Company Registration No. 12613774 (England and Wales)
Excalibur Investments And Holdings Ltd
Unaudited accounts
for the year ended 31 May 2024
Excalibur Investments And Holdings Ltd
Unaudited accounts
Contents
Excalibur Investments And Holdings Ltd
Company Information
for the year ended 31 May 2024
Company Number
12613774 (England and Wales)
Registered Office
Cliffside West Cliff
Porthtowan
Truro
TR4 8AE
England
Accountants
Forth Accountancy
The Ground Floor Office
5 Market Square
Mevagissey
ST. AUSTELL
Cornwall
PL26 6UD
Excalibur Investments And Holdings Ltd
Statement of financial position
as at 31 May 2024
Tangible assets
21,329
26,344
Investment property
926,000
926,000
Cash at bank and in hand
4,614
957
Creditors: amounts falling due within one year
(1,003,024)
(972,406)
Net current liabilities
(997,565)
(971,449)
Total assets less current liabilities
(50,236)
(19,105)
Provisions for liabilities
Deferred tax
(66,500)
(66,500)
Net liabilities
(116,736)
(85,605)
Called up share capital
1
1
Revaluation reserve
199,682
199,682
Profit and loss account
(316,419)
(285,288)
Shareholders' funds
(116,736)
(85,605)
For the year ending 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 25 February 2025 and were signed on its behalf by
Sophie Todd
Director
Company Registration No. 12613774
Excalibur Investments And Holdings Ltd
Notes to the Accounts
for the year ended 31 May 2024
Excalibur Investments And Holdings Ltd is a private company, limited by shares, registered in England and Wales, registration number 12613774. The registered office is Cliffside West Cliff, Porthtowan, Truro, TR4 8AE, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Motor vehicles
25% Reducing Balance
Fixtures & fittings
20% Straight Line
Computer equipment
33% Straight Line
4
Tangible fixed assets
Motor vehicles
Fixtures & fittings
Computer equipment
Total
Cost or valuation
At cost
At cost
At cost
At 1 June 2023
26,220
14,175
1,652
42,047
At 31 May 2024
26,220
15,588
1,652
43,460
At 1 June 2023
15,158
-
545
15,703
Charge for the year
2,766
3,117
545
6,428
At 31 May 2024
17,924
3,117
1,090
22,131
At 31 May 2024
8,296
12,471
562
21,329
At 31 May 2023
11,062
14,175
1,107
26,344
Fair value at 1 June 2023
926,000
Excalibur Investments And Holdings Ltd
Notes to the Accounts
for the year ended 31 May 2024
Amounts falling due within one year
Accrued income and prepayments
766
-
7
Creditors: amounts falling due within one year
2024
2023
Other creditors
(97,893)
(40,187)
Loans from directors
1,095,031
1,012,593
Included within creditors is amounts owed to the Director of £1,095,031, (2023: total £1,012,593)
There is also the amount of £97,893 shown as a negative creditor (2023: £40,187) which is made up of expenses incurred by the Director on behalf of the other Company of which they are a Director. The net effect of the totals is the balance of the Directors loan account as at the year end. No interest is charged on the loan and there are no fixed repayment terms.payment terms
8
Average number of employees
During the year the average number of employees was 1 (2023: 1).