Company No:
Contents
Note | 2024 | 2023 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
|
|
|
Investments | 4 |
|
|
|
31,514 | 36,326 | |||
Current assets | ||||
Debtors | 5 |
|
|
|
Cash at bank and in hand |
|
|
||
510,729 | 504,224 | |||
Creditors: amounts falling due within one year | 6 | (
|
(
|
|
Net current liabilities | (13,597) | (3,191) | ||
Total assets less current liabilities | 17,917 | 33,135 | ||
Net assets |
|
|
||
Capital and reserves | ||||
Called-up share capital |
|
|
||
Profit and loss account |
|
|
||
Total shareholders' funds |
|
|
Directors' responsibilities:
These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Ginger Estates Limited (registered number:
A W Iles
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Ginger Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Orchard House, Field Dalling Road, Langham, Holt, NR25 7BU, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Finance costs are charged to the Income Statement over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Land and buildings |
|
Plant and machinery |
|
Fixtures and fittings |
|
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders.
2024 | 2023 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
|
|
Land and buildings | Plant and machinery | Fixtures and fittings | Total | ||||
£ | £ | £ | £ | ||||
Cost | |||||||
At 01 May 2023 |
|
|
|
|
|||
At 30 April 2024 |
|
|
|
|
|||
Accumulated depreciation | |||||||
At 01 May 2023 |
|
|
|
|
|||
Charge for the financial year |
|
|
|
|
|||
At 30 April 2024 |
|
|
|
|
|||
Net book value | |||||||
At 30 April 2024 |
|
|
|
|
|||
At 30 April 2023 |
|
|
|
|
Investments in subsidiaries
2024 | |
£ | |
Cost | |
At 01 May 2023 |
|
At 30 April 2024 |
|
Carrying value at 30 April 2024 |
|
Carrying value at 30 April 2023 |
|
2024 | 2023 | ||
£ | £ | ||
Amounts owed by own subsidiaries |
|
|
|
Amounts owed by directors |
|
|
|
VAT recoverable |
|
|
|
Other debtors |
|
|
|
|
|
2024 | 2023 | ||
£ | £ | ||
Amounts owed to own subsidiaries |
|
|
|
Accruals |
|
|
|
Taxation and social security |
|
|
|
|
|
At the year end net amounts in aggregate of £138,473 (2023 - £95,269) were owed by the Company in relation to connected companies and related parties.
At the year end the Company was owed £42,758 by a Director and £70,224 by the Directors jointly. (2023 - Company was owed £41,715 by a director and owed to the Directors jointly £40,265) Interest has been charged on these loans at a rate of 2.25%. Shortly after the year end £70,224 was repaid.