FERROMONT UK LTD

2022-01-012022-12-312022-12-31false07005847FERROMONT UK 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FERROMONT UK LTD

Registered Number
07005847
(England and Wales)

Unaudited Financial Statements for the Year ended
31 December 2022

FERROMONT UK LTD

Company Information
for the year from 1 January 2022 to 31 December 2022


Director	CHRISTOF, Oliver


Registered Address	136 Kensington Church Street
	London
	W8 4BH


Registered Number	07005847 (England and Wales)

FERROMONT UK LTD

Balance Sheet as at
31 December 2022

	Notes	2022		2021
		£	£	£	£
Current assets
Debtors	5	150		505
Cash at bank and on hand		654		462
		804		967
Creditors amounts falling due within one year	6	(2,700)		(1,649)
Net current assets (liabilities)			(1,896)		(682)
Total assets less current liabilities			(1,896)		(682)
Creditors amounts falling due after one year	7		(11,555)		(11,555)
Net assets			(13,451)		(12,237)
Capital and reserves
Called up share capital			10,000		10,000
Profit and loss account			(23,451)		(22,237)
Shareholders' funds			(13,451)		(12,237)

The company was entitled to exemption from audit for this reporting period 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 Director acknowledges 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 in accordance with the provisions applicable to companies subject to the small companies regime. The directors have chosen to not file a copy of the company’s profit and loss account.

The financial statements were approved and authorised for issue by the Director on 28 September 2023, and are signed on its behalf by:

CHRISTOF, Oliver
Director
Registered Company No. 07005847

FERROMONT UK LTD

Notes to the Financial Statements
for the year ended 31 December 2022

1.	Statutory information
	The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	Compliance with applicable reporting framework
	The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.

3.	Accounting policies

	Revenue recognition policy
	Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

Revenue recognition policy

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.

	Foreign currency translation and operations policy
	Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

Foreign currency translation and operations policy

Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.

	Going concern
	Having due regard to cash flow forecasts, the director considers that based on their continued support, it is appropriate to prepare the accounts on a going concern basis.

4.	Employee information


		2022		2021
	Average number of employees during the year	0		0

5.	Debtors

	2022	2021
	£	£
Other debtors	150	505
Total	150	505


	Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.

6.	Creditors within one year

	2022	2021
	£	£
Other creditors	1,900	-
Accrued liabilities and deferred income	800	1,649
Total	2,700	1,649


	Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.

7.	Creditors after one year

	2022	2021
	£	£
Amounts owed to related parties	-	11,555
Other creditors	11,555	-
Total	11,555	11,555