Contents of the Financial Statements

for the Period Ended 31 March 2022

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

Directors' report period ended 31 March 2022

The directors present their report with the financial statements of the company for the period ended 31 March 2022

Directors

The directors shown below have held office during the whole of the period from
1 April 2021 to 31 March 2022

David Ashton
Jason Bougourd
David Heaney

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
4 November 2022

And signed on behalf of the board by:
Name: Jason Bougourd
Status: Director

Profit And Loss Account

for the Period Ended 31 March 2022

	2022	2021
	£	£
Turnover:	0	0
Cost of sales:	0	0
Gross profit(or loss):	0	0
Distribution costs:	0	0
Administrative expenses:	( 93,038 )	( 63,659 )
Operating profit(or loss):	(93,038)	(63,659)
Interest receivable and similar income:	0	13,274
Interest payable and similar charges:	( 3,594 )	( 3,966 )
Profit(or loss) before tax:	(96,632)	(54,351)
Profit(or loss) for the financial year:	(96,632)	(54,351)

Balance sheet

As at 31 March 2022

	Notes	2022	2021
		£	£
Fixed assets
Investments:	3	309,705	279,971
Total fixed assets:		309,705	279,971
Current assets
Debtors:	4	1,000	48,767
Cash at bank and in hand:		95,712	0
Total current assets:		96,712	48,767
Creditors: amounts falling due within one year:	5		( 97,988 )
Net current assets (liabilities):		96,712	(49,221)
Total assets less current liabilities:		406,417	230,750
Creditors: amounts falling due after more than one year:	6	( 470,671 )	( 198,372 )
Total net assets (liabilities):		(64,254)	32,378
Capital and reserves
Called up share capital:		1,000	1,000
Profit and loss account:		(65,254 )	31,378
Total Shareholders' funds:		( 64,254 )	32,378

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 March 2022 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 March 2022

• 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

  Turnover policy

  Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable , excluding discounts, rebates, value added tax and other sales taxes.

  Tangible fixed assets depreciation policy

  Fixed asset investments are shown at their cost to the company, including all costs of acquisition, less any provision for impairment.

  Other accounting policies

  Foreign Currencies:Assets and liabilities in foreign currencies are translated into Sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into Sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating result.

Notes to the Financial Statements

for the Period Ended 31 March 2022

• 2. Employees

  	2022	2021
  Average number of employees during the period	3	3