Stochastic House Limited Filleted accounts for Companies House (small and micro)

Stochastic House Limited Filleted accounts for Companies House (small and micro)

STOCHASTIC HOUSE LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 13055620
STOCHASTIC HOUSE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
31 December 2022
STOCHASTIC HOUSE LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
Contents
Pages
Balance sheet 1
Notes to the financial statements 2 to 3
STOCHASTIC HOUSE LIMITED
BALANCE SHEET
31 December 2022
2022
2021
Note
£
£
Current assets
Debtors
5
–
2,100
Cash at bank and in hand
3,243
1,100
------------
------------
3,243
3,200
Creditors: amounts falling due within one year
6
( 1,762)
( 2,470)
------------
------------
Net current assets
1,481
730
------------
------------
Total assets less current liabilities
1,481
730
------------
------------
Capital and reserves
Called up share capital
7
100
100
Profit and loss account
1,381
630
------------
------------
Shareholders funds
1,481
730
------------
------------
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 profit and loss account has not been delivered.
For the year ending 31 December 2022 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 3 February 2023 , and are signed on behalf of the board by:
J K Obloj
Director
Company registration number: 13055620
STOCHASTIC HOUSE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 31 DECEMBER 2022
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 35 Westgate, Huddersfield, West Yorkshire, HD1 1PA.
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, 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.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated net of discounts and of Value Added Tax.
Taxation
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 timing differences at the reporting date. 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.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund. When contributions are not expected to be settled wholly within 12 months of the end of the reporting date in which the employees render the related service, the liability is measured on a discounted present value basis. The unwinding of the discount is recognised as a finance cost in profit or loss in the period in which it arises.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 2 (2021: 2 ).
5. Debtors
2022
2021
£
£
Trade debtors
–
2,000
Other debtors
–
100
------------
------------
–
2,100
------------
------------
6. Creditors: amounts falling due within one year
2022
2021
£
£
Corporation tax
1,762
2,470
------------
------------
7. Called up share capital
Issued, called up and fully paid
2022
2021
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
Shares issued and fully paid
2022
2021
No.
£
No.
£
Ordinary shares of £ 1 each
100
100
100
100
------------
------------
------------
------------
Shares issued and partly paid
2022
2021
No.
£
No.
£
The issued share capital comprises of 50 ordinary A £1 shares and 50 ordinary B £1 shares. The different classes of share generally rank pari passu.
8. Related party transactions
There is no one controlling party of the company.