Notes to the financial statements
Period ended 30 April 2022
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 73a London Road, Alderley Edge, United Kingdom, SK9 7DY.
2.
Accounting policies
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Basis of preparation of financial statements
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The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of
Financial Reporting Standard 102, the Financial Reporting Standard applicable in
the UK and the Republic of Ireland and the Companies Act 2006
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The following principal accounting policies have been applied:
The company is reliant upon the continuing support of it's parent company whose directors agree not to withdraw funds to the detriment of other creditors. On this basis the directors consider it appropriate to prepare financial statements on a going concern basis.
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services rendered, stated.
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.
The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
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The average monthly number of employees, including directors, during the period was
2
.
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2
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