COMPANY REGISTRATION NUMBER:
12572199
Filleted Unaudited Financial Statements |
|
Statement of Financial Position |
|
30 April 2023
Current assets
Debtors |
5 |
200 |
|
200 |
|
Cash at bank and in hand |
1,056 |
|
38 |
|
|
------- |
|
---- |
|
|
1,256 |
|
238 |
|
|
|
|
|
|
|
Creditors: amounts falling due within one year |
6 |
599 |
|
125 |
|
|
------- |
|
---- |
|
Net current assets |
|
657 |
|
113 |
|
|
---- |
|
---- |
Total assets less current liabilities |
|
657 |
|
113 |
|
|
---- |
|
---- |
|
|
|
|
|
|
Capital and reserves
Called up share capital |
|
200 |
|
200 |
Profit and loss account |
|
457 |
|
(
87) |
|
|
---- |
|
---- |
Shareholders funds |
|
657 |
|
113 |
|
|
---- |
|
---- |
|
|
|
|
|
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 April 2023 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 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
11 March 2024
, and are signed on behalf of the board by:
Mrs A J McGarrity |
|
Director |
|
|
|
Company registration number:
12572199
Notes to the Financial Statements |
|
Year ended 30 April 2023
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Park Terrace, Criffel Street, Silloth, Wigton, CA7 4DQ, England.
2.
Statement of compliance
These financial statements have been prepared in compliance with FRS 102, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3.
Accounting policies
(a)
Basis of preparation
The financial statements have been prepared on the historical cost basis. The financial statements are prepared in sterling, which is the functional currency of the entity.
(b)
Going concern
Following the challenges arising as a consequence of the Covid-19 pandemic in 2020/21, more latterly the UK economy has been impacted by rising inflation, interest rates and energy costs, exacerbated by the war in Ukraine. All these matters have impacted the company's trading results to a greater or lesser extent. At the date of signing these financial statements, the director has considered the effect of these matters on the company with the information available to it, and does not believe that it it will affect the ability of the company to continue to trade for the foreseeable future. On this basis, the director has prepared these financial statements on a going concern basis.
(c)
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for goods supplied and services rendered, stated net of discounts and of Value Added Tax. Revenue is recognised on a monthly basis when the maintenance charges are due from tenants.
(d)
Current & deferred tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to be paid or recovered using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
(e)
Financial instruments
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 fiancial liabilites.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2022:
1
).
5.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
200 |
200 |
|
---- |
---- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
330 |
125 |
Corporation tax |
107 |
– |
Other creditors |
162 |
– |
|
---- |
---- |
|
599 |
125 |
|
---- |
---- |
|
|
|
7.
Related party transactions
The
director
and shareholder had a loan account
with the company during the period. The balance due to the director at 30 April 2023 was £ 162
(2022 was £Nil.)