Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 October 2023
Directors | |
Company Secretary | Sarah Louise King |
Registered Address | |
Registered Number |
Notes | 2023 | 2022 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 4 | |||||||
Investments | 7 | |||||||
Investment property | 6 | |||||||
Current assets | ||||||||
Stocks | 8 | |||||||
Debtors | 9 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 10 | ( | ( | |||||
Net current assets (liabilities) | ( | ( | ||||||
Total assets less current liabilities | ||||||||
Provisions for liabilities | 11 | ( | ||||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Revaluation reserve | ||||||||
Profit and loss account | ||||||||
Shareholders' funds |
The financial statements were approved and authorised for issue by the Board of Directors on 16 August 2024, and are signed on its behalf by: |
Director |
Director Registered Company No. 00271867 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Functional and presentation currency | |
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Judgements and key sources of estimation uncertainty | |
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In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying values of assets and liabilities that are not readily apparent from other sources. These critical accounting judgements and estimations are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods. The critical judgements made by management that have a significant effect on the amounts recognised in the financial statements are described below. |
Revenue from sale of goods | |
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Revenue from rendering of services | |
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Revenue from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably. |
Dividend income | |
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Employee benefits | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Investments | |
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Investment property | |
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Stocks and work in progress | |
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Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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2. | Average number of employees |
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2023 | 2022 | |||
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Average number of employees during the year |
3. | Deferred tax |
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Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised. |
4. | Tangible fixed assets |
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Land & buildings | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 November 22 | ||||
Revaluations | ||||
Transfers | ( | ( | ||
At 31 October 23 | ||||
Net book value | ||||
At 31 October 23 | ||||
At 31 October 22 |
5. | Impairment of tangible fixed assets |
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6. | Investment property |
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The valuation of the properties was undertaken on the 6 September 2018 and the directors are of the opinion that this is the current market value. The valuation was undertaken by SWH surveyors Ltd who are independent valuers and are regulated by RICS. |
£ | ||
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Fair value adjustments | ||
Transfers to tangible assets | ||
At 31 October 23 |
7. | Fixed asset investments |
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Other investments1 | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 November 22 | ||||
At 31 October 23 | ||||
Net book value | ||||
At 31 October 23 | ||||
At 31 October 22 |
Notes | |
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1Other investments other than loans |
8. | Stocks |
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2023 | 2022 | |||
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£ | £ | |||
Other stocks | ||||
Total |
9. | Debtors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade debtors / trade receivables | ||||
Total |
10. | Creditors: amounts due within one year |
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2023 | 2022 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
11. | Provisions for liabilities |
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2023 | 2022 | |||
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£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |