Resolve Divorce Limited Filleted accounts for Companies House (small and micro)

Resolve Divorce Limited Filleted accounts for Companies House (small and micro)

RESOLVE DIVORCE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 08987276
Resolve Divorce Limited
Filleted unaudited financial statements
30 April 2021
Resolve Divorce Limited
Statement of financial position
30 April 2021
2021
2020
Note
£
£
£
£
Fixed assets
Tangible assets
4
78,595
78,595
Investments
5
100
100
-------
-------
78,695
78,695
Current assets
Debtors
6
–
264
Cash at bank and in hand
243
542
----
----
243
806
Creditors: amounts falling due within one year
7
( 115,793)
( 112,716)
---------
---------
Net current liabilities
( 115,550)
( 111,910)
---------
---------
Total assets less current liabilities
( 36,855)
( 33,215)
-------
-------
Net liabilities
( 36,855)
( 33,215)
-------
-------
Capital and reserves
Called up share capital
1,433
1,433
Share premium account
99,867
99,867
Profit and loss account
( 138,155)
( 134,515)
---------
---------
Shareholders funds
( 36,855)
( 33,215)
---------
---------
These financial statements have been prepared and delivered 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'.
In accordance with section 444 of the Companies Act 2006, the income statement has not been delivered.
For the year ending 30th April 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small 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 26 January 2022 , and are signed on behalf of the board by:
Mr R M Peaker
Director
Company registration number: 08987276
Resolve Divorce Limited
Notes to the financial statements
year ended 30th April 2021
1. General information
The principal activity of the company is being an intermediary for legal services. The company is a private limited company, which is incorporated in England and Wales (no. 08987276 ). The address of the registered office is 8 St Pauls Street, Leeds, LS1 2LE.
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 and in accordance with applicable accounting standards. The financial statements are prepared in sterling, which is the functional currency of the entity.
Going concern
The directors note that the company had net liabilities of £36,855 at the year end. The company continues to have the support of its directors and a related creditor to ensure it can meet its liabilities as they fall due. As such the financial statements have been prepared on the basis that the company can continue to operate as a going concern.
Judgements and key sources of estimation uncertainty
The preparation of the financial statements requires management to make judgements, estimates and assumptions that affect the amounts reported for assets and liabilities as at the date of the statement of financial position and the amounts reported for revenues and expenses during the year. However, the nature of estimation means that actual outcomes could differ from those estimates. Details of these judgements are set out in the accounting policies.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. No depreciation has been charged on the web build during the year, the website is still in the development stage and not yet income generative.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity 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.
4. Tangible assets
Web Build
Total
£
£
Cost
At 1st May 2020 and 30th April 2021
78,595
78,595
-------
-------
Depreciation
At 1st May 2020 and 30th April 2021
–
–
-------
-------
Carrying amount
At 30th April 2021
78,595
78,595
-------
-------
At 30th April 2020
78,595
78,595
-------
-------
5. Investments
Shares in group undertakings
£
Cost
At 1st May 2020 and 30th April 2021
100
----
Impairment
At 1st May 2020 and 30th April 2021
–
----
Carrying amount
At 30th April 2021
100
----
At 30th April 2020
100
----
6. Debtors
2021
2020
£
£
Other debtors
–
264
----
----
7. Creditors: amounts falling due within one year
2021
2020
£
£
Trade creditors
26,328
26,328
Social security and other taxes
16
–
Other creditors
89,449
86,388
---------
---------
115,793
112,716
---------
---------