REGISTERED NUMBER: |
Strategic Report, Report of the Directors and |
Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
for |
Ortoncrest Holdings Limited |
REGISTERED NUMBER: |
Strategic Report, Report of the Directors and |
Financial Statements |
for the Period 1 October 2022 to 31 December 2023 |
for |
Ortoncrest Holdings Limited |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Contents of the Financial Statements |
for the period 1 October 2022 to 31 December 2023 |
Page |
Company Information | 1 |
Strategic Report | 2 |
Report of the Directors | 3 |
Report of the Independent Auditors | 5 |
Income Statement | 8 |
Other Comprehensive Income | 9 |
Balance Sheet | 10 |
Statement of Changes in Equity | 11 |
Cash Flow Statement | 12 |
Notes to the Cash Flow Statement | 13 |
Notes to the Financial Statements | 14 |
Ortoncrest Holdings Limited |
Company Information |
for the period 1 October 2022 to 31 December 2023 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
AUDITORS: |
Statutory Auditors and |
Chartered Accountants |
Cawley House |
149-155 Canal Street |
Nottingham |
Nottinghamshire |
NG1 7HR |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Strategic Report |
for the period 1 October 2022 to 31 December 2023 |
The directors present their strategic report for the period 1 October 2022 to 31 December 2023. |
REVIEW OF BUSINESS |
The company traded in the period until the 29th December 2023 when the trade and assets were transferred to Hopwells Limited. |
ON BEHALF OF THE BOARD: |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Report of the Directors |
for the period 1 October 2022 to 31 December 2023 |
The directors present their report with the financial statements of the company for the period 1 October 2022 to 31 December 2023. |
DIVIDENDS |
No interim dividend was paid during the period. The directors recommend a final dividend of £ |
The total distribution of dividends for the period ended 31 December 2023 will be £ |
DIRECTORS |
The directors shown below have held office during the whole of the period from 1 October 2022 to the date of this report. |
Other changes in directors holding office are as follows: |
STATEMENT OF DIRECTORS' RESPONSIBILITIES |
The directors are responsible for preparing the Strategic Report, the Report of the Directors and the financial statements in accordance with applicable law and regulations. |
Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to: |
- | select suitable accounting policies and then apply them consistently; |
- | make judgements and accounting estimates that are reasonable and prudent; |
- | prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business. |
The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities. |
STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS |
So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he or she ought to have taken as a director in order to make himself or herself aware of any relevant audit information and to establish that the company's auditors are aware of that information. |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Report of the Directors |
for the period 1 October 2022 to 31 December 2023 |
AUDITORS |
The auditors, Clayton & Brewill, will be proposed for re-appointment at the forthcoming Annual General Meeting. |
ON BEHALF OF THE BOARD: |
Report of the Independent Auditors to the Members of |
Ortoncrest Holdings Limited |
Opinion |
We have audited the financial statements of Ortoncrest Holdings Limited (the 'company') for the period ended 31 December 2023 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity, Cash Flow Statement and Notes to the Cash Flow Statement, Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). |
In our opinion the financial statements: |
- | give a true and fair view of the state of the company's affairs as at 31 December 2023 and of its profit for the period then ended; |
- | have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and |
- | have been prepared in accordance with the requirements of the Companies Act 2006. |
Basis for opinion |
We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion. |
Conclusions relating to going concern |
In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate. |
Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue. |
Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report. |
Other information |
The directors are responsible for the other information. The other information comprises the information in the Strategic Report and the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon. |
Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon. |
In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard. |
Opinions on other matters prescribed by the Companies Act 2006 |
In our opinion, based on the work undertaken in the course of the audit: |
- | the information given in the Strategic Report and the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and |
- | the Strategic Report and the Report of the Directors have been prepared in accordance with applicable legal requirements. |
Report of the Independent Auditors to the Members of |
Ortoncrest Holdings Limited |
Matters on which we are required to report by exception |
In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Strategic Report or the Report of the Directors. |
We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion: |
- | adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or |
- | the financial statements are not in agreement with the accounting records and returns; or |
- | certain disclosures of directors' remuneration specified by law are not made; or |
- | we have not received all the information and explanations we require for our audit. |
Responsibilities of directors |
As explained more fully in the Statement of Directors' Responsibilities set out on page three, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error. |
In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so. |
Auditors' responsibilities for the audit of the financial statements |
Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements. |
The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below: |
- Enquiry of management and those charged with governance around actual and potential litigation and claims; |
- Reviewing minutes of meetings of those charged with governance |
- Reviewing financial statement disclosures and testing to supporting documentation to assess |
compliance with applicable laws and regulations; |
- Performing audit work over the risk of management override of controls, including testing of journal entries and other adjustments for appropriateness, evaluating the business rationale of significant transactions outside the normal course of business and reviewing accounting estimates for bias; |
A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors. |
Report of the Independent Auditors to the Members of |
Ortoncrest Holdings Limited |
Use of our report |
This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed. |
for and on behalf of |
Statutory Auditors and |
Chartered Accountants |
Cawley House |
149-155 Canal Street |
Nottingham |
Nottinghamshire |
NG1 7HR |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Income Statement |
for the period 1 October 2022 to 31 December 2023 |
Period | Year Ended |
1/10/22 to 31/12/23 | 30/9/22 |
Notes | £ | £ | £ | £ |
TURNOVER | 3 |
Cost of sales |
GROSS PROFIT |
Distribution costs |
Administrative expenses |
1,357,602 | 4,063,451 |
5,047,239 | 596,040 |
Other operating income |
OPERATING PROFIT | 5 |
Interest receivable and similar income |
5,119,213 | 656,828 |
Interest payable and similar expenses | 6 |
PROFIT BEFORE TAXATION |
Tax on profit | 7 | ( |
) |
PROFIT FOR THE FINANCIAL PERIOD |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Other Comprehensive Income |
for the period 1 October 2022 to 31 December 2023 |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
Notes | £ | £ |
PROFIT FOR THE PERIOD |
OTHER COMPREHENSIVE INCOME |
Income tax relating to other comprehensive income |
OTHER COMPREHENSIVE INCOME FOR THE PERIOD, NET OF INCOME TAX |
TOTAL COMPREHENSIVE INCOME FOR THE PERIOD |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Balance Sheet |
31 December 2023 |
31/12/23 | 30/9/22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Intangible assets | 10 |
Tangible assets | 11 |
Investments | 12 |
CURRENT ASSETS |
Stocks | 13 |
Debtors | 14 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 15 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
16 |
( |
) |
PROVISIONS FOR LIABILITIES | 17 | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 18 |
Revaluation reserve | 19 |
Retained earnings | 19 |
SHAREHOLDERS' FUNDS |
The financial statements were approved by the Board of Directors and authorised for issue on |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Statement of Changes in Equity |
for the period 1 October 2022 to 31 December 2023 |
Called up |
share | Retained | Revaluation | Total |
capital | earnings | reserve | equity |
£ | £ | £ | £ |
Balance at 1 October 2021 |
Changes in equity |
Total comprehensive income | - |
Transfers | - | 59,313 | (59,313 | ) | - |
Balance at 30 September 2022 |
Changes in equity |
Dividends | - | (14,807,261 | ) | - | ( |
) |
Total comprehensive income | - |
Transfers | - | 3,306,267 | (3,306,267 | ) | - |
Balance at 31 December 2023 |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Cash Flow Statement |
for the period 1 October 2022 to 31 December 2023 |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
Notes | £ | £ |
Cash flows from operating activities |
Cash generated from operations | 1 |
Interest paid | ( |
) |
Transfer of trade and assets | ( |
) |
Tax paid | ( |
) | ( |
) |
Net cash from operating activities | ( |
) |
Cash flows from investing activities |
Purchase of tangible fixed assets | ( |
) | ( |
) |
Sale of tangible fixed assets | ( |
) |
Interest received |
Net cash from investing activities | ( |
) | ( |
) |
Cash flows from financing activities |
Loan repayments in year | ( |
) |
( |
) |
Net cash from financing activities | ( |
) |
(Decrease)/increase in cash and cash equivalents | ( |
) |
Cash and cash equivalents at beginning of period |
2 |
1,889,715 |
Cash and cash equivalents at end of period |
2 |
180,250 |
2,252,775 |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Notes to the Cash Flow Statement |
for the period 1 October 2022 to 31 December 2023 |
1. | RECONCILIATION OF PROFIT BEFORE TAXATION TO CASH GENERATED FROM OPERATIONS |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
Profit before taxation |
Depreciation charges |
(Profit)/loss on disposal of fixed assets | ( |
) |
Finance costs | - | 18,741 |
Finance income | (71,974 | ) | (8,788 | ) |
1,035,548 | 866,751 |
Decrease/(increase) in stocks | ( |
) |
Decrease in trade and other debtors |
Decrease in trade and other creditors | ( |
) | ( |
) |
Cash generated from operations |
2. | CASH AND CASH EQUIVALENTS |
The amounts disclosed on the Cash Flow Statement in respect of cash and cash equivalents are in respect of these Balance Sheet amounts: |
Period ended 31 December 2023 |
31/12/23 | 1/10/22 |
£ | £ |
Cash and cash equivalents | 180,250 | 2,252,775 |
Year ended 30 September 2022 |
30/9/22 | 1/10/21 |
£ | £ |
Cash and cash equivalents | 2,252,775 | 1,889,715 |
3. | ANALYSIS OF CHANGES IN NET FUNDS |
At 1/10/22 | Cash flow | At 31/12/23 |
£ | £ | £ |
Net cash |
Cash at bank | 2,252,775 | (2,072,525 | ) | 180,250 |
2,252,775 | ( |
) | 180,250 |
Total | 2,252,775 | (2,072,525 | ) | 180,250 |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Notes to the Financial Statements |
for the period 1 October 2022 to 31 December 2023 |
1. | STATUTORY INFORMATION |
Ortoncrest Holdings Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. |
Goodwill |
Intangible assets |
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses. |
Tangible fixed assets |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
Taxation |
Taxation for the period 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 period 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. |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Notes to the Financial Statements - continued |
for the period 1 October 2022 to 31 December 2023 |
3. | TURNOVER |
The turnover and profit before taxation are attributable to the one principal activity of the company. |
An analysis of turnover by class of business is given below: |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
4. | EMPLOYEES AND DIRECTORS |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
Wages and salaries |
Social security costs |
Other pension costs |
The average number of employees during the period was as follows: |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
Bakery | 13 | 15 |
Administration and support | 4 | 5 |
Directors | 4 | 6 |
Sales | 9 | 12 |
Distribution | 35 | 33 |
Other departments | 4 | 5 |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
Directors' remuneration |
Directors' pension contributions to money purchase schemes |
The number of directors to whom retirement benefits were accruing was as follows: |
Money purchase schemes |
Defined benefit schemes |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Notes to the Financial Statements - continued |
for the period 1 October 2022 to 31 December 2023 |
4. | EMPLOYEES AND DIRECTORS - continued |
Information regarding the highest paid director is as follows: |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
Emoluments etc |
Pension contributions to money purchase schemes |
5. | OPERATING PROFIT |
The operating profit is stated after charging/(crediting): |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
Depreciation - owned assets |
(Profit)/loss on disposal of fixed assets | ( |
) |
Goodwill amortisation |
Auditors' remuneration |
Auditors' remuneration for non audit work |
6. | INTEREST PAYABLE AND SIMILAR EXPENSES |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
Bank loan interest |
7. | TAXATION |
Analysis of the tax (credit)/charge |
The tax (credit)/charge on the profit for the period was as follows: |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
Current tax: |
UK corporation tax |
Deferred tax | ( |
) |
Tax on profit | ( |
) |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Notes to the Financial Statements - continued |
for the period 1 October 2022 to 31 December 2023 |
7. | TAXATION - continued |
Reconciliation of total tax (credit)/charge included in profit and loss |
The tax assessed for the period is lower than the standard rate of corporation tax in the UK. The difference is explained below: |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
Profit before tax |
Profit multiplied by the standard rate of corporation tax in the UK of |
Effects of: |
Expenses not deductible for tax purposes |
Income not taxable for tax purposes | ( |
) |
Depreciation in excess of capital allowances |
Other tax effects | (24,335 | ) | 418 |
Deferred tax movement | (484,793 | ) | 112,777 |
Total tax (credit)/charge | (246,919 | ) | 259,171 |
Tax effects relating to effects of other comprehensive income |
30/9/22 |
Gross | Tax | Net |
£ | £ | £ |
Surplus on revaluation of other assets | - | 33,400 |
8. | DIVIDENDS |
Period |
1/10/22 |
to | Year Ended |
31/12/23 | 30/9/22 |
£ | £ |
Ordinary shares of 1 each |
Final |
9. | TRANSFER OF TRADE AND ASSETS |
On 29 December 2023 the trade and assets of Ortoncrest Holdings Limited were transferred to Hopwells Ltd for a consideration equal to the fair value of the assets transferred. |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Notes to the Financial Statements - continued |
for the period 1 October 2022 to 31 December 2023 |
10. | INTANGIBLE FIXED ASSETS |
Goodwill |
£ |
COST |
At 1 October 2022 |
Disposals | ( |
) |
Reclassification/transfer | ( |
) |
At 31 December 2023 |
AMORTISATION |
At 1 October 2022 |
Eliminated on disposal | ( |
) |
Reclassification/transfer | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 30 September 2022 |
11. | TANGIBLE FIXED ASSETS |
Freehold | Long | Plant and |
property | leasehold | machinery |
£ | £ | £ |
COST |
At 1 October 2022 |
Additions |
Disposals | ( |
) |
Reclassification/transfer | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for period |
Eliminated on disposal | ( |
) |
Reclassification/transfer | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 30 September 2022 |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Notes to the Financial Statements - continued |
for the period 1 October 2022 to 31 December 2023 |
11. | TANGIBLE FIXED ASSETS - continued |
Fixtures |
and | Motor | Computer |
fittings | vehicles | equipment | Totals |
£ | £ | £ | £ |
COST |
At 1 October 2022 |
Additions |
Disposals | ( |
) | ( |
) | ( |
) |
Reclassification/transfer | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
DEPRECIATION |
At 1 October 2022 |
Charge for period |
Eliminated on disposal | ( |
) | ( |
) | ( |
) |
Reclassification/transfer | ( |
) | ( |
) | ( |
) | ( |
) |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 30 September 2022 |
12. | FIXED ASSET INVESTMENTS |
Investments (neither listed nor unlisted) were as follows: |
31/12/23 | 30/9/22 |
£ | £ |
Other financial assets brought forward | 48,400 | 15,000 |
Other financial assets additio ns | - | 33,400 |
Transfer | (48,400 | ) | - |
- | 48,400 |
13. | STOCKS |
31/12/23 | 30/9/22 |
£ | £ |
Stock on hand | - | 1,093,002 |
14. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 30/9/22 |
£ | £ |
Trade debtors |
Other debtors |
Tax |
Prepayments |
Ortoncrest Holdings Limited (Registered number: 03181245) |
Notes to the Financial Statements - continued |
for the period 1 October 2022 to 31 December 2023 |
15. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/12/23 | 30/9/22 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Tax |
Social security and other taxes |
Other creditors |
Accrued expenses |
16. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31/12/23 | 30/9/22 |
£ | £ |
Accruals and deferred income |
17. | PROVISIONS FOR LIABILITIES |
31/12/23 | 30/9/22 |
£ | £ |
Deferred tax | - | 930,327 |
Deferred |
tax |
£ |
Balance at 1 October 2022 |
Utilised during period | ( |
) |
Balance at 31 December 2023 |
18. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31/12/23 | 30/9/22 |
value: | £ | £ |
Ordinary | 1 | 202 | 202 |
19. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 October 2022 | 6,134,862 | 3,306,267 | 9,441,129 |
Profit for the period | 5,366,132 | 5,366,132 |
Dividends | (14,807,261 | ) | (14,807,261 | ) |
Transfers | 3,306,267 | (3,306,267 | ) | - |
At 31 December 2023 | - | - | - |