1 July 2023 v2024.53.1 limited_company_frs_102_section_1a_v1_1_2 companies_houseSoftwarefalsetruetruetrueNo description of principal activityfalsetruexbrli:purexbrli:sharesiso4217:GBP120653422023-07-012024-06-30120653422024-06-30120653422023-06-3012065342core:WithinOneYear2024-06-3012065342core:WithinOneYear2023-06-3012065342core:AfterOneYear2024-06-3012065342core:AfterOneYear2023-06-3012065342core:ShareCapital2024-06-3012065342core:ShareCapital2023-06-3012065342core:RetainedEarningsAccumulatedLosses2024-06-3012065342core:RetainedEarningsAccumulatedLosses2023-06-3012065342bus:Director12023-07-012024-06-3012065342bus:RegisteredOffice2023-07-012024-06-3012065342core:FurnitureFittings2023-07-012024-06-30120653422022-07-012023-06-3012065342core:LandBuildings2024-06-3012065342core:PlantMachinery2024-06-3012065342core:PlantMachinery2023-07-01120653422023-07-0112065342core:PlantMachinery2023-07-012024-06-3012065342core:LandBuildings2023-06-3012065342core:PlantMachinery2023-06-301206534212023-07-012024-06-301206534212023-07-012024-06-3012065342countries:EnglandWales2023-07-012024-06-3012065342bus:AuditExemptWithAccountantsReport2023-07-012024-06-3012065342bus:PrivateLimitedCompanyLtd2023-07-012024-06-3012065342bus:SmallEntities2023-07-012024-06-3012065342bus:FullAccounts2023-07-012024-06-30
Company registration number:
12065342
Allingham Estates Limited
Unaudited Filleted Financial Statements for the year ended
30 June 2024
Allingham Estates Limited
Statement of Financial Position
30 June 2024
20242023
Note££
Fixed assets    
Tangible assets 5
1,638,421
 
1,646,355
 
Current assets    
Debtors 6
52,065
 
37,215
 
Cash at bank and in hand
20,276
 
212,493
 
72,341
 
249,708
 
Creditors: amounts falling due within one year 7
(1,468,068
)
(1,638,713
)
Net current liabilities
(1,395,727
)
(1,389,005
)
Total assets less current liabilities 242,694   257,350  
Creditors: amounts falling due after more than one year 8
(236,370
)
(250,909
)
Provisions for liabilities
(1,458
)
(3,443
)
Net assets
4,866
 
2,998
 
Capital and reserves    
Called up share capital
100
 
100
 
Profit and loss account
4,766
 
2,898
 
Shareholders funds
4,866
 
2,998
 
For the year ending
30 June 2024
, the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
  • The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These
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.
These
financial statements
were approved by the board of directors and authorised for issue on
30 October 2024
, and are signed on behalf of the board by:
C Wilson
Director
Company registration number:
12065342
Allingham Estates Limited
Notes to the Financial Statements
Year ended
30 June 2024

1 General information

The company is a private company limited by shares and is registered in England and Wales. The address of the registered office is
71-75 Shelton Street
,
London
,
Greater London
,
WC2H 9JQ
, United Kingdom.

2 Statement of compliance

These
financial statements
have been prepared in compliance with FRS 102 Section 1A, 'The Financial Reporting Standard applicable to the UK and Republic of Ireland'.

3 Accounting policies

Basis of preparation

The
financial statements
have been prepared on the historical cost basis, as modified by the revaluation of certain assets.
The
financial statements
are prepared in sterling, which is the functional currency of the company.

Turnover

Turnover is measured at the fair value of rent received or receivable, net of discounts and Value Added Tax.

Current tax

Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Tangible assets

Tangible assets are initially measured at cost, and are subsequently measured at cost less any accumulated depreciation and accumulated impairment losses or at a revalued amount.
Any tangible assets carried at a revalued amount are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
An increase in the carrying amount of an asset as a result of a revaluation is recognised in other comprehensive income and accumulated in capital and reserves. However, the increase is recognised in profit or loss to the extent that it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in capital and reserves. If a revaluation decrease exceeds the accumulated revaluation gains accumulated in capital and reserves in respect of that asset, the excess is recognised in profit or loss.
Depreciation is calculated so as to write off the cost of an asset, less its estimated residual value, over the useful economic life of that asset as follows:
Fixtures and fittings
20% straight line

Investment properties

Investment property is measured initially at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is more likely than not that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured on an undiscounted basis at the tax rates that would apply in the periods in which timing differences are expected to reverse, based on tax rates and laws enacted at the statement of financial position date.

4 Average number of employees

The average number of persons employed by the company during the year was
2
(2023:
2
).

5 Tangible assets

Land and buildingsPlant and machinery etc.Total
£££
Cost      
At
1 July 2023
and
30 June 2024
1,632,582
 
39,671
 
1,672,253
 
Depreciation      
At
1 July 2023
-  
25,898
 
25,898
 
Charge -  
7,934
 
7,934
 
At
30 June 2024
-  
33,832
 
33,832
 
Carrying amount      
At
30 June 2024
1,632,582
 
5,839
 
1,638,421
 
At 30 June 2023
1,632,582
 
13,773
 
1,646,355
 

Tangible assets held at valuation

In respect of tangible assets held at valuation, the comparable amounts that would have been recognised if the assets had been carried under the historical cost model are as follows:
Land and buildingsLand and buildings
20242023
££
Aggregate historical cost 1,632,582   1,632,582  
Carrying amount 1,632,582   1,632,582  
The investment properties were valued by the directors as at the statement of financial position date.

Investment property

Included in land and buildings are the following amounts in relation to investment properties:
2024
£
Carrying value at
1 July 2023
and
30 June 2024
1,632,582
 

6 Debtors

20242023
££
Trade debtors
8,400
 
8,400
 
Other debtors
43,665
 
28,815
 
52,065
 
37,215
 

7 Creditors: amounts falling due within one year

20242023
££
Bank loans and overdrafts
13,878
 
13,218
 
Amounts owed to group undertakings and undertakings in which the company has a participating interest
1,421,800
 
1,600,673
 
Taxation and social security
30,770
 
23,347
 
Other creditors
1,620
 
1,475
 
1,468,068
 
1,638,713
 
There is a legal charge / Mortgage over one of the investment properties.

8 Creditors: amounts falling due after more than one year

20242023
££
Bank loans and overdrafts
236,370
 
250,909
 
There is a legal charge / Mortgage over one of the investment properties.

9 Events after the end of the reporting period

A loan due to Lynx Recycling and Recovery Limited of £1,889,344 was written off on 10 September 2024.

10 Directors' advances, credit and guarantees

Included in debtors is a balance due from the director(s) of £32,752. (2023 - £21,650), advances during the period amount to £11,102. (2023 - £10,450), repayments during the period amounted to £0 (2023 - £0) . The loan is subject to interest at HMRC approved rates and is repayable on demand.