Dormant 120 Limited - Period Ending 2023-08-31

Dormant 120 Limited

Contents

Accountants' Report	1
Abridged Balance Sheet	2
Notes to the Unaudited Abridged Financial Statements	3 to 4

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Dormant 120 Limited
for the Year Ended 31 August 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Dormant 120 Limited for the year ended 31 August 2023 as set out on pages 2 to 4 from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Dormant 120 Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Dormant 120 Limited and state those matters that we have agreed to state to the Board of Directors of Dormant 120 Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Dormant 120 Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Dormant 120 Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Dormant 120 Limited. You consider that Dormant 120 Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Dormant 120 Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

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Page Kirk LLP
Chartered accountants and chartered tax advisers
Sherwood House
7 Gregory Boulevard
Nottingham
NG7 6LB

6 February 2024

Dormant 120 Limited

(Registration number: 02555382)
Abridged Balance Sheet as at 31 August 2023

	Note	2023		2022
		£	£	£	£
Current assets
Debtors			10,000		-
Capital and reserves
Called up share capital		10,000		10,000
Profit and loss account		-		(10,000)
Total equity			10,000		-

For the financial year ending 31 August 2023 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 accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

All of the company’s members have consented to the preparation of an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 6 February 2024 and signed on its behalf by:
 

......................................... Mrs S P Longmire Director

Dormant 120 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Quantum House
Campbell Way
Dinnington
Sheffield
S25 3QD

These financial statements were authorised for issue by the Board on 6 February 2024.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Basis of preparation of financial statements

These financial statements were prepared under the historical cost convention in accordance with applicable United Kingdom accounting standards, including the Financial Reporting Standard 102 ('FRS 102') Section 1A small entities, and with the Companies Act 2006.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of 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 receivables.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3	Staff numbers

During the year, the average number of employees at the company was 0 (2022 - 0).

Dormant 120 Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 31 August 2023

4	Parent and ultimate parent undertaking

The company's immediate parent is Glass Umbrella Limited, incorporated in England and Wales.

 The ultimate controlling party is Mr M K White, controlling shareholder and director of Glass Umbrella Limited.

The parent of the largest group in which these financial statements are consolidated is Glass Umbrella Limited.

The address of Glass Umbrella Limited is:
Quantum House
Campbell Way
Dinnington
Sheffield
United Kingdom
S25 3QD