Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2024 | 2023 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 3 | ||||||
Investments | 4 | ||||||
Current assets | |||||||
Stocks | |||||||
Debtors | 5 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 6 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 7 | - | ( |
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Provisions for liabilities | ( |
( |
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Net assets | |||||||
Capital and reserves | |||||||
Called up share capital | |||||||
Fair value reserve | 530,502 | 441,003 | |||||
Profit and loss account | |||||||
Shareholder's funds | |||||||
R Oakes | Approved by the board on |
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Director | |||||||
Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
Turnover | ||||||||
Tangible fixed assets (investment properties) | ||||||||
This treatment represents a departure from the requirements of the Companies Act 2006 but is required in order for the accounts to show a true and fair view. It is impractical, in the opinion of the directors, to state an amount of depreciation which would have been charged against profit had the provisions of the Act been followed. |
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Investments | ||||||||
Stocks | ||||||||
Taxation | ||||||||
2 | Employees | 2024 | 2023 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Tangible fixed assets | |||||||
Land and buildings | Plant and machinery etc | Total | ||||||
£ | £ | £ | ||||||
Carrying value | ||||||||
At 1 April 2023 | ||||||||
Disposals | ( |
( |
( |
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At 31 March 2024 | - | |||||||
Depreciation | ||||||||
At 1 April 2023 | - | |||||||
On disposals | - | ( |
( |
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At 31 March 2024 | - | - | - | |||||
Net book value | ||||||||
At 31 March 2024 | - | |||||||
At 31 March 2023 | ||||||||
Freehold land and buildings: | 2024 | 2023 | ||||||
£ | £ | |||||||
Historical cost | 46,418 | 162,247 | ||||||
Cumulative depreciation based on historical cost | - | - | ||||||
Land and buildings were revalued in 2021. | ||||||||
4 | Investments | |||||||
Investments in | ||||||||
associated | ||||||||
undertakings | ||||||||
£ | ||||||||
Carrying value | ||||||||
At 1 April 2023 | ||||||||
Increase in value credited to profit & loss account | ||||||||
At 31 March 2024 | ||||||||
Historical cost | ||||||||
At 1 April 2023 | 20,000 | |||||||
At 31 March 2024 | 20,000 | |||||||
5 | Debtors | 2024 | 2023 | |||||
£ | £ | |||||||
Amounts owed by connected undertakings | 86,208 | 126,625 | ||||||
Director's loan | 52,259 | 75,383 | ||||||
Other debtors | ||||||||
6 | Creditors: amounts falling due within one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans and overdrafts | - | |||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
7 | Creditors: amounts falling due after one year | 2024 | 2023 | |||||
£ | £ | |||||||
Bank loans | - | |||||||
8 | Loans to directors | |||||||
Description and conditions | B/fwd | Paid | Repaid | C/fwd | ||||
£ | £ | £ | £ | |||||
( |
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75,383 | 69,809 | (92,663) | 52,529 | |||||
9 | Related party transactions | |||||||
The company has lent money to connected undertakings in which either it or the director or both have an interest, one such undertaking also being an associated undertaking in which the company has invested. The amounts owing by the connected undertakings are disclosed in note 5 above and no formal terms attach to these loans. |
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Transactions with connected undertaking The company has incurred development costs upon a stock asset with a view to future sale. Costs of £62,753 (2023 - £80,748) were charged by an undertaking of which the company's director is also a director and shareholder; these costs were all charged to the company at market value. |
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Director's loan The company has lent money to its director, the amount owing being disclosed in note 5 above. The company has charged interest upon the net loan balances due to it. |
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10 | Other information | |||||||
October Solutions Limited is a private company limited by shares and incorporated in England and Wales. The company is controlled by its director. The registered office is situated at Clivewood Farm Wem Road, Clive, Shrewsbury, United Kingdom, SY4 5PR. |