Napier Ann Limited Filleted accounts for Companies House (small and micro)

Napier Ann Limited Filleted accounts for Companies House (small and micro)

NAPIER ANN LIMITED - Company Information

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COMPANY REGISTRATION NUMBER: 13000421
Napier Ann Limited
Filleted Unaudited Financial Statements
30 April 2023
Napier Ann Limited
Statement of Financial Position
30 April 2023
2023
2022
Note
£
£
Fixed assets
Tangible assets
4
314,460
313,295
Investments
5
20,278
16,278
------------
------------
334,738
329,573
Current assets
Debtors
6
31
27
Cash at bank and in hand
9,094
4,337
------------
------------
9,125
4,364
Creditors: amounts falling due within one year
7
129,559
155,395
------------
------------
Net current liabilities
120,434
151,031
------------
------------
Total assets less current liabilities
214,304
178,542
Creditors: amounts falling due after more than one year
8
201,272
201,918
------------
------------
Net assets/(liabilities)
13,032
( 23,376)
------------
------------
Capital and reserves
Called up share capital
100
100
Profit and loss account
12,932
( 23,476)
------------
------------
Shareholder funds/(deficit)
13,032
( 23,376)
------------
------------
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 statement of comprehensive income has not been delivered.
For the year ending 30 April 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
- The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Napier Ann Limited
Statement of Financial Position (continued)
30 April 2023
These financial statements were approved by the board of directors and authorised for issue on 29 January 2024 , and are signed on behalf of the board by:
Mr W Campbell-Jones
Director
Company registration number: 13000421
Napier Ann Limited
Notes to the Financial Statements
Year ended 30 April 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 27 Cautley Avenue, Clapham, London, SW4 9HX, England.
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.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered.
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.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
-
15% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Tangible assets
Freehold property
Fixtures and fittings
Total
£
£
£
Cost
At 1 May 2022
285,315
32,918
318,233
Additions
–
6,308
6,308
------------
------------
------------
At 30 April 2023
285,315
39,226
324,541
------------
------------
------------
Depreciation
At 1 May 2022
–
4,938
4,938
Charge for the year
–
5,143
5,143
------------
------------
------------
At 30 April 2023
–
10,081
10,081
------------
------------
------------
Carrying amount
At 30 April 2023
285,315
29,145
314,460
------------
------------
------------
At 30 April 2022
285,315
27,980
313,295
------------
------------
------------
5. Investments
Shares in group undertakings
Loans to group undertakings
Total
£
£
£
Cost
At 1 May 2022
1
16,277
16,278
Additions
–
4,000
4,000
------------
------------
------------
At 30 April 2023
1
20,277
20,278
------------
------------
------------
Impairment
At 1 May 2022 and 30 April 2023
–
–
–
------------
------------
------------
Carrying amount
At 30 April 2023
1
20,277
20,278
------------
------------
------------
At 30 April 2022
1
16,277
16,278
------------
------------
------------
6. Debtors
2023
2022
£
£
Other debtors
31
27
------------
------------
7. Creditors: amounts falling due within one year
2023
2022
£
£
Other creditors
129,559
155,395
------------
------------
8. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
201,272
201,918
------------
------------
9. Director's advances, credits and guarantees
During the year the director entered into the following advances and credits with the company:
2023
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr W Campbell-Jones
–
–
–
------------
------------
------------
2022
Balance brought forward
Advances/ (credits) to the director
Balance outstanding
£
£
£
Mr W Campbell-Jones
–
( 154,294)
( 154,294)
------------
------------
------------