Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
30 April 2024
Directors | |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Investments | 3 | |||||||
Current assets | ||||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | ( | |||||||
Net current assets (liabilities) | ( | |||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 4 | ( | ||||||
Provisions for liabilities | ( | |||||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ||||||||
Shareholders' funds | 8 |
The financial statements were approved and authorised for issue by the Board of Directors on 19 November 2024, and are signed on its behalf by: |
Director Registered Company No. 14066038 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Revenue from rendering of services | |
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Rental income represents the rents due for the year under leases all of which relate to properties in the United Kingdom. |
Current taxation | |
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Deferred tax | |
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Impairment of non-financial assets policy | |
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Investments | |
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Financial instruments | |
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2. | Average number of employees |
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2024 | 2023 | |||
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Average number of employees during the year |
3. | Fixed asset investments |
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The fair value of the properties were made in the year by the directors, who have experience in the location and class of properties, on an open market value for existing basis. No further input from an independent valuer was deemed to be required. |
Total | ||
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£ | ||
Cost or valuation | ||
Additions | ||
Revaluations | ||
At 30 April 24 | ||
Net book value | ||
At 30 April 24 | ||
At 30 April 23 |
4. | Creditors: amounts due after one year |
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2024 | 2023 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Total |
5. | Secured creditors |
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There are legal charges over the properties operated by the company. |
6. | Directors advances, credits and guarantees |
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7. | Share capital |
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8. | Revaluation reserve |
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Both previous UK GAAP and FRS 102 require investment properties to be stated in the accounts at their current market value, with no annual depreciation charge. However, while previous UK GAAP stipulated that the surplus on revaluation of the property should be held in the revaluation reserve, which is an unrealised surplus that does not form part of the company's distributable reserve. FRS 102 requires that these surpluses, although still not distributable, be charged through the Profit and Loss Account. Consequently, the Profit and Loss Account reserve at 30 April 2024 includes a non-distributable amount of £18,793 (2023: £nil). |