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Company Registration Number
05109053
 
 
Report of the Directors and
Abridged Unaudited Financial Statements
 
 
Period of accounts
 
Start date 01/04/2023
 
End date 31/03/2024
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 1
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Contents of the Financial Statements
for the Period Ended 31 March 2024
 
 
Page
Company Information 3
 
Report of the Accountants 4
 
Abridged Balance Sheet 5 - 6
 
Notes to the Financial Statements 7 - 10
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 2
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Company Information
for the Period Ended 31 March 2024
 
Directors Richard Michael Priestley
Carol Milika Muritu
 
Company secretary Richard Michael Priestley
 
Registered office 258 Cambridge Road
London
E2 9DA
 
Company Registration Number 05109053
 
Accountants Name Gench & Company
Address 3 Jarvis Close
Barking
Essex
IG11 7PZ
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 3
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Accountants' Report
for the Period Ended 31 March 2024
 
Independent accountants' report
 
Report to the directors on the preparation of the unaudited statutory accounts of the company for theperiod ended 31 March 2024. In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of the company for the period ended 31 March 2024 as set out on pages 3 to 10 which comprise of the Balance Sheet and the related notes from the companys accounting records and from information and explanations you have given us. This report is made solely to the Board of Directors of the company, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the
accounts of the company and state those matters that we have agreed to state to the Board of Directors
of the company, as a body, in this report. To the fullest extent permitted by law, we do not accept or
assume responsibility to anyone other than the company and its Board of Directors as a body for our
work or for this report.
 
It is your duty to ensure the company has kept adequate accounting records and to prepare statutory
accounts that give a true and fair view of the assets, liabilities, financial position and profit/(loss) of
the company. You consider the company is exempt from the statutory audit requirement for the
period.
We have not been instructed to carry out an audit of the financial statements. For this reason, we
have not verified the accuracy or completeness of the accounting records or information and
explanations you have given to us and we do not, therefore, express any opinion on the financial
statements.
 
 
 
 
 
 
 
Gench & Company
3 Jarvis Close
Barking
Essex
IG11 7PZ
 
Date 2024-12-26
Page 4
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Balance Sheet
for the Period Ended 31 March 2024
Company registration number 05109053
2024 2023
Notes £ £
Fixed assets
Tangible fixed assets 2 4,237,254 4,166,102
_______ _______
Total fixed assets 4,237,254 4,166,102
Current assets
Debtors 3 516,404 23,750
Cash at bank and in hand 847,280 1,539,527
_______ _______
Total current assets/(liabilities) 1,363,684 1,563,277
Creditors
Creditors - amounts falling
due within one year 4 221,292 576,676
_______ _______
Net current assets 1,142,392 986,601
_______ _______
Total assets less current liabilities 5,379,646 5,152,703
_______ _______
Creditors - amounts falling
due after more than one year 5 2,610,393 2,761,789
_______ _______
Long term creditors 2,610,393 2,761,789
_______ _______
Net assets/(liabilities) 2,769,253 2,390,914
Capital and reserves
Profit and loss account 7 2,222,913 1,844,574
Revaluation reserve 7 546,340 546,340
_______ _______
Total shareholders funds 2,769,253 2,390,914
 
 
 
 
 
 
 
 
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Balance Sheet
for the Period Ended 31 March 2024
 
 
 
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.
The option not to file the profit and loss account has been taken.
 
For the year ending 31 March 2024 the company was entitled to exemption 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 members have agreed to the preparation of abridged accounts.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
 
The financial statements were approved by the Board of Directors on 2024-12-26
 
SIGNED ON BEHALF OF THE BOARD BY
 
 
 
 
 
 
 
Name Richard Michael Priestley
Status Director
 
The notes form part of these financial statements
Average number of employees during period 3
 
 
 
 
 
 
 
Page 6
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Notes to the Financial Statements
for the Period Ended 31 March 2024
1. Accounting policies
Basis of preparation
The financial statements have been prepared under the historical cost convention and in accordance with the small companies regime.
Tangible fixed assets Depreciation
Depreciation is provided, after taking account of any grants receivable, at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings 0
Office equipment 0
Motor vehicles 0
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
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Notes to the Financial Statements
for the Period Ended 31 March 2024
2. Tangible fixed assets
Land and Fixtures Motor Total
buildings and fittings vehicles
Cost £ £ £ £
At 1 April 2023 3,117,520 1,814,818 111,609 5,043,947
Additions 202,782 202,782
_______ _______ ______ _______
At 31 March 2024 3,117,520 2,017,600 111,609 5,246,729
Depreciation
At 1 April 2023 831,304 46,541 877,845
Charge for year 118,616 13,014 131,630
______ _____ _______
At 31 March 2024 949,920 59,555 1,009,475
Net book value
At 31 March 2024 3,117,520 1,067,680 52,054 4,237,254
At 31 March 2023 3,117,520 983,514 65,068 4,166,102
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 8
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Notes to the Financial Statements
for the Period Ended 31 March 2024
3. Debtors 2024 2023
Other debtors 516,404 23,750
______ _____
Total 516,404 23,750
4. Creditors amounts falling due within one year 2024 2023
Trade creditors 101,731 64,768
Corporation tax 105,763 6,237
Other taxation and social security 4,984 11,824
Accruals and deferred income 8,814 6,300
Other creditors 487,547
______ ______
Total 221,292 576,676
5. Creditors amounts falling due after more than one year 2024 2023
Bank loans 2,610,393 2,761,789
_______ _______
Total 2,610,393 2,761,789
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 9
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Notes to the Financial Statements
for the Period Ended 31 March 2024
6. Share capital 2024 2023
Allotted, called up and paid £ £
_ _
Total
7. Reserves/Retained profit
Retained profit reconciliation £
Reserves at 1 April 2023 1,844,574
Profit/(Loss) for year 378,339
Dividends paid
_______
Retained Profit/(Loss) at 31 March 2024 2,222,913
Revaluation reserve £
At 1 April 2023 546,340
Surplus or deficit arising from revaluation
______
Reserve at 31 March 2024 546,340
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Page 10