REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2021 |
for |
Falkner Street Limited |
REGISTERED NUMBER: |
Financial Statements for the Year Ended 31 August 2021 |
for |
Falkner Street Limited |
Falkner Street Limited (Registered number: 09824803) |
Contents of the Financial Statements |
for the Year Ended 31 August 2021 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Falkner Street Limited |
Company Information |
for the Year Ended 31 August 2021 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
Falkner Street Limited (Registered number: 09824803) |
Balance Sheet |
31 August 2021 |
31.8.21 | 31.8.20 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Falkner Street Limited (Registered number: 09824803) |
Notes to the Financial Statements |
for the Year Ended 31 August 2021 |
1. | STATUTORY INFORMATION |
Falkner Street Limited is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Significant judgements and estimates |
The preparation of these financial statements in accordance with FRS 102 requires the use of certain critical accounting estimates. Estimates and and judgements are continually evaluated and are based on historical experience, current knowledge and expectations of future events. |
Financial instruments |
Other loans are initially measured at the present value of future payments, discounted at a market rate of interest, and subsequently at amortised cost using the effective interest method. |
Directors loans and intercompany loans (being repayable on demand), trade debtors and trade creditors are measured at the undiscounted amount of the cash or other consideration expected to be paid or received. |
Financial assets that are measured at amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit and loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2020 - NIL). |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.8.21 | 31.8.20 |
£ | £ |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Falkner Street Limited (Registered number: 09824803) |
Notes to the Financial Statements - continued |
for the Year Ended 31 August 2021 |
6. | RELATED PARTY DISCLOSURES |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
At the balance sheet date included in other creditors was £808,679 (2020 £808,679) due to companies under common control and £2,177,624 (2020 £2,177,524) due from companies under common control. The loans are interest free and repayable on demand. |