Caseware UK (AP4) 2023.0.135 2023.0.135 2024-02-292024-02-295No description of principal activity2023-03-01false5falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 00491819 2023-03-01 2024-02-29 00491819 2022-03-01 2023-02-28 00491819 2024-02-29 00491819 2023-02-28 00491819 c:CompanySecretary1 2023-03-01 2024-02-29 00491819 c:Director2 2023-03-01 2024-02-29 00491819 c:Director3 2023-03-01 2024-02-29 00491819 c:Director4 2023-03-01 2024-02-29 00491819 c:Director5 2023-03-01 2024-02-29 00491819 c:RegisteredOffice 2023-03-01 2024-02-29 00491819 d:MotorVehicles 2023-03-01 2024-02-29 00491819 d:MotorVehicles 2024-02-29 00491819 d:MotorVehicles 2023-02-28 00491819 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 00491819 d:FurnitureFittings 2023-03-01 2024-02-29 00491819 d:FurnitureFittings 2024-02-29 00491819 d:FurnitureFittings 2023-02-28 00491819 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 00491819 d:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 00491819 d:FreeholdInvestmentProperty 2024-02-29 00491819 d:FreeholdInvestmentProperty 2023-02-28 00491819 d:CurrentFinancialInstruments 2024-02-29 00491819 d:CurrentFinancialInstruments 2023-02-28 00491819 d:CurrentFinancialInstruments 3 2024-02-29 00491819 d:CurrentFinancialInstruments 3 2023-02-28 00491819 d:Non-currentFinancialInstruments 2024-02-29 00491819 d:Non-currentFinancialInstruments 2023-02-28 00491819 d:CurrentFinancialInstruments d:WithinOneYear 2024-02-29 00491819 d:CurrentFinancialInstruments d:WithinOneYear 2023-02-28 00491819 d:Non-currentFinancialInstruments d:AfterOneYear 2024-02-29 00491819 d:Non-currentFinancialInstruments d:AfterOneYear 2023-02-28 00491819 d:UKTax 2023-03-01 2024-02-29 00491819 d:UKTax 2022-03-01 2023-02-28 00491819 d:ShareCapital 2024-02-29 00491819 d:ShareCapital 2023-02-28 00491819 d:CapitalRedemptionReserve 2024-02-29 00491819 d:CapitalRedemptionReserve 2023-02-28 00491819 d:RevaluationReserve 2023-03-01 2024-02-29 00491819 d:RetainedEarningsAccumulatedLosses 2024-02-29 00491819 d:RetainedEarningsAccumulatedLosses 2023-02-28 00491819 c:FRS102 2023-03-01 2024-02-29 00491819 c:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 00491819 c:FullAccounts 2023-03-01 2024-02-29 00491819 c:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 00491819 d:AcceleratedTaxDepreciationDeferredTax 2024-02-29 00491819 d:AcceleratedTaxDepreciationDeferredTax 2023-02-28 00491819 d:TaxLossesCarry-forwardsDeferredTax 2024-02-29 00491819 d:TaxLossesCarry-forwardsDeferredTax 2023-02-28 00491819 f:PoundSterling 2023-03-01 2024-02-29 iso4217:GBP xbrli:pure
Company registration number: 00491819







UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
29 FEBRUARY 2024


ALLEN GLANVILLE HOLDINGS LIMITED






































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ALLEN GLANVILLE HOLDINGS LIMITED
 


 
COMPANY INFORMATION


Directors
S M Allen 
R A Allen 
E S Bell 
K J Sykes 




Company secretary
S M Allen



Registered number
00491819



Registered office
Victoria House
50-58 Victoria Road

Farnborough

Hampshire

GU14 7PG




Accountants
Menzies LLP
Chartered Accountants

Magna House

18-32 London Road

Staines-Upon-Thames

TW18 4BP





 


ALLEN GLANVILLE HOLDINGS LIMITED
 



CONTENTS



Page
Statement of financial position
1 - 2
Notes to the financial statements
3 - 8

 


ALLEN GLANVILLE HOLDINGS LIMITED
REGISTERED NUMBER:00491819



STATEMENT OF FINANCIAL POSITION
AS AT 29 FEBRUARY 2024

29 February
28 February
2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
8,470
11,293

Investment property
 6 
17,750,586
17,750,586

  
17,759,056
17,761,879

Current assets
  

Debtors: amounts falling due within one year
 7 
331,452
301,150

Cash at bank and in hand
  
769,194
897,177

  
1,100,646
1,198,327

Creditors: amounts falling due within one year
 8 
(614,067)
(577,396)

Net current assets
  
 
 
486,579
 
 
620,931

Total assets less current liabilities
  
18,245,635
18,382,810

Creditors: amounts falling due after more than one year
 9 
(900,000)
(1,400,000)

Provisions for liabilities
  

Deferred tax
 10 
(1,176,907)
(1,177,049)

  
 
 
(1,176,907)
 
 
(1,177,049)

Net assets
  
16,168,728
15,805,761


Capital and reserves
  

Called up share capital 
  
1,818
1,818

Capital redemption reserve
 11 
2,182
2,182

Profit and loss account
 11 
16,164,728
15,801,761

  
16,168,728
15,805,761

Page 1

 


ALLEN GLANVILLE HOLDINGS LIMITED
REGISTERED NUMBER:00491819


    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 29 FEBRUARY 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by by: 




R A Allen
Director

Date: 25 November 2024

The notes on pages 3 to 8 form part of these financial statements.
Page 2

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1.


General information

Allen Glanville Holdings Limited is a private company limited by shares, registered in England and Wales. The address of its registered office is disclosed on the company information page.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue comprises of rents receivable in connection with the Company's freehold investment properties. The revenue is recognised at fair value of the consideration receivable, in the period in which the rental takes place and when the following conditions are satisfied:
•        the amount of revenue can be measured reliably;
•        it is probable that the Company will receive the consideration due under the contract.

 
2.3

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the methods listed below..

Depreciation is provided on the following basis:

Motor vehicles
-
25%
on written down value
Fixtures and fittings
-
25%
on written down value

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.4

Investment properties

Investment properties are included at fair value. Gains are recognised in the income statement. Deferred tax  is provided on these gains at the rate expected to apply when the property is sold.

Page 3

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

2.Accounting policies (continued)

 
2.5

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.


 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial
assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans
to related parties and investments in ordinary shares.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.9

Borrowing costs

The borrowing costs are recognised in the Statement of Comprehensive Income and are spread over the term of the loan.


3.


Employees

The average monthly number of employees, including directors, during the year was 5 (2023 -5).

Page 4

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year
182,091
160,620


182,091
160,620


Total current tax
182,091
160,620

Deferred tax


Origination and reversal of timing differences
(142)
(343)

Total deferred tax
(142)
(343)


Taxation on profit on ordinary activities
181,949
160,277








Page 5

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

5.


Tangible fixed assets







Motor vehicles
Fixtures and fittings
Total

£
£
£



Cost or valuation


At 1 March 2023
35,694
39,056
74,750



At 29 February 2024

35,694
39,056
74,750



Depreciation


At 1 March 2023
24,401
39,056
63,457


Charge for the year on owned assets
2,823
-
2,823



At 29 February 2024

27,224
39,056
66,280



Net book value



At 29 February 2024
8,470
-
8,470



At 28 February 2023
11,293
-
11,293







6.


Investment properties





Freehold investment properties

£



Valuation


At 1 March 2023
17,750,586



At 29 February 2024
17,750,586

The 2022 valuations were based on by an independent surveyor valuation in January 2022, on an open market value for existing use basis. The directors consider the value to still be appropriate as at 29 February 2024.

The historical cost of the investment properties is £12,745,112.




Page 6

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

7.


Debtors

29 February
28 February
2024
2023
£
£


Trade debtors
10,792
28,497

Other debtors
59,184
542

Prepayments and accrued income
81,576
72,211

Loans receivable
179,900
199,900

331,452
301,150


The debtors above include the following amounts falling due after more than one year:


29 February
28 February
2024
2023
£
£



Loans receivable
159,900
179,900

159,900
179,900


8.


Creditors: Amounts falling due within one year

29 February
28 February
2024
2023
£
£

Bank loans
100,000
100,000

Trade creditors
10,913
9,377

Corporation tax
182,091
160,620

Other taxation and social security
72,390
58,341

Other creditors
163,227
162,967

Accruals and deferred income
85,446
86,091

614,067
577,396


The bank loan is secured on the assets of the company.

Page 7

 


ALLEN GLANVILLE HOLDINGS LIMITED
 


 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

9.


Creditors: amounts falling due after more than one year

29 February
28 February
2024
2023
£
£

Bank loans
900,000
1,400,000

900,000
1,400,000


The bank loan is secured on the assets of the company.


10.


Deferred taxation






2024


£






At beginning of year
(1,177,049)


Charged to profit or loss
142



At end of year
(1,176,907)

The provision for deferred taxation is made up as follows:

29 February
28 February
2024
2023
£
£


Deferred tax on investment properties
(1,183,608)
(1,183,607)

Accelerated capital allowances
6,701
6,558

(1,176,907)
(1,177,049)


11.


Reserves

Revaluation reserve

Included within the profit and loss account is an undistributable amount of £3,821,867 (2023: £3,821,867) relating to the fair value movement of investment properties in the year after taking into account taxation.
 
Page 8