COMPANY REGISTRATION NUMBER:
16479344
|
Filleted Unaudited Financial Statements |
|
|
Statement of Financial Position |
|
31 May 2026
Current assets
|
Debtors |
6 |
1,577,836 |
|
Cash at bank and in hand |
128,584 |
|
------------ |
|
1,706,420 |
|
|
|
|
Creditors: amounts falling due within one year |
7 |
2,009,707 |
|
------------ |
|
Net current liabilities |
303,287 |
|
--------- |
|
Total assets less current liabilities |
(
303,287) |
|
--------- |
|
|
|
Capital and reserves
|
Called up share capital |
8 |
5,000 |
|
Profit and loss account |
(
308,287) |
|
--------- |
|
Shareholders deficit |
(
303,287) |
|
--------- |
|
|
|
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 period ending 31 May 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 period 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
.
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:
16479344
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Notes to the Financial Statements |
|
Period from 28 May 2025 to 31 May 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 23-27 Maidenhead Street, Hertford 23-27 Maidenhead Street, Hertfordshire, 1st floor, Hertford, SG14 1DW, 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' and the Companies Act 2006.
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.
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.
Income tax
The tax expense for the period comprises deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income. The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income. Deferred income tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the Company. Deferred income tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date. The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
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.
4.
Employee numbers
The average number of persons employed by the company during the period amounted to Nil.
5.
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. However the nature of estimation means that actual outcomes could differ from the estimates. In the Director's opinion there are no significant judgements or key sources of uncertainty.
6.
Debtors
|
31 May 26 |
|
£ |
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
940,624 |
|
Other debtors |
637,212 |
|
------------ |
|
1,577,836 |
|
------------ |
|
|
7.
Creditors:
amounts falling due within one year
|
31 May 26 |
|
£ |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
2,009,677 |
|
Social security and other taxes |
30 |
|
------------ |
|
2,009,707 |
|
------------ |
|
|
8.
Called up share capital
Issued, called up and fully paid
|
31 May 26 |
|
No. |
£ |
|
Ordinary shares of £ 1 each |
5,000 |
5,000 |
|
------- |
------- |
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