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REGISTERED NUMBER: 05365730 (England and Wales)















ABRIDGED UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

EXBOURNE LIMITED

EXBOURNE LIMITED (REGISTERED NUMBER: 05365730)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Certified Accountants' Report 7

EXBOURNE LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2023







DIRECTORS: Mr G Axford
Mrs E J Bailey





REGISTERED OFFICE: 49 Austhorpe Road
Cross Gates
Leeds
West Yorkshire
LS15 8BA





REGISTERED NUMBER: 05365730 (England and Wales)





ACCOUNTANTS: G L Barker & Co LLP
Chartered Certified Accountants
49 Austhorpe Road
Cross Gates
Leeds
LS15 8BA

EXBOURNE LIMITED (REGISTERED NUMBER: 05365730)

ABRIDGED BALANCE SHEET
31 DECEMBER 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,000 4,000
Investments 5 69,950 69,950
Investment property 6 1,625,000 1,625,000
1,698,950 1,698,950

CURRENT ASSETS
Debtors 2,641 2,641
Cash at bank 7,366 7,516
10,007 10,157
CREDITORS
Amounts falling due within one year 186,575 169,862
NET CURRENT LIABILITIES (176,568 ) (159,705 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,522,382

1,539,245

CREDITORS
Amounts falling due after more than one
year

(120,901

)

(189,101

)

PROVISIONS FOR LIABILITIES (80,750 ) (80,750 )
NET ASSETS 1,320,731 1,269,394

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 760,117 760,117
Retained earnings 560,514 509,177
SHAREHOLDERS' FUNDS 1,320,731 1,269,394

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

EXBOURNE LIMITED (REGISTERED NUMBER: 05365730)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Profit & Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2024 and were signed on its behalf by:





Mr G Axford - Director


EXBOURNE LIMITED (REGISTERED NUMBER: 05365730)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2023

1. STATUTORY INFORMATION

Exbourne 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 represents rents received.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Improvements to property - not provided
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2023
and 31 December 2023 7,670
DEPRECIATION
At 1 January 2023
and 31 December 2023 3,670
NET BOOK VALUE
At 31 December 2023 4,000
At 31 December 2022 4,000

EXBOURNE LIMITED (REGISTERED NUMBER: 05365730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 January 2023
and 31 December 2023 41,950
NET BOOK VALUE
At 31 December 2023 41,950
At 31 December 2022 41,950
Information on loans is as follows:
Totals
£   
At 1 January 2023
and 31 December 2023 28,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 1,625,000
NET BOOK VALUE
At 31 December 2023 1,625,000
At 31 December 2022 1,625,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2007 235,117
Valuation in 2016 100,000
Valuation in 2022 425,000
Cost 864,883
1,625,000

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 864,883 864,883

Investment property was valued on an open market basis on 7 June 2023 by Christie & Co .

EXBOURNE LIMITED (REGISTERED NUMBER: 05365730)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2023

7. SECURED DEBTS

The following secured debts are included within creditors:

31.12.23 31.12.22
£    £   
Bank loans 180,901 249,101

Lloyds TSB Bank plc have a fixed charge over Easterbrook Farm EX20 3QY.

CHARTERED CERTIFIED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS
ON THE UNAUDITED FINANCIAL STATEMENTS OF
EXBOURNE LIMITED

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Exbourne Limited for the year ended 31 December 2023 which comprise the Profit & Loss Account, Abridged Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the Board of Directors of Exbourne Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Exbourne Limited and state those matters that we have agreed to state to the Board of Directors of Exbourne Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Exbourne Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Exbourne Limited. You consider that Exbourne Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Exbourne Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






G L Barker & Co LLP
Chartered Certified Accountants
49 Austhorpe Road
Cross Gates
Leeds
LS15 8BA


16 September 2024