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Unaudited Financial Statements for the Year Ended 31 October 2023

for

Investfront Limited

Investfront Limited (Registered number: 03445534)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Investfront Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: BJ Payne
Miss EL Payne
GJ Payne
Mrs M Payne
MO Payne





SECRETARY:





REGISTERED OFFICE: Bicester Hotel
Chesterton
Bicester
Oxfordshire
OX26 1TE





REGISTERED NUMBER: 03445534 (England and Wales)





ACCOUNTANTS: Peter Upton
Bridge House
2 Bridge Avenue
Maidenhead
Berkshire
SL6 1RR

Investfront Limited (Registered number: 03445534)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 13,732,225 20,735,960
Investments 5 2 2
13,732,227 20,735,962

CURRENT ASSETS
Stocks 467,880 330,852
Debtors 6 9,076,874 2,623,247
Cash at bank 29,996 31,445
9,574,750 2,985,544
CREDITORS
Amounts falling due within one year 7 5,834,080 5,713,737
NET CURRENT ASSETS/(LIABILITIES) 3,740,670 (2,728,193 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,472,897

18,007,769

CREDITORS
Amounts falling due after more than one year 8 8,568,673 8,444,789
NET ASSETS 8,904,224 9,562,980

CAPITAL AND RESERVES
Called up share capital 9 2 2
Revaluation reserve 10 2,479,822 8,993,101
Retained earnings 6,424,400 569,877
SHAREHOLDERS' FUNDS 8,904,224 9,562,980

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 14 November 2024 and were signed on its behalf by:





GJ Payne - Director


Investfront Limited (Registered number: 03445534)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Investfront 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. 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
No depreciation has been applied to the fixed assets.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

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 5 (2022 - 5 ) .

Investfront Limited (Registered number: 03445534)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 20,714,800 21,160 20,735,960
Additions 481,415 14,925 496,340
Disposals (986,796 ) - (986,796 )
Revaluations (6,513,279 ) - (6,513,279 )
At 31 October 2023 13,696,140 36,085 13,732,225
NET BOOK VALUE
At 31 October 2023 13,696,140 36,085 13,732,225
At 31 October 2022 20,714,800 21,160 20,735,960

Cost or valuation at 31 October 2023 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2021 10,336,144 6,190 10,342,334
Valuation in 2022 10,378,656 14,970 10,393,626
Valuation in 2023 (7,018,660 ) 14,925 (7,003,735 )
13,696,140 36,085 13,732,225

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 November 2022
and 31 October 2023 2
NET BOOK VALUE
At 31 October 2023 2
At 31 October 2022 2

6. DEBTORS
31.10.23 31.10.22
£    £   
Amounts falling due within one year:
Trade debtors 137,723 87,184
Other debtors 2,250,162 555,350
Owed by related parties 1,236,874 1,980,713
Prepayments and accrued income 4,141,933 -
7,766,692 2,623,247

Amounts falling due after more than one year:
Amounts owed by group undertakings 1,310,182 -

Aggregate amounts 9,076,874 2,623,247

Investfront Limited (Registered number: 03445534)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Bank loans and overdrafts 1,742,144 -
Trade creditors 193,597 73,906
Owed to related parties 2,726,978 5,129,219
Tax 815,738 65,738
Social security and other taxes 4,328 31,440
Other creditors 341,795 413,434
Accrued expenses 9,500 -
5,834,080 5,713,737

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.10.23 31.10.22
£    £   
Other creditors 500,000 500,000
Bank loans 8,068,673 7,944,789
8,568,673 8,444,789

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
2 Ordinary £1 2 2

10. RESERVES
Revaluation
reserve
£   
At 1 November 2022 8,993,101
Revaluation reserve (6,513,279 )

At 31 October 2023 2,479,822