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REGISTERED NUMBER: 03540541 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Amicon (Europe) Limited

Amicon (Europe) Limited (Registered number: 03540541)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amicon (Europe) Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: Mrs V J Stanford
Mr P R Stanford





REGISTERED OFFICE: 37 Kent Road
Harrogate
HG1 2ET





REGISTERED NUMBER: 03540541 (England and Wales)





ACCOUNTANTS: Aysgarth Chartered Accountants
Suite 3b
Kings House
1 King Street
Leeds
LS1 2HH

Amicon (Europe) Limited (Registered number: 03540541)

Balance Sheet
31 October 2023

31/10/23 31/10/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 365,000 365,000

CURRENT ASSETS
Debtors 5 377,496 330,500
Cash at bank 152 90
377,648 330,590
CREDITORS
Amounts falling due within one year 6 81,367 41,257
NET CURRENT ASSETS 296,281 289,333
TOTAL ASSETS LESS CURRENT LIABILITIES 661,281 654,333

CREDITORS
Amounts falling due after more than one year 7 403,036 400,000
NET ASSETS 258,245 254,333

CAPITAL AND RESERVES
Called up share capital 45,000 45,000
Fair value reserve 10,000 10,000
Retained earnings 203,245 199,333
258,245 254,333

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Amicon (Europe) Limited (Registered number: 03540541)

Balance Sheet - continued
31 October 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 July 2024 and were signed on its behalf by:





Mr P R Stanford - Director


Amicon (Europe) Limited (Registered number: 03540541)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Amicon (Europe) 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.

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.

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.

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.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Amicon (Europe) Limited (Registered number: 03540541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2022
and 31 October 2023 365,000
NET BOOK VALUE
At 31 October 2023 365,000
At 31 October 2022 365,000

Fair value at 31 October 2023 is represented by:
£   
Valuation in 2022 10,000
Cost 355,000
365,000

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

31/10/23 31/10/22
£    £   
Cost 355,000 355,000

Investment property was valued on an open market basis on 31 March 2022 by the Directors .

5. DEBTORS
31/10/23 31/10/22
£    £   
Amounts falling due within one year:
Other debtors 1,045 -

Amounts falling due after more than one year:
Other debtors 376,451 330,500

Aggregate amounts 377,496 330,500

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/10/23 31/10/22
£    £   
Taxation and social security 16,805 16,450
Other creditors 64,562 24,807
81,367 41,257

Amicon (Europe) Limited (Registered number: 03540541)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31/10/23 31/10/22
£    £   
Other creditors 403,036 400,000

8. RELATED PARTY DISCLOSURES

Included in creditors amounts due after more than one year is an interest free loan of £400,000 from Mr P R Stanford.

Included in other debtors are the following loans, which are not due for repayment for more than a year:

Red Gables Freehold Limited £69,879 (2022: £70,225)
The Cottage Saltburn Limited £65,437 (2022: £72,824)
Captains Deck Limited £184,380 (2022: £154,350)
High Seas Villa Limited £49,017 (2022: £30,009)
Sea Forever Limited £7,738 (2022: £3,092).

Included in creditors due after more than one year is the following:
Red Gables Management Limited £3,036 (2022: nil).

Mr P R Stanford is the ultimate controlling party of the above companies, the loans are interest free with no fixed terms for repayment.

9. ULTIMATE CONTROLLING PARTY

The controlling parties are Mr P R Stanford and Mrs V J Stanford.