|
|
|
|
Statement of Financial Position |
2024 |
2023 |
||
Note |
£ |
£ |
£ |
Tangible assets |
6 |
|
|
|
Investments |
7 |
|
|
|
------------- |
------------- |
|||
|
|
|||
Debtors |
8 |
|
|
|
Cash at bank and in hand |
|
|
||
------------ |
------------ |
|||
|
|
|||
Creditors: amounts falling due within one year |
9 |
|
|
|
------------ |
------------ |
|||
Net current assets |
|
|
||
------------- |
------------- |
|||
Total assets less current liabilities |
|
|
||
Creditors: amounts falling due after more than one year |
10 |
|
|
|
Taxation including deferred tax |
|
|
|
------------- |
------------- |
||
Net assets |
|
|
|
------------- |
------------- |
||
Called up share capital |
|
|
||
Profit and loss account |
13 |
|
|
|
------------- |
------------- |
|||
Shareholders funds |
|
|
||
------------- |
------------- |
|||
|
Statement of Financial Position (continued) |
|
|
Director |
|
|
Notes to the Financial Statements |
Motor Vehicles |
- |
|
|
Office Equipment |
- |
|
|
2024 |
2023 |
|
£ |
£ |
|
UK current tax expense |
– |
|
Origination and reversal of timing differences |
|
(
|
--------- |
--------- |
|
Tax on (loss)/profit |
|
(
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
(Loss)/profit on ordinary activities before taxation |
(
|
|
--------- |
--------- |
|
(Loss)/profit on ordinary activities by rate of tax |
(
|
|
Effect of expenses not deductible for tax purposes |
|
|
Effect of capital allowances and depreciation |
(
|
(
|
Unused tax losses |
|
– |
Deferred tax: origination and reversal of timing differences |
|
(
|
--------- |
--------- |
|
Tax on (loss)/profit |
|
(
|
--------- |
--------- |
|
Motor vehicles |
Equipment |
Total |
|
£ |
£ |
£ |
|
Cost |
|||
At 1 April 2023 |
|
|
|
Additions |
|
|
|
--------- |
-------- |
--------- |
|
At 31 March 2024 |
|
|
|
--------- |
-------- |
--------- |
|
Depreciation |
|||
At 1 April 2023 |
|
|
|
Charge for the year |
|
|
|
--------- |
-------- |
--------- |
|
At 31 March 2024 |
|
|
|
--------- |
-------- |
--------- |
|
Carrying amount |
|||
At 31 March 2024 |
|
|
|
--------- |
-------- |
--------- |
|
At 31 March 2023 |
|
|
|
--------- |
-------- |
--------- |
|
Investment properties |
|
£ |
|
Cost |
|
At 1 April 2023 |
|
Additions |
|
Revaluations |
(
|
------------- |
|
At 31 March 2024 |
|
------------- |
|
Impairment |
|
At 1 April 2023 and 31 March 2024 |
– |
------------- |
|
Carrying amount |
|
At 31 March 2024 |
|
------------- |
|
At 31 March 2023 |
|
------------- |
|
2024 |
2023 |
|
£ |
£ |
|
Trade debtors |
|
|
Bridging loans |
|
|
Loans to connected companies |
|
|
Other debtors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
Trade creditors |
|
|
Corporation tax |
– |
|
Shareholders loan accounts |
|
|
Loans from connected company |
1,155,354
|
|
Other creditors |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Bank loans and overdrafts |
|
|
------------- |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Included in provisions |
|
|
------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Fair value adjustment of investment property |
|
|
------------ |
------------ |
|
2024 | 2023 | ||
£ | £ | ||
Financial assets measured at amortised cost: | |||
Trade and other debtors | 62,965 | 106,437 | |
Other loans | 7,751,109 | 8,289,164 | |
------------ | ------------ | ||
7,814,074 | 8,395,601 | ||
------------ | ------------ | ||
£ | £ | ||
Financial liabilities measured at amortised cost | |||
Bank loans and overdraft | 13,612,381 | 11,584,537 | |
Other loans | 3,912,684 | 4,202,558 | |
Trade and other creditors | 327,411 | 266,499 | |
Accruals | 19,327 | 17,095 | |
------------- | ------------- | ||
17,871,803 | 16,070,689 | ||
------------- | ------------- | ||
Distributable reserves | Non-distributable reserves | Total | |
£ | £ | £ | |
As at 1 April 2023 | 7,603,745 | 10,643,057 | 18,246,802 |
Loss for the year | (1,071,814) | – | (1,071,814) |
Dividends paid | (25,000) | – | (25,000) |
Fair value loss on investment properties | – | (1,280,145) | (1,280,145) |
------------ | ------------- | ------------- | |
As at 31 March 2024 | 6,506,931 | 9,362,912 | 15,869,843 |
------------ | ------------- | ------------- | |
2024 | 2023 | ||
£ | £ | ||
Loans to connected companies: | |||
Altitude Assets Limited | 1,360,346 | 884,000 | |
Liberal Limited | 966,564 | 896,564 | |
Katrin Group Limited | 897,422 | – | |
Altitude Contractors Limited | 9,096 | 13,347 | |
Chapel House E14 Ltd | 719,177 | 719,177 | |
Coral Bridging Limited | 34,166 | 508,898 | |
Halifax HX1 Ltd | 167,527 | 62,527 | |
London Lane Development Limited | 1,864,225 | 1,424,225 | |
KCF Estates Ltd | 2,374 | 524,195 | |
------------ | ------------ | ||
6,020,897 | 5,032,933 | ||
------------ | ------------ | ||
£ | £ | ||
Shareholders loan accounts: | |||
Kerem Yavuzarslan - Director | 548,465 | 358,928 | |
Mustafa Yavuzarslan - Close family member | 1,477,289 | 2,177,289 | |
Necip Yavuzarslan - Close family member | 283,453 | 283,453 | |
Can Yavuzarslan - Close family member | 339,938 | 82,349 | |
Fatih Yavuzarslan - Close family member | 108,185 | 55,185 | |
------------ | ------------ | ||
2,757,330 | 2,957,204 | ||
------------ | ------------ | ||
£ | £ | ||
Loans from connected companies: | |||
Katrin Limited | 1,155,354 | 1,245,354 | |
------------ | ------------ | ||