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Financial Statements |
Contents |
Page |
Strategic report |
1 |
Director's report |
2 |
Director's responsibilities statement |
3 |
Independent auditor's report to the members |
4 |
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 financial statements |
15 |
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Strategic Report |
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Director |
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Registered office: |
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Director's Report |
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Director |
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Registered office: |
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Director's Responsibilities Statement |
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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 |
Suite 1, First floor |
1 Duchess Street |
London |
W1W 6AN |
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Consolidated Statement of Comprehensive Income |
2024 |
2023 |
||
Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------- |
------------ |
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Gross profit |
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Administrative expenses |
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Investment property fair value adjustment |
– |
172,020 |
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------------ |
------------ |
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Operating profit |
5 |
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Interest payable and similar expenses |
9 |
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------------ |
------------ |
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Profit before taxation |
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Tax on profit |
10 |
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--------- |
--------- |
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Profit for the financial year and total comprehensive income |
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--------- |
--------- |
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The owners of the parent company |
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Non-controlling interests |
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--------- |
--------- |
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--------- |
--------- |
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Consolidated Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Tangible assets |
12 |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
– |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
17 |
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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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Creditors: amounts falling due after more than one year |
18 |
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Provisions |
20 |
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------------ |
------------ |
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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 |
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------------ |
------------ |
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Equity attributable to the owners of the parent company |
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Non-controlling interests |
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------------ |
------------ |
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------------ |
------------ |
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Director |
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Company Statement of Financial Position |
2024 |
2023 |
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Note |
£ |
£ |
Tangible assets |
12 |
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Investments |
13 |
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--------- |
--------- |
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Stocks |
14 |
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Debtors |
15 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
17 |
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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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Creditors: amounts falling due after more than one year |
18 |
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Provisions |
20 |
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------------ |
------------ |
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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 |
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--------- |
------------ |
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Shareholders funds |
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--------- |
------------ |
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Director |
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Consolidated Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Equity attributable to the owners of the parent company |
Non-controlling interests |
Total |
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£ |
£ |
£ |
£ |
£ |
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At 1 April 2022 |
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Profit for the year |
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---- |
------------ |
------------ |
--------- |
------------ |
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Total comprehensive income for the year |
– |
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Dividends paid and payable |
11 |
– |
(
|
(
|
– |
(
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---- |
------------ |
------------ |
--------- |
------------ |
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Total investments by and distributions to owners |
– |
(
|
(
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– |
(
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At 31 March 2023 |
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Profit for the year |
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---- |
------------ |
------------ |
--------- |
------------ |
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Total comprehensive income for the year |
– |
|
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|
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Dividends paid and payable |
11 |
– |
(
|
(
|
– |
(
|
---- |
-------- |
-------- |
---- |
-------- |
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Total investments by and distributions to owners |
– |
(
|
(
|
– |
(
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---- |
------------ |
------------ |
--------- |
------------ |
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At 31 March 2024 |
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---- |
------------ |
------------ |
--------- |
------------ |
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Company Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
||
£ |
£ |
£ |
||
At 1 April 2022 |
|
|
|
|
Loss for the year |
(
|
(
|
||
---- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
(
|
(
|
|
Dividends paid and payable |
11 |
– |
(
|
(
|
---- |
------------ |
------------ |
||
Total investments by and distributions to owners |
– |
(
|
(
|
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At 31 March 2023 |
|
|
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Loss for the year |
(
|
(
|
||
---- |
------------ |
------------ |
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Total comprehensive income for the year |
– |
(
|
(
|
|
Dividends paid and payable |
11 |
– |
(
|
(
|
---- |
-------- |
-------- |
||
Total investments by and distributions to owners |
– |
(
|
(
|
|
---- |
--------- |
--------- |
||
At 31 March 2024 |
|
|
|
|
---- |
--------- |
--------- |
||
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Consolidated Statement of Cash Flows |
2024 |
2023 |
|
Note |
£ |
£ |
Profit for the financial year |
|
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Adjustments for: |
||
Depreciation of tangible assets |
|
|
Fair value adjustment of investment property |
– |
172,020 |
Interest payable and similar expenses |
|
|
Gains on disposal of tangible assets |
(
|
(
|
Tax on loss |
|
|
Accrued (income)/expenses |
(
|
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Changes in: |
||
Stocks |
(
|
(
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Trade and other debtors |
(
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(
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Trade and other creditors |
|
|
--------- |
------------ |
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Cash generated from operations |
(
|
(
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Interest paid |
(
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(
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Tax paid |
(
|
(
|
--------- |
--------- |
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Net cash used in operating activities |
(
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(
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--------- |
--------- |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
|
|
--------- |
--------- |
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Net cash used in investing activities |
(
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(
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--------- |
--------- |
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Proceeds from borrowings |
(
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Payments of finance lease liabilities |
|
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Dividends paid |
(
|
(
|
--------- |
--------- |
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Net cash (used in)/from financing activities |
(
|
|
--------- |
--------- |
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Net (decrease)/increase in cash and cash equivalents |
(
|
|
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Cash and cash equivalents at beginning of year |
204,697 |
158,867 |
|
--------- |
--------- |
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Cash and cash equivalents at end of year |
16 |
(
|
|
--------- |
--------- |
||
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Notes to the Financial Statements |
Plant and machinery |
- |
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Motor vehicles |
- |
|
|
2024 |
2023 |
|
£ |
£ |
|
Cleaning services |
|
|
Maintenance & restoration |
|
|
Rental income |
|
|
------------- |
------------ |
|
|
|
|
------------- |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Depreciation of tangible assets |
|
|
Gains on disposal of tangible assets |
(
|
(
|
Impairment of trade debtors |
– |
(723) |
-------- |
-------- |
|
2024 |
2023 |
|
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
No. |
No. |
|
Production staff |
|
|
Administrative staff |
|
|
Management staff |
2 |
2 |
---- |
---- |
|
|
|
|
---- |
---- |
|
2024 |
2023 |
|
£ |
£ |
|
Wages and salaries |
|
|
Other pension costs |
|
|
------------ |
------------ |
|
|
|
|
------------ |
------------ |
|
2024 |
2023 |
|
£ |
£ |
|
Remuneration |
|
|
-------- |
------- |
|
2024 |
2023 |
|
£ |
£ |
|
Interest on banks loans and overdrafts |
|
|
Interest on obligations under finance leases and hire purchase contracts |
|
|
--------- |
--------- |
|
|
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
UK current tax income |
|
|
Origination and reversal of timing differences |
|
|
--------- |
--------- |
|
Tax on loss |
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
--------- |
--------- |
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Profit on ordinary activities by rate of tax |
|
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Effect of expenses not deductible for tax purposes |
|
|
Other timing differences |
12,799 |
36,968 |
--------- |
--------- |
|
Tax on loss |
|
|
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
|
|
-------- |
------- |
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Group |
Plant and machinery |
Motor vehicles |
Investment property |
Total |
£ |
£ |
£ |
£ |
|
Cost |
||||
At 1 April 2023 |
|
|
2,739,999 |
|
Additions |
|
|
– |
|
Disposals |
– |
(
|
– |
(
|
--------- |
--------- |
------------ |
------------ |
|
At 31 March 2024 |
|
|
2,739,999 |
|
--------- |
--------- |
------------ |
------------ |
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Depreciation |
||||
At 1 April 2023 |
|
|
– |
|
Charge for the year |
|
|
– |
|
Disposals |
– |
(
|
– |
(
|
--------- |
--------- |
------------ |
------------ |
|
At 31 March 2024 |
|
|
– |
|
--------- |
--------- |
------------ |
------------ |
|
Carrying amount |
||||
At 31 March 2024 |
|
|
2,739,999 |
|
--------- |
--------- |
------------ |
------------ |
|
At 31 March 2023 |
|
|
2,739,999 |
|
--------- |
--------- |
------------ |
------------ |
|
Company |
Investment property |
£ |
|
Cost |
|
At 1 April 2023 and 31 March 2024 |
|
--------- |
|
Depreciation |
|
At 1 April 2023 and 31 March 2024 |
– |
--------- |
|
Carrying amount |
|
At 31 March 2024 |
|
--------- |
|
At 31 March 2023 |
|
--------- |
|
Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 April 2023 and 31 March 2024 |
|
--------- |
|
Impairment |
|
At 1 April 2023 and 31 March 2024 |
– |
--------- |
|
Carrying amount |
|
At 1 April 2023 and 31 March 2024 |
|
--------- |
|
At 31 March 2023 |
|
--------- |
|
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
||
|
Ordinary |
100 |
|
Ordinary |
87 |
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Work in progress |
|
|
|
|
Finished goods and goods for resale |
|
– |
– |
– |
------------ |
------------ |
------------ |
------------ |
|
|
|
|
|
|
------------ |
------------ |
------------ |
------------ |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Amounts owed by group undertakings |
– |
– |
|
|
Prepayments and accrued income |
|
|
– |
– |
Director's loan account |
|
|
|
|
Other debtors |
|
|
|
|
------------ |
------------ |
--------- |
--------- |
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|
|
|
|
|
------------ |
------------ |
--------- |
--------- |
|
2024 |
2023 |
|
£ |
£ |
|
Cash at bank and in hand |
– |
|
Bank overdrafts |
(
|
– |
--------- |
--------- |
|
(
|
|
|
--------- |
--------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
|
|
Trade creditors |
|
|
|
|
Amounts owed to group undertakings |
– |
– |
|
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Accruals and deferred income |
|
|
|
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Corporation tax |
|
|
– |
– |
Social security and other taxes |
|
|
– |
– |
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
Other creditors |
|
|
|
|
------------ |
------------ |
--------- |
--------- |
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|
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|
------------ |
------------ |
--------- |
--------- |
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Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Bank loans and overdrafts |
|
|
|
|
Obligations under finance leases and hire purchase contracts |
|
|
– |
– |
------------ |
------------ |
--------- |
--------- |
|
|
|
|
|
|
------------ |
------------ |
--------- |
--------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Not later than 1 year |
|
|
|
|
Later than 1 year and not later than 5 years |
|
|
|
|
-------- |
-------- |
-------- |
-------- |
|
|
|
|
|
|
-------- |
-------- |
-------- |
-------- |
|
Group |
Deferred tax (note 21) |
£ |
|
At 1 April 2023 |
|
Charge against provision |
|
-------- |
|
At 31 March 2024 |
|
-------- |
|
Company |
Deferred tax (note 21) |
£ |
|
At 1 April 2023 |
|
------- |
|
At 31 March 2024 |
|
------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Included in provisions (note 20) |
|
|
|
|
-------- |
-------- |
------- |
------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
£ |
£ |
£ |
£ |
|
Accelerated capital allowances |
|
|
– |
– |
Revaluation of tangible assets |
|
|
– |
|
-------- |
-------- |
---- |
------- |
|
47,641 |
46,696 |
– |
6,242 |
|
-------- |
-------- |
---- |
------- |
|
2024 |
2023 |
|||
No. |
£ |
No. |
£ |
|
|
|
200 |
|
200 |
---- |
---- |
---- |
---- |
|
At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
(204,697) |
– |
Bank overdrafts |
– |
(163,914) |
(163,914) |
Debt due within one year |
(121,718) |
28,995 |
(92,723) |
Debt due after one year |
(2,931,653) |
13,174 |
(2,918,479) |
------------ |
--------- |
------------ |
|
(
|
(
|
(
|
|
------------ |
--------- |
------------ |
|
|
Notes to the Financial Statements (continued) |
2024 |
|||||
Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
|
|
(
|
|
|
-------- |
-------- |
-------- |
------- |
||
2023 |
|||||
Balance brought forward |
Advances/ (credits) to the director |
Amounts repaid |
Balance outstanding |
||
£ |
£ |
£ |
£ |
||
|
|
|
(
|
|
|
---- |
-------- |
------- |
-------- |
||