Gentian (Mid-Essex) Limited Filleted accounts for Companies House (small and micro)
Gentian (Mid-Essex) Limited Filleted accounts for Companies House (small and micro)
COMPANY REGISTRATION NUMBER:
07270094
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Balance Sheet |
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2021 |
2020 |
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Note |
£ |
£ |
£ |
£ |
Current assets
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Debtors |
5 |
– |
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Cash at bank and in hand |
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-------- |
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Creditors: amounts falling due within one year |
6 |
– |
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-------- |
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Net current assets |
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Total assets less current liabilities |
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Capital and reserves
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Called up share capital |
7 |
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Shareholders funds |
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In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
The company did not trade during the year and has not made either a profit or loss.
Directors' responsibilities:
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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
;
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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
4 May 2022
, and are signed on behalf of the board by:
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Director |
Director |
Company registration number:
07270094
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Notes to the Financial Statements |
Year ended 31 December 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, England.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss. The financial statements are prepared in sterling, which is the functional currency of the entity.
Income statement
The company is dormant as defined by section 1169 of the Companies Act 2006. The company received no income and incurred no expenditure during the current year.
Revenue recognition
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date. Deferred tax is recognised in respect of all material timing differences at the reporting date, except where there is an exemption under FRS 102 Section 29. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Derivatives, including interest rate swaps, are not basic financial instruments. Derivatives are initially recognised at fair value on the date a derivative contract is entered into and are subsequently re-measured at their fair value. The net changes in fair value of derivatives are recognised in the profit or loss, unless they are included in a hedging arrangement. The derivative financial assets and liabilities are included within assets and liabilities falling due after more than one year.
4.
Average number of employees
During the year the average number of employees was
2
(2020: 2) which consisted of the directors only.
5.
Debtors
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2021 |
2020 |
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£ |
£ |
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Amounts owed by group undertakings |
– |
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6.
Creditors:
amounts falling due within one year
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2021 |
2020 |
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£ |
£ |
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Corporation tax |
– |
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7.
Called up share capital
Issued, called up and fully paid
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2021 |
2020 |
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No. |
£ |
No. |
£ |
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1 |
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1 |
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8.
Reserves
Profit and loss account - This reserve includes both distributable and non-distributable reserves.
9.
Related party transactions
The company is a wholly owned subsidiary of Gentian Investments Limited and has taken advantage of the exemption granted under FRS 102 section 33.1A not to disclose transactions with Gentian Investments Limited or other wholly owned subsidiaries within the group.
10.
Controlling party
The ultimate parent undertaking of
Gentian (Mid-Essex) Limited
is Gentian Investments Limited, a company incorporated in England and Wales. The registered office is 146 New London Road, Chelmsford, Essex, CM2 0AW, United Kingdom.