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REGISTERED NUMBER: 07435711 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2023

for

And Co Group Ltd

And Co Group Ltd (Registered number: 07435711)






Contents of the Financial Statements
for the Year Ended 30 April 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


And Co Group Ltd

Company Information
for the Year Ended 30 April 2023







DIRECTORS: G R Thomas
Mrs J S Thomas
R B Waley-Cohen
M Waley-Cohen
P T Broomham
D S D Steptoe





REGISTERED OFFICE: 27 Sheep Street
Bicester
Oxfordshire
OX26 6JF





REGISTERED NUMBER: 07435711 (England and Wales)





ACCOUNTANTS: Handleys Chartered Accountants
10 Manor Park
Banbury
Oxfordshire
OX16 3TB

And Co Group Ltd (Registered number: 07435711)

Balance Sheet
30 April 2023

30.4.23 30.4.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 113,323 135,142
Investments 6 5,979,094 5,979,094
6,092,417 6,114,236

CURRENT ASSETS
Debtors 7 4,625,605 4,331,347
Cash at bank 21,381 920
4,646,986 4,332,267
CREDITORS
Amounts falling due within one year 8 1,415,368 1,293,533
NET CURRENT ASSETS 3,231,618 3,038,734
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,324,035

9,152,970

CREDITORS
Amounts falling due after more than
one year

9

(7,316,826

)

(7,952,902

)

PROVISIONS FOR LIABILITIES (28,331 ) (25,515 )
NET ASSETS 1,978,878 1,174,553

CAPITAL AND RESERVES
Called up share capital 5,511 5,511
Retained earnings 1,973,367 1,169,042
SHAREHOLDERS' FUNDS 1,978,878 1,174,553

And Co Group Ltd (Registered number: 07435711)

Balance Sheet - continued
30 April 2023


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2023 and were signed on its behalf by:





G R Thomas - Director


And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements
for the Year Ended 30 April 2023

1. STATUTORY INFORMATION

And Co Group Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue recognition
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of value added tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. For sales of goods, the turnover is shown net of distribution and carriage charges.

Revenue from sale of goods is recognised when significant risks and rewards of ownership have been transferred to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from sale of services is recognised when the stage of completion of the transaction can be measured reliably.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life of 5 years.

It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 38 (2022 - 36 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2022
and 30 April 2023 107,889
AMORTISATION
At 1 May 2022
and 30 April 2023 107,889
NET BOOK VALUE
At 30 April 2023 -
At 30 April 2022 -

And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2022 366,003
Additions 15,955
At 30 April 2023 381,958
DEPRECIATION
At 1 May 2022 230,861
Charge for year 37,774
At 30 April 2023 268,635
NET BOOK VALUE
At 30 April 2023 113,323
At 30 April 2022 135,142

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2022
and 30 April 2023 5,979,094
NET BOOK VALUE
At 30 April 2023 5,979,094
At 30 April 2022 5,979,094

The company's investments at the Balance Sheet date in the share capital of companies include the following:


Alexander and Co Property Services Ltd
Registered office: 27 Sheep Street; Bicester; Oxfordshire; OX26 6JF
Nature of business: Letting and sales estate agency
%
Class of shares: holding
Ordinary 100.00

And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

6. FIXED ASSET INVESTMENTS - continued

Claire Lloyd Properties Limited
Registered office: 27 Sheep Street; Bicester; Oxfordshire; OX26 6JF
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00

Hartwell Partnership (Aylesbury) Limited
Registered office: 27 Sheep Street; Bicester; Oxfordshire; OX26 6JF
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00

Alexander and Co Financial Services Ltd
Registered office: 27 Sheep Street; Bicester; Oxfordshire; OX26 6JF
Nature of business: Management of real estate
%
Class of shares: holding
Ordinary 100.00

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Trade debtors 181,472 294,459
Other debtors 4,444,133 4,036,888
4,625,605 4,331,347

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans and overdrafts 235,719 287,114
Trade creditors 252,864 165,703
Taxation and social security 634,202 579,641
Other creditors 292,583 261,075
1,415,368 1,293,533

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.4.23 30.4.22
£    £   
Bank loans 365,357 602,349
Other creditors 6,951,469 7,350,553
7,316,826 7,952,902

And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2023

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
30.4.23 30.4.22
£    £   
Within one year 260,152 264,605
Between one and five years 696,497 359,546
In more than five years 81,591 232,549
1,038,240 856,700

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.23 30.4.22
£    £   
Bank loans 601,076 889,463

The bank loan is secured by a fixed and floating charge over all of the assets of the company.

12. RELATED PARTY DISCLOSURES

The company is partly financed by four long term loans from Ocarma Ventures Limited, a company which the director Robert Waley-Cohen controls. The amount outstanding at the balance sheet to Ocarma Ventures is £6,039,386 (2022: £6,256,053). During the year interest was charged on the loans at 8% and amounted to £489,648.