Registration number:
Agility House Limited
for the Year Ended 30 September 2024
Agility House Limited
(Registration number: 11925720)
Balance Sheet as at 30 September 2024
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2024 |
2023 |
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Fixed assets |
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Investment property |
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Investments |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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( |
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Net current liabilities |
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( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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( |
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Provisions for liabilities |
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( |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Revaluation reserve |
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Retained earnings |
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Shareholders' funds |
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For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Directors' Report and the Profit and Loss Account has been taken.
Agility House Limited
(Registration number: 11925720)
Balance Sheet as at 30 September 2024 (continued)
.........................................
G Beech
Director
Agility House Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024
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Accounting policies |
Statutory information
Agility House Limited is a private company, limited by shares, domiciled in England and Wales, company number 11925720. The registered office is at Agility House, Rose Lane, Mansfield Woodhouse, Nottinghamshire, NG19 8BA.
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value. The presentation currency is United Kingdom pounds sterling, which is the functional currency of the company. The financial statements are those of an individual entity.
Revenue recognition
Turnover represents the income arising from property lettings. Revenue is recognised on a straight line basis over the lease term.
Tax
The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.
Investment property
Agility House Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
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Accounting policies (continued) |
Investments
Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Financial instruments
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
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Investment properties |
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Fair value |
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Valuation |
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At 1 October 2023 |
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Fair value adjustments |
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At 30 September 2024 |
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The investment properties were revalued by the directors on 30 September 2024. The basis of this valuation was existing use basis. This class of assets has a historical cost of £1,272,092 (2023: £1,272,092).
Agility House Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
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Investments |
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2024 |
2023 |
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Investments in subsidiaries |
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Subsidiaries |
£ |
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Cost |
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At 1 October 2023 and 30 September 2024 |
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Carrying amount |
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At 30 September 2024 |
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At 30 September 2023 |
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Details of undertakings
Details of the investments in which the company holds 20% or more of the nominal value of any class of share capital are as follows:
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Undertaking |
Registered office |
Holding |
Proportion of voting rights and shares held |
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2024 |
2023 |
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Subsidiary undertakings |
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England |
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Agility Accommodation Limited The principal activity of Agility Accommodation Limited is |
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Debtors |
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2024 |
2023 |
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Amounts owed by related undertakings |
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Prepayments |
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Agility House Limited
Notes to the Unaudited Financial Statements for the Year Ended 30 September 2024 (continued)
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Creditors |
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2024 |
2023 |
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Due within one year |
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Bank loans |
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Trade creditors |
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Amounts owed to related undertakings |
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Taxation and social security |
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Accruals |
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Directors loan account |
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2024 |
2023 |
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Due after one year |
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Bank loans |
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The bank borrowings are secured on Agility House, Mansfield Woodhouse, Mansfield, NG19 8BA.
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Related party transactions |
During the year the directors had a loan account with the company. At the balance sheet date the amount due to the directors was £210,253 (2023: £197,280). The loan is interest free.