COMPANY REGISTRATION NUMBER:
14702633
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
30 November 2025
Fixed assets
|
Tangible assets |
5 |
4,168 |
11,399 |
|
|
|
|
Current assets
|
Debtors |
6 |
929,876 |
510,626 |
|
Cash at bank and in hand |
15,339 |
21,670 |
|
--------- |
--------- |
|
945,215 |
532,296 |
|
|
|
|
|
Creditors: amounts falling due within one year |
7 |
2,991,955 |
1,941,215 |
|
------------ |
------------ |
|
Net current liabilities |
2,046,740 |
1,408,919 |
|
------------ |
------------ |
|
Total assets less current liabilities |
(
2,042,572) |
(
1,397,520) |
|
------------ |
------------ |
|
Net liabilities |
(
2,042,572) |
(
1,397,520) |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
|
Called up share capital |
75 |
100 |
|
Profit and loss account |
(
2,042,647) |
(
1,397,620) |
|
------------ |
------------ |
|
Shareholders deficit |
(
2,042,572) |
(
1,397,520) |
|
------------ |
------------ |
|
|
|
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
.
|
Statement of Financial Position (continued) |
|
30 November 2025
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:
14702633
|
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 Camburgh House, 27 New Dover Road, Canterbury, Kent, CT13DN, 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.
Going concern
The accounts have been prepared on a going concern basis which relies on the continuing support of the shareholders.
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.
Foreign currencies
Foreign currency transactions are initially recorded in the functional currency, by applying the spot exchange rate as at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the exchange rate ruling at the reporting date, with any gains or losses being taken to the profit and loss account.
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.
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:
|
Equipment |
- |
33% straight line |
|
|
|
|
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.
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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
3
(2024:
3
).
5.
Tangible assets
|
Equipment |
|
£ |
|
Cost |
|
|
At 1 December 2024 and 30 November 2025 |
21,912 |
|
-------- |
|
Depreciation |
|
|
At 1 December 2024 |
10,513 |
|
Charge for the year |
7,231 |
|
-------- |
|
At 30 November 2025 |
17,744 |
|
-------- |
|
Carrying amount |
|
|
At 30 November 2025 |
4,168 |
|
-------- |
|
At 30 November 2024 |
11,399 |
|
-------- |
|
|
6.
Debtors
|
2025 |
2024 |
|
£ |
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
919,734 |
495,037 |
|
Other debtors |
10,142 |
15,589 |
|
--------- |
--------- |
|
929,876 |
510,626 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due within one year
|
2025 |
2024 |
|
£ |
£ |
|
Trade creditors |
11,565 |
– |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
2,970,170 |
1,925,773 |
|
Social security and other taxes |
3,457 |
12,004 |
|
Other creditors |
6,763 |
3,438 |
|
------------ |
------------ |
|
2,991,955 |
1,941,215 |
|
------------ |
------------ |
|
|
|
8.
Directors' advances, credits and guarantees
At the year end the directors owed the company £Nil (2024: £4,724).
9.
Related party transactions
At the year end the company was owed £919,734 (2024: £495,037) by group companies. At the year end the company owed £2,970,172 (2024: £1,925,773) to group companies.