Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
30 September 2024
Directors | |
Company Secretary | SHEARMAN, Tracy Elizabeth |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 3 | |||||||
Investment property | 4 | |||||||
Current assets | ||||||||
Debtors | 5 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 6 | ( | ( | |||||
Net current assets (liabilities) | ||||||||
Total assets less current liabilities | ||||||||
Net assets | ||||||||
Capital and reserves | ||||||||
Called up share capital | ||||||||
Profit and loss account | ||||||||
Shareholders' funds | 8 |
The financial statements were approved and authorised for issue by the Board of Directors on 27 February 2025, and are signed on its behalf by: |
Director Registered Company No. 03404620 |
1. | Accounting policies |
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Statutory information | |
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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 applying the company's accounting policies, the directors are required to make judgements, estimates and assumptions in determining the carrying amounts of assets and liabilities. The directors' judgements, estimates and assumptions are based on the best and most reliable evidence available at the time when the decisions are made, and are based on historical experience and other factors that are considered to be applicable. Due to the inherent subjectivity involved in making such judgements, estimates and assumptions, the actual results and outcomes may differ. 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, if the revision affects only that period, or in the period of the revision and future periods, if the revision affects both current and future periods. In assessing whether there have been any indicators of impairment of assets, the directors have considered both external and internal sources of information such as market conditions, consumer demands and the experience of recoverability. The directors have considered the specific estimates regarding the carrying value of the investment properties as explained in note 5. |
Turnover policy | |
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Operating leases | |
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Employee benefits | |
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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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Straight line (years) | ||
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Office Equipment |
Investment property | |
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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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Office Equipment | Total | |||
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£ | £ | |||
Cost or valuation | ||||
At 01 October 23 | ||||
At 30 September 24 | ||||
Depreciation and impairment | ||||
At 01 October 23 | ||||
Charge for year | ||||
At 30 September 24 | ||||
Net book value | ||||
At 30 September 24 | ||||
At 30 September 23 |
4. | Investment property |
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The investment properties were valued by the directors on an open market value for existing use basis as at 30 September 2024. On a historical cost basis the properties would have been included at an original cost of £2,253,762 (2023: £2,253,762). |
£ | ||
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Fair value at 01 October 23 | ||
At 30 September 24 |
5. | Debtors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade debtors / trade receivables | ||||
Other debtors | ||||
Prepayments and accrued income | ||||
Total |
6. | Creditors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Bank borrowings and overdrafts | ||||
Taxation and social security | ||||
Other creditors | ||||
Total |
7. | Other commitments |
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8. | Fair value reserve |
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Included within the reserves is a non-distributable reserve. This reserve records the cumulative fair value movements on investment properties valued above original cost. |
£ | ||
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Fair value reserve at 01 October 23 | ||
At 30 September 24 |