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BALANCE SHEET AT 31/12/2023 |
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| | | | | | 2023 | | | | 2022 |
| | Notes | | | | £ | | | | £ |
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FIXED ASSETS | | | | | | | | | | |
Tangible assets- (restated, see note 8) | | | | | | 8,228,000 | | | | 6,140,000 |
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CURRENT ASSETS | | | | | | | | | | |
CREDITORS: Amounts falling due within one year | | | | 830 | | | | 31,902 | | |
NET CURRENT LIABILITIES | | | | | | (830) | | | | (31,902) |
TOTAL ASSETS LESS CURRENT LIABILITIES | | | | | | 8,227,170 | | | | 6,108,098 |
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CREDITORS: Amounts falling due after more than one year | | 4 | | | | 9,582,914 | | | | 9,883,309 |
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PROVISIONS FOR LIABILITIES AND CHARGES | | 5 | | | | 328,000 | | | | - |
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NET LIABILITIES | | | | | | (1,683,744) | | | | (3,775,211) |
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CAPITAL AND RESERVES | | | | | | | | | | |
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Called up share capital | | 6 | | | | 1 | | | | 1 |
Non-distributable reserve | | 1c,7 | | | | 2,088,000 | | | | - |
Profit and loss account | | | | | | (3,771,745) | | | | (3,775,212) |
SHAREHOLDERS' FUNDS | | | | | | (1,683,744) | | | | (3,775,211) |
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For the year ending 31/12/2023 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies. |
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. |
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. |
The directors have decided not to deliver to the registrar a copy of the company's profit and loss account. |
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Approved by the board on 11/09/2024 and signed on their behalf by | | | | | | | | | | |
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............................. | | | | | | | | | | |
Ben Chesterfield | | | | | | | | | | |
Director | | | | | | | | | | |
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8. PRIOR PERIOD ADJUSTMENT | | | | |
Transitional adjustment - WIP to Fixed assets/ Investment Property |
The accounts have been restated to incorporate the impact of misclassification of an investment property as work in progress |
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Year Ended | | Stock/WIP | | Investment Property at MV |
31.12.2014 | | £6,140,000 | | 0 |
31.12.2015 | | 0 | | £6,140,000 |
31.12.2016- 31.12.2022 | | 0 | | £6,140,000 |
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Summary of the prior year accounting impact | | | | |
Reduction in stock- work in progress | | -£6,140,000 | | |
Increase in fixed assets- Investment properties | | £6,140,000 | | |
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Impact on previously reported equity | | 0 | | |
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