Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
31 October 2024
Directors | |
Company Secretary | M R Oakes |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 3 | |||||||
Investment property | 4 | |||||||
Current assets | ||||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 5 | ( | ( | |||||
Net current assets (liabilities) | ( | ( | ||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 6 | ( | ( | |||||
Provisions for liabilities | 7 | ( | ( | |||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ||||||||
Shareholders' funds |
The financial statements were approved and authorised for issue by the Board of Directors on 16 March 2025, and are signed on its behalf by: |
Director Registered Company No. 04571594 |
1. | Accounting policies |
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Statutory information | |
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Statement of compliance | |
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Basis of preparation | |
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Functional and presentation currency | |
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Judgements and key sources of estimation uncertainty | |
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In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods. The key estimate in these financial statements is the fair value of investment property. |
Turnover policy | |
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Current taxation | |
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Deferred tax | |
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Tangible fixed assets and depreciation | |
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Investment property | |
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Cash and cash equivalents | |
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Financial instruments | |
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2. | Average number of employees |
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2024 | 2023 | |||
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Average number of employees during the year |
3. | Tangible fixed assets |
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Vehicles | Fixtures & fittings | Total | ||||
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£ | £ | £ | ||||
Cost or valuation | ||||||
At 01 November 23 | ||||||
Disposals | ( | ( | ||||
At 31 October 24 | ||||||
Depreciation and impairment | ||||||
At 01 November 23 | ||||||
Charge for year | ||||||
Revaluation surplus | ( | ( | ||||
At 31 October 24 | ||||||
Net book value | ||||||
At 31 October 24 | ||||||
At 31 October 23 |
4. | Investment property |
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Investment property comprises freehold land and buildings. The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 October 2024 by the directors. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The original historic cost of the investments is £1,269,788. The below revaluation, together with the related deferred tax, totals £209,549 (2023 - £209,549) which is non-distributable and is currently held in retained earnings. |
£ | ||
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Fair value at 01 November 23 | ||
At 31 October 24 |
5. | Creditors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
6. | Creditors: amounts due after one year |
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2024 | 2023 | |||
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£ | £ | |||
Other creditors | ||||
Total |
7. | Provisions for liabilities |
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2024 | 2023 | |||
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£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |