Horrorescape Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 11753743 (England and Wales)

Horrorescape Ltd

Unaudited Financial Statements

for the Year Ended 31 January 2022

Page

Company information

1

Balance sheet

2

Notes to the financial statements

4

Director:

Y Chaudhri

Registered office:

43 Peckham High Street

London

SE15 5EB

Registered number:

11753743 (England and Wales)

Accountants:

Warr & Co Limited

Chartered Accountants

Mynshull House

78 Churchgate

Stockport

Cheshire

SK1 1YJ

Fixed assets

Tangible assets

4

80,623

80,139

Current assets

Debtors

5

14,851

3,567

Cash at bank

5,329

458

20,180

4,025

Creditors

Amounts falling due within one year

6

242,994

183,292

Net current liabilities

(222,814

)

(179,267

)

Total assets less current liabilities

(142,191

)

(99,128

)

Capital and reserves

Called up share capital

100

100

Retained earnings

(142,291

)

(99,228

)

(142,191

)

(99,128

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 31 May 2022 and were signed by:

Y Chaudhri - Director

1.	Statutory information

Horrorescape Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis on the grounds that the director will continue to provide sufficient finance to enable the company to continue trading for the foreseeable future.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Leasehold improvements

-

33% on cost

Plant and machinery

-

33% on cost

Fixtures & equipment

-

25% on reducing balance

Props & games

-

50% on cost

Government grants

Government grants are accounted for on a receivable basis.

3.	Employees and directors

The average number of employees during the year was 4 (2021 - 2 ) .

4.	Tangible fixed assets

Plant and

machinery

etc

£

Cost

At 1 February 2021

131,580

Additions

75,441

At 31 January 2022

207,021

Depreciation

At 1 February 2021

51,441

Charge for year

74,957

At 31 January 2022

126,398

Net book value

At 31 January 2022

80,623

At 31 January 2021

80,139

5.

Debtors: amounts falling due within one year

31.1.22

31.1.21

£

£

Other debtors

14,851

3,567

6.

Creditors: amounts falling due within one year

31.1.22

31.1.21

£

£

Bank loans and overdrafts

21,073

-

Taxation and social security

357

-

Other creditors

221,564

183,292

242,994

183,292

7.	Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2022 and 31 January 2021:

31.1.22

31.1.21

£

£

Y Chaudhri

Balance outstanding at start of year

2,086

(6,920

)

Amounts advanced

-

9,006

Amounts repaid

(2,086

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

-

2,086

8.	Related party disclosures

Included in Other Creditors is £182,122 (2021 £181,774) due to YAC Consulting Limited, a company which Y Chaudhri is also a director and controlling shareholder.