IRIS Accounts Productionv24.1.0.57804329793Board of Directors1.12.2230.11.2330.11.23falsetruefalsefalsetruefalseFair value modelOrdinary A1.00000Ordinary B1.00000Ordinary C1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh043297932022-11-30043297932023-11-30043297932022-12-012023-11-30043297932021-11-30043297932021-12-012022-11-30043297932022-11-3004329793ns15:EnglandWales2022-12-012023-11-3004329793ns14:PoundSterling2022-12-012023-11-3004329793ns10:Director12022-12-012023-11-3004329793ns10:PrivateLimitedCompanyLtd2022-12-012023-11-3004329793ns10:SmallEntities2022-12-012023-11-3004329793ns10:AuditExempt-NoAccountantsReport2022-12-012023-11-3004329793ns10:SmallCompaniesRegimeForDirectorsReport2022-12-012023-11-3004329793ns10:SmallCompaniesRegimeForAccounts2022-12-012023-11-3004329793ns10:FullAccounts2022-12-012023-11-3004329793ns10:OrdinaryShareClass12022-12-012023-11-3004329793ns10:OrdinaryShareClass22022-12-012023-11-3004329793ns10:OrdinaryShareClass32022-12-012023-11-3004329793ns10:Director22022-12-012023-11-3004329793ns10:Director32022-12-012023-11-3004329793ns10:CompanySecretary12022-12-012023-11-3004329793ns10:RegisteredOffice2022-12-012023-11-3004329793ns5:CurrentFinancialInstruments2023-11-3004329793ns5:CurrentFinancialInstruments2022-11-3004329793ns5:ShareCapital2023-11-3004329793ns5:ShareCapital2022-11-3004329793ns5:FurtherSpecificReserve3ComponentTotalEquity2023-11-3004329793ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-3004329793ns5:RetainedEarningsAccumulatedLosses2023-11-3004329793ns5:RetainedEarningsAccumulatedLosses2022-11-3004329793ns5:FurnitureFittings2022-12-012023-11-3004329793ns5:FurnitureFittings2022-11-3004329793ns5:FurnitureFittings2023-11-3004329793ns5:FurnitureFittings2022-11-3004329793ns5:CostValuation2022-11-3004329793ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-11-3004329793ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-11-3004329793ns5:Non-currentFinancialInstruments2023-11-3004329793ns5:Non-currentFinancialInstruments2022-11-3004329793ns10:OrdinaryShareClass12023-11-3004329793ns10:OrdinaryShareClass22023-11-3004329793ns10:OrdinaryShareClass32023-11-3004329793ns5:RetainedEarningsAccumulatedLosses2022-11-3004329793ns5:FurtherSpecificReserve3ComponentTotalEquity2022-11-3004329793ns5:RetainedEarningsAccumulatedLosses2022-12-012023-11-3004329793ns10:Director222022-11-3004329793ns10:Director222021-11-3004329793ns10:Director222022-12-012023-11-3004329793ns10:Director222021-12-012022-11-3004329793ns10:Director222023-11-3004329793ns10:Director222022-11-30043297931ns10:Director12022-11-30043297931ns10:Director12021-11-30043297931ns10:Director12022-12-012023-11-30043297931ns10:Director12021-12-012022-11-30043297931ns10:Director12023-11-30043297931ns10:Director12022-11-30

REGISTERED NUMBER: 04329793 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH NOVEMBER 2023

FOR


AXELPORT LIMITED


AXELPORT LIMITED (REGISTERED NUMBER: 04329793)







CONTENTS OF THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023





Page



Company Information  

1



Balance Sheet  

2



Notes to the Financial Statements  

3




AXELPORT LIMITED


COMPANY INFORMATION

FOR THE YEAR ENDED 30TH NOVEMBER 2023









DIRECTORS:

D F Godfrey


D H Godfrey


Mrs I Godfrey







SECRETARY:

D H Godfrey







REGISTERED OFFICE:

12 Market Street


Hebden Bridge


HX7 6AD







REGISTERED NUMBER:

04329793 (England and Wales)







ACCOUNTANTS:

Cresswells


12 Market Street


Hebden Bridge


West Yorkshire


HX7 6AD


AXELPORT LIMITED (REGISTERED NUMBER: 04329793)


BALANCE SHEET

30TH NOVEMBER 2023



2023

2022



Notes

£   

£   

£   

£   


FIXED ASSETS

Tangible assets

4

-


1



Investments

5

75,000


75,000



Investment property

6

550,000


-



625,000


75,001




CURRENT ASSETS

Debtors

7

740,865


221,740



Cash at bank

905,803


2,714,959



1,646,668


2,936,699



CREDITORS

Amounts falling due within one year

8

72,634


639,209



NET CURRENT ASSETS

1,574,034


2,297,490



TOTAL ASSETS LESS CURRENT

LIABILITIES

2,199,034


2,372,491




CAPITAL AND RESERVES

Called up share capital

9

3,000


3,000



Fair value reserve

10

(84,129

)

-



Retained earnings

10

2,280,163


2,369,491



SHAREHOLDERS' FUNDS

2,199,034


2,372,491




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


The members have not required the company to obtain an audit of its financial statements for the year ended 30th November 2023 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 Income Statement has not been delivered.


The financial statements were approved by the Board of Directors and authorised for issue on 29th August 2024 and were signed on its behalf by:






D H Godfrey - Director



AXELPORT LIMITED (REGISTERED NUMBER: 04329793)


NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH NOVEMBER 2023


1.

STATUTORY INFORMATION



Axelport 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.


The presentation currency of the financial statements is the Pound Sterling (£).


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.  


Fixtures and fittings

-

20% on cost



Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.


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.

3.

EMPLOYEES AND DIRECTORS



The average number of employees during the year was 3 (2022 - 3 ) .


AXELPORT LIMITED (REGISTERED NUMBER: 04329793)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2023


4.

TANGIBLE FIXED ASSETS


Fixtures


and


fittings

£   



COST


At 1st December 2022

4,374




Disposals

(4,374

)



At 30th November 2023

-




DEPRECIATION


At 1st December 2022

4,373




Eliminated on disposal

(4,373

)



At 30th November 2023

-




NET BOOK VALUE


At 30th November 2023

-




At 30th November 2022

1




5.

FIXED ASSET INVESTMENTS


Other


investment

£   



COST


At 1st December 2022


and 30th November 2023

75,000




NET BOOK VALUE


At 30th November 2023

75,000




At 30th November 2022

75,000




6.

INVESTMENT PROPERTY


Total

£   



FAIR VALUE


Additions

634,129




Revaluations

(84,129

)



At 30th November 2023

550,000




NET BOOK VALUE


At 30th November 2023

550,000





Fair value at 30th November 2023 is represented by:

£   



Valuation in 2023

(84,129

)



Cost

634,129



550,000




AXELPORT LIMITED (REGISTERED NUMBER: 04329793)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2023


7.

DEBTORS

2023

2022


£   

£   



Amounts falling due within one year:


Trade debtors

481,133


-




Directors' current accounts

214,259


203,515




Prepayments and accrued income

6,911


108



702,303


203,623





Amounts falling due after more than one year:


Tax

38,562


18,117





Aggregate amounts

740,865


221,740




8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR


2023

2022


£   

£   



Tax

25,291


308,144




Loan - Wendgreen Limited

-


60,000




Loan - Oaktree Properties Limited

-


223,400




Accrued expenses

47,343


47,665



72,634


639,209




9.

CALLED UP SHARE CAPITAL



Allotted, issued and fully paid:


Number:

Class:

Nominal

2023

2022



value:

£   

£   



1,000

Ordinary A

£1

1,000


1,000




1,000

Ordinary B

£1

1,000


1,000




1,000

Ordinary C

£1

1,000


1,000



3,000


3,000




10.

RESERVES


Fair



Retained


value



earnings


reserve


Totals

£   

£   

£   




At 1st December 2022

2,369,491


-


2,369,491




Profit for the year

20,672


20,672




Dividends

(110,000

)

(110,000

)



Fair value adjustment

-


(84,129

)

(84,129

)



At 30th November 2023

2,280,163


(84,129

)

2,196,034




AXELPORT LIMITED (REGISTERED NUMBER: 04329793)


NOTES TO THE FINANCIAL STATEMENTS - continued

FOR THE YEAR ENDED 30TH NOVEMBER 2023


11.

DIRECTORS' ADVANCES, CREDITS AND GUARANTEES



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


2023

2022


£   

£   



D F Godfrey


Balance outstanding at start of year

78,679


-




Amounts advanced

54,721


158,679




Amounts repaid

(55,000

)

(80,000

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

78,400


78,679





D H Godfrey


Balance outstanding at start of year

124,836


-




Amounts advanced

186,623


204,836




Amounts repaid

(175,600

)

(80,000

)



Amounts written off

-


-




Amounts waived

-


-




Balance outstanding at end of year

135,859


124,836