IRIS Accounts Production v24.3.0.553 08422866 Board of Directors 1.9.23 31.8.24 31.8.24 false true false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh084228662023-08-31084228662024-08-31084228662023-09-012024-08-31084228662022-08-31084228662022-09-012023-08-31084228662023-08-3108422866ns15:EnglandWales2023-09-012024-08-3108422866ns14:PoundSterling2023-09-012024-08-3108422866ns10:Director12023-09-012024-08-3108422866ns10:PrivateLimitedCompanyLtd2023-09-012024-08-3108422866ns10:SmallEntities2023-09-012024-08-3108422866ns10:AuditExempt-NoAccountantsReport2023-09-012024-08-3108422866ns10:SmallCompaniesRegimeForDirectorsReport2023-09-012024-08-3108422866ns10:SmallCompaniesRegimeForAccounts2023-09-012024-08-3108422866ns10:FullAccounts2023-09-012024-08-3108422866ns10:Director22023-09-012024-08-3108422866ns10:RegisteredOffice2023-09-012024-08-3108422866ns5:CurrentFinancialInstruments2024-08-3108422866ns5:CurrentFinancialInstruments2023-08-3108422866ns5:ShareCapital2024-08-3108422866ns5:ShareCapital2023-08-3108422866ns5:RetainedEarningsAccumulatedLosses2024-08-3108422866ns5:RetainedEarningsAccumulatedLosses2023-08-3108422866ns5:CostValuation2023-08-31
REGISTERED NUMBER: 08422866 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 August 2024

for

Agma Holdings Limited

Agma Holdings Limited (Registered number: 08422866)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Agma Holdings Limited

Company Information
for the Year Ended 31 August 2024







DIRECTORS: Mr M P Franklin
Mrs M G Franklin





REGISTERED OFFICE: Gemini Works
Haltwhistle Industrial Estate
Haltwhistle
Northumberland
NE49 9HA





REGISTERED NUMBER: 08422866 (England and Wales)





ACCOUNTANTS: Evelyn Partners
17 Queens Lane
Newcastle upon Tyne
Tyne and Wear
NE1 1RN

Agma Holdings Limited (Registered number: 08422866)

Balance Sheet
31 August 2024

2024 2023
Notes £    £   
FIXED ASSETS
Investments 5 1,610,165 1,610,165

CURRENT ASSETS
Cash at bank 732,817 694,913

CREDITORS
Amounts falling due within one year 6 (361,188 ) (364,319 )
NET CURRENT ASSETS 371,629 330,594
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,981,794

1,940,759

CAPITAL AND RESERVES
Called up share capital 100 100
Profit and loss account 1,981,694 1,940,659
1,981,794 1,940,759

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 February 2025 and were signed on its behalf by:





Mr M P Franklin - Director


Agma Holdings Limited (Registered number: 08422866)

Notes to the Financial Statements
for the Year Ended 31 August 2024

1. STATUTORY INFORMATION

Agma Holdings Limited 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention.

Preparation of consolidated financial statements
The financial statements contain information about Agma Holdings Limited 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.

Investments in subsidiaries
Investments in subsidiary undertakings are accounted for at cost less impairment in the individual financial statements. Dividends are recognised in the profit and loss account when the right to receive payment is established.

Impairment of assets
At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

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 accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments on non-puttable ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss.

Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period.

Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments.

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 and other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Current and deferred tax assets and liabilities are not discounted.

Agma Holdings Limited (Registered number: 08422866)

Notes to the Financial Statements - continued
for the Year Ended 31 August 2024

3. ACCOUNTING POLICIES - continued

Employee benefits
Short term employee benefits including pension contributions to defined contribution schemes are recognised as an expense in the period in which they are incurred.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 September 2023
and 31 August 2024 1,610,165
NET BOOK VALUE
At 31 August 2024 1,610,165
At 31 August 2023 1,610,165

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 285,796 270,444
Taxation and social security 70,937 56,590
Other creditors 4,455 37,285
361,188 364,319