COMPANY REGISTRATION NUMBER:
03716191
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
30 November 2025
Current assets
|
Cash at bank and in hand |
420 |
2,422 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
244,038 |
245,712 |
|
--------- |
--------- |
|
Net current liabilities |
243,618 |
243,290 |
|
--------- |
--------- |
|
Total assets less current liabilities |
(
243,618) |
(
243,290) |
|
--------- |
--------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
2 |
2 |
|
Profit and loss account |
(
243,620) |
(
243,292) |
|
--------- |
--------- |
|
Shareholders deficit |
(
243,618) |
(
243,290) |
|
--------- |
--------- |
|
|
|
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 30 November 2025 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 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
19 August 2026
, and are signed on behalf of the board by:
Company registration number:
03716191
|
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 St James's Street, London, SW1A 1AH.
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 a non going concern basis. The Board reached a settlement with its major creditor in November 2020 where the company surrendered its leases together with the property therein and ceased to trade. It remains to collect certain payables and cover some outstanding debts but thereafter it will move towards dormancy. The financial statements include any adjustments to the value of the balance sheet which results from this cessation of its main trade.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
|
Fixtures and fittings |
- |
20% straight line |
|
|
|
|
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2024:
1
).
5.
Tangible assets
|
Fixtures and fittings |
|
£ |
|
Cost |
|
|
At 1 December 2024 and 30 November 2025 |
109,671 |
|
--------- |
|
Depreciation |
|
|
At 1 December 2024 and 30 November 2025 |
109,671 |
|
--------- |
|
Carrying amount |
|
|
At 30 November 2025 |
– |
|
--------- |
|
At 30 November 2024 |
– |
|
--------- |
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
57,441 |
59,840 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
166,597 |
165,872 |
|
Other creditors |
20,000 |
20,000 |
|
--------- |
--------- |
|
244,038 |
245,712 |
|
--------- |
--------- |
|
|
|
7.
Related party transactions
Included within other creditors due within one year is an amount of £166,597 (2024 - £165,872) due to companies in which the director has a material interest.
8.
Controlling party
The ultimate parent undertaking is
Virtual Office Group Limited
, a company incorporated in England and Wales.