|
|
|
|
Directors' Report |
|
|
|
(Appointed
|
|
(Resigned
|
|
Director |
Registered office: |
|
|
|
|
N Ireland |
|
|
Statement of Income and Retained Earnings |
Period from |
|||
1 May 23 to |
Year to |
||
31 Mar 24 |
30 Apr 23 |
||
Note |
£ |
£ |
|
Turnover |
4 |
|
|
--------- |
------------ |
|
Gross profit |
|
|
Administrative expenses |
|
|
|
--------- |
------------ |
||
Operating profit |
5 |
|
|
Interest payable and similar expenses |
6 |
|
|
--------- |
------------ |
||
Profit before taxation |
|
|
|
Tax on profit |
7 |
|
|
--------- |
--------- |
||
Profit for the financial period and total comprehensive income |
|
|
|
--------- |
--------- |
||
|
Statement of Financial Position |
31 Mar 24 |
30 Apr 23 |
|
Note |
£ |
£ |
Tangible assets |
8 |
|
|
Debtors |
9 |
|
|
Cash at bank and in hand |
|
|
|
--------- |
--------- |
||
|
|
||
Creditors: amounts falling due within one year |
10 |
|
|
------------ |
------------ |
||
Net current liabilities |
|
|
|
------------- |
------------- |
||
Total assets less current liabilities |
|
|
|
Creditors: amounts falling due after more than one year |
11 |
|
|
Taxation including deferred tax |
12 |
|
|
------------- |
------------- |
||
Net assets |
|
|
|
------------- |
------------- |
||
Called up share capital |
14 |
|
|
Share premium account |
15 |
|
|
Profit and loss account |
15 |
|
|
------------ |
------------ |
||
Shareholders funds |
|
|
|
------------ |
------------ |
||
|
Statement of Financial Position (continued) |
|
Director |
|
Statement of Cash Flows |
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Profit for the financial period |
|
|
Adjustments for: |
||
Fair value adjustment of investment property |
– |
|
Interest payable and similar expenses |
|
|
Tax on profit |
|
|
Accrued expenses |
|
|
Changes in: |
||
Trade and other debtors |
(
|
(
|
Trade and other creditors |
(
|
(
|
--------- |
--------- |
|
Cash generated from operations |
|
|
Interest paid |
(
|
(
|
Tax (paid)/received |
(
|
|
--------- |
--------- |
|
Net cash from operating activities |
|
|
--------- |
--------- |
|
Proceeds from borrowings |
(
|
(
|
--------- |
--------- |
|
Net cash used in financing activities |
(
|
(
|
--------- |
--------- |
|
Net decrease in cash and cash equivalents |
(
|
(
|
Cash and cash equivalents at beginning of period |
284,703 |
387,984 |
--------- |
--------- |
|
Cash and cash equivalents at end of period |
|
|
--------- |
--------- |
|
|
Notes to the Financial Statements |
Period from |
||
1 May 23 to |
Year to |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Rental income |
|
|
--------- |
------------ |
|
Period from |
||
1 May 23 to |
Year to |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Fair value adjustments to investment property |
– |
|
---- |
--------- |
|
Period from |
||
1 May 23 to |
Year to |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Interest on banks loans and overdrafts |
|
|
--------- |
--------- |
|
Period from |
||
1 May 23 to |
Year to |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
UK current tax expense |
|
|
Origination and reversal of timing differences |
– |
(
|
-------- |
-------- |
|
Tax on profit |
|
|
-------- |
-------- |
|
Period from |
||
1 May 23 to |
Year to |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
--------- |
--------- |
|
Profit on ordinary activities by rate of tax |
|
|
Effect of capital allowances and depreciation |
(
|
(
|
Effect of revenue exempt from tax |
– |
|
Effect of different UK tax rates on some earnings |
(962) |
1,661 |
Utilisation of tax losses |
– |
(
|
Deferred tax charge |
– |
(34,260) |
--------- |
--------- |
|
Tax on profit |
|
|
--------- |
--------- |
|
Freehold property |
|
£ |
|
Cost |
|
At 1 May 2023 and 31 March 2024 |
|
------------- |
|
Depreciation |
|
At 1 May 2023 and 31 March 2024 |
– |
------------- |
|
Carrying amount |
|
At 31 March 2024 |
|
------------- |
|
At 30 April 2023 |
|
------------- |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Trade debtors |
|
|
Amounts owed by undertakings in which the company has a participating interest |
|
– |
--------- |
-------- |
|
|
|
|
--------- |
-------- |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Accruals and deferred income |
|
|
Corporation tax |
|
|
Social security and other taxes |
|
|
Other creditors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
------------ |
------------ |
|
Deferred tax (note 13) |
|
£ |
|
At 1 May 2023 and 31 March 2024 |
|
-------- |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Included in provisions (note 12) |
|
|
-------- |
-------- |
|
31 Mar 24 |
30 Apr 23 |
|
£ |
£ |
|
Fair value adjustment of investment property |
|
|
-------- |
-------- |
|
31 Mar 24 |
30 Apr 23 |
|||
No. |
£ |
No. |
£ |
|
|
|
100 |
|
100 |
---- |
---- |
---- |
---- |
|
At 1 May 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(159,927) |
|
Debt due within one year |
(487,500) |
– |
(487,500) |
Debt due after one year |
(7,696,406) |
205,406 |
(7,491,000) |
------------ |
--------- |
------------ |
|
(
|
|
(
|
|
------------ |
--------- |
------------ |
|