Frontier Asset Limited - Period Ending 2021-10-31

SEVEN EIGHT ASSET LIMITED - Company Information

Frontier Asset Limited 06725808 true 2020-11-01 2021-10-31 2021-10-31 The principal activity of the company is financial consultancy Digita Accounts Production Advanced 6.30.9574.0 true Mr Wesley William John Richards Windsor Accountancy Limited true 06725808 2020-11-01 2021-10-31 06725808 2021-10-31 06725808 bus:Revised 2021-10-31 06725808 core:RetainedEarningsAccumulatedLosses 2021-10-31 06725808 core:ShareCapital 2021-10-31 06725808 core:CurrentFinancialInstruments 2021-10-31 06725808 core:CurrentFinancialInstruments core:WithinOneYear 2021-10-31 06725808 bus:FRS102 2020-11-01 2021-10-31 06725808 bus:AuditExempt-NoAccountantsReport 2020-11-01 2021-10-31 06725808 bus:FullAccounts 2020-11-01 2021-10-31 06725808 bus:RegisteredOffice 2020-11-01 2021-10-31 06725808 bus:CompanySecretary1 2020-11-01 2021-10-31 06725808 bus:Director2 2020-11-01 2021-10-31 06725808 bus:EntityNoLongerTradingButTradedInPast 2020-11-01 2021-10-31 06725808 bus:PrivateLimitedCompanyLtd 2020-11-01 2021-10-31 06725808 countries:EnglandWales 2020-11-01 2021-10-31 06725808 2020-10-31 06725808 core:RetainedEarningsAccumulatedLosses 2020-10-31 06725808 core:ShareCapital 2020-10-31 06725808 core:CurrentFinancialInstruments 2020-10-31 06725808 core:CurrentFinancialInstruments core:WithinOneYear 2020-10-31 iso4217:GBP

Registration number: 06725808

Frontier Asset Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2021

Frontier Asset Limited

Profit and Loss Account for the Year Ended 31 October 2021

The company has not traded during the year. During this year, the company received no income and incurred no expenditure and therefore made neither profit nor loss.

Frontier Asset Limited

(Registration number: 06725808)
Balance Sheet as at 31 October 2021

	Note	2021 £	2020 £
Current assets
Debtors	3	22,688	22,688
Cash at bank and in hand		44	44
		22,732	22,732
Creditors: Amounts falling due within one year	5	(24,098)	(24,098)
Net liabilities		(1,366)	(1,366)
Capital and reserves
Called up share capital		2	2
Retained earnings		(1,368)	(1,368)
Shareholders' deficit		(1,366)	(1,366)

For the financial year ending 31 October 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 accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

For the financial year ending 31 October 2021 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the director on 31 August 2022

.........................................
Mr Wesley William John Richards
Director

Frontier Asset Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
St Stephens House
Arthur Road
Windsor
Berkshire
SL4 1RU

These financial statements were authorised for issue by the director on 31 August 2022.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Frontier Asset Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2021

Debtors

Current	2021 £	2020 £
Trade debtors	1	-
Other debtors	22,687	22,688
	22,688	22,688

4	Cash and cash equivalents

	2021 £	2020 £
Cash at bank	44	44

Creditors

	2021 £	2020 £
Due within one year
Social security and other taxes	23,152	23,152
Accruals	946	946
	24,098	24,098