Registered number |
Registered number: | |||||||
Balance Sheet | |||||||
as at |
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Notes | 2023 | 2022 | |||||
£ | £ | £ | £ | ||||
Current assets | |||||||
Debtors due in more than one year | 4 | ||||||
Debtors due in less than one year | 4 | ||||||
Cash at bank and in hand | |||||||
Creditors: amounts falling due within one year | 5 | ( |
( |
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Net current assets | |||||||
Total assets less current liabilities | |||||||
Creditors: amounts falling due after more than one year | 6 | ( |
( |
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Net liabilities | ( |
( |
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Capital and reserves | |||||||
Called up share capital | |||||||
Shareholder loan reserve | |||||||
Profit and loss account | ( |
( |
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Shareholders' funds | ( |
( |
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The profit and loss account has not been delivered to the Registrar of Companies. | |||||||
Approved by the board on |
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A S Mann | |||||||
Director | |||||||
The notes on pages 2 to 6 form part of these financial statements. | |||||||
Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
These accounts present information about the parent undertaking as an individual undertaking. Statutory consolidated accounts have not been prepared on the basis that the Company is a parent company of a small group and is exempt from the requirement to prepare group accounts. | ||||||||
Going concern | ||||||||
Interest income | ||||||||
Investments | ||||||||
Debtors | ||||||||
(a) the amount at which the financial asset is measured at initial recognition; (b) minus any repayments of the principal; (c) plus or minus the cumulative amortisation using the effective interest method of any difference between the amount at initial recognition and the expected maturity amount; (d) minus any reduction (directly or through the use of an allowance account) for impairment or uncollectability. Where loans are made to subsidiaries at interest rates which are below a market rate, the initial difference between the fair value of the loan and its cost is treated as a cost of investment. Such loans are subsequently measured at amortised cost using the effective interest method. |
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Creditors | ||||||||
Loans and other liabilities | ||||||||
Taxation | ||||||||
Provisions | ||||||||
Key accounting estimates and judgements | ||||||||
The Company necessarily makes estimates and assumptions concerning its future. The resulting accounting estimates will, by definition, seldom equal the actual future outcome. The key areas where the Board have used estimates and judgements in preparing these financial statements and therefore the areas where there is a risk that the future actual outcome may vary from the estimates used are as follows: | ||||||||
Carrying value of loan to third parties | ||||||||
Key accounting estimates and judgements (continued) | ||||||||
Carrying value of investment in and loans to subsidiary undertaking | ||||||||
Carrying value of loans from shareholders | ||||||||
2 | Employees | 2023 | 2022 | |||||
Number | Number | |||||||
Average number of persons employed by the company | ||||||||
3 | Investments | |||||||
Investments in | ||||||||
subsidiary | ||||||||
undertakings | ||||||||
£ | ||||||||
Cost | ||||||||
At 1 January 2023 | ||||||||
Additions | ||||||||
At 31 December 2023 | ||||||||
Impairment provision | ||||||||
At 1 January 2023 | ( |
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Movement in year | ( |
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At 31 December 2023 | ( |
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Carrying amount at 31 December 2023 | - | |||||||
Carrying amount at 1 January 2023 | - | |||||||
Additions represent the implied discount on long-term interest-free loans advanced to subsidiary undertakings in the year. | ||||||||
3 | Investments (continued) | |||||||
The company's wholly owned subsidiary undertakings at the end of the financial year were: | ||||||||
Augur Liverpool Limited | A private company incorporated in England and Wales | |||||||
Circus Hotel Trading Limited * | A dormant private company incorporated in England and Wales | |||||||
Circus Holding Company Limited * | A dormant private company incorporated in England and Wales | |||||||
Circus Property Holding Limited * | A dormant private company incorporated in England and Wales | |||||||
* - held indirectly | ||||||||
Augur Liverpool Limited is a property development company. All the subsidiary undertakings have their registered office at Unit 13 Breasy Place, Burroughs Gardens, London NW4 4AT. | ||||||||
The loss, share capital and reserves of Augur Liverpool Limited at the end of the financial year were: | ||||||||
2023 | 2022 | |||||||
£ | £ | |||||||
(Loss) for the year: | (3,461,092) | (1,367,370) | ||||||
Share capital and reserves | (9,928,601) | (6,733,345) | ||||||
4 | Debtors | 2023 | 2022 | |||||
£ | £ | |||||||
Amounts due after more than one year: | ||||||||
Amounts owed by group undertakings and undertakings in which the Company has a participating interest | ||||||||
Third party loans | ||||||||
Amounts due within one year: | ||||||||
Other debtors | ||||||||
The amount due from group undertakings is scheduled for repayment in November 2025 but this is under review and is likely to be extended. | ||||||||
5 | Creditors: amounts falling due within one year | 2023 | 2022 | |||||
£ | £ | |||||||
Trade creditors | - | |||||||
Taxation and social security costs | ||||||||
Other creditors | ||||||||
6 | Creditors: amounts falling due after one year | 2023 | 2022 | |||||
£ | £ | |||||||
Other creditors | ||||||||
Unamortised issue costs | ( |
( |
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Other creditors falling due after one year are shareholder loans due for payment in two to five years. Since the year end, the shareholders have agreed with the Company to defer the repayment date of their interest-free loans to December 2029 with an option for the company to extend this to 2034. | ||||||||
7 | Related party transactions | |||||||
The Company has taken advantage of the exemption from disclosing transactions with its fully-owned subsidiary undertaking. | ||||||||
8 | Other information | |||||||
Augur Northwest Limited is a private company limited by shares and incorporated in England and Wales. Its registered office is: | ||||||||
Unit 13 Breasy Place | ||||||||
Burroughs Gardens | ||||||||
London | ||||||||
NW4 4AT | ||||||||
The company's principal place of business is at its registered office. | ||||||||
9 | Audit | |||||||
The report was signed on: | ||||||||
The report was signed by: | ||||||||