COMPANY REGISTRATION NUMBER:
03116780
Filleted Unaudited Abridged Financial Statements
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Abridged Statement of Financial Position
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31 May 2021
Fixed assets
Current assets
Debtors
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74
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74
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Cash at bank and in hand
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2
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2
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----
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----
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76
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76
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----
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----
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Net current assets
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76
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76
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----
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----
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Total assets less current liabilities
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77
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77
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----
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----
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Capital and reserves
Called up share capital
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2
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2
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Profit and loss account
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75
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75
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----
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----
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Shareholders funds
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77
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77
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----
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----
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These abridged 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 abridged statement of income and retained earnings has not been delivered.
For the year ending 31 May 2021 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 abridged 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 abridged financial statements
.
All of the members have consented to the preparation of the abridged statement of income and retained earnings and the abridged statement of financial position for the year ending 31 May 2021 in accordance with Section 444(2A) of the Companies Act 2006.
Abridged Statement of Financial Position (continued)
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31 May 2021
These abridged financial statements were approved by the
board of directors
and authorised for issue on
3 August 2021
, and are signed on behalf of the board by:
Company registration number:
03116780
Notes to the Abridged Financial Statements
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Year ended 31 May 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 132 Burnt Ash Road, Lee, London, SE12 8PU, England.
2.
Statement of compliance
These abridged 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 abridged 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 abridged financial statements are prepared in sterling, which is the functional currency of the entity.
Income tax
Provision is made, under the liability method, to take account of timing differences between the treatment of certain items for accounts purposes and their treatment for tax purposes. Tax deferred or accelerated is accounted for in respect of all material timing differences to the extent that it is considered that a net liability may arise.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument. Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities.
4.
Investments
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£
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Cost
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At 1 June 2020 and 31 May 2021
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1
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----
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Impairment
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At 1 June 2020 and 31 May 2021
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–
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----
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Carrying amount
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At 31 May 2021
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1
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----
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At 31 May 2020
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1
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----
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5.
Related party transactions
The company is under the control of Mr M Cook.