The Halcyon Centre Ltd 31/08/2021 iXBRL
The Halcyon Centre Ltd 31/08/2021 iXBRL
Company registration number:
07344522
Contents
Directors and other information
Statement of financial position
Notes to the financial statements
Directors and other information
Director |
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Company number |
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Registered office |
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Statement of financial position
31 August 2021
2021 | 2020 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Intangible assets | 5 |
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Tangible assets | 6 |
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Current assets | |||||||||
Debtors | 7 |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year | 8 |
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Net current assets |
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Total assets less current liabilities |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Director's responsibilities:
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
18 March 2022
, and are signed on behalf of the board by:
Director
Company registration number:
07344522
Notes to the financial statements
Year ended 31 August 2021
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 5 Underwood Street, London, N1 7LY.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for services rendered, net of discounts and Value Added Tax.
Revenue from the rendering of services is measured by reference to the stage of completion of the service transaction at the end of the reporting period provided that the outcome can be reliably estimated. When the outcome cannot be reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.
Taxation
No provision for deferred taxation has been provided for in the financial statements, due to the amount not being material.
Goodwill
Amortisation
Amortisation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful life of that asset as follows:
Goodwill | - | estimated useful economic life of 10 years |
If there is an indication that there has been a significant change in amortisation rate, useful life or residual value of an intangible asset, the amortisation is revised prospectively to reflect the new estimates.
Tangible assets
tangible assets are initially recorded at cost, and are subsequently stated at cost less any accumulated depreciation and 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:
Plant and machinery | - |
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If there is an indication that there has been a significant change in depreciation rate, useful life or residual value of tangible assets, the depreciation is revised prospectively to reflect the new estimates.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Government grants
Government grants are recognised at the fair value of the asset received or receivable. Grants are not recognised until there is reasonable assurance that the company will comply with the conditions attaching to them and the grants will be received.
Financial instruments
A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.
Basic financial instruments are initially recognised at the transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.
Debt instruments are subsequently measured at amortised cost.
Defined contribution plans
Contributions to defined contribution plans are recognised as an expense in the period in which the related service is provided. Prepaid contributions are recognised as an asset to the extent that the prepayment will lead to a reduction in future payments or a cash refund.
4.
Employee numbers
The average number of persons employed by the company during the year amounted to
1
(2020:
1
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5.
Intangible assets
Goodwill | Total | ||
£ | £ | ||
Cost | |||
At 1 September 2020 and 31 August 2021 |
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Amortisation | |||
At 1 September 2020 |
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Charge for the year |
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At 31 August 2021 |
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Carrying amount | |||
At 31 August 2021 |
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At 31 August 2020 |
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6.
Tangible assets
Plant and machinery | Fixtures, fittings and equipment | Total | ||
£ | £ | £ | ||
Cost | ||||
At 1 September 2020 |
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Additions |
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Disposals |
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At 31 August 2021 |
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Depreciation | ||||
At 1 September 2020 |
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Charge for the year |
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Disposals |
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At 31 August 2021 |
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Carrying amount | ||||
At 31 August 2021 |
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At 31 August 2020 |
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7.
Debtors
2021 | 2020 | |||
£ | £ | |||
Trade debtors |
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Other debtors |
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8.
Creditors: amounts falling due within one year
2021 | 2020 | |||
£ | £ | |||
Trade creditors |
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Corporation tax |
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Social security and other taxes |
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Other creditors | - |
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9.
Related party transactions
At the balance sheet date, £142,125 (2020: £141,600) was owed to the reporting entity by Tighnua Limited, a company registered in England and Wales, which the director is also a shareholder and is included within debtors falling due within one year.