Contents of the Financial Statements

for the Period Ended 31 December 2022

Directors' report period ended 31 December 2022

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

Directors

The directors shown below have held office during the whole of the period from
10 May 2022 to 31 December 2022

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
15 May 2023

And signed on behalf of the board by:
Name: Ian Christopher Jason Ford
Status: Director

Profit And Loss Account

for the Period Ended 31 December 2022

Balance sheet

As at 31 December 2022

The notes form part of these financial statements

Balance sheet statements

For the year ending 31 December 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 December 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

  Other accounting policies

  Investment in subsidiaries: Investments are reviewed for impairment at each reporting date. Impairment exists when there are events or changes in circumstance that indicate that the carrying amount may not be recoverable. Impairment is measured as the difference between the carrying value and the recoverable amount, and is recorded in the Statement of Comprehensive Income. Trade and other receivables: Trade receivables are initially recognized at transaction price. Trade receivables include VAT and other receivables. A provision against trade debtors is established when there is objective evidence that the Company will not be able to collect all amounts due according to the original terms of the debtor. Significant financial difficulties of the debtor, probability that the debtor will enter bankruptcy or financial reorganization, and default or delinquency in payments (more than 180 days overdue) are considered indicators that the trade debtor requires a provision. The carrying amount of the asset is reduced through the use of the provision, and the amount of the loss is recognized in the Statement of Comprehensive Income. When a trade debtor is uncollectible, it is written off against the provision for trade debtors. If there is a decrease in the impairment loss arising from an event occurring after the impairment was recognized, the impairment is reversed. The reversal is such that the current carrying amount does not exceed what the carrying amount would have been had the impairment not previously been recognized. The impairment reversal is recognized in the Statement of Comprehensive Income. Cash and cash equivalents: Cash and cash equivalents are carried at cost and consist of cash in hand and short term deposits in banks with an original maturity of three months or less. Trade payables: Trade payables includes accounts payable for professional services received by the Company. Intercompany loans: Loans are recorded at principal, less any repayments to date. Interest and fees on the loans are recorded in the Statement of Comprehensive Income on an accrual basis. Expenses: Expenses are recognized on an accruals basis as soon as there is a legal or constructive obligation committing the Company to that expenditure, it is probable that settlement will be required and the amount of the obligation can be measured reliably. Share capital and share premium: Capital transactions are recorded as equity. Cash flow statement: The Company has taken advantage of the exemption under FRS 102 from preparing a Statement of Cash Flow, on the basis that is a small entity.

Notes to the Financial Statements

for the Period Ended 31 December 2022

• 2. Employees

  	8 months to 31 December 2022
  Average number of employees during the period	0