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REGISTERED NUMBER: 06833605 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2024

FOR

AGAMEMNON ESTATES LTD

AGAMEMNON ESTATES LTD (REGISTERED NUMBER: 06833605)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGAMEMNON ESTATES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mrs J L Shiner
Mr R E Shiner





SECRETARY: Mrs J L Shiner





REGISTERED OFFICE: Lower East Farm
Marston Hill
Marston Moretaine
Bedford
MK43 0QJ





REGISTERED NUMBER: 06833605 (England and Wales)





ACCOUNTANTS: Rawlinson Pryde & Partners
Chartered Certified Accountants
Argent House
5 Goldington Road
Bedford
Bedfordshire
MK40 3JY

AGAMEMNON ESTATES LTD (REGISTERED NUMBER: 06833605)

BALANCE SHEET
31 MAY 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,326,597 4,327,031
Investments 5 10 602,240
4,326,607 4,929,271

CURRENT ASSETS
Prepayments and accrued income 607 427
Cash at bank 866,483 71,291
867,090 71,718
CREDITORS
Amounts falling due within one year 6 224,388 254,495
NET CURRENT ASSETS/(LIABILITIES) 642,702 (182,777 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,969,309

4,746,494

PROVISIONS FOR LIABILITIES 7 (573,602 ) (597,694 )

ACCRUALS AND DEFERRED INCOME (5,255 ) (4,798 )
NET ASSETS 4,390,452 4,144,002

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 1,719,895 1,791,923
Retained earnings 2,670,457 2,351,979
SHAREHOLDERS' FUNDS 4,390,452 4,144,002

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

AGAMEMNON ESTATES LTD (REGISTERED NUMBER: 06833605)

BALANCE SHEET - continued
31 MAY 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 February 2025 and were signed on its behalf by:




Mrs J L Shiner - Director



Mr R E Shiner - Director


AGAMEMNON ESTATES LTD (REGISTERED NUMBER: 06833605)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2024

1. STATUTORY INFORMATION

Agamemnon Estates Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statements is the Pound Sterling (£).


2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Agamemnon Estates Ltd as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover represents rents receivable.

Rent receivable is recognised on a straight-line basis over the term of the relevant rental period. Expenses incurred in relation to the rental income are charged separately to profit or loss.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery - 20% on reducing balance

Freehold properties are shown at most recent valuation. Properties for which fair value can be measured reliably without undue cost or effort is measured at fair value at each reporting date. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss and at each reporting date is transferred, net of deferred tax, from retained earnings to a non-distributable fair value reserve.

Freehold properties are subject to valuation by the directors or by external valuers, determined on the fair value basis using the market approach: based on market transactions involving identical or similar assets.

No depreciation is provided for in respect of freehold properties in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland".

AGAMEMNON ESTATES LTD (REGISTERED NUMBER: 06833605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Fixed asset investments
Fixed asset investments are those which are expected to be held for a period of at least one year form the balance sheet date.

Fixed asset investments held in listed company shares are remeasured to the market value at each balance sheet date. The remeasured gains and loses are recognised in the profit or loss in the period.

The remeasured gains and loses are shown in the fair value reserve.

Interest income
Interest income is recognised in the profit or loss using the accruals basis.

Dividend and other investment income
Dividends and other investment income are recognised in the profit or loss when they are received.

Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at transaction price and measured at amortised cost using the effective interest method. Where investments in non-derivative financial instruments are publicly traded, or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value through profit and loss.

All other investments are subsequently measured at cost less impairment.

Debtors and creditors that fall due within one year are recorded in the financial statements at transaction price and then subsequently measured at amortised cost. If the effects of the time value of money are immaterial, they are measured at cost (less impairment for trade debtors). Debtors are reviewed for impairment at each reporting date and any impairments are recorded within profit or loss and shown within administrative expenses when there is objective evidence that a debtor is impaired. Objective evidence that a debtor is impaired arises when the customer is unable to settle amounts owing to the company or the customer becomes bankrupt. Debtors do not carry interest and are stated at their nominal value. Trade creditors are not interest-bearing and are stated at their nominal value.

Financial assets which are measured at cost or amortised cost are reviewed for objective evidence of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.

All equity instruments, regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment.

Other financial assets are either assessed individually or grouped on the basis of similar credit risk characteristics. Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset which exceeds what the carrying amount would have been had the impairment loss not previously been recognised.


AGAMEMNON ESTATES LTD (REGISTERED NUMBER: 06833605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Impairment
At each reporting date, tangible fixed assets are assessed to determine whether there is an indication that the carrying amount of an asset may be more than its recoverable amount and that the asset should be impaired. If there is an indication of possible impairment, the recoverable amount of an asset, which is the higher of its value in use and its net realisable value, is estimated and compared with its carrying amount. If the recoverable amount is lower, the carrying amount of the asset is written down to its estimated recoverable amount and an impairment loss is recognised in the profit and loss account for the period.

If the recoverable amount of a tangible fixed asset subsequently increases as a result of a change in economic conditions or in the expected use of the asset, the net book amount shall be written back to the lower of recoverable amount and the amount at which the asset would have been recorded had the original write-down not been made. A reversal of an impairment loss is recognised in the profit and loss account for the period.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

AGAMEMNON ESTATES LTD (REGISTERED NUMBER: 06833605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

4. TANGIBLE FIXED ASSETS
Freehold Plant and
property machinery Totals
£    £    £   
COST OR VALUATION
At 1 June 2023
and 31 May 2024 4,325,000 3,950 4,328,950
DEPRECIATION
At 1 June 2023 - 1,919 1,919
Charge for year - 434 434
At 31 May 2024 - 2,353 2,353
NET BOOK VALUE
At 31 May 2024 4,325,000 1,597 4,326,597
At 31 May 2023 4,325,000 2,031 4,327,031

Cost or valuation at 31 May 2024 is represented by:

Freehold Plant and
property machinery Totals
£    £    £   
Valuation in 2017 949,505 - 949,505
Valuation in 2020 283,689 - 283,689
Valuation in 2023 1,060,000 - 1,060,000
Cost 2,031,806 3,950 2,035,756
4,325,000 3,950 4,328,950

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

31.5.24 31.5.23
£    £   
Cost 2,031,806 2,031,806

Freehold land and buildings were valued on an open market basis on 31 May 2024 by directors .

AGAMEMNON ESTATES LTD (REGISTERED NUMBER: 06833605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

5. FIXED ASSET INVESTMENTS
Shares in Listed
group investments Totals
£    £    £   
COST OR VALUATION
At 1 June 2023 10 602,230 602,240
Disposals - (764,365 ) (764,365 )
Share of profit/(loss) - 22,463 22,463
Revaluations - 139,672 139,672
At 31 May 2024 10 - 10
NET BOOK VALUE
At 31 May 2024 10 - 10
At 31 May 2023 10 602,230 602,240

Cost or valuation at 31 May 2024 is represented by:

Shares in
group
£   
Cost 10

Listed investments were valued on an open market basis on 31 May 2024 by the directors .

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Amounts owed to group undertakings 82,913 104,613
Tax 81,825 20,369
Directors' current accounts 59,650 129,513
224,388 254,495

7. PROVISIONS FOR LIABILITIES
31.5.24 31.5.23
£    £   
Deferred tax 573,602 597,694

Deferred
tax
£   
Balance at 1 June 2023 597,694
Credit to Income Statement during year (24,092 )
Balance at 31 May 2024 573,602

AGAMEMNON ESTATES LTD (REGISTERED NUMBER: 06833605)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2024

8. RESERVES
Fair
value
reserve
£   
At 1 June 2023 1,791,923
Transfer between reserves (72,028 )

At 31 May 2024 1,719,895

The fair value reserve relates to a non-distributable fair value gain on the properties and listed investments and is shown net of deferred tax of £573,602.