Silverfin false false 30/06/2023 01/07/2022 30/06/2023 D J Allan 07/07/2014 P J Allan 07/07/2014 S A Allan 07/01/2015 31 January 2024 The principal activity of the Company continued to be that of holding an interest in a limited liability partnership whose activity continued to be mineral extraction and commercial exploitation of aggregates, subsequent backfilling and reinstatement of land.

The company’s capital contribution to this limited liability partnership was a 30 year lease of the company’s freehold land and a result of this the company was entitled to receive rental income during the year.
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Company No: 09119544 (England and Wales)

G.R. ALLAN AGGREGATES (THORNEY) LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

G.R. ALLAN AGGREGATES (THORNEY) LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

G.R. ALLAN AGGREGATES (THORNEY) LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2023
G.R. ALLAN AGGREGATES (THORNEY) LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Tangible assets 3 1 1
Investments 4 1 1
2 2
Current assets
Debtors 5 142,491 129,991
Cash at bank and in hand 1,729 1,825
144,220 131,816
Creditors: amounts falling due within one year 6 ( 141,441) ( 136,583)
Net current assets/(liabilities) 2,779 (4,767)
Total assets less current liabilities 2,781 (4,765)
Net assets/(liabilities) 2,781 ( 4,765)
Capital and reserves
Called-up share capital 7 300 300
Profit and loss account 2,481 ( 5,065 )
Total shareholder's funds/(deficit) 2,781 ( 4,765)

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of G.R. Allan Aggregates (Thorney) Limited (registered number: 09119544) were approved and authorised for issue by the Director. They were signed on its behalf by:

P J Allan
Director

31 January 2024

G.R. ALLAN AGGREGATES (THORNEY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
G.R. ALLAN AGGREGATES (THORNEY) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

G.R. Allan Aggregates (Thorney) Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Catwater Farm The Causeway, Thorney, Peterborough, PE6 0QL, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover represents rent receivable from the leasing of the land held by the company.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings not depreciated

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Financial instruments

The Company only enters into basic financial instruments and 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 and from related parties.

Financial assets
Basic financial assets, including trade and other debtors, and amounts due from related companies, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in the Statement of Income and Retained Earnings.

Financial assets are derecognised when (a) the contractual rights to the cash flows from the asset expire or are settled, or (b) substantially all the risks and rewards of the ownership of the asset are transferred to another party or (c) control of the asset has been transferred to another party who has the practical ability to unilaterally sell the asset to an unrelated third party without imposing additional restrictions.

Financial liabilities
Basic financial liabilities, including trade and other creditors and accruals, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Financial assets and liabilities are offset and the net amounts presented in the financial statements when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Tangible assets

Land and buildings Total
£ £
Cost
At 01 July 2022 1 1
At 30 June 2023 1 1
Accumulated depreciation
At 01 July 2022 0 0
At 30 June 2023 0 0
Net book value
At 30 June 2023 1 1
At 30 June 2022 1 1

4. Fixed asset investments

Other investments Total
£ £
Carrying value before impairment
At 01 July 2022 1 1
At 30 June 2023 1 1
Provisions for impairment
At 01 July 2022 0 0
At 30 June 2023 0 0
Carrying value at 30 June 2023 1 1
Carrying value at 30 June 2022 1 1

5. Debtors

2023 2022
£ £
Other debtors 142,491 129,991

6. Creditors: amounts falling due within one year

2023 2022
£ £
Accruals 2,349 1,919
Taxation and social security 1,780 1,900
Other creditors 137,312 132,764
141,441 136,583

7. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
300 Ordinary shares of £ 1.00 each 300 300

8. Related party transactions

Other related party transactions

2023 2022
£ £
During the year, an amount was receivable in respect of rent due from a limited liability partnership which the company is a member of 12,500 12,500
At the year end, included in other debtors is an amount due from this limited liability partnership 142,491 129,991
Included in other creditors is an amount due to a partnership in which two of the directors are partners 137,312 132,764