Caseware UK (AP4) 2022.0.179 2022.0.179 2023-02-282023-02-282022-03-015falseNo description of principal activity5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 00491819 2022-03-01 2023-02-28 00491819 2021-03-01 2022-02-28 00491819 2023-02-28 00491819 2022-02-28 00491819 1 2022-03-01 2023-02-28 00491819 1 2021-03-01 2022-02-28 00491819 d:CompanySecretary1 2022-03-01 2023-02-28 00491819 d:Director1 2022-03-01 2023-02-28 00491819 d:Director1 2023-02-28 00491819 d:Director2 2022-03-01 2023-02-28 00491819 d:Director3 2022-03-01 2023-02-28 00491819 d:Director4 2022-03-01 2023-02-28 00491819 d:Director5 2022-03-01 2023-02-28 00491819 d:RegisteredOffice 2022-03-01 2023-02-28 00491819 e:MotorVehicles 2022-03-01 2023-02-28 00491819 e:MotorVehicles 2023-02-28 00491819 e:MotorVehicles 2022-02-28 00491819 e:MotorVehicles e:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 00491819 e:FurnitureFittings 2022-03-01 2023-02-28 00491819 e:FurnitureFittings 2023-02-28 00491819 e:FurnitureFittings 2022-02-28 00491819 e:FurnitureFittings e:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 00491819 e:OwnedOrFreeholdAssets 2022-03-01 2023-02-28 00491819 e:FreeholdInvestmentProperty 2023-02-28 00491819 e:FreeholdInvestmentProperty 2022-02-28 00491819 e:CurrentFinancialInstruments 2023-02-28 00491819 e:CurrentFinancialInstruments 2022-02-28 00491819 e:CurrentFinancialInstruments 3 2023-02-28 00491819 e:CurrentFinancialInstruments 3 2022-02-28 00491819 e:Non-currentFinancialInstruments 2023-02-28 00491819 e:Non-currentFinancialInstruments 2022-02-28 00491819 e:CurrentFinancialInstruments e:WithinOneYear 2023-02-28 00491819 e:CurrentFinancialInstruments e:WithinOneYear 2022-02-28 00491819 e:Non-currentFinancialInstruments e:AfterOneYear 2023-02-28 00491819 e:Non-currentFinancialInstruments e:AfterOneYear 2022-02-28 00491819 e:UKTax 2022-03-01 2023-02-28 00491819 e:UKTax 2021-03-01 2022-02-28 00491819 e:ShareCapital 2023-02-28 00491819 e:ShareCapital 2022-02-28 00491819 e:CapitalRedemptionReserve 2023-02-28 00491819 e:CapitalRedemptionReserve 2022-02-28 00491819 e:RevaluationReserve 2022-03-01 2023-02-28 00491819 e:RetainedEarningsAccumulatedLosses 2023-02-28 00491819 e:RetainedEarningsAccumulatedLosses 2022-02-28 00491819 d:FRS102 2022-03-01 2023-02-28 00491819 d:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 00491819 d:FullAccounts 2022-03-01 2023-02-28 00491819 d:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 00491819 e:AcceleratedTaxDepreciationDeferredTax 2023-02-28 00491819 e:AcceleratedTaxDepreciationDeferredTax 2022-02-28 00491819 e:TaxLossesCarry-forwardsDeferredTax 2023-02-28 00491819 e:TaxLossesCarry-forwardsDeferredTax 2022-02-28 iso4217:GBP xbrli:pure
Company registration number: 00491819







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
28 FEBRUARY 2023


ALLEN GLANVILLE HOLDINGS LIMITED






































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ALLEN GLANVILLE HOLDINGS LIMITED
 


 
COMPANY INFORMATION


Directors
M M Allen (resigned 30 March 2023)
S M Allen 
R A Allen 
E S Bell 
K J Sykes 




Company secretary
S M Allen



Registered number
00491819



Registered office
Victoria House
50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


ALLEN GLANVILLE HOLDINGS LIMITED
 



CONTENTS



Page
Statement of Financial Position
1 - 2
Notes to the Financial Statements
3 - 8


 


ALLEN GLANVILLE HOLDINGS LIMITED
REGISTERED NUMBER:00491819



STATEMENT OF FINANCIAL POSITION
AS AT 28 FEBRUARY 2023

2023
2022
Note
£
£

Fixed assets
  

Tangible assets
 4 
11,293
15,058

Investment property
 5 
17,750,586
17,750,586

  
17,761,879
17,765,644

Current assets
  

Debtors: amounts falling due within one year
 6 
301,150
342,398

Cash at bank and in hand
  
897,177
849,637

  
1,198,327
1,192,035

Creditors: amounts falling due within one year
 7 
(577,396)
(513,662)

Net current assets
  
 
 
620,931
 
 
678,373

Total assets less current liabilities
  
18,382,810
18,444,017

Creditors: amounts falling due after more than one year
 8 
(1,400,000)
(1,900,000)

Provisions for liabilities
  

Deferred tax
 9 
(1,177,049)
(1,177,392)

  
 
 
(1,177,049)
 
 
(1,177,392)

Net assets
  
15,805,761
15,366,625


Capital and reserves
  

Called up share capital 
  
1,818
1,818

Capital redemption reserve
 10 
2,182
2,182

Profit and loss account
 10 
15,801,761
15,362,625

  
15,805,761
15,366,625


Page 1

 


ALLEN GLANVILLE HOLDINGS LIMITED
REGISTERED NUMBER:00491819


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 28 FEBRUARY 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by by: 




R A Allen
Director

Date: 27 November 2023

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

1.


General information

Allen Glanville Holdings Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

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.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises of rents receivable in connection with the Company's freehold investment properties. The revenue is recognised at fair value of the consideration receivable, in the period in which the rental takes place and when the following conditions are satisfied:
•        the amount of revenue can be measured reliably;
•        it is probable that the Company will receive the consideration due under the contract.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods listed below..

Depreciation is provided on the following basis:

Motor vehicles
-
25%
on written down value
Fixtures and fittings
-
25%
on written down value

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment properties

Investment properties are included at fair value. Gains are recognised in the income statement. Deferred tax  is provided on these gains at the rate expected to apply when the property is sold.

Page 3

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.



 
2.7

Financial instruments

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.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Borrowing costs

The borrowing costs are recognised in the Statement of Comprehensive Income and are spread over the term of the loan.

Page 4

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

3.


Taxation


2023
2022
£
£

Corporation tax


Current tax on profits for the year
160,620
138,388


160,620
138,388


Total current tax
160,620
138,388

Deferred tax


Origination and reversal of timing differences
(343)
-

Changes to tax rates
-
84,725

Property revaluation
-
687,500

Total deferred tax
(343)
772,225


Taxation on profit on ordinary activities
160,277
910,613








Page 5

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

4.


Tangible fixed assets





Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 March 2022
35,694
39,056
74,750



At 28 February 2023

35,694
39,056
74,750



Depreciation


At 1 March 2022
20,636
39,056
59,692


Charge for the year on owned assets
3,765
-
3,765



At 28 February 2023

24,401
39,056
63,457



Net book value



At 28 February 2023
11,293
-
11,293



At 28 February 2022
15,058
-
15,058







5.


Investment properties


Freehold investment properties

£



Valuation


At 1 March 2022
17,750,586



At 28 February 2023
17,750,586

The 2023 valuations were made by an independent surveyor valuation in January 2022, on an open market value for existing use basis. The directors consider the value to still be appropriate as at 28 February 2023.

The historical cost of the investment properties is £12,745,112.




Page 6

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

6.


Debtors

2023
2022
£
£


Trade debtors
28,497
23,989

Other debtors
542
25,399

Prepayments and accrued income
72,211
73,110

Loans receivable
199,900
219,900

301,150
342,398


The debtors above include the following amounts falling due after more than one year:


2023
2022
£
£



Loans receivable
179,900
199,900

179,900
199,900


7.


Creditors: Amounts falling due within one year

2023
2022
£
£

Bank loans
100,000
100,000

Trade creditors
9,377
-

Corporation tax
160,620
138,388

Other taxation and social security
58,341
45,472

Other creditors
162,967
136,741

Accruals and deferred income
86,091
93,061

577,396
513,662


The bank loan is secured on the assets of the company.

Page 7

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023

8.


Creditors: amounts falling due after more than one year

2023
2022
£
£

Bank loans
1,400,000
1,900,000

1,400,000
1,900,000


The bank loan is secured on the assets of the company.


9.


Deferred taxation




2023


£






At beginning of year
(1,177,392)


Charged to profit or loss
343



At end of year
(1,177,049)

The provision for deferred taxation is made up as follows:

2023
2022
£
£


Deferred tax on investment properties
(1,183,607)
(1,183,607)

Accelerated capital allowances
6,558
6,215

(1,177,049)
(1,177,392)


10.


Reserves

Revaluation reserve

Included within the profit and loss account is an undistributable amount of £3,821,867 (2022: £3,821,867) relating to the fair value movement of investment properties in the year after taking into account taxation.

 
Page 8