Contents of the Financial Statements

for the Period Ended 31 December 2021

Directors report
Profit and loss
Balance sheet
Additional notes
Balance sheet notes

Directors' report period ended 31 December 2021

The directors present their report with the financial statements of the company for the period ended 31 December 2021

Directors

The directors shown below have held office during the whole of the period from
1 January 2021 to 31 December 2021

MARK COLLINGS
LYNETTE BALLARD

The above report has been prepared in accordance with the special provisions in part 15 of the Companies Act 2006

This report was approved by the board of directors on
31 October 2022

And signed on behalf of the board by:
Name: MARK COLLINGS
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2021

	2021	2020
	£	£
Turnover:	130,251	130,250
Gross profit(or loss):	130,251	130,250
Administrative expenses:	( 55,520 )	( 27,411 )
Operating profit(or loss):	74,731	102,839
Interest payable and similar charges:	( 271 )
Profit(or loss) before tax:	74,460	102,839
Tax:	( 14,207 )	( 19,539 )
Profit(or loss) for the financial year:	60,253	83,300

Balance sheet

As at 31 December 2021

	Notes	2021	2020
		£	£
Called up share capital not paid:		0	0
Fixed assets
Tangible assets:	3	1,212,000	1,212,000
Total fixed assets:		1,212,000	1,212,000
Current assets
Debtors:	4	261,792	233,485
Cash at bank and in hand:		64,053	101,667
Total current assets:		325,845	335,152
Creditors: amounts falling due within one year:	5	( 731,355 )	( 734,247 )
Net current assets (liabilities):		(405,510)	(399,095)
Total assets less current liabilities:		806,490	812,905
Total net assets (liabilities):		806,490	812,905
Capital and reserves
Called up share capital:		100	100
Other reserves:		100,923	100,923
Profit and loss account:		705,467	711,882
Total Shareholders' funds:		806,490	812,905

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 2021 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The notes form part of these financial statements

Notes to the Financial Statements

for the Period Ended 31 December 2021

• 1. Accounting policies

  Basis of measurement and preparation

  These financial statements have been prepared in accordance with the provisions of Section 1A (Small Entities) of Financial Reporting Standard 102

  Tangible fixed assets depreciation policy

  A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets.For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.

  Valuation information and policy

  Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which is leasehold and where the unexpired lease term is less than 20 years.Although this accounting policy is in accordance with the applicable standard, SSAP 19, Accounting for investment properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors, compliance with the standard is necessary for the financial statement to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been changed cannot be separately identified or quantified.

Notes to the Financial Statements

for the Period Ended 31 December 2021

• 2. Employees

  	2021	2020
  Average number of employees during the period	2	2