COMPANY REGISTRATION NUMBER:
15280692
|
Filleted Unaudited Financial Statements |
|
Year ended 30 November 2025
|
Statement of financial position |
1 |
|
|
|
Notes to the financial statements |
2 |
|
|
|
Statement of Financial Position |
|
30 November 2025
Current assets
|
Stocks |
917,475 |
113,626 |
|
Debtors |
5 |
16,449 |
– |
|
Cash at bank and in hand |
544,782 |
41,256 |
|
------------ |
--------- |
|
1,478,706 |
154,882 |
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
1,506,469 |
156,892 |
|
------------ |
--------- |
|
Net current liabilities |
27,763 |
2,010 |
|
-------- |
------- |
|
Total assets less current liabilities |
(
27,763) |
(
2,010) |
|
-------- |
------- |
|
Net liabilities |
(
27,763) |
(
2,010) |
|
-------- |
------- |
|
|
|
|
Capital and reserves
|
Called up share capital |
100 |
– |
|
Profit and loss account |
(
27,863) |
(
2,010) |
|
-------- |
------- |
|
Shareholders deficit |
(
27,763) |
(
2,010) |
|
-------- |
------- |
|
|
|
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 comprehensive income 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.
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
26 August 2026
, and are signed on behalf of the board by:
Company registration number:
15280692
|
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 Yorkstones Cliff Promenade, North Foreland, Broadstairs, Kent, CT10 3QY, United Kingdom.
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.
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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in bringing the stock to its present location and condition.
Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. 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 finance transaction it is measured at present value.
4.
Employee numbers
The average number of persons employed by the company during the period, including the directors, amounted to 3.
5.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Other debtors |
16,449 |
– |
|
-------- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
20,849 |
231 |
|
Social security and other taxes |
– |
1,782 |
|
Other creditors |
1,485,620 |
154,879 |
|
------------ |
--------- |
|
1,506,469 |
156,892 |
|
------------ |
--------- |
|
|
|
Included within creditors, is a loan of £1.175m secured by way of a fixed charge over land included in the company's work in progress.
7.
Related party transactions
At the period end, the company owed a director £1,483,940 (2024: £153,179).