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REGISTERED NUMBER: 01869390 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2023

for

Autumnpark Limited

Autumnpark Limited (Registered number: 01869390)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Autumnpark Limited

Company Information
for the Year Ended 30 June 2023







DIRECTORS: Mrs V C Edwards
J J Eatch
A P Edwards
Mrs E R Eatch





REGISTERED OFFICE: Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ





REGISTERED NUMBER: 01869390 (England and Wales)





ACCOUNTANTS: Bostockwhite Limited
Cabourn House
Station Street
Bingham
Nottinghamshire
NG13 8AQ

Autumnpark Limited (Registered number: 01869390)

Balance Sheet
30 June 2023

30.6.23 30.6.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 32,531 47,470
Investment property 5 3,269,867 3,269,867
3,302,398 3,317,337

CURRENT ASSETS
Debtors 6 3,150,914 3,118,849
Cash at bank 3,202,061 3,365,742
6,352,975 6,484,591
CREDITORS
Amounts falling due within one year 7 194,333 202,266
NET CURRENT ASSETS 6,158,642 6,282,325
TOTAL ASSETS LESS CURRENT
LIABILITIES

9,461,040

9,599,662

PROVISIONS FOR LIABILITIES 8 43,264 39,624
NET ASSETS 9,417,776 9,560,038

CAPITAL AND RESERVES
Called up share capital 9 2,860 2,860
Revaluation reserve 10 1,484,029 1,484,029
Capital redemption reserve 10 220 220
Retained earnings 10 7,930,667 8,072,929
SHAREHOLDERS' FUNDS 9,417,776 9,560,038

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Autumnpark Limited (Registered number: 01869390)

Balance Sheet - continued
30 June 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 January 2024 and were signed on its behalf by:




A P Edwards - Director



J J Eatch - Director


Autumnpark Limited (Registered number: 01869390)

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

1. STATUTORY INFORMATION

Autumnpark Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Where the rental period straddles the financial year end, the proportion that relates to the following year is deferred. Equally if the invoice falls in the following year, any element of the sale that relates to the current year is accrued.

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 - 25% on reducing balance
Computer equipment - 33% on cost

Tangible fixed assets are initially recognised at cost which is the purchase price plus any directly attributable costs. Subsequently, tangible fixed assets are measured at cost less accumulated depreciation and impairment losses.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Movements in these fair values are transferred to the revaluation reserve for a clear separation of realised and unrealised gains and losses and also for the purposes of separating distributable and un-distributable reserves.

The deferred taxation arising on the revaluation gains or losses is transferred to the revaluation reserve in order to align the tax charge provided against the revaluation shown in the financial statements.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.


Autumnpark Limited (Registered number: 01869390)

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

2. ACCOUNTING POLICIES - continued
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.

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 6 (2022 - 6 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 July 2022 95,203 11,452 106,655
Disposals (15,962 ) (9,244 ) (25,206 )
At 30 June 2023 79,241 2,208 81,449
DEPRECIATION
At 1 July 2022 49,233 9,952 59,185
Charge for year 12,729 430 13,159
Eliminated on disposal (14,182 ) (9,244 ) (23,426 )
At 30 June 2023 47,780 1,138 48,918
NET BOOK VALUE
At 30 June 2023 31,461 1,070 32,531
At 30 June 2022 45,970 1,500 47,470

Autumnpark Limited (Registered number: 01869390)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2022
and 30 June 2023 3,269,867
NET BOOK VALUE
At 30 June 2023 3,269,867
At 30 June 2022 3,269,867

Fair value at 30 June 2023 is represented by:
£   
Valuation in 2023 2,755,400
Cost 514,467
3,269,867

If the investment property had not been revalued it would have been included at the following historical cost:

30.6.23 30.6.22
£    £   
Cost 1,764,319 1,764,319

Investment property was valued at current market value of the freehold interests subject to and with the benefit of the existing leases. The valuation was carried out March 2018 by Savills (UK) Limited in accordance with RICS valuation standards.

6. DEBTORS
30.6.23 30.6.22
£    £   
Amounts falling due within one year:
Trade debtors 37,708 13,646
Prepayments 16,021 8,018
53,729 21,664

Amounts falling due after more than one year:
Amounts owed by group undertakings 3,097,185 3,097,185

Aggregate amounts 3,150,914 3,118,849

Autumnpark Limited (Registered number: 01869390)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.23 30.6.22
£    £   
Trade creditors 19,683 16,257
Tax 24,818 16,101
VAT 8,123 7,653
Other creditors 18,511 18,558
Directors' current accounts 55,928 77,825
Accruals and deferred income 67,270 65,872
194,333 202,266

8. PROVISIONS FOR LIABILITIES
30.6.23 30.6.22
£    £   
Deferred tax 43,264 39,624

Deferred
tax
£   
Balance at 1 July 2022 39,624
Charge to Income Statement during year 3,640
Change in rate used
Balance at 30 June 2023 43,264

Of the deferred tax provision at the period end, £28,315 (PY: £28,315) relates to the revaluation of investment properties and £14,949 (PY: £11,309) relates to accelerated capital allowances.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.23 30.6.22
value: £    £   
260 Ordinary A £1 260 260
2,600 Ordinary B £1 2,600 2,600
2,860 2,860

The "A" & "B" rank pari passu.

Autumnpark Limited (Registered number: 01869390)

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

10. RESERVES
Capital
Retained Revaluation redemption
earnings reserve reserve Totals
£    £    £    £   

At 1 July 2022 8,072,929 1,484,029 220 9,557,178
Profit for the year 97,738 97,738
Dividends (240,000 ) (240,000 )
At 30 June 2023 7,930,667 1,484,029 220 9,414,916

Retained earnings
This reserve represents cumulative profits and losses net of distributions to owners.

Revaluation reserve
This reserve represents the cumulative gains and losses on the revaluation of investment properties, net of deferred taxation.

Capital redemption reserve
A non-distributable reserve created from the buy back by the company of share capital.

11. RELATED PARTY DISCLOSURES

The company also had transactions with a company which owns 50% of the issued share capital of the company.

At the balance sheet date, a total of £3,097,185 (2022: £3,097,185) was due to the company from the related party.