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REGISTERED NUMBER: 02362726 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 January 2024

for

ACTIVETREND LIMITED

ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726)

Contents of the Financial Statements
for the Year Ended 31 January 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ACTIVETREND LIMITED

Company Information
for the Year Ended 31 January 2024







Directors: Mr D Q J Mason
Mr B J Sweeney
Mrs SL Mason



Secretary: Mr D Q J Mason



Registered office: North Street Warehouse
North Street
Radcliffe
Manchester
M26 2BN



Registered number: 02362726 (England and Wales)



Accountants: Evelyn Partners (Manchester) Limited
Accountants
Northern Assurance Buildings
9-21 Princess Street
Manchester
M2 4DN



Bankers: Lloyds Bank plc
Hotel Street
Bolton
BL1 1DB

ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
Fixed assets
Tangible assets 5 302,004 318,433
Investments 6 330,331 326,281
632,335 644,714

Current assets
Debtors 7 350 279
Cash at bank and in hand 19,781 56,998
20,131 57,277
Creditors
Amounts falling due within one year 8 127,799 94,181
Net current liabilities (107,668 ) (36,904 )
Total assets less current liabilities 524,667 607,810

Provisions for liabilities 1,880 1,963
Net assets 522,787 605,847

Capital and reserves
Called up share capital 9 50,325 50,325
Share premium 19,920 19,920
Revaluation reserve 10 235,779 235,779
Fair value reserve 10 (9,161 ) 12,556
Retained earnings 225,924 287,267
Shareholders' funds 522,787 605,847

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726)

Balance Sheet - continued
31 January 2024


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 Profit and Loss Account has not been delivered.

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





Mr D Q J Mason - Director


ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726)

Notes to the Financial Statements
for the Year Ended 31 January 2024


1. Statutory information

Activetrend 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.

2. Statement of compliance

The individual financial statements of Activetrend Limited have been prepared in compliance with United Kingdom Accounting Standards, including Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland ("FRS 102") and the Companies Act 2006.

3. Accounting policies

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents management charges receivable from the reporting entity's subsidiary company.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% straight line
Plant and machinery - 15% on reducing balance
Motor vehicles - 25% on reducing balance

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Listed investments
Listed investments are recognised at market value.

Financial instruments
The company has chosen to adopt Sections 11 and 12 of FRS 102 in respect of financial instruments.

(i) Financial assets
Basic financial assets, including other debtors and bank balances, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Such assets are subsequently carried at amortised cost using the effective interest method.

(ii) Financial liabilities
Basic financial liabilities, including trade and other creditors, bank loans and amounts due to fellow group companies that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is
measured at the present value of the future receipts discounted at a market rate of interest.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


3. Accounting policies - continued

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.

4. Employees and directors

The average number of employees during the year was 2 (2023 - 2 ) .

5. Tangible fixed assets
Plant and
Land and machinery
buildings etc Totals
£    £    £   
Cost
At 1 February 2023
and 31 January 2024 695,126 66,150 761,276
Depreciation
At 1 February 2023 387,124 55,719 442,843
Charge for year 13,902 2,527 16,429
At 31 January 2024 401,026 58,246 459,272
Net book value
At 31 January 2024 294,100 7,904 302,004
At 31 January 2023 308,002 10,431 318,433

The freehold property was revalued on 24 July 1995 on the basis of an open market valuation for existing use by Dunlop Heywood, Chartered Surveyors.This is considered to be the deemed cost under FRS102.

6. Fixed asset investments
Shares in
group Other
undertakings investments Totals
£    £    £   
Cost or valuation
At 1 February 2023 1 326,280 326,281
Additions - 64,815 64,815
Disposals - (39,048 ) (39,048 )
Revaluations - (21,717 ) (21,717 )
At 31 January 2024 1 330,330 330,331
Net book value
At 31 January 2024 1 330,330 330,331
At 31 January 2023 1 326,280 326,281

ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


6. Fixed asset investments - continued

Cost or valuation at 31 January 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2023 - (9,161 ) (9,161 )
Cost 1 339,491 339,492
1 330,330 330,331

7. Debtors: amounts falling due within one year
2024 2023
£    £   
Other debtors 350 279

8. Creditors: amounts falling due within one year
2024 2023
£    £   
Taxation and social security 30,081 51,399
Other creditors 97,718 42,782
127,799 94,181

9. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
49,900 Ordinary £1 49,900 49,900
225 Redeemable Preference £1 225 225
90 Ordinary A £1 90 90
20 Ordinary B £1 20 20
90 Ordinary C £1 90 90
50,325 50,325

The preference shares give entitlement to a variable rate non-cumulative dividend. They have priority over ordinary shares with regards to amounts receivable both as a dividend and if the company were to be wound up. However this amount is restricted to accrued dividends and the return of the capital amount. The preference shares do not carry any voting rights and they are redeemable at the company's discretion.

10. Reserves
Fair
Revaluation value
reserve reserve Totals
£    £    £   
At 1 February 2023 235,779 12,556 248,335
Fair value transfer - (21,717 ) (21,717 )

At 31 January 2024 235,779 (9,161 ) 226,618

ACTIVETREND LIMITED (REGISTERED NUMBER: 02362726)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024


11. Directors' advances, credits and guarantees

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr D Q J Mason
Balance outstanding at start of year (35,781 ) (35,781 )
Amounts repaid 15,100 -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (20,681 ) (35,781 )

The loan due to the director is interest free and repayable on demand.