REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
ESPALIER DEVELOPMENTS (MILLENDREATH) |
LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2024 |
FOR |
ESPALIER DEVELOPMENTS (MILLENDREATH) |
LIMITED |
ESPALIER DEVELOPMENTS (MILLENDREATH) |
LIMITED (REGISTERED NUMBER: 05507868) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
ESPALIER DEVELOPMENTS (MILLENDREATH) |
LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
15 West Street |
Brighton |
East Sussex |
BN1 2RL |
ESPALIER DEVELOPMENTS (MILLENDREATH) |
LIMITED (REGISTERED NUMBER: 05507868) |
BALANCE SHEET |
31 JULY 2024 |
2024 | 2023 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investments | 3 |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Share premium |
Retained earnings | ( |
) | ( |
) |
SHAREHOLDERS' FUNDS | ( |
) |
The director acknowledges his 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 were approved by the director and authorised for issue on |
ESPALIER DEVELOPMENTS (MILLENDREATH) |
LIMITED (REGISTERED NUMBER: 05507868) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 JULY 2024 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
These financial statements have been prepared on the basis that the company will continue to be a going concern. If this assumption is not considered valid, then adjustments would need to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that might arise and to reclassify fixed assets and long term liabilities as current assets and liabilities. |
Turnover |
Turnover represents sales of services net of VAT. Turnover is recognised at the point the customer is entitled to consideration. |
Turnover represents the following types of income; |
- Retail income |
All income is recognised on a receivable basis. |
2. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
3. | FIXED ASSET INVESTMENTS |
Other |
investments |
£ |
COST |
At 1 August 2023 |
and 31 July 2024 |
NET BOOK VALUE |
At 31 July 2024 |
At 31 July 2023 |
The company's investments at the Balance Sheet date in the share capital of companies include the following: |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
2024 | 2023 |
£ | £ |
Aggregate capital and reserves |
Loss for the year | ( |
) |
Registered office: |
Nature of business: |
% |
Class of shares: | holding |
2024 | 2023 |
£ | £ |
Aggregate capital and reserves |
Loss for the year | ( |
) |
ESPALIER DEVELOPMENTS (MILLENDREATH) |
LIMITED (REGISTERED NUMBER: 05507868) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31 JULY 2024 |
3. | FIXED ASSET INVESTMENTS - continued |
The investments have been impaired to the shareholding value based on the current value of the companies. |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade debtors |
Orange Valley loan | - | 6,297,500 |
VAT |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Other creditors |
Accrued expenses |
6. | ULTIMATE CONTROLLING PARTY |
The controlling party is Espalier Ventures Limited. |
The ultimate controlling party is |
This was by virtue of the share-for-share exchange that occurred when the company was acquired by Espalier Ventures Limited. |
7. | INTERCOMPANY TRANSACTIONS - CREDITORS |
During the year ended 31 July 2024, Espalier Developments (Millendreath) Limited had the following movements in intercompany creditor balances: |
% Holding | July 2024 | July 2023 | Movement |
Espalier Ventures Limited | 100 | - | 4,044,754 | 4,044,754 |
- | 4,044,754 | 4,044,754 |
A J Colin is a shareholder in the companies listed above at the percentages shown. |
During the year part of the loan was repaid, with the exception of £2,396,107 which was written off to the profit and loss account clearing the balance down to nil. |