Registered Number
(England and Wales)
Unaudited Financial Statements for the Year ended
30 June 2024
Director |
Registered Address | |
Registered Number |
Notes | 2024 | 2023 | ||||||
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£ | £ | £ | £ | |||||
Fixed assets | ||||||||
Tangible assets | 4 | |||||||
Investment property | 6 | |||||||
Current assets | ||||||||
Debtors | 7 | |||||||
Cash at bank and on hand | ||||||||
Creditors amounts falling due within one year | 8 | ( | ( | |||||
Net current assets (liabilities) | ( | ( | ||||||
Total assets less current liabilities | ||||||||
Creditors amounts falling due after one year | 9 | ( | ( | |||||
Provisions for liabilities | 11 | ( | ( | |||||
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 Director on 29 April 2025, and are signed on its behalf by: |
Director Registered Company No. 10836728 |
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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Accounting estimates and assumptions are made concerning the future and, by their nature, will rarely equal the related actual outcome. The key assumption and other sources of estimation uncertainty that have a significant risk of causing a material adjustment to the carrying amounts of assets and liabilities within the next financial year are that the properties are incorrectly valued at the year end date. |
Turnover policy | |
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Foreign currency translation | |
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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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Reducing balance (%) | ||
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Plant and machinery | ||
Vehicles |
Investment property | |
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Trade and other debtors | |
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Cash and cash equivalents | |
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Trade and other creditors | |
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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. | Deferred tax |
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Increases in the UK Corporation tax rate from 19% to 25% (19% effective from 1 April 2017, and 25% effective from 1 April 2023) have been substantively enacted. This will impact the company's future tax charge accordingly. The value of the deferred tax assets at the balance sheet date has been calculated using the applicable rate when the asset is expected to be realised. |
4. | Tangible fixed assets |
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Plant & machinery | Vehicles | Total | ||||
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£ | £ | £ | ||||
Cost or valuation | ||||||
At 01 July 23 | ||||||
At 30 June 24 | ||||||
Depreciation and impairment | ||||||
At 01 July 23 | ||||||
Charge for year | ||||||
At 30 June 24 | ||||||
Net book value | ||||||
At 30 June 24 | ||||||
At 30 June 23 |
5. | Impairment of tangible fixed assets |
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6. | Investment property |
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Investment property values were reviewed by the director as at the year end. The director has revalued the properties based upon independent valuations received when obtaining further finance against the properties and his own knowledge of the local property market in which the properties are situated. The Mortgage Works (UK) PLC hold a fixed and floating charge over each of the properties held by the company. |
£ | ||
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Fair value at 01 July 23 | ||
Additions | ||
At 30 June 24 |
7. | Debtors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Amounts owed by associates and joint ventures / participating interests | ||||
Total |
8. | Creditors: amounts due within one year |
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2024 | 2023 | |||
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£ | £ | |||
Trade creditors / trade payables | ||||
Bank borrowings and overdrafts | ||||
Amounts owed to related parties | ||||
Taxation and social security | ||||
Other creditors | ||||
Accrued liabilities and deferred income | ||||
Total |
9. | Creditors: amounts due after one year |
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2024 | 2023 | |||
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£ | £ | |||
Bank borrowings and overdrafts | ||||
Other creditors | ||||
Total |
10. | Creditors: amounts due after 5 years |
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11. | Provisions for liabilities |
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2024 | 2023 | |||
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£ | £ | |||
Net deferred tax liability (asset) | ||||
Total |
12. | Guarantees provided on behalf of directors |
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