COMPANY REGISTRATION NUMBER:
06758898
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Five Areas Resources Limited |
|
|
Unaudited Financial Statements |
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|
Five Areas Resources Limited |
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Year ended 30 November 2025
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Officers and professional advisers |
1 |
|
|
|
Statement of financial position |
3 |
|
|
|
Notes to the financial statements |
4 |
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Five Areas Resources Limited |
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Year ended 30 November 2025
The director presents his report and the unaudited financial statements of the company for the year ended
30 November 2025
.
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Director
The director who served the company during the year was as follows:
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on
27 July 2026
and signed on behalf of the board by:
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Five Areas Resources Limited |
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Statement of Financial Position |
|
30 November 2025
Fixed assets
|
Intangible assets |
4 |
|
750,000 |
750,000 |
|
|
|
|
|
Current assets
|
Cash at bank and in hand |
101 |
|
101 |
|
---- |
|
---- |
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Net current assets |
|
101 |
101 |
|
|
--------- |
--------- |
|
Total assets less current liabilities |
|
750,101 |
750,101 |
|
|
--------- |
--------- |
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|
|
|
Capital and reserves
|
Called up share capital |
|
101 |
101 |
|
Revaluation reserve |
|
750,000 |
750,000 |
|
|
--------- |
--------- |
|
Shareholders funds |
|
750,101 |
750,101 |
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|
--------- |
--------- |
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|
|
|
These financial statements have been prepared 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'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 30 November 2025 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 his 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
27 July 2026
, and are signed on behalf of the board by:
Company registration number:
06758898
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Five Areas Resources Limited |
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|
Notes to the Financial Statements |
|
Year ended 30 November 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 49 Norwood Grove, Harrogate, North Yorkshire, HG3 2XL.
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 statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported. These estimates and judgements are continually reviewed and are based on experience and other factors, including expectations of future events that are believed to be reasonable under the circumstances.
Intangible assets
Intangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated amortisation and impairment losses. Any intangible assets carried at revalued amounts, are recorded at the fair value at the date of revaluation, as determined by reference to an active market, less any subsequent accumulated amortisation and subsequent accumulated impairment losses. Intangible assets acquired as part of a business combination are only recognised separately from goodwill when they arise from contractual or other legal rights, are separable, the expected future economic benefits are probable and the cost or value can be measured reliably.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
4.
Intangible assets
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Development costs |
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£ |
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Cost |
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At 1 December 2024 and 30 November 2025 |
750,000 |
|
--------- |
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Amortisation |
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At 1 December 2024 and 30 November 2025 |
– |
|
--------- |
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Carrying amount |
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At 30 November 2025 |
750,000 |
|
--------- |
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At 30 November 2024 |
750,000 |
|
--------- |
|
|
5.
Related party transactions
Control:- The company was under the control of
Dr C J Williams
throughout the current and previous year. Dr C J Williams
is the sole director and majority shareholder. Transactions:- No transactions with related parties were undertaken such as are required to be disclosed under Section 1A of FRS 102.