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For the year ended |
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Consolidated Financial Statements |
Contents |
Page |
Officers and professional advisers |
1 |
Strategic report |
2 |
Directors' report |
3 |
Independent auditor's report to the members |
5 |
Consolidated statement of comprehensive income |
9 |
Consolidated statement of financial position |
10 |
Company statement of financial position |
11 |
Consolidated statement of changes in equity |
12 |
Company statement of changes in equity |
13 |
Consolidated statement of cash flows |
14 |
Notes to the consolidated financial statements |
15 |
|
Officers and Professional Advisers |
The board of directors |
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Registered office |
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England |
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Auditor |
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Chartered accountants & statutory auditor |
|
46 Syon Lane |
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Isleworth |
|
Middlesex |
|
TW7 5NQ |
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Strategic Report |
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Director |
Director |
Registered office: |
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England |
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Directors' Report |
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Director |
Director |
Registered office: |
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England |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
For and on behalf of |
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Chartered accountants & statutory auditor |
46 Syon Lane |
Isleworth |
Middlesex |
TW7 5NQ |
|
Consolidated Statement of Comprehensive Income |
2024 |
2023 |
||||||
Continuing operations |
Discont'd operations |
Total |
Continuing operations |
Discont'd operations |
Total |
||
Note |
£ |
£ |
£ |
£ |
£ |
£ |
|
Turnover |
4 |
|
– |
|
– |
|
|
-------- |
---- |
-------- |
---- |
------------- |
------------- |
|
Gross profit |
|
– |
|
– |
|
|
Administrative expenses |
(
|
– |
(
|
(
|
(
|
(
|
|
Other operating income |
5 |
– |
– |
– |
|
|
|
--------- |
---- |
--------- |
--------- |
------------- |
------------- |
||
Operating (loss)/profit |
6 |
(
|
– |
(
|
|
(
|
|
Income from shares in group undertakings |
10 |
– |
– |
– |
|
– |
|
Exceptional items |
11 |
– |
– |
– |
|
– |
|
Other interest receivable and similar income |
12 |
|
– |
|
|
– |
|
Interest payable and similar expenses |
13 |
– |
– |
– |
(
|
(
|
(
|
--------- |
---- |
--------- |
------------ |
------------- |
------------- |
||
Profit before taxation |
|
– |
|
|
(
|
|
|
Tax on profit |
14 |
(
|
– |
(
|
(
|
– |
(
|
-------- |
---- |
-------- |
------------ |
--------- |
------------ |
||
Profit for the financial year and total comprehensive income |
|
– |
|
|
(
|
|
|
-------- |
---- |
-------- |
------------ |
--------- |
------------ |
||
The owners of the parent company |
|
|
||||
Non-controlling interests |
– |
(
|
||||
-------- |
------------ |
|||||
|
1,910,351
|
|||||
-------- |
------------ |
|||||
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Consolidated Statement of Financial Position |
2024 |
2023 |
|
Note |
£ |
£ |
Investments |
16 |
|
|
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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------------ |
------------ |
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Net current assets |
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|
------------ |
------------ |
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Total assets less current liabilities |
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Provisions |
19 |
|
|
------------ |
------------ |
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Net assets |
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|
|
------------ |
------------ |
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Called up share capital |
23 |
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Other reserves |
24 |
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Profit and loss account |
24 |
|
|
------------ |
------------ |
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Shareholders funds |
|
|
|
------------ |
------------ |
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|
Director |
Director |
|
Company Statement of Financial Position |
2024 |
2023 |
|
Note |
£ |
£ |
Investments |
16 |
|
|
Debtors |
17 |
|
|
Cash at bank and in hand |
|
|
|
------------ |
------------ |
||
|
|
||
Creditors: amounts falling due within one year |
18 |
|
|
------------ |
------------ |
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Net current assets |
|
|
|
------------ |
------------ |
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Total assets less current liabilities |
|
|
|
------------ |
------------ |
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Net assets |
|
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|
------------ |
------------ |
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Called up share capital |
23 |
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Profit and loss account |
24 |
|
|
------------ |
------------ |
||
Shareholders funds |
|
|
|
------------ |
------------ |
||
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Director |
Director |
|
Consolidated Statement of Changes in Equity |
Called up share capital |
Other reserves |
Profit and loss account |
Total |
||
£ |
£ |
£ |
£ |
||
At 1 May 2022 (as previously reported) |
|
– |
|
|
|
Effects of changes in accounting policies |
– |
198,817 |
(198,817) |
– |
|
---- |
--------- |
------------ |
------------ |
||
At 1 May 2022 (restated) |
|
|
|
|
|
---- |
--------- |
------------ |
------------ |
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Profit for the year |
|
1,944,658
|
|||
---- |
--------- |
------------ |
------------ |
||
Total comprehensive income for the year |
– |
– |
|
1,944,658
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|
Dividends paid and payable |
15 |
– |
– |
(
|
(
|
---- |
--------- |
------------ |
------------ |
||
Total investments by and distributions to owners |
– |
– |
(
|
(
|
|
At 30 April 2023 (as previously reported) |
|
|
|
|
|
Effects of changes in accounting policies |
– |
– |
198,817 |
198,817 |
|
---- |
--------- |
------------ |
------------ |
||
At 30 April 2023 (restated) |
|
|
|
|
|
---- |
--------- |
------------ |
------------ |
||
Profit for the year |
|
|
|||
---- |
--------- |
------------ |
------------ |
||
Total comprehensive income for the year |
– |
– |
|
|
|
Dividends paid and payable |
15 |
– |
– |
(
|
(
|
---- |
---- |
-------- |
-------- |
||
Total investments by and distributions to owners |
– |
– |
(
|
(
|
|
---- |
--------- |
------------ |
------------ |
||
At 30 April 2024 |
|
|
|
|
|
---- |
--------- |
------------ |
------------ |
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Company Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
||
£ |
£ |
£ |
||
At 1 May 2022 |
|
|
|
|
Profit for the year |
|
|
||
---- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
|
|
|
Dividends paid and payable |
15 |
– |
(
|
(
|
---- |
------------ |
------------ |
||
Total investments by and distributions to owners |
– |
(
|
(
|
|
At 30 April 2023 |
|
|
|
|
Profit for the year |
|
|
||
---- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
|
|
|
Dividends paid and payable |
15 |
– |
(
|
(
|
---- |
-------- |
-------- |
||
Total investments by and distributions to owners |
– |
(
|
(
|
|
---- |
------------ |
------------ |
||
At 30 April 2024 |
|
|
|
|
---- |
------------ |
------------ |
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|
Consolidated Statement of Cash Flows |
2024 |
2023 |
|
£ |
£ |
|
Profit for the financial year |
|
1,910,351
|
Adjustments for: |
||
Depreciation of tangible assets |
– |
|
Fair value adjustment of investment property |
– |
(265,089) |
Government grant income |
– |
(
|
Income from shares in group undertakings |
– |
(
|
Exceptional items |
– |
(
|
Other interest receivable and similar income |
(
|
(
|
Interest payable and similar expenses |
– |
|
Tax on profit |
|
|
Accrued income |
(
|
(
|
Changes in: |
||
Trade and other debtors |
|
|
Trade and other creditors |
|
(
|
--------- |
------------ |
|
Cash generated from operations |
|
|
Interest paid |
– |
(
|
Interest received |
|
|
Tax paid |
– |
(
|
--------- |
--------- |
|
Net cash from operating activities |
|
|
--------- |
--------- |
|
Purchase of tangible assets |
– |
(
|
Proceeds from sale of tangible assets |
– |
|
Proceeds from sale of other investments |
– |
|
Dividends received |
– |
|
--------- |
--------- |
|
Net cash from investing activities |
– |
|
--------- |
--------- |
|
Proceeds from borrowings |
– |
(
|
Government grant income |
– |
|
Dividends paid |
(
|
(
|
--------- |
--------- |
|
Net cash used in financing activities |
(
|
(
|
--------- |
--------- |
|
Net increase in cash and cash equivalents |
|
|
Cash and cash equivalents at beginning of year |
3,630,124 |
2,695,050 |
------------ |
------------ |
|
Cash and cash equivalents at end of year |
|
|
------------ |
------------ |
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|
Notes to the Consolidated Financial Statements |
2024 |
2023 |
|
£ |
£ |
|
Sale of goods |
– |
|
Rental income |
|
– |
-------- |
------------- |
|
|
|
|
-------- |
------------- |
|
2024 |
2023 |
|
£ |
£ |
|
Rental income |
– |
|
Government grant income |
– |
|
Gain/loss on revaluation of investment property |
– |
265,090 |
---- |
--------- |
|
– |
|
|
---- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible assets |
– |
|
Impairment of trade debtors |
– |
2,325 |
---- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Fees payable for the audit of the consolidated financial statements |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
No. |
No. |
|
Administrative staff |
|
|
---- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
– |
|
Social security costs |
|
– |
Other pension costs |
– |
|
------- |
------------- |
|
|
|
|
------- |
------------- |
|
2024 |
2023 |
|
£ |
£ |
|
Remuneration |
– |
|
---- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Dividends from group undertakings |
– |
225,000 |
---- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
(Gain)/loss on disposal of other fixed asset investments |
– |
1,647,367 |
---- |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Interest on cash and cash equivalents |
|
|
--------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Interest on banks loans and overdrafts |
– |
|
---- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
UK current tax expense |
|
– |
Origination and reversal of timing differences |
– |
|
------- |
-------- |
|
Tax on profit |
|
|
------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
-------- |
------------ |
|
Profit on ordinary activities by rate of tax |
|
|
Effect of capital allowances and depreciation |
(
|
– |
Effect of revenue exempt from tax |
– |
(
|
Effect of different UK tax rates on some earnings |
(858) |
– |
Utilisation of tax losses |
(
|
– |
Unused tax losses |
– |
|
Deferred tax provision |
– |
66,273 |
-------- |
------------ |
|
Tax on profit |
|
|
-------- |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Dividends on equity shares |
|
|
-------- |
--------- |
|
Group |
Other investments other than loans |
£ |
|
Cost |
|
At 1 May 2023 and 30 April 2024 |
|
--------- |
|
Impairment |
|
At 1 May 2023 and 30 April 2024 |
– |
--------- |
|
Carrying amount |
|
At 1 May 2023 and 30 April 2024 |
|
--------- |
|
At 30 April 2023 |
|
--------- |
|
Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 May 2023 and 30 April 2024 |
|
---- |
|
Impairment |
|
At 1 May 2023 and 30 April 2024 |
– |
---- |
|
Carrying amount |
|
At 1 May 2023 and 30 April 2024 |
|
---- |
|
At 30 April 2023 |
|
---- |
|
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
||
|
Ordinary |
100 |
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
– |
|
– |
– |
Amounts owed by group undertakings |
– |
– |
|
|
Other debtors |
|
|
|
|
-------- |
-------- |
--------- |
--------- |
|
|
|
|
|
|
-------- |
-------- |
--------- |
--------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Accruals and deferred income |
|
|
|
|
Corporation tax |
|
– |
|
– |
Social security and other taxes |
|
|
– |
– |
Other creditors |
|
|
|
|
-------- |
-------- |
-------- |
-------- |
|
|
|
|
|
|
-------- |
-------- |
-------- |
-------- |
|
Group |
Deferred tax (note 20) |
£ |
|
At 1 May 2023 and 30 April 2024 |
|
-------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 19) |
|
|
– |
– |
-------- |
-------- |
---- |
---- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Other revaluations |
66,273 |
66,273 |
66,273 |
– |
-------- |
-------- |
-------- |
---- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Government grants recognised directly in income |
– |
|
– |
– |
---- |
-------- |
---- |
---- |
|
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
117 |
|
117 |
-------- |
---- |
-------- |
---- |
|
At 1 May 2023 |
Cash flows |
At 30 Apr 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
82,530 |
|
------------ |
-------- |
------------ |
|
Company |
Principal activities |
Registered office |
||
Alpencare Limited |
Property Investments |
46 Syon Lane, Isleworth, TW7 5NQ |
||
|
Notes to the Consolidated Financial Statements (continued) |