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Registration number: 07035579

Extrahold Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 January 2024

image-name
 

Extrahold Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 7

 

Extrahold Limited

Company Information

Director

Mr Stevie-Lee Pattinson

Registered office

Lion House
400 Durham Road
Birtley
Co Durham
DH3 1LS

Accountants

Chuhan and Singh Partnership Limited
Chartered Accountants
81 Borough Road
Middlesbrough
TS1 3AA

 

Extrahold Limited

(Registration number: 07035579)
Balance Sheet as at 31 January 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

5

2,889,984

2,889,984

Current assets

 

Debtors

6

15,318

23,710

Cash at bank and in hand

 

11,604

29,545

 

26,922

53,255

Creditors: Amounts falling due within one year

7

(997,125)

(2,609,263)

Net current liabilities

 

(970,203)

(2,556,008)

Total assets less current liabilities

 

1,919,781

333,976

Creditors: Amounts falling due after more than one year

7

(1,647,000)

-

Provisions for liabilities

11,627

-

Net assets

 

284,408

333,976

Capital and reserves

 

Called up share capital

100

100

Retained earnings

284,308

333,876

Shareholders' funds

 

284,408

333,976

For the financial year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 2 August 2024
 

 

Extrahold Limited

(Registration number: 07035579)
Balance Sheet as at 31 January 2024 (continued)

.........................................
Mr Stevie-Lee Pattinson
Director

   
     
 

Extrahold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024

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:
Lion House
400 Durham Road
Birtley
Co Durham
DH3 1LS

These financial statements were authorised for issue by the director on 2 August 2024.

2

Accounting policies

Statement of compliance

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.

Basis of preparation

These financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit and loss.

The financial statements are prepared in sterling, which is the functional currency of the entity.

Revenue recognition

Turnover represents rental income received. Rental income is recognised on an accruals basis.

Tangible assets

Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and Fittings

20% straight line

 

Extrahold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

2

Accounting policies (continued)

Investment properties

Investment properties are shown at cost. The director does not believe that the market value is materially different to the value shown in the accounts.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 February 2023

21,316

21,316

At 31 January 2024

21,316

21,316

Depreciation

At 1 February 2023

21,316

21,316

At 31 January 2024

21,316

21,316

Carrying amount

At 31 January 2024

-

-

5

Investment properties

2024
£

At 1 February 2023

2,889,984

At 31 January 2024

2,889,984

Investment properties are shown at cost. The director does not believe that the market value is materially different to the value shown in the accounts.

 

Extrahold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

6

Debtors

Current

2024
£

2023
£

Trade debtors

2,285

1,431

Prepayments

13,033

22,279

 

15,318

23,710

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

-

1,628,253

Trade creditors

 

5,956

26,606

Amounts owed to group undertakings and undertakings in which the company has a participating interest

8

76,000

75,810

Taxation and social security

 

-

176

Accruals and deferred income

 

7,169

24,418

Other creditors

 

908,000

854,000

 

997,125

2,609,263

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

1,647,000

-

Included within creditors due within one year, and due in more than one year, is a secured bank
loan of £1,647,000 (2023: £1,628,253).
This bank loan is secured by way of a mortgage debenture over the investment properties of the
company.

 

Extrahold Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 January 2024 (continued)

8

Related party transactions

Included in creditors due within one year is £908,000 (2023: £854,000) owed to the company director and his close family members.

Also included in creditors due within one year is £76,000 (2023: £75,810) owed to companies in which the director, or his close family members, have an interest.