Director
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30/01/2025
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Director
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for and on behalf of
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2024 | 2023 as restated |
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Notes | £ | £ | ||
TURNOVER |
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Cost of sales |
( |
( |
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GROSS PROFIT |
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Administrative expenses |
( |
( |
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Other operating income |
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OPERATING PROFIT | 4 |
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Loss on disposal of fixed assets |
( |
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Other interest receivable and similar income | 9 |
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Interest payable and similar charges | 10 |
( |
( |
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PROFIT BEFORE TAXATION |
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Tax on Profit | 11 |
( |
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PROFIT AFTER TAXATION BEING PROFIT FOR THE FINANCIAL YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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2024 | 2023 as restated |
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£ | £ | |||
PROFIT FOR THE FINANCIAL YEAR |
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OTHER COMPREHENSIVE INCOME: | ||||
Loss on revaluation of investment properties |
( |
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TOTAL COMPREHENSIVE INCOME FOR THE YEAR ATTRIBUTABLE TO THE OWNERS OF THE PARENT |
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2024 | 2023 as restated |
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 13 |
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Investment Properties | 14 |
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CURRENT ASSETS | |||||
Stocks | 16 |
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Debtors | 17 |
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Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year | 18 |
( |
( |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 19 |
( |
( |
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PROVISIONS FOR LIABILITIES | |||||
Deferred Taxation | 21 |
( |
( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 23 |
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Revaluation reserve |
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Capital redemption reserve |
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Income Statement |
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SHAREHOLDERS' FUNDS | 7,701,286 | 6,128,897 | |||
Director
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2024 | 2023 as restated |
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Investments | 15 |
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CURRENT ASSETS | |||||
Cash at bank and in hand |
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NET CURRENT ASSETS (LIABILITIES) |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 23 |
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SHAREHOLDERS' FUNDS | 100 | 100 | |||
Director
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Share Capital | Revaluation reserve | Capital Redemption | Income Statement | Total | |
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£ | £ | £ | £ | £ | |
As at 1 February 2022 |
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6,024,920 |
Profit for the year and total comprehensive income | - | - | - |
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503,977 |
Dividends paid | - | - | - | (400,000) | (400,000) |
As at 31 January 2023 and 1 February 2023 as restated |
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6,128,897 |
Profit for year | - | - | - | 1,591,782 |
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Deficit on revaluation | - | (19,393) | - | - | (19,393) |
Other comprehensive income for the year | - |
( |
- |
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( |
Total comprehensive income for the year | - | (19,393) | - |
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1,572,389 |
As at 31 January 2024 |
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7,701,286 |
Prior Year Adjustment
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As at 1st February 2022 originally stated
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100
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50,000
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238,478
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7,717,445
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8,006,023
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Prior Year Adjustment
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-
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-
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-
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(1,981,103)
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(1,981,103)
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As at 1st February 2022 restated
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100
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50,000
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238,478
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5,736,342
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6,024,920
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Share Capital | Income Statement | Total | |
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£ | £ | £ | |
As at 1 February 2022 |
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100 |
Profit for the year and total comprehensive income | - |
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400,000 |
Dividends paid | - | (400,000) | (400,000) |
As at 31 January 2023 and 1 February 2023 as restated |
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100 |
As at 31 January 2024 |
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100 |
2024 | 2023 as restated |
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Notes | £ | £ | ||
Cash flows from operating activities | ||||
Net cash generated from operations | 1 |
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Interest paid |
( |
( |
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Tax paid |
( |
( |
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Net cash generated from operating activities |
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Cash flows from investing activities | ||||
Purchase of tangible assets |
( |
( |
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Proceeds from disposal of tangible assets |
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Interest received |
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Net cash generated from investing activities |
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Cash flows from financing activities | ||||
Equity dividends paid |
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( |
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Repayment of bank borrowings |
( |
( |
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Proceeds from new other loans | - | 1,628,546 | ||
Repayment of other loans | (4,675,315) | - | ||
Repayment of finance leases |
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( |
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Amount introduced by directors | - | 16,073 | ||
Amount withdrawn by directors | (790,346) | - | ||
Net cash used in financing activities |
( |
( |
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Increase/(decrease) in cash and cash equivalents |
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( |
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Cash and cash equivalents at beginning of year | 2 |
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Cash and cash equivalents at end of year | 2 |
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2024 | 2023 as restated |
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£ | £ | ||
Profit for the financial year |
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Adjustments for: | |||
Tax on profit |
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( |
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Interest expense |
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Interest income |
( |
( |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets | 4,427 | - | |
Movements in working capital: | |||
Decrease/(increase) in stocks |
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( |
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Decrease in trade and other debtors |
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Increase/(decrease) in trade and other creditors |
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( |
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Net cash generated from operations |
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2024 | 2023 as restated |
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£ | £ | ||
Cash at bank and in hand |
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As at 1 February 2023 | Cash flows | As at 31 January 2024 | |
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£ | £ | £ | |
Cash at bank and in hand |
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2,796,611 |
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Debts falling due within one year |
( |
4,700,665 |
( |
Debts falling due after more than one year | (397,347) | 123,143 | (274,204) |
(4,207,523) | 7,620,419 | 3,412,896 | |
Freehold |
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Plant & Machinery |
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Motor Vehicles |
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Fixtures & Fittings |
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2024 | 2023 as restated |
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£ | £ | ||
Rental income |
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20,594 | 6,910 | ||
2024 | 2023 as restated |
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£ | £ | ||
Depreciation of tangible fixed assets |
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2024 | 2023 as restated |
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£ | £ | ||
Audit Services | |||
Audit of the group and company's financial statements |
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2024 | 2023 as restated |
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£ | £ | ||
Wages and salaries |
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Social security costs |
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Other pension costs |
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2024 | 2023 as restated |
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£ | £ | ||
Emoluments |
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2024 | 2023 as restated |
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£ | £ | ||
Bank interest receivable |
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2024 | 2023 as restated |
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£ | £ | ||
Bank loans and overdrafts |
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Interest payable on other loans |
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Finance charges payable under finance leases and hire purchase contracts | 2,236 | 17,599 | |
141,582 | 658,484 | ||
The tax charge/(credit) on the profit for the year was as follows:
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Tax Rate | 2024 | 2023 as restated |
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2024 | 2023 | £ | £ | ||
Current tax | |||||
UK Corporation Tax | 25.0% | 19.0% |
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Prior period adjustment |
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( |
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Deferred Tax | |||||
Deferred taxation |
( |
( |
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Total tax charge for the period |
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( |
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The actual charge/(credit) for the year can be reconciled to the expected charge for the year based on the profit and the standard rate of corporation tax as follows:
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2024 | 2023 | ||||
£ | £ | ||||
Profit before tax | 1,834,622 | 495,693 | |||
Tax on profit at 25% (UK standard rate) |
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Goodwill/depreciation not allowed for tax |
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Expenses not deductible for tax purposes |
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Tax losses utilised |
( |
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Capital allowances |
( |
( |
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Tax incentives |
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( |
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Total tax charge for the period | 242,840 | - | |||
Tax incentives is Land Remediation Tax Relief
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Land & Property | |||||
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Freehold | Plant & Machinery | Motor Vehicles | Fixtures & Fittings | Total | |
£ | £ | £ | £ | £ | |
Cost | |||||
As at 1 February 2023 |
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Additions |
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Disposals |
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( |
( |
( |
( |
Transfers |
( |
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( |
As at 31 January 2024 |
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Depreciation | |||||
As at 1 February 2023 |
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Provided during the period |
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Disposals |
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( |
( |
( |
As at 31 January 2024 |
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Net Book Value | |||||
As at 31 January 2024 |
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As at 1 February 2023 |
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2024 | |
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£ | |
Fair Value | |
As at 1 February 2023 |
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Transfers |
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As at 31 January 2024 |
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Subsidiaries | |
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£ | |
Cost | |
As at 1 February 2023 |
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As at 31 January 2024 |
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Provision | |
As at 1 February 2023 |
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As at 31 January 2024 |
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Net Book Value | |
As at 31 January 2024 |
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As at 1 February 2023 |
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Name of undertaking | Registered Office | Class of shares held | Direct holding | Indirect holding |
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Edwards House |
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- |
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Edwards House |
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- |
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Edwards House |
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- |
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Edwards House |
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100.00% |
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Edwards House |
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100.00% |
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Edwards House |
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100.00% |
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Edwards House |
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100.00% |
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Edwards House |
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100.00% |
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Edwards House |
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50.00% |
Capital and Reserves | Profit/(loss) | |
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£ | £ | |
Edwards Homes Ltd |
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Oakley Grange Open Space Management Ltd |
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Edwards Homes (St Helens) Ltd |
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Edwards Homes (Mayfield) Ltd |
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Edwards Homes Developments Ltd |
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Mayfield Open Space Management Ltd |
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( |
Canal Walk Christleton Ltd |
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Broad Oak Open Space Management Ltd |
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Edwards Homes (Hollybrook Park) Ltd |
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Name of undertaking | Registered Number |
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13937967 |
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10851453 |
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06757543 |
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11019891 |
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10428997 |
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12137890 |
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15059670 |
2024 | 2023 as restated |
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£ | £ | ||
Stock |
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Work in progress |
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Group | Company | ||||||
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2024 | 2023 as restated |
2024 | 2023 as restated |
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£ | £ | £ | £ | ||||
Due within one year | |||||||
Trade debtors | - |
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Other debtors | 817,388 | 175,229 | - | - | |||
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Group | ||||
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2024 | 2023 as restated |
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£ | £ | |||
Trade creditors |
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Bank loans and overdrafts |
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Other loans | - |
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Other creditors | 12,197 | 110,870 | ||
Corporation tax |
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Taxation and social security | 11,914 | 38,299 | ||
Accruals and deferred income |
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Group | ||||
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2024 | 2023 as restated |
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£ | £ | |||
Bank loans |
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Other creditors | - | 47,437 | ||
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Group | ||||
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2024 | 2023 as restated |
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£ | £ | |||
Amounts falling due within one year or on demand: | ||||
Bank loans |
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Other loans | - |
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Group | ||||
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2024 | 2023 as restated |
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£ | £ | |||
Amounts falling due between one and five years: | ||||
Bank loans |
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2024 | 2023 as restated |
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---|---|---|---|
£ | £ | ||
Other timing differences | 95,317 | 97,893 | |
Group | ||
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Deferred Tax | Total | |
£ | £ | |
As at 1 February 2023 |
|
97,893 |
Utilised |
( |
(2,576) |
Balance at 31 January 2024 |
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95,317 |
As at 1 February 2023 | Amounts advanced | Amounts repaid | Amounts written off | As at 31 January 2024 | |
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£ | £ | £ | £ | £ | |
Mr Neil Edwards |
( |
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- |
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2024 | 2023 as restated |
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£ | £ | ||
On equity shares: | |||
Final dividend paid | - |
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