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REGISTERED NUMBER: 07435711 (England and Wales)















Unaudited Financial Statements

for the Period 1 May 2023 to 18 January 2024

for

And Co Group Ltd

And Co Group Ltd (Registered number: 07435711)






Contents of the Financial Statements
for the Period 1 May 2023 to 18 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


And Co Group Ltd

Company Information
for the Period 1 May 2023 to 18 January 2024







DIRECTORS: P L Aitchison
M B Cook
P Kavanagh





REGISTERED OFFICE: Crowthorne House
Nine Mile Ride
Wokingham
Berkshire
RG40 3GZ





REGISTERED NUMBER: 07435711 (England and Wales)





ACCOUNTANTS: Handleys Chartered Accountants
10 Manor Park
Banbury
Oxfordshire
OX16 3TB

And Co Group Ltd (Registered number: 07435711)

Balance Sheet
18 January 2024

18.1.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 86,001 113,323
Investments 6 1,119,414 5,979,094
1,205,415 6,092,417

CURRENT ASSETS
Debtors 7 3,956,367 4,625,605
Cash at bank 1,130 21,381
3,957,497 4,646,986
CREDITORS
Amounts falling due within one year 8 8,017,670 1,415,368
NET CURRENT (LIABILITIES)/ASSETS (4,060,173 ) 3,231,618
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,854,758

)

9,324,035

CREDITORS
Amounts falling due after more than
one year

9

-

(7,316,826

)

PROVISIONS FOR LIABILITIES (21,500 ) (28,331 )
NET (LIABILITIES)/ASSETS (2,876,258 ) 1,978,878

CAPITAL AND RESERVES
Called up share capital 5,511 5,511
Retained earnings (2,881,769 ) 1,973,367
SHAREHOLDERS' FUNDS (2,876,258 ) 1,978,878

And Co Group Ltd (Registered number: 07435711)

Balance Sheet - continued
18 January 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 18 January 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 18 January 2024 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 August 2024 and were signed on its behalf by:





P L Aitchison - Director


And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements
for the Period 1 May 2023 to 18 January 2024

1. STATUTORY INFORMATION

And Co Group Ltd 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.

Revenue recognition
Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of value added tax and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates. For sales of goods, the turnover is shown net of distribution and carriage charges.

Revenue from sale of goods is recognised when significant risks and rewards of ownership have been transferred to the buyer, when the amount of revenue can be measured reliably, when it is probable that the economic benefits associated with the transaction will flow to the entity and when the costs incurred or to be incurred in respect of the transaction can be measured reliably.

Revenue from sale of services is recognised when the stage of completion of the transaction can be measured reliably.

Goodwill
Positive goodwill is capitalised, classified as an asset on the balance sheet and amortised on a straight line basis over its useful economic life of 5 years.

It is reviewed for impairment at the end of the first full financial year following the acquisition and in other periods if events or changes in circumstances indicate that the carrying value may not be recoverable.

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
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.


And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 18 January 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

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.

Going concern
Following the transfer of the trade and net assets to a fellow group company in July 2024, the company ceased trading. The company is no longer considered to be a going concern and the financial statements have therefore been prepared on a basis other than going concern.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was 19 (2023 - 38 ) .

And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 18 January 2024

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 May 2023 107,889
Disposals (107,889 )
At 18 January 2024 -
AMORTISATION
At 1 May 2023 107,889
Eliminated on disposal (107,889 )
At 18 January 2024 -
NET BOOK VALUE
At 18 January 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 May 2023
and 18 January 2024 381,958
DEPRECIATION
At 1 May 2023 268,635
Charge for period 27,322
At 18 January 2024 295,957
NET BOOK VALUE
At 18 January 2024 86,001
At 30 April 2023 113,323

And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 18 January 2024

6. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 May 2023 5,979,094
Impairments (4,859,680 )
At 18 January 2024 1,119,414
NET BOOK VALUE
At 18 January 2024 1,119,414
At 30 April 2023 5,979,094

The company's investments at the Balance Sheet date in the share capital of companies include the following:


Alexander and Co Property Services Ltd
Registered office: 27 Sheep Street; Bicester; Oxfordshire; OX26 6JF
Nature of business: Letting and sales estate agency
%
Class of shares: holding
Ordinary 100.00

Claire Lloyd Properties Limited
Registered office: 27 Sheep Street; Bicester; Oxfordshire; OX26 6JF
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00

Hartwell Partnership (Aylesbury) Limited
Registered office: 27 Sheep Street; Bicester; Oxfordshire; OX26 6JF
Nature of business: Dormant company
%
Class of shares: holding
Ordinary 100.00

Alexander and Co Financial Services Ltd
Registered office: 27 Sheep Street; Bicester; Oxfordshire; OX26 6JF
Nature of business: Management of real estate
%
Class of shares: holding
Ordinary 100.00

And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 18 January 2024

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
18.1.24 30.4.23
£    £   
Trade debtors 102,481 181,472
Other debtors 3,853,886 4,444,133
3,956,367 4,625,605

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
18.1.24 30.4.23
£    £   
Bank loans and overdrafts - 235,719
Trade creditors 105,582 252,864
Taxation and social security 288,670 634,202
Other creditors 7,623,418 292,583
8,017,670 1,415,368

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
18.1.24 30.4.23
£    £   
Bank loans - 365,357
Other creditors - 6,951,469
- 7,316,826

10. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
18.1.24 30.4.23
£    £   
Within one year 245,482 260,152
Between one and five years 561,849 696,497
In more than five years 35,229 81,591
842,560 1,038,240

11. SECURED DEBTS

The following secured debts are included within creditors:

18.1.24 30.4.23
£    £   
Bank loans - 601,076

The bank loan is secured by a fixed and floating charge over all of the assets of the company.

And Co Group Ltd (Registered number: 07435711)

Notes to the Financial Statements - continued
for the Period 1 May 2023 to 18 January 2024

12. RELATED PARTY DISCLOSURES

The company is partly financed by four long term loans from Ocarma Ventures Limited, a company which the director Robert Waley-Cohen controls. The amount outstanding at the balance sheet to Ocarma Ventures is £5,903,970 (2022: £6,039,386). During the period of account interest was charged on the loans at 8% and amounted to £319,340.

13. POST BALANCE SHEET EVENTS

On 19 January 2024 the And Co Group was acquired by Leaders Limited. Subsequently, in July 2024, the trade and assets of the company was hived up into Leaders Limited and the company ceased trading.