Acorah Software Products - Accounts Production 16.0.110 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 11727584 Mr B Strike-Doyle Mr J Taylor Mr J Taylor Mr J Taylor true iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 11727584 2023-02-28 11727584 2024-02-29 11727584 2023-03-01 2024-02-29 11727584 frs-core:CurrentFinancialInstruments 2024-02-29 11727584 frs-core:ShareCapital 2024-02-29 11727584 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 11727584 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11727584 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 11727584 frs-bus:SmallEntities 2023-03-01 2024-02-29 11727584 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 11727584 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11727584 frs-bus:OrdinaryShareClass2 2023-03-01 2024-02-29 11727584 frs-bus:OrdinaryShareClass2 2024-02-29 11727584 frs-bus:OrdinaryShareClass3 2023-03-01 2024-02-29 11727584 frs-bus:OrdinaryShareClass3 2024-02-29 11727584 frs-bus:OrdinaryShareClass4 2023-03-01 2024-02-29 11727584 frs-bus:OrdinaryShareClass4 2024-02-29 11727584 frs-bus:OrdinaryShareClass5 2023-03-01 2024-02-29 11727584 frs-bus:OrdinaryShareClass5 2024-02-29 11727584 1 2023-03-01 2024-02-29 11727584 frs-core:CostValuation 2023-02-28 11727584 frs-core:CostValuation 2024-02-29 11727584 frs-core:ProvisionsForImpairmentInvestments 2023-02-28 11727584 frs-core:ProvisionsForImpairmentInvestments 2024-02-29 11727584 frs-bus:Director1 2023-03-01 2024-02-29 11727584 frs-bus:Director1 2023-02-28 11727584 frs-bus:Director1 2024-02-29 11727584 frs-bus:Director2 2023-03-01 2024-02-29 11727584 frs-bus:Director2 2023-02-28 11727584 frs-bus:Director2 2024-02-29 11727584 frs-bus:Director3 2023-03-01 2024-02-29 11727584 frs-bus:CompanySecretary1 2023-03-01 2024-02-29 11727584 frs-countries:EnglandWales 2023-03-01 2024-02-29 11727584 2022-02-28 11727584 2023-02-28 11727584 2022-03-01 2023-02-28 11727584 frs-core:CurrentFinancialInstruments 2023-02-28 11727584 frs-core:ShareCapital 2023-02-28 11727584 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28 11727584 frs-bus:OrdinaryShareClass2 2022-03-01 2023-02-28 11727584 frs-bus:OrdinaryShareClass3 2022-03-01 2023-02-28 11727584 frs-bus:OrdinaryShareClass4 2022-03-01 2023-02-28 11727584 frs-bus:OrdinaryShareClass5 2022-03-01 2023-02-28
Registered number: 11727584
Edgar Taylor Holdings Limited
Unaudited Financial Statements
For The Year Ended 29 February 2024
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—4
Page 1
Balance Sheet
Registered number: 11727584
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investments 4 5,810 5,810
5,810 5,810
CURRENT ASSETS
Debtors 5 933,677 200,018
Cash at bank and in hand 2,103,939 1,763,957
3,037,616 1,963,975
Creditors: Amounts Falling Due Within One Year 6 (116,236 ) (3,211 )
NET CURRENT ASSETS (LIABILITIES) 2,921,380 1,960,764
TOTAL ASSETS LESS CURRENT LIABILITIES 2,927,190 1,966,574
NET ASSETS 2,927,190 1,966,574
CAPITAL AND RESERVES
Called up share capital 7 6,000 5,710
Profit and Loss Account 2,921,190 1,960,864
SHAREHOLDERS' FUNDS 2,927,190 1,966,574
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
The financial statements were approved by the board of directors on 4 October 2024 and were signed on its behalf by:
Mr J Taylor
Director
4 October 2024
The notes on pages 2 to 4 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Edgar Taylor Holdings Limited is a private company, limited by shares, incorporated in England & Wales, registered number 11727584 . The registered office is 8 & 9 Apollo Office Court, Radclive Road, Gawcott, Buckinghamshire, MK18 4DF.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investments
Subsidiaries
£
Cost
As at 1 March 2023 5,810
As at 29 February 2024 5,810
Provision
As at 1 March 2023 -
As at 29 February 2024 -
Net Book Value
As at 29 February 2024 5,810
As at 1 March 2023 5,810
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows: 
Edgar Taylor Construction Limited - 100% shareholding
Edgar Taylor Homes Limited - 100% shareholding
Edgar Taylor Construction Limited
The principal activity of Edgar Taylor Construction Limited is construction.
...CONTINUED
Page 2
Page 3
4. Investments - continued
Edgar Taylor Homes Limited
The principal activity of Edgar Taylor Homes Limited is property development.
The company has prepared individual financial statements and is the parent of a small group that has taken advantage of the exemption to prepare consolidated financial statements.
5. Debtors
2024 2023
£ £
Due within one year
Amounts owed by group undertakings 359,659 200,000
Other debtors 114,018 18
473,677 200,018
Due after more than one year
Amounts owed by participating interests 460,000 -
933,677 200,018
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 102,974 750
Taxation and social security 13,262 2,461
116,236 3,211
7. Share Capital
2024 2023
Allotted, called up and fully paid £ £
4,320 Ordinary A shares of £ 1.00 each 4,320 5,139
900 Ordinary B shares of £ 1.00 each 900 571
480 Ordinary C shares of £ 1.00 each 480 -
180 Ordinary D shares of £ 1.00 each 180 -
120 Ordinary E shares of £ 1.00 each 120 -
6,000 5,710
Shares issued during the period: £
261 Ordinary A shares of £ 1.00 each 261
329 Ordinary B shares of £ 1.00 each 329
480 Ordinary C shares of £ 1.00 each 480
180 Ordinary D shares of £ 1.00 each 180
120 Ordinary E shares of £ 1.00 each 120
1,370
Shares disposed during the period: £
1,080 Ordinary A shares of £ 1.00 each (1,080)
In the year, 329 B class shares and 261 A class shares were issued, and there was a share class redesignation from A shares to B, C, D and E Shares.
Page 3
Page 4
8. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 March 2023 Amounts advanced Amounts repaid Amounts written off As at 29 February 2024
£ £ £ £ £
Mr Bryan Strike-Doyle - 193,248 (79,512 ) - 113,736
Mr James Taylor - 261 - - 261
Mr J Taylor - The above loan is unsecured, interest free and repayable on demand.
Mr B Strike-Doyle - The above loan is unsecured, interest charged at HMRC official rates and repayable on demand.
9. Ultimate Controlling Party
The company's ultimate controlling party is Mr J Taylor by virtue of their ownership of 72% of the issued share capital in the company.
Page 4