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Consolidated Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Director's report |
2 |
Independent auditor's report to the members |
5 |
Consolidated statement of comprehensive income |
9 |
Consolidated statement of financial position |
10 |
Company statement of financial position |
11 |
Consolidated statement of changes in equity |
12 |
Company statement of changes in equity |
13 |
Notes to the consolidated financial statements |
14 |
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Officers and Professional Advisers |
Director |
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Company secretary |
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Registered office |
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Auditor |
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Chartered Accountants & Statutory Auditor |
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Unit 5 White Oak Square |
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London Road |
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Swanley |
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Kent |
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BR8 7AG |
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Director's Report |
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Director |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered Accountants & Statutory Auditor |
Unit 5 White Oak Square |
London Road |
Swanley |
Kent |
BR8 7AG |
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Consolidated Statement of Comprehensive Income |
2024 |
2023 |
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Note |
£ |
£ |
Turnover |
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Cost of sales |
(
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(
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------------- |
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Gross profit |
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Administrative expenses |
(
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(
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Other operating income |
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------------- |
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Operating (loss)/profit |
(
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Fair value gains and losses on investment properties |
– |
(
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Other interest receivable and similar income |
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Interest payable and similar expenses |
(
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(
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------------- |
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Loss before taxation |
6 |
(
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(
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Tax on loss |
– |
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Loss for the financial year and total comprehensive income |
(
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(
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------------- |
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Consolidated Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
7 |
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Debtors |
9 |
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Investments |
10 |
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Cash at bank and in hand |
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-------------- |
-------------- |
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Creditors: amounts falling due within one year |
11 |
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-------------- |
-------------- |
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Net current liabilities |
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-------------- |
-------------- |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
12 |
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Taxation including deferred tax |
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-------------- |
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Net assets |
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-------------- |
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Called up share capital |
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Other reserves |
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Profit and loss account |
(
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(
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-------------- |
-------------- |
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Shareholders funds |
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-------------- |
-------------- |
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Director |
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Company Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
7 |
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Investments |
8 |
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Debtors |
9 |
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Investments |
10 |
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Cash at bank and in hand |
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-------------- |
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Creditors: amounts falling due within one year |
11 |
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-------------- |
-------------- |
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Net current assets |
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-------------- |
-------------- |
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Total assets less current liabilities |
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-------------- |
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Net assets |
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-------------- |
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Called up share capital |
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Profit and loss account |
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-------------- |
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Shareholders funds |
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-------------- |
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Director |
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Consolidated Statement of Changes in Equity |
Called up share capital |
Other reserves |
Profit and loss account |
Total |
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£ |
£ |
£ |
£ |
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At 1 May 2022 |
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(
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Loss for the year |
(
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(
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Other comprehensive income for the year: |
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other reserves |
– |
(7,199,828) |
7,199,828
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– |
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---- |
-------------- |
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Total comprehensive income for the year |
– |
(
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(
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(
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At 30 April 2023 |
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(
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Loss for the year |
(
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(
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---- |
-------------- |
------------- |
-------------- |
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Total comprehensive income for the year |
– |
– |
(
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(
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---- |
-------------- |
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-------------- |
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At 30 April 2024 |
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(
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---- |
-------------- |
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Company Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
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£ |
£ |
£ |
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At 1 May 2022 |
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Profit for the year |
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---- |
-------------- |
-------------- |
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Total comprehensive income for the year |
– |
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At 30 April 2023 |
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24,338,687
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24,338,787
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Loss for the year |
(
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(
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---- |
-------------- |
-------------- |
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Total comprehensive income for the year |
– |
(
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(
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---- |
-------------- |
-------------- |
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At 30 April 2024 |
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---- |
-------------- |
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Notes to the Consolidated Financial Statements |
Fixtures, fittings & equipment |
- |
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2024 |
2023 |
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£ |
£ |
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Fees payable for the audit of the consolidated financial statements |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
(
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Fair value adjustments to other fixed asset investments |
– |
7,518,000 |
------- |
------------- |
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Group |
Investment Properties |
Fixtures and fittings |
Assets under constrction |
Total |
£ |
£ |
£ |
£ |
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Cost |
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At 1 May 2023 |
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Additions |
– |
– |
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-------------- |
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-------------- |
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At 30 April 2024 |
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-------------- |
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-------------- |
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Depreciation |
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At 1 May 2023 |
– |
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– |
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Charge for the year |
– |
(
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– |
(
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-------------- |
--------- |
------------- |
-------------- |
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At 30 April 2024 |
– |
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– |
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-------------- |
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-------------- |
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Carrying amount |
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At 30 April 2024 |
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-------------- |
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At 30 April 2023 |
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-------------- |
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Company |
Investment Properties |
£ |
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Cost |
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At 1 May 2023 and 30 April 2024 |
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-------------- |
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Depreciation |
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At 1 May 2023 and 30 April 2024 |
– |
-------------- |
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Carrying amount |
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At 30 April 2024 |
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-------------- |
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At 30 April 2023 |
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Company |
Shares in group undertakings |
£ |
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Cost |
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At 1 May 2023 and 30 April 2024 |
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---- |
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Impairment |
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At 1 May 2023 and 30 April 2024 |
– |
---- |
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Carrying amount |
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At 1 May 2023 and 30 April 2024 |
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---- |
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At 30 April 2023 |
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Subsidiary undertakings | Class of share | Percentage of shares held | ||
Weltonvale (Sarsons) Ltd | Ordinary | 100 | ||
Sarsons (Main) Ltd | Ordinary | 100 | ||
Rodenway Ltd | Ordinary | 100 | ||
Weltonvale (Brunswick Court) Limited | Ordinary | 100 | ||
Sarsons Residential Limited | Ordinary | 100 | ||
Aparthotels (London Thames) Limited | Ordinary | 100 | ||
Aparthotels (West London) Limited | Ordinary | 100 | ||
Blackmoor Construction Limited | Ordinary | 100 | ||
Malting Estate Sales Company Ltd | Ordinary | 100 | ||
Keyerton Properties Limited | Ordinary | 100 | ||
Rodenway (Two) Limited | Ordinary | 100 | ||
Sarsons Studio Limited | Ordinary | 100 | ||
Sunlight Estates Limited | Ordinary | 100 | ||
Weltonvale Cinema Limited | Ordinary | 100 | ||
Think Collections Limited | Ordinary | 100 | ||
Think Commercial Property Limited | Ordinary | 100 | ||
Villa Agencies SPF Limited | Ordinary | 100 | ||
Weltonvale (Farm Lane) Limited | Ordinary | 100 | ||
Weltonvale (Tanner Street) Limited | Ordinary | 100 | ||
Weltonvale Arches Limited | Ordinary | 100 | ||
Sarsons (GH) Limited | Ordinary | 100 | ||
Weltonvale (Brunswick Court Two) Limited | Ordinary | 100 | ||
Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Trade debtors |
(
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– |
– |
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
– |
– |
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Other debtors |
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------------- |
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-------------- |
-------------- |
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------------- |
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-------------- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Investments |
19,778,699 |
26,189,572 |
18,010,069 |
23,086,952 |
-------------- |
-------------- |
-------------- |
-------------- |
|
2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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The fair value of the above listed investment is |
22,755,000 |
21,651,000 |
20,930,000 |
18,476,000 |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Bank loans and overdrafts |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
– |
– |
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Corporation tax |
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Social security and other taxes |
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– |
– |
Other creditors |
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-------------- |
-------------- |
-------------- |
-------------- |
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-------------- |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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£ |
£ |
£ |
£ |
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Bank loans and overdrafts |
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– |
– |
-------------- |
-------------- |
---- |
---- |
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