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REGISTERED NUMBER: 03053820 (England and Wales)















Unaudited Financial Statements for the Year Ended 30th April 2024

for

Island & County Estates Limited

Island & County Estates Limited (Registered number: 03053820)






Contents of the Financial Statements
for the Year Ended 30th April 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 3


Island & County Estates Limited

Company Information
for the Year Ended 30th April 2024







DIRECTOR: Mr J A Skinner





SECRETARY: Ms D A Sewell





REGISTERED OFFICE: Flat 3
11 Westbrook Road
Margate
Kent
CT9 5BH





REGISTERED NUMBER: 03053820 (England and Wales)





ACCOUNTANTS: CWW Accountants
153 Mortimer Street
Herne Bay
Kent
CT6 5HA

Island & County Estates Limited (Registered number: 03053820)

Abridged Balance Sheet
30th April 2024

30.4.24 30.4.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 539,760 476,253

CURRENT ASSETS
Cash at bank 861 1,174

CREDITORS
Amounts falling due within one year 103,226 32,301
NET CURRENT LIABILITIES (102,365 ) (31,127 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,395

445,126

CREDITORS
Amounts falling due after more than one
year

5

61,612

67,189
NET ASSETS 375,783 377,937

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 6 406,000 406,000
Retained earnings (30,219 ) (28,065 )
SHAREHOLDERS' FUNDS 375,783 377,937

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30th April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 9th January 2025 and were signed by:





Mr J A Skinner - Director


Island & County Estates Limited (Registered number: 03053820)

Notes to the Financial Statements
for the Year Ended 30th April 2024

1. STATUTORY INFORMATION

Island & County Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 15% on reducing balance and at variable rates on reducing balance

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st May 2023 492,647
Additions 64,115
At 30th April 2024 556,762
DEPRECIATION
At 1st May 2023 16,394
Charge for year 608
At 30th April 2024 17,002
NET BOOK VALUE
At 30th April 2024 539,760
At 30th April 2023 476,253

Island & County Estates Limited (Registered number: 03053820)

Notes to the Financial Statements - continued
for the Year Ended 30th April 2024

4. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30th April 2024 is represented by:

Totals
£   
Valuation in 2024 556,762

If Freehold Property had not been revalued they would have been included at the following historical cost:

30.4.24 30.4.23
£    £   
Cost 37,000 37,000

Value of land in freehold land and buildings 108,321 108,321

Freehold Property were valued on Open Market basis on 30th April 2015 by Zoopla .

A Revaluation of the Freehold property was carried out on 30/04/2022

5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS
30.4.24 30.4.23
£    £   
Repayable otherwise than by instalments
Other loans more 5yrs non-inst 47,723 51,360

Repayable by instalments
Bank loans more 5 yr by instal 13,889 15,829

6. RESERVES
Revaluation
reserve
£   
At 1st May 2023
and 30th April 2024 406,000

7. RELATED PARTY DISCLOSURES

The company was under the control of Mr J Skinner during this and the previous year.