Company No:
Contents
DIRECTORS | Dr W G Liddell |
Dr MH MacDougall |
SECRETARY | Dr MH MacDougall |
REGISTERED OFFICE | Westover Farmhouse |
Goodworth Clatford | |
Andover | |
SP11 7LF | |
United Kingdom |
COMPANY NUMBER | 01111763 (England and Wales) |
CHARTERED ACCOUNTANTS | Francis Clark LLP |
Hitchcock House | |
Hilltop Park | |
Devizes Road | |
Salisbury | |
Wiltshire SP3 4UF |
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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Investments | 4 |
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3,153,926 | 3,149,218 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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1,211,916 | 1,195,600 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets | 1,145,258 | 1,139,728 | ||
Total assets less current liabilities | 4,299,184 | 4,288,946 | ||
Net assets |
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Capital and reserves | ||||
Called-up share capital | 7 |
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Share premium account |
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Profit and loss account |
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Total shareholders' funds |
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Directors' responsibilities:
The financial statements of Liddell Enterprises Limited (registered number:
Dr W G Liddell
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Liddell Enterprises Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Westover Farmhouse, Goodworth Clatford, Andover, SP11 7LF, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.
Land and buildings | not depreciated |
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Land and buildings | Total | ||
£ | £ | ||
Cost | |||
At 01 April 2023 |
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Additions |
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At 31 March 2024 |
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Accumulated depreciation | |||
At 01 April 2023 |
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At 31 March 2024 |
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Net book value | |||
At 31 March 2024 |
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At 31 March 2023 |
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Other investments | Total | ||
£ | £ | ||
Cost or valuation before impairment | |||
At 01 April 2023 |
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At 31 March 2024 |
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Carrying value at 31 March 2024 |
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Carrying value at 31 March 2023 |
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2024 | 2023 | ||
£ | £ | ||
Amounts owed by Group undertakings |
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Other debtors |
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2024 | 2023 | ||
£ | £ | ||
Taxation and social security |
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Other creditors |
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2024 | 2023 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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328 | 328 |
On return of capital, whether upon liquidation or otherwise, the holders of these shares shall have the right in priority to any other shares in the company:
i) to the repayment of capital paid up; and
ii) to the payment of the sum of £2,300,000 to be distributed rateably according to amounts paid up immediately prior to any repayment of capital;
Each share is entitled to one vote on a poll at any general meeting of the company.
Summary of transactions with other related parties
Westover Farm Partnership
(Partnership)
On 1 April 2007 the company entered into partnership with Dr W G Liddell and Dr M H MacDougall, trading as Westover Farm Partnership. All commercial activities previously carried on by the company are now conducted through this partnership. The company's share of the Westover Farm Partnership profit for the year ended 31 March 2024 was £237,643. As at 31 March 2024 the company's current capital investment in the partnership was £932,366 which is represented in debtors and its fixed land capital investment, on an historical cost basis, was £3,148,494. At the balance sheet date the amount due from Westover Farm Partnership was £932,366 (2023: £851,403).