Silverfin false false 30/04/2024 01/05/2023 30/04/2024 A W Iles 18/02/2003 M Iles 01/12/2004 30 January 2025 no description of principal activity 04669506 2024-04-30 04669506 bus:Director1 2024-04-30 04669506 bus:Director2 2024-04-30 04669506 2023-04-30 04669506 core:CurrentFinancialInstruments 2024-04-30 04669506 core:CurrentFinancialInstruments 2023-04-30 04669506 core:ShareCapital 2024-04-30 04669506 core:ShareCapital 2023-04-30 04669506 core:RetainedEarningsAccumulatedLosses 2024-04-30 04669506 core:RetainedEarningsAccumulatedLosses 2023-04-30 04669506 core:LandBuildings 2023-04-30 04669506 core:PlantMachinery 2023-04-30 04669506 core:FurnitureFittings 2023-04-30 04669506 core:LandBuildings 2024-04-30 04669506 core:PlantMachinery 2024-04-30 04669506 core:FurnitureFittings 2024-04-30 04669506 core:CostValuation 2023-04-30 04669506 core:CostValuation 2024-04-30 04669506 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2024-04-30 04669506 core:SubsidiariesWithMaterialNon-controllingInterests core:CurrentFinancialInstruments 2023-04-30 04669506 2023-05-01 2024-04-30 04669506 bus:FilletedAccounts 2023-05-01 2024-04-30 04669506 bus:SmallEntities 2023-05-01 2024-04-30 04669506 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 04669506 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 04669506 bus:Director1 2023-05-01 2024-04-30 04669506 bus:Director2 2023-05-01 2024-04-30 04669506 core:LandBuildings core:TopRangeValue 2023-05-01 2024-04-30 04669506 core:PlantMachinery core:TopRangeValue 2023-05-01 2024-04-30 04669506 core:FurnitureFittings 2023-05-01 2024-04-30 04669506 2022-05-01 2023-04-30 04669506 core:LandBuildings 2023-05-01 2024-04-30 04669506 core:PlantMachinery 2023-05-01 2024-04-30 iso4217:GBP xbrli:pure

Company No: 04669506 (England and Wales)

GINGER ESTATES LIMITED

Unaudited Financial Statements
For the financial year ended 30 April 2024
Pages for filing with the registrar

GINGER ESTATES LIMITED

Unaudited Financial Statements

For the financial year ended 30 April 2024

Contents

GINGER ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 April 2024
GINGER ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 April 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 31,512 36,324
Investments 4 2 2
31,514 36,326
Current assets
Debtors 5 509,140 503,492
Cash at bank and in hand 1,589 732
510,729 504,224
Creditors: amounts falling due within one year 6 ( 524,326) ( 507,415)
Net current liabilities (13,597) (3,191)
Total assets less current liabilities 17,917 33,135
Net assets 17,917 33,135
Capital and reserves
Called-up share capital 102 102
Profit and loss account 17,815 33,033
Total shareholders' funds 17,917 33,135

For the financial year ending 30 April 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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: 04669506) were approved and authorised for issue by the Board of Directors. They were signed on its behalf by:

A W Iles
Director

30 January 2025

GINGER ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
GINGER ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 April 2024
1. Accounting policies

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.

General information and basis of accounting

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

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

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Interest income

Interest income is recognised when it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably. Interest income is accrued on a time basis, by reference to the principal outstanding at the effective interest rate applicable, which is the rate that exactly discounts estimated future cash receipts through the expected life of the financial asset to that asset's net carrying amount on initial recognition.

Dividend income

Dividend income from investments is recognised when the shareholders' rights to receive payment have been established (provided that it is probable that the economic benefits will flow to the Company and the amount of revenue can be measured reliably).

Finance costs

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.

Taxation

Current tax
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.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Land and buildings 20 years straight line
Plant and machinery 20 years straight line
Fixtures and fittings 25 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

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.

Fixed asset investments

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.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

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.

Dividends

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.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Land and buildings Plant and machinery Fixtures and fittings Total
£ £ £ £
Cost
At 01 May 2023 59,388 31,113 53,579 144,080
At 30 April 2024 59,388 31,113 53,579 144,080
Accumulated depreciation
At 01 May 2023 35,487 19,839 52,430 107,756
Charge for the financial year 2,969 1,556 287 4,812
At 30 April 2024 38,456 21,395 52,717 112,568
Net book value
At 30 April 2024 20,932 9,718 862 31,512
At 30 April 2023 23,901 11,274 1,149 36,324

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 May 2023 2
At 30 April 2024 2
Carrying value at 30 April 2024 2
Carrying value at 30 April 2023 2

5. Debtors

2024 2023
£ £
Amounts owed by own subsidiaries 383,153 409,192
Amounts owed by directors 112,982 81,980
VAT recoverable 3,138 2,453
Other debtors 9,867 9,867
509,140 503,492

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to own subsidiaries 521,626 504,461
Accruals 2,700 2,604
Taxation and social security 0 350
524,326 507,415

7. Related party transactions

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.