REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
Concorde (No.1) Ltd |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 30 April 2024 |
for |
Concorde (No.1) Ltd |
Concorde (No.1) Ltd (Registered number: 11294343) |
Contents of the Financial Statements |
for the Year Ended 30 April 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Concorde (No.1) Ltd |
Company Information |
for the Year Ended 30 April 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
Roland House |
Princes Dock Street |
Hull |
HU1 2LD |
Concorde (No.1) Ltd (Registered number: 11294343) |
Balance Sheet |
30 April 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
CURRENT ASSETS |
Stocks |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CAPITAL AND RESERVES |
Called up share capital | 6 |
Retained earnings | 7 | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
The directors acknowledge their 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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Concorde (No.1) Ltd (Registered number: 11294343) |
Notes to the Financial Statements |
for the Year Ended 30 April 2024 |
1. | STATUTORY INFORMATION |
Concorde (No.1) Ltd is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The company is dependent on the continued financial support of the Director, The Stuart Wall Discretionary Settlement and other businesses under the ownership of the Director which have provided loans and continue to fund the company's ongoing building and development projects. On this basis the accounts have been prepared on a going concern basis. |
Tangible fixed assets |
Stocks |
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 30 April 2024 |
DEPRECIATION |
Charge for year |
At 30 April 2024 |
NET BOOK VALUE |
At 30 April 2024 |
Concorde (No.1) Ltd (Registered number: 11294343) |
Notes to the Financial Statements - continued |
for the Year Ended 30 April 2024 |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Other creditors |
6. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2024 | 2023 |
value: | £ | £ |
Ordinary | £1 | 2 | 2 |
7. | RESERVES |
Retained |
earnings |
£ |
At 1 May 2023 | ( |
) |
Deficit for the year | ( |
) |
At 30 April 2024 | ( |
) |
8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
At the balance sheet date the Company owed Dr S B Wall £1,775,890 (2023 - £809,252). This loan is interest free and repayable on demand. |
At the balance sheet date the Company owed Miss H M Wall £499,000 (2023 - £500,000). Interest is accrued on this loan at a rate of 5%. |
9. | RELATED PARTY DISCLOSURES |
The Stuart Wall Discretionary Settlement 2015 |
At 30 April 2024 the Company owed £2,589,751 (2023 - £2,685,338) to The Stuart Wall Discretionary Settlement 2015. |
Property Venture 1 Limited |
At 30 April 2024 the Company owed £534,732 (2023 - £277,128) to Property Venture 1 Limited, a Company controlled by Dr S B Wall. This loan is interest free and repayable on demand. |
Briar Investments Limited |
At 30 April 2024 the Company owed £384,585 (2023 - £61,602) to Briar Investments Limited, a Company controlled by Dr S B Wall. This loan is interest free and repayable on demand. |
10. | ULTIMATE CONTROLLING PARTY |
The controlling party is Dr S B Wall. |