The Church Buying Ltd Company accounts

The Church Buying Ltd Company accounts

THE CHURCH BUYING LTD - Company Information

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COMPANY REGISTRATION NUMBER: 03432562
THE CHURCH BUYING LTD
UNAUDITED FINANCIAL STATEMENTS
31 March 2022
THE CHURCH BUYING LTD
FINANCIAL STATEMENTS
Year ended 31 March 2022
CONTENTS
PAGES
Directors' report
1
Balance sheet
2
Notes to the financial statements
3 to 4
THE CHURCH BUYING LTD
DIRECTORS' REPORT
Year ended 31 March 2022
The directors present their report and the unaudited financial statements of the company for the year ended 31 March 2022 .
The company has been dormant as defined in section 1169 of the Companies Act 2006 throughout the year and preceding financial year. It is anticipated that the company will remain dormant for the foreseeable future.
Directors
The directors who served the company during the year were as follows:
Mr T G Price
Mr G L Griffiths
Mrs L Price
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 5 July 2022 and signed on behalf of the board by:
Mr T G Price
Director
Company Secretary
THE CHURCH BUYING LTD
BALANCE SHEET
31 March 2022
2022
2021
Note
£
£
CREDITORS: amounts falling due within one year
4
( 250)
( 250)
----
----
NET CURRENT LIABILITIES
( 250)
( 250)
----
----
TOTAL ASSETS LESS CURRENT LIABILITIES
( 250)
( 250)
----
----
CAPITAL AND RESERVES
Called up share capital
4
4
Profit and loss account
( 254)
( 254)
----
----
SHAREHOLDERS FUNDS
( 250)
( 250)
----
----
These financial statements have been prepared 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'.
The company did not trade during the current year or prior year and has not made either a profit or loss.
For the year ending 31 March 2022 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant 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 5 July 2022 , and are signed on behalf of the board by:
Mr T G Price
Director
Company registration number: 03432562
THE CHURCH BUYING LTD
NOTES TO THE FINANCIAL STATEMENTS
Year ended 31 March 2022
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 12-16, Heads of the Valley Industrial Estate, Rhymney, Gwent, NP22 5RL.
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.
Profit and loss account
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year or prior year and therefore no income statement is presented within these financial statements. There have been no movements in shareholders funds during the current year or prior year.
Financial instruments
A financial asset or a financial liability is recognised only when the company 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. Debt instruments are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment. Other financial instruments, including derivatives, are initially recognised at fair value, unless payment for an asset is deferred beyond normal business terms or financed at a rate of interest that is not a market rate, in which case the asset is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument. Other financial instruments are subsequently measured at fair value, with any changes recognised in profit or loss, with the exception of hedging instruments in a designated hedging relationship.
Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately. For all equity instruments regardless of significance, and other financial assets that are individually significant, these are assessed individually for impairment. Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
4. CREDITORS: amounts falling due within one year
2022
2021
£
£
Other creditors
250
250
----
----
5. CONTROLLING PARTY
The ultimate parent undertaking is Advanced Moulds Limited, a company registered in England & Wales.