|
|
For the year ended |
|
|
Financial Statements |
Contents |
Pages |
Officers and professional advisers |
1 |
Strategic report |
2 to 3 |
Directors' report |
4 to 5 |
Independent auditor's report to the members |
6 to 8 |
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 to 21 |
|
Officers and Professional Advisers |
The Board of Directors |
|
|
|
Registered Office |
|
|
|
|
|
United Kingdom |
|
|
|
Auditor |
|
Chartered Accountants & Statutory Auditor |
|
17 Walkergate |
|
Berwick Upon Tweed |
|
United Kingdom |
|
TD15 1DJ |
|
|
Strategic Report |
|
Director |
Registered office: |
|
|
|
United Kingdom |
|
|
Directors' Report |
|
|
|
(Appointed
|
|
Director |
Registered office: |
|
|
|
United Kingdom |
|
|
Independent Auditor's Report to the Members of
|
|
(Senior Statutory Auditor) |
For and on behalf of |
|
Chartered Accountants & Statutory Auditor |
17 Walkergate |
Berwick Upon Tweed |
United Kingdom |
TD15 1DJ |
|
Consolidated Statement of Comprehensive Income |
Period from |
||
Year to |
1 Jul 22 to |
|
31 Mar 24 |
31 Mar 23 |
|
(restated) |
||
Note |
£ |
£ |
Turnover |
4 |
|
|
Cost of sales |
(
|
(
|
------------ |
------------- |
|
Gross profit |
|
|
Administrative expenses |
(
|
(
|
------------ |
------------ |
|
Operating profit |
|
|
Other interest receivable and similar income |
7 |
|
|
------------ |
------------ |
||
Profit before taxation |
|
|
|
Tax on profit |
8 |
(
|
(
|
------------ |
------------ |
||
Profit for the financial year and total comprehensive income |
|
|
|
------------ |
------------ |
||
|
Consolidated Statement of Financial Position |
2024 |
2023 |
||
(restated) |
|||
Note |
£ |
£ |
|
Debtors |
11 |
|
|
|
Cash at bank and in hand |
|
|
||
------------- |
------------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
12 |
|
|
|
------------- |
------------- |
|||
Net current assets |
|
|
||
------------- |
------------- |
|||
Total assets less current liabilities |
|
|
||
------------- |
------------- |
|||
Net assets |
|
|
||
------------- |
------------- |
|||
Called up share capital |
13 |
|
|
|
Profit and loss account |
|
|
||
------------- |
------------- |
|||
Shareholders funds |
|
|
||
------------- |
------------- |
|||
|
Director |
|
Company Statement of Financial Position |
2024 |
2023 |
||
Note |
£ |
£ |
|
Investments |
10 |
|
|
|
Debtors |
11 |
– |
|
|
Cash at bank and in hand |
|
|
||
---- |
------- |
|||
|
|
|||
Creditors: amounts falling due within one year |
12 |
|
|
|
-------- |
------- |
|||
Net current liabilities |
|
|
||
-------- |
------- |
|||
Total assets less current liabilities |
(
|
(
|
||
-------- |
------- |
|||
Net liabilities |
(
|
(
|
||
-------- |
------- |
|||
Called up share capital |
13 |
|
|
|
Profit and loss account |
(
|
(
|
||
-------- |
------- |
|||
Shareholders deficit |
(
|
(
|
||
-------- |
------- |
|||
|
Director |
|
Consolidated Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
|
£ |
£ |
£ |
|
At 1 July 2022 |
|
|
|
Profit for the year |
|
|
|
---- |
------------ |
------------ |
|
Total comprehensive income for the year |
– |
|
|
At 31 March 2023 |
|
|
|
Profit for the year |
|
|
|
---- |
------------- |
------------- |
|
Total comprehensive income for the year |
– |
|
|
---- |
------------- |
------------- |
|
At 31 March 2024 |
|
|
|
---- |
------------- |
------------- |
|
|
Company Statement of Changes in Equity |
Called up share capital |
Profit and loss account |
Total |
|
£ |
£ |
£ |
|
At 1 July 2022 |
|
(
|
(
|
Loss for the year |
(
|
(
|
|
---- |
------- |
------- |
|
Total comprehensive income for the year |
– |
(
|
(
|
At 31 March 2023 |
|
(
|
(
|
Loss for the year |
(
|
(
|
|
---- |
------- |
------- |
|
Total comprehensive income for the year |
– |
(
|
(
|
---- |
-------- |
-------- |
|
At 31 March 2024 |
|
(
|
(
|
---- |
-------- |
-------- |
|
|
Consolidated Statement of Cash Flows |
2024 |
2023 |
|
(restated) |
||
£ |
£ |
|
Profit for the financial year |
|
|
Adjustments for: |
||
Other interest receivable and similar income |
(
|
(
|
Tax on profit |
870,890 |
654,264 |
Accrued income |
(
|
(
|
Changes in: |
||
Trade and other debtors |
|
(
|
Trade and other creditors |
(
|
(
|
------------ |
------------ |
|
Cash generated from operations |
|
(
|
Interest received |
|
|
Tax received/(paid) |
|
(
|
------------ |
------------ |
|
Net cash from/(used in) operating activities |
|
(
|
------------ |
------------ |
|
Net increase/(decrease) in cash and cash equivalents |
|
(
|
Cash and cash equivalents at beginning of year |
824,267 |
10,291,754 |
------------ |
------------- |
|
Cash and cash equivalents at end of year |
|
|
------------ |
------------- |
|
|
Notes to the Financial Statements |
Period from |
||
Year to |
1 Jul 22 to |
|
31 Mar 24 |
31 Mar 23 |
|
(restated) |
||
£ |
£ |
|
Construction contracts |
|
|
------------ |
------------- |
|
Period from |
||
Year to |
1 Jul 22 to |
|
31 Mar 24 |
31 Mar 23 |
|
(restated) |
||
£ |
£ |
|
Fees payable for the audit of the financial statements |
|
|
-------- |
-------- |
|
2024 |
2023 |
|
No. |
No. |
|
Management staff |
2 |
2 |
---- |
---- |
|
Period from |
||
Year to |
1 Jul 22 to |
|
31 Mar 24 |
31 Mar 23 |
|
(restated) |
||
£ |
£ |
|
Interest on cash and cash equivalents |
|
|
Other interest receivable and similar income |
|
|
--------- |
-------- |
|
|
|
|
--------- |
-------- |
|
Period from |
||
Year to |
1 Jul 22 to |
|
31 Mar 24 |
31 Mar 23 |
|
(restated) |
||
£ |
£ |
|
UK current tax income |
|
|
Adjustments in respect of prior periods |
(
|
(
|
--------- |
--------- |
|
Total current tax |
|
|
--------- |
--------- |
|
Tax on profit |
|
|
--------- |
--------- |
|
Period from |
||
Year to |
1 Jul 22 to |
|
31 Mar 24 |
31 Mar 23 |
|
(restated) |
||
£ |
£ |
|
Profit on ordinary activities before taxation |
|
|
------------ |
------------ |
|
Profit on ordinary activities by rate of tax |
|
|
Adjustment to tax charge in respect of prior periods |
(1,152) |
(
|
------------ |
------------ |
|
Tax on loss |
|
|
------------ |
------------ |
|
2024 |
2023 |
||
£ |
£ |
||
Capital Commitments |
– |
1,353,143 |
|
---- |
------------ |
||
Company |
Shares in group undertakings |
£ |
|
Cost |
|
At 1 April 2023 as restated and 31 March 2024 |
|
---- |
|
Impairment |
|
At 1 April 2023 as restated and 31 March 2024 |
– |
---- |
|
Carrying amount |
|
At 1 April 2023 and 31 March 2024 |
|
---- |
|
At 31 March 2023 |
|
---- |
|
Registered office |
Class of share |
Percentage of shares held |
|
Subsidiary undertakings |
|||
|
Estate Office |
Ordinary A Shares shares of £0.01 each |
100 |
8 Park Village West |
Ordinary B Shares shares of £0.01 each |
100 |
|
London |
|||
United Kingdom |
|||
NW1 4AE |
|||
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
(restated) |
(restated) |
|||
£ |
£ |
£ |
£ |
|
Trade debtors |
|
|
– |
– |
Amounts owed by group undertakings |
– |
– |
– |
|
Amounts owed by undertakings in which the company has a participating interest |
|
|
– |
– |
Prepayments and accrued income |
|
|
– |
– |
Corporation tax repayable |
|
|
– |
– |
Drawdown balance |
58,240 |
973,609
|
– |
– |
Other debtors |
|
|
– |
– |
------------- |
------------- |
---- |
------- |
|
|
|
– |
|
|
------------- |
------------- |
---- |
------- |
|
Group |
Company |
|||
2024 |
2023 |
2024 |
2023 |
|
(restated) |
(restated) |
|||
£ |
£ |
£ |
£ |
|
Trade creditors |
|
|
– |
– |
Accruals and deferred income |
|
|
|
|
Social security and other taxes |
– |
|
– |
– |
Amounts owed to related parties |
|
|
|
|
Other creditors |
|
|
|
|
------------ |
------------ |
-------- |
------- |
|
|
|
|
|
|
------------ |
------------ |
-------- |
------- |
|
2024 |
2023 |
|||
(restated) |
||||
No. |
£ |
No. |
£ |
|
|
|
2 |
|
2 |
------- |
---- |
------- |
---- |
|
At 1 Apr 2023 |
Cash flows |
At 31 Mar 2024 |
|
£ |
£ |
£ |
|
Cash at bank and in hand |
|
6,361,431 |
|
--------- |
------------ |
------------ |
|