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For the period ended |
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Financial Statements |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 to 3 |
Directors' report |
4 to 5 |
Independent auditor's report to the members |
6 to 8 |
Consolidated statement of comprehensive income |
9 |
Consolidated statement of financial position |
10 |
Company statement of financial position |
11 |
Consolidated statement of changes in equity |
12 |
Company statement of changes in equity |
13 |
Consolidated statement of cash flows |
14 |
Notes to the financial statements |
15 to 21 |
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Officers and Professional Advisers |
The Board of Directors |
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Registered Office |
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Auditor |
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Chartered Accountants & Statutory Auditor |
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17 Walkergate |
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Berwick Upon Tweed |
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United Kingdom |
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TD15 1DJ |
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Strategic Report |
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Director |
Registered office: |
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Directors' Report |
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Director |
Registered office: |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & Statutory Auditor |
17 Walkergate |
Berwick Upon Tweed |
United Kingdom |
TD15 1DJ |
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Consolidated Statement of Comprehensive Income |
Period from |
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1 Jul 22 to |
Year to |
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31 Mar 23 |
30 Jun 22 |
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Note |
£ |
£ |
Turnover |
4 |
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Cost of sales |
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------------- |
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Gross profit |
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Administrative expenses |
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Other operating income |
– |
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Operating profit |
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Other interest receivable and similar income |
7 |
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Interest payable and similar expenses |
8 |
– |
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Profit before taxation |
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Tax on profit |
9 |
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(
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Profit for the financial period and total comprehensive income |
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Consolidated Statement of Financial Position |
31 Mar 23 |
30 Jun 22 |
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Note |
£ |
£ |
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Debtors |
12 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year |
13 |
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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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Called up share capital |
14 |
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Profit and loss account |
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Shareholders funds |
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Director |
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Company Statement of Financial Position |
31 Mar 23 |
30 Jun 22 |
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Note |
£ |
£ |
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Investments |
11 |
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Debtors |
12 |
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Cash at bank and in hand |
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------- |
------- |
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Creditors: amounts falling due within one year |
13 |
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------- |
------- |
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Net current liabilities |
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------- |
------- |
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Total assets less current liabilities |
(
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(
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------- |
------- |
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Net liabilities |
(
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(
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------- |
------- |
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Called up share capital |
14 |
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Profit and loss account |
(
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(
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------- |
------- |
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Shareholders deficit |
(
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(
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------- |
------- |
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Director |
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Consolidated Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 July 2021 |
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Profit for the period |
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---- |
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Total comprehensive income for the period |
– |
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At 30 June 2022 |
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Profit for the period |
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---- |
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Total comprehensive income for the period |
– |
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---- |
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At 31 March 2023 |
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---- |
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Company Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 July 2021 |
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(
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(
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Profit for the period |
– |
– |
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At 30 June 2022 |
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(
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(
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Loss for the period |
(
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(
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---- |
------- |
------- |
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Total comprehensive income for the period |
– |
(
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(
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---- |
------- |
------- |
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At 31 March 2023 |
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(
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(
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---- |
------- |
------- |
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Consolidated Statement of Cash Flows |
31 Mar 23 |
30 Jun 22 |
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£ |
£ |
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Profit for the financial period |
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Adjustments for: |
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Other interest receivable and similar income |
(
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(
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Interest payable and similar expenses |
– |
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Tax on loss |
654,264
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(
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Accrued (income)/expenses |
(
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Changes in: |
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Trade and other debtors |
(
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Trade and other creditors |
(
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(
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------------ |
------------- |
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Cash generated from operations |
(
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Interest paid |
– |
(
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Interest received |
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Tax paid |
(
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(
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------------ |
------------ |
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Net cash (used in)/from operating activities |
(
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Net (decrease)/increase in cash and cash equivalents |
(
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Cash and cash equivalents at beginning of period |
10,291,754 |
9,352,878 |
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Cash and cash equivalents at end of period |
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Notes to the Financial Statements |
Period from |
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1 Jul 22 to |
Year to |
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31 Mar 23 |
30 Jun 22 |
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£ |
£ |
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Construction contracts |
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Period from |
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1 Jul 22 to |
Year to |
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31 Mar 23 |
30 Jun 22 |
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£ |
£ |
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Fees payable for the audit of the financial statements |
|
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-------- |
-------- |
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31 Mar 23 |
30 Jun 22 |
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No. |
No. |
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Management staff |
2 |
2 |
---- |
---- |
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Period from |
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1 Jul 22 to |
Year to |
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31 Mar 23 |
30 Jun 22 |
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£ |
£ |
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Interest on cash and cash equivalents |
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Other interest receivable and similar income |
|
– |
-------- |
------- |
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-------- |
------- |
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Period from |
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1 Jul 22 to |
Year to |
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31 Mar 23 |
30 Jun 22 |
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£ |
£ |
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Other interest payable and similar charges |
– |
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---- |
-------- |
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Period from |
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1 Jul 22 to |
Year to |
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31 Mar 23 |
30 Jun 22 |
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£ |
£ |
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UK current tax income |
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Adjustments in respect of prior periods |
(
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(
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--------- |
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Total current tax |
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(
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--------- |
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Tax on loss |
654,264
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(
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--------- |
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Period from |
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1 Jul 22 to |
Year to |
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31 Mar 23 |
30 Jun 22 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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------------ |
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Profit on ordinary activities by rate of tax |
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Adjustment to tax charge in respect of prior periods |
– |
(
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Effect of expenses not deductible for tax purposes |
– |
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Tax on loss |
636,702
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(
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2023 |
2022 |
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£ |
£ |
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Capital Commitments |
1,353,143 |
10,483,810 |
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Company |
Shares in group undertakings |
£ |
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Cost |
|
At 1 July 2022 and 31 March 2023 |
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---- |
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Impairment |
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At 1 July 2022 and 31 March 2023 |
– |
---- |
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Carrying amount |
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At 1 July 2022 and 31 March 2023 |
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---- |
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At 30 June 2022 |
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---- |
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Registered office |
Class of share |
Percentage of shares held |
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Subsidiary undertakings |
|||
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67 Grosvenor Street |
Ordinary shares |
100 |
London |
|||
England |
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W1K 3JN |
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Group |
Company |
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31 Mar 23 |
30 Jun 22 |
31 Mar 23 |
30 Jun 22 |
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£ |
£ |
£ |
£ |
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Trade debtors |
|
– |
– |
– |
Amounts owed by group undertakings |
– |
– |
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Amounts owed by undertakings in which the company has a participating interest |
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– |
– |
– |
Prepayments and accrued income |
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– |
– |
Corporation tax repayable |
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– |
– |
Drawdown balance |
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– |
– |
Other debtors |
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– |
– |
– |
------------- |
------------ |
------- |
------- |
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------------- |
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------- |
------- |
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Group |
Company |
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31 Mar 23 |
30 Jun 22 |
31 Mar 23 |
30 Jun 22 |
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£ |
£ |
£ |
£ |
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Trade creditors |
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– |
– |
Accruals and deferred income |
|
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Social security and other taxes |
|
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– |
– |
Amounts owed to related parties |
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– |
– |
Other creditors |
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------------ |
------------ |
------- |
------- |
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------------ |
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------- |
------- |
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31 Mar 23 |
30 Jun 22 |
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No. |
£ |
No. |
£ |
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2 |
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2 |
------- |
---- |
------- |
---- |
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At 1 Jul 2022 |
Cash flows |
At 31 Mar 2023 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(9,467,487) |
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------------ |
--------- |
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Notes to the Financial Statements (continued) |