| EXCELLARE LIMITED |
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| BALANCE SHEET |
| AS AT 30 SEPTEMBER 2024 |
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| These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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| For the financial period ended 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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| As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. |
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| Signed on behalf of the board of directors |
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| R K Lomas |
| Director |
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| Date approved by the board: 11 June 2025 |
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| EXCELLARE LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD ENDED 30 SEPTEMBER 2024 |
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| 1 |
GENERAL INFORMATION |
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Excellare Limited is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are: |
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Registered office |
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Principal place of business |
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C9 Glyme Court |
Hughenden Valley |
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Oxford Office Village |
Winnies Cottage |
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Langford Lane |
Warrendene Road |
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Kidlington |
High Wycombe |
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Oxford |
HP14 4LX |
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OX5 1LQ |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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| 2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Going concern |
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Depreciation has been provided at the following rate so as to write off the cost or valuation of assets less residual value of the assets over their estimated useful lives. |
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Furniture and fittings |
Reducing balance basis at 25% per annum |
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On disposal, the difference between the net disposal proceeds and the carrying amount of the item sold is recognised in the profit and loss account, and included within administrative expenses. |
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Financial Instruments |
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The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
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Financial assets are measured at cost and are assessed at the end of each reporting period for objective evidence of impairment. Where objective evidence of impairment is found, an impairment loss is recognised in the profit and loss account. |
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| EXCELLARE LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD ENDED 30 SEPTEMBER 2024 |
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| 5 |
TANGIBLE ASSETS |
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Furniture and fittings |
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£ |
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Cost |
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At 1 July 2023 |
111,458 |
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Disposals |
(111,458) |
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At 30 September 2024 |
- |
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Accumulated depreciation and impairments |
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At 1 July 2023 |
94,925 |
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Disposals |
(94,925) |
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At 30 September 2024 |
- |
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Net book value |
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At 1 July 2023 |
16,533 |
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At 30 September 2024 |
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| 6 |
DEBTORS |
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30/09/24 |
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30/06/23 |
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£ |
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£ |
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Other debtors |
189,826 |
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88,048 |
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| 7 |
CREDITORS: Amounts falling due within one year |
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30/09/24 |
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30/06/23 |
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£ |
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£ |
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Bank loans and overdrafts |
7,738 |
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7,495 |
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Taxation and social security |
2,003 |
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1,246 |
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Accruals and deferred income |
21,747 |
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21,748 |
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Other creditors |
964,426 |
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1,872,082 |
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995,914 |
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1,902,571 |
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| 8 |
CREDITORS: Amounts falling due after more than one year |
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30/09/24 |
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30/06/23 |
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£ |
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£ |
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Bank loans and overdrafts |
2,443,438 |
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2,453,064 |
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| 9 |
SECURED DEBTS |
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The company has a bank loan which is secured on the assets of the company. |
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| EXCELLARE LIMITED |
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| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE PERIOD ENDED 30 SEPTEMBER 2024 |
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| 10 |
RELATED PARTY TRANSACTIONS |
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During the period / year, the following transactions with related parties took place: |
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Amounts owed to directors |
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30/09/24 |
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30/06/23 |
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£ |
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£ |
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A Burton |
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Balance owed to director |
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119,949 |
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310,949 |
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R Burton |
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Balance owed to director |
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21,133 |
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297,883 |
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V Percival |
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Balance owed to director |
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679,245 |
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869,745 |
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M Godfrey |
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Balance owed to director |
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103,591 |
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312,091 |
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Mountbatten Limited |
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Connected company |
30/09/24 |
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30/06/23 |
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£ |
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£ |
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The following amount was due from a connected company at the year end: |
185 |
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185 |
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Excellare (Dorset) Limited |
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Connected company |
30/09/24 |
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30/06/23 |
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£ |
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£ |
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The following amount was due from a connected company at the year end: |
1,548 |
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- |
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Wychwood Homes (Western) Limited |
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Connected company |
30/09/24 |
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30/06/23 |
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£ |
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£ |
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The following amount was due to a connected company at the year end: |
26,292 |
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55,605 |
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Wychwood Homes (Cotswold and Thames Valley) Limited |
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Connected company |
30/09/24 |
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30/06/23 |
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£ |
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£ |
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The following amount was due from a connected company at the year end: |
700 |
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- |
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Loro Management Limited |
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Connected company |
30/09/24 |
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30/06/23 |
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£ |
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£ |
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The following amount was due to a connected company at the year end: |
14,218 |
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12,023 |
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