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REGISTERED NUMBER: 09321980 (England and Wales)


































Unaudited Financial Statements

for the Year Ended 30 November 2023

for

23 (UK) LIMITED

23 (UK) LIMITED (REGISTERED NUMBER: 09321980)






Contents of the Financial Statements
for the year ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


23 (UK) LIMITED

Company Information
for the year ended 30 November 2023







DIRECTOR: D G Watson





REGISTERED OFFICE: Kensington House,
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX





REGISTERED NUMBER: 09321980 (England and Wales)





ACCOUNTANTS: Mitchells Grievson Limited
Kensington House
3 Kensington
Bishop Auckland
Co. Durham
DL14 6HX

23 (UK) LIMITED (REGISTERED NUMBER: 09321980)

Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,417,718 1,540,875

CURRENT ASSETS
Debtors 5 258,222 310,021
Cash at bank 20,450 40,829
278,672 350,850
CREDITORS
Amounts falling due within one year 6 287,989 367,907
NET CURRENT LIABILITIES (9,317 ) (17,057 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,408,401

1,523,818

CREDITORS
Amounts falling due after more than one year 7 (436,913 ) (571,774 )

PROVISIONS FOR LIABILITIES (81,513 ) (81,513 )
NET ASSETS 889,975 870,531

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 9 347,502 347,502
Retained earnings 542,373 522,929
SHAREHOLDERS' FUNDS 889,975 870,531

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

23 (UK) LIMITED (REGISTERED NUMBER: 09321980)

Balance Sheet - continued
30 November 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 director and authorised for issue on 19 August 2024 and were signed by:





D G Watson - Director


23 (UK) LIMITED (REGISTERED NUMBER: 09321980)

Notes to the Financial Statements
for the year ended 30 November 2023

1. STATUTORY INFORMATION

23 (UK) 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Long leasehold - Nil
Plant and machinery - 20% on reducing balance
Fixtures and fittings - 20% on reducing balance

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.

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

23 (UK) LIMITED (REGISTERED NUMBER: 09321980)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
Long Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST OR VALUATION
At 1 December 2022 950,000 803,794 19,026 1,772,820
Additions - - 3,684 3,684
Disposals - (33,000 ) - (33,000 )
At 30 November 2023 950,000 770,794 22,710 1,743,504
DEPRECIATION
At 1 December 2022 - 218,942 13,003 231,945
Charge for year - 115,205 1,362 116,567
Eliminated on disposal - (22,726 ) - (22,726 )
At 30 November 2023 - 311,421 14,365 325,786
NET BOOK VALUE
At 30 November 2023 950,000 459,373 8,345 1,417,718
At 30 November 2022 950,000 584,852 6,023 1,540,875

The property was valued in November 2018 at £950,000.

23 (UK) LIMITED (REGISTERED NUMBER: 09321980)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:
Plant and
machinery
£   
COST OR VALUATION
At 1 December 2022
and 30 November 2023 526,255
DEPRECIATION
At 1 December 2022 88,798
Charge for year 87,491
At 30 November 2023 176,289
NET BOOK VALUE
At 30 November 2023 349,966
At 30 November 2022 437,457

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 10,248 68,997
Other debtors 247,974 241,024
258,222 310,021

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Bank loans and overdrafts 31,105 23,683
Hire purchase contracts 96,058 89,208
Trade creditors 6,510 6,865
Taxation and social security 22,102 72,568
Other creditors 132,214 175,583
287,989 367,907

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Bank loans 245,483 283,713
Hire purchase contracts 191,430 288,061
436,913 571,774

23 (UK) LIMITED (REGISTERED NUMBER: 09321980)

Notes to the Financial Statements - continued
for the year ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.11.23 30.11.22
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 135,405 168,985

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Bank loans 276,588 307,396
Hire purchase contracts 287,488 377,269
564,076 684,665

9. RESERVES
Revaluation
reserve
£   
At 1 December 2022
and 30 November 2023 347,502

10. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
D G Watson
Balance outstanding at start of year 185,186 141,029
Amounts advanced 107,296 130,034
Amounts repaid (143,257 ) (85,877 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 149,225 185,186

11. ULTIMATE CONTROLLING PARTY

The controlling party is D G Watson.