
|
|
|
Cost |
|
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At 1 April 2025 and 31 March 2026 |
502,505 |
|
----------- |
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Impairment |
|
|
At 1 April 2025 and 31 March 2026 |
– |
|
----------- |
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|
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Carrying amount |
|
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At 31 March 2026 |
502,505 |
|
----------- |
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At 31 March 2025 |
502,505 |
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----------- |
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5.
CREDITORS:
amounts falling due within one year
|
Accruals and deferred income |
480 |
437 |
|
Corporation tax |
54 |
– |
|
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----- |
|
534 |
437 |
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