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REGISTERED NUMBER: 03056453 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Ampleglass Limited

Ampleglass Limited (Registered number: 03056453)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


Ampleglass Limited

Company Information
for the Year Ended 30 June 2024







DIRECTORS: M D Hatt
Mrs H Derham-Hatt





REGISTERED OFFICE: Hilltop Barn
Cotheridge
Worcester
WR6 5LX





REGISTERED NUMBER: 03056453 (England and Wales)





ACCOUNTANTS: Davies Archytas Accountants Ltd
14 The Oaks
Clews Road
Redditch
Worcestershire
B98 7ST

Ampleglass Limited (Registered number: 03056453)

Abridged Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 72,086 17,996
Investment property 5 3,267,500 3,060,000
3,339,586 3,077,996

CURRENT ASSETS
Debtors 6,452 1,412
Cash at bank 25,191 34,862
31,643 36,274
CREDITORS
Amounts falling due within one year 58,439 29,253
NET CURRENT (LIABILITIES)/ASSETS (26,796 ) 7,021
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,312,790

3,085,017

CREDITORS
Amounts falling due after more than one year 6 (160,775 ) (142,499 )

PROVISIONS FOR LIABILITIES (258,594 ) (209,211 )
NET ASSETS 2,893,421 2,733,307

CAPITAL AND RESERVES
Called up share capital 9 53,339 53,339
Fair value reserve 10 1,702,094 1,546,469
Capital redemption reserve 12 12
Retained earnings 1,137,976 1,133,487
SHAREHOLDERS' FUNDS 2,893,421 2,733,307

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

Ampleglass Limited (Registered number: 03056453)

Abridged Statement of Financial Position - continued
30 June 2024


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 30 June 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 19 October 2024 and were signed on its behalf by:





M D Hatt - Director


Ampleglass Limited (Registered number: 03056453)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Ampleglass 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. 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at the most recent valuation and the revaluation of investment property has been considered for the year ended 30 June 2024.

Current market conditions indicate that the total property held has a fair value of £3,267,500.

Any revaluation adjustments in the year have been reflected in the profit and loss account and fair value reserve accordingly.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Ampleglass Limited (Registered number: 03056453)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 July 2023 77,961
Additions 78,118
At 30 June 2024 156,079
DEPRECIATION
At 1 July 2023 59,965
Charge for year 24,028
At 30 June 2024 83,993
NET BOOK VALUE
At 30 June 2024 72,086
At 30 June 2023 17,996

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 3,060,000
Revaluations 207,500
At 30 June 2024 3,267,500
NET BOOK VALUE
At 30 June 2024 3,267,500
At 30 June 2023 3,060,000

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 156,903
Valuation in 2021 383,425
Valuation in 2023 99,000
Valuation in 2024 207,500
Cost 2,420,672
3,267,500

Ampleglass Limited (Registered number: 03056453)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. INVESTMENT PROPERTY - continued

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

30.6.24 30.6.23
£    £   
Cost 2,420,672 2,420,672

Land and buildings were valued on a fair value basis on 30 June 2024 by comparing local property valuations .

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.6.24 30.6.23
£    £   
Repayable by instalments
Bank loans more than 5 years
by instalments 90,835 90,835
90,835 90,835

7. LOANS

An analysis of the maturity of loans is given below:

30.6.24 30.6.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 51,664 51,664

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years
by instalments 90,835 90,835
90,835 90,835

Ampleglass Limited (Registered number: 03056453)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 142,499 142,499
Hire purchase contracts 23,900 674
166,399 143,173

The bank loans are secured upon the properties held within investment property.

Hire purchase liabilities are secured upon the assets to which they relate.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
53,339 Ordinary £1 53,339 53,339

10. RESERVES
Fair
value
reserve
£   
At 1 July 2023 1,546,469
Transfer to fair value reserve 155,625

At 30 June 2024 1,702,094

11. CONTROLLING PARTY

The controlling party throughout the year was Hattkane Properties Limited by virtue of their 100% holding in the issued share capital of the company.