0 false false false false false false false false false false true false false false false false false No description of principal activity 2023-04-06 Sage Accounts Production Advanced 2024 - FRS102_2024 288,000 288,000 288,000 xbrli:pure xbrli:shares iso4217:GBP 07381598 2023-04-06 2024-04-05 07381598 2024-04-05 07381598 2023-04-05 07381598 2022-04-06 2023-04-05 07381598 2023-04-05 07381598 2022-04-05 07381598 bus:Director1 2023-04-06 2024-04-05 07381598 core:WithinOneYear 2024-04-05 07381598 core:WithinOneYear 2023-04-05 07381598 core:AfterOneYear 2024-04-05 07381598 core:AfterOneYear 2023-04-05 07381598 core:ShareCapital 2024-04-05 07381598 core:ShareCapital 2023-04-05 07381598 core:RetainedEarningsAccumulatedLosses 2024-04-05 07381598 core:RetainedEarningsAccumulatedLosses 2023-04-05 07381598 core:CostValuation core:Non-currentFinancialInstruments 2023-04-05 07381598 core:DisposalsRepaymentsInvestments core:Non-currentFinancialInstruments 2024-04-05 07381598 core:Non-currentFinancialInstruments core:RevaluationsIncreaseDecreaseInInvestments 2024-04-05 07381598 core:CostValuation core:Non-currentFinancialInstruments 2024-04-05 07381598 core:Non-currentFinancialInstruments core:ProvisionsForImpairmentInvestments 2024-04-05 07381598 core:Non-currentFinancialInstruments 2024-04-05 07381598 core:Non-currentFinancialInstruments 2023-04-05 07381598 core:LandBuildings 2024-04-05 07381598 core:LandBuildings 2023-04-05 07381598 bus:SmallEntities 2023-04-06 2024-04-05 07381598 bus:AuditExemptWithAccountantsReport 2023-04-06 2024-04-05 07381598 bus:SmallCompaniesRegimeForAccounts 2023-04-06 2024-04-05 07381598 bus:PrivateLimitedCompanyLtd 2023-04-06 2024-04-05 07381598 bus:FullAccounts 2023-04-06 2024-04-05
COMPANY REGISTRATION NUMBER: 07381598
ACOMB INVESTMENTS YORKSHIRE LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED
5 April 2024
ACOMB INVESTMENTS YORKSHIRE LIMITED
STATEMENT OF FINANCIAL POSITION
5 April 2024
2024
2023
Note
£
£
£
£
FIXED ASSETS
Tangible assets
4
288,000
288,000
Investments
5
1,874,539
1,655,959
-------------
-------------
2,162,539
1,943,959
CURRENT ASSETS
Debtors
6
11,856
23,856
Cash at bank and in hand
152,055
108,324
----------
----------
163,911
132,180
CREDITORS: amounts falling due within one year
7
16,514
18,558
----------
----------
NET CURRENT ASSETS
147,397
113,622
-------------
-------------
TOTAL ASSETS LESS CURRENT LIABILITIES
2,309,936
2,057,581
CREDITORS: amounts falling due after more than one year
8
464,513
464,513
-------------
-------------
NET ASSETS
1,845,423
1,593,068
-------------
-------------
ACOMB INVESTMENTS YORKSHIRE LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
5 April 2024
2024
2023
Note
£
£
£
£
CAPITAL AND RESERVES
Called up share capital
12
12
Profit and loss account
1,845,411
1,593,056
-------------
-------------
SHAREHOLDERS FUNDS
1,845,423
1,593,068
-------------
-------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 5 April 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 were approved by the board of directors and authorised for issue on 7 November 2024 , and are signed on behalf of the board by:
Mr F H Brown
Director
Company registration number: 07381598
ACOMB INVESTMENTS YORKSHIRE LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 5 APRIL 2024
1. GENERAL INFORMATION
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is The Old Cottage, Askham Bryan, York, YO23 3QS.
2. STATEMENT OF COMPLIANCE
These financial statements have been prepared in compliance with FRS102 Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. ACCOUNTING POLICIES
(a) Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
(b) Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents, stated net of discounts and of Value Added Tax.
(c) Current & deferred 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.
(d) Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
(e) Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
(f) Financial instruments
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the entity after deducting all of its financial liabilities. Where the contractual obligations of financial instruments (including share capital) are equivalent to a similar debt instrument, those financial instruments are classed as financial liabilities. Financial liabilities are presented as such in the balance sheet. Finance costs and gains or losses relating to financial liabilities are included in the profit and loss account. Finance costs are calculated so as to produce a constant rate of return on the outstanding liability. Where the contractual terms of share capital do not have any terms meeting the definition of a financial liability then this is classed as an equity instrument. Dividends and distributions relating to equity instruments are debited direct to equity.
4. TANGIBLE ASSETS
Land and buildings
£
Cost
At 6 April 2023 and 5 April 2024
288,000
----------
Depreciation
At 6 April 2023 and 5 April 2024
----------
Carrying amount
At 5 April 2024
288,000
----------
At 5 April 2023
288,000
----------
Tangible assets held at valuation
The Investment properties are stated at the open market value as at 7 April 2011. The directors are of the opinion that this valuation should be reduced during the year.
5. INVESTMENTS
Helmsley Group
AES Portfolio
Ebor GT Investments
Total
£
£
£
£
Cost
At 6 April 2023
250,000
1,329,459
156,480
1,735,939
Disposals
( 17,055)
( 17,055)
Revaluations
235,635
235,635
----------
-------------
----------
-------------
At 5 April 2024
250,000
1,548,039
156,480
1,954,519
----------
-------------
----------
-------------
Impairment
At 6 April 2023 and 5 April 2024
79,980
79,980
----------
-------------
----------
-------------
Carrying amount
At 5 April 2024
250,000
1,548,039
76,500
1,874,539
----------
-------------
----------
-------------
At 5 April 2023
250,000
1,329,459
76,500
1,655,959
----------
-------------
----------
-------------
The historical cost of all investments is £1,647,030 (2023 - £1,647,030)
6. DEBTORS
2024
2023
£
£
Trade debtors
6,409
18,409
Other debtors
5,447
5,447
--------
--------
11,856
23,856
--------
--------
7. CREDITORS: amounts falling due within one year
2024
2023
£
£
Trade creditors
3,370
Corporation tax
3,160
7,061
Social security and other taxes
3,834
1,834
Loan - F H Brown
3,804
Other creditors
6,150
5,859
--------
--------
16,514
18,558
--------
--------
8. CREDITORS: amounts falling due after more than one year
2024
2023
£
£
Other creditors
464,513
464,513
----------
----------