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REGISTERED NUMBER: 09889430 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

AQH Micklegate (2015) Limited

AQH Micklegate (2015) Limited (Registered number: 09889430)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AQH Micklegate (2015) Limited

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M A Joyce
S B Murphy





REGISTERED OFFICE: 5 - 7 Mill Fold
Mill Fold Way
Sowerby Bridge
HX6 4DJ





REGISTERED NUMBER: 09889430 (England and Wales)





ACCOUNTANTS: Charles Stewart & Co Limited
Chartered Accountants
3 Park Square
Leeds
LS1 2NE

AQH Micklegate (2015) Limited (Registered number: 09889430)

Balance Sheet
30 November 2023

2023 2022
Notes £    £   
CURRENT ASSETS
Stocks 1,406,502 1,540,655
Debtors 4 6,187 62,796
Cash at bank 51,010 24,702
1,463,699 1,628,153
CREDITORS
Amounts falling due within one year 5 19,614 25,636
NET CURRENT ASSETS 1,444,085 1,602,517
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,444,085

1,602,517

CREDITORS
Amounts falling due after more than one
year

6

1,424,004

1,586,874
NET ASSETS 20,081 15,643

CAPITAL AND RESERVES
Called up share capital 8 2 2
Retained earnings 9 20,079 15,641
SHAREHOLDERS' FUNDS 20,081 15,643

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 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 17 September 2024 and were signed on its behalf by:



S B Murphy - Director


AQH Micklegate (2015) Limited (Registered number: 09889430)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

AQH Micklegate (2015) 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.

Turnover
Turnover represents the sales value (excluding VAT) of property units disposed of during the financial reporting period. Disposals are treated as being complete when contracts become unconditional plus ancillary income derived during the process of realisation.

Stocks
Stock comprises of the acquisition cost of property units plus all additional costs incurred to retain the units to a standard where sale can be achieved. Provision is made for estimated costs to the completion of the sale of units where it is considered that the selling price (excluding VAT) may be exceeded by cost plus estimated additional costs to effect sale.

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 2 (2022 - 2 ) .

AQH Micklegate (2015) Limited (Registered number: 09889430)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,002 62,571
Sundry debtors and prepayments 223 61
VAT 2,962 164
6,187 62,796

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 5,383 6,754
Director's current account 431 431
Accrued expenses 13,800 18,451
19,614 25,636

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loan 1,109,133 1,272,003
Amount due to related parties 314,871 314,871
1,424,004 1,586,874

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,109,133 1,272,003

The bank facility is secured by individual charges against the company's property which forms stock and work in progress. There is no fixed repayment term for the loan which is agreed to be repaid as and when funds are generated from the realisation of stock and work in progress.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary £1 2 2

AQH Micklegate (2015) Limited (Registered number: 09889430)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. RESERVES
Retained
earnings
£   

At 1 December 2022 15,641
Profit for the year 4,438
At 30 November 2023 20,079

10. RELATED PARTY DISCLOSURES

At the year end the company owed an amount of £140,431 (2022: £140,431) to JGWCO 178 Limited, a company of which M A Joyce is a director. The company also owed an amount of £174,440 (2022: £174,440) to EGT Development Services Limited, a company of which S B Murphy is a director. No interest is charged upon these sums which also have no fixed repayment date.

11. ULTIMATE CONTROLLING PARTY

The company is under the ultimate control of the directors.