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Registration number: 614032

A. Gardner (Bury) Limited
Annual Report and
Unaudited Financial Statements

31 October 2023

 

A. Gardner (Bury) Limited

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 8

 

A. Gardner (Bury) Limited

Balance Sheet
31 October 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

296,161

296,161

Investments

5

200,000

200,000

Other financial assets

6

1,221,852

1,269,263

 

1,718,013

1,765,424

Current assets

 

Debtors

7

-

289

Cash at bank and in hand

 

16,784

26,602

 

16,784

26,891

Creditors: Amounts falling due within one year

8

(526,422)

(519,810)

Net current liabilities

 

(509,638)

(492,919)

Net assets

 

1,208,375

1,272,505

Capital and reserves

 

Called up share capital

316

316

Revaluation reserve

277,206

277,206

Retained earnings

930,853

994,983

Shareholders' funds

 

1,208,375

1,272,505

 

A. Gardner (Bury) Limited

Balance Sheet
31 October 2023

For the financial year ending 31 October 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the Company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The Directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the Directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 31 July 2024 and signed on its behalf by:
 

.........................................
Mr C J Snape
Director

Company Registration Number: 614032

 

A. Gardner (Bury) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2023

1

General information

The Company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Tower House
269 Walmersley Road
Bury
Lancashire
BL9 6NX
England

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the Company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The Company recognises revenue when: the amount of revenue can be reliably measured; it is probable that future economic benefits will flow to the entity; and specific criteria have been met for each of the Company's activities.

Government grants

Government grants in respect of capital expenditure are credited to a deferred income account and are released to profit over the expected useful lives of the relevant assets by equal annual instalments. Grants of a revenue nature are credited to income so as to match them with the expenditure to which they relate.

 

A. Gardner (Bury) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2023

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the Group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the Group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Creditors

Short term trade 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.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

A. Gardner (Bury) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2023

Dividends

Dividend distribution to the Company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the Company (including Directors) during the year, was 6 (2022 - 6).

4

Investment properties

2023
£

At 1 November

296,161

At 31 October

296,161

 

A. Gardner (Bury) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2023

5

Investments

2023
£

2022
£

Investments in subsidiaries

200,000

200,000

Subsidiaries

£

Cost or valuation

At 1 November 2022

200,000

Provision

Carrying amount

At 31 October 2023

200,000

At 31 October 2022

200,000

Details of undertakings

Details of the investments (including principal place of business of unincorporated entities) in which the company holds 20% or more of the nominal value of any class of share capital are as follows:

Undertaking

Country of incorporation

Holding

Proportion of voting rights and shares held

     

2023

2022

Subsidiary undertakings

Oram Street Transport Limited

England

Ordinary

100%

100%

         

Oram Street Transport Limited is a dormant company.

 

A. Gardner (Bury) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2023

6

Other financial assets

Listed investments
£

Unlisted investments
£

Total
£

Non-current financial assets

Cost or valuation

At 1 November 2022

180,392

1,088,871

1,269,263

Fair value adjustments

(6,277)

(1,130)

(7,407)

Additions

5,225

-

5,225

Withdrawals and disposals

-

(45,229)

(45,229)

At 31 October 2023

179,340

1,042,512

1,221,852

Carrying amount

At 31 October 2023

179,340

1,042,512

1,221,852

At 31 October 2022

180,392

1,088,871

1,269,263

7

Debtors

2023
£

2022
£

Prepayments

-

289

-

289

 

A. Gardner (Bury) Limited

Notes to the Unaudited Financial Statements
Year Ended 31 October 2023

8

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to Group undertakings and undertakings in which the Company has a participating interest

9

457,870

457,870

Taxation and social security

 

392

521

Accruals and deferred income

 

9,530

4,650

Other creditors

 

58,630

56,769

 

526,422

519,810

9

Related party transactions

Directors' remuneration

The directors are remunerated by the company. The directors consider that their remuneration meets the criteria of being under normal market conditions.