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REGISTERED NUMBER: 01113650 (England and Wales)






















Unaudited Financial Statements

for the Year Ended 31 October 2024

for

Inkersall Investments Limited

Inkersall Investments Limited (Registered number: 01113650)






Contents of the Financial Statements
for the Year Ended 31 October 2024




Page

Company Information 1

Chartered Accountants' Report 2

Balance Sheet 3

Notes to the Financial Statements 4


Inkersall Investments Limited

Company Information
for the Year Ended 31 October 2024







DIRECTORS: Dr M Woodcock
Mrs C Richards





SECRETARY: Mrs C Richards





REGISTERED OFFICE: Estate Office, Inkersall Farm
Inkersall
Bilsthorpe
Nottinghamshire
NG22 8TL





REGISTERED NUMBER: 01113650 (England and Wales)





ACCOUNTANTS: Wright Vigar Limited
Chartered Accountants & Business Advisers
Unit 4B, The Willows
Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ

Chartered Accountants' Report to the Board of Directors
on the Unaudited Financial Statements of
Inkersall Investments Limited

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Inkersall Investments Limited for the year ended 31 October 2024 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Inkersall Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Inkersall Investments Limited and state those matters that we have agreed to state to the Board of Directors of Inkersall Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Inkersall Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Inkersall Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Inkersall Investments Limited. You consider that Inkersall Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Inkersall Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Wright Vigar Limited
Chartered Accountants & Business Advisers
Unit 4B, The Willows
Ransom Wood Business Park
Southwell Road West
Mansfield
Nottinghamshire
NG21 0HJ


28 July 2025

Inkersall Investments Limited (Registered number: 01113650)

Balance Sheet
31 October 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 6,946 9,261
Tangible assets 5 5,358,929 5,366,584
Investment property 6 21,043,593 20,735,584
26,409,468 26,111,429

CURRENT ASSETS
Stocks 417,198 417,198
Debtors 7 108,301 96,924
Cash at bank 928,328 822,590
1,453,827 1,336,712
CREDITORS
Amounts falling due within one year 8 7,152,279 8,023,788
NET CURRENT LIABILITIES (5,698,452 ) (6,687,076 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

20,711,016

19,424,353

PROVISIONS FOR LIABILITIES 952,146 952,887
NET ASSETS 19,758,870 18,471,466

CAPITAL AND RESERVES
Called up share capital 10 7 7
Revaluation reserve 11 430,068 122,059
Retained earnings 19,328,795 18,349,400
SHAREHOLDERS' FUNDS 19,758,870 18,471,466

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 July 2025 and were signed on its behalf by:





Dr M Woodcock - Director


Inkersall Investments Limited (Registered number: 01113650)

Notes to the Financial Statements
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Inkersall Investments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Patents and licences are being amortised evenly over their estimated useful life of seven years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance

Investment property
Investment property is shown at fair value, which is assessed annually. Any aggregate surplus or deficit arising from the change in fair value is recognised in profit and loss.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Freehold property
Freehold property is initially measured at cost. After initial recognition, freehold property is held under the revaluation model - being the fair value at the most recent valuation, less any accumulated depreciation.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

Inkersall Investments Limited (Registered number: 01113650)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 November 2023
and 31 October 2024 16,207
AMORTISATION
At 1 November 2023 6,946
Charge for year 2,315
At 31 October 2024 9,261
NET BOOK VALUE
At 31 October 2024 6,946
At 31 October 2023 9,261

5. TANGIBLE FIXED ASSETS
Fixtures
Land and Plant and and Motor
Buildings machinery fittings vehicles Totals
£    £    £    £    £   
COST OR VALUATION
At 1 November 2023 5,347,060 7,689 50,360 32,458 5,437,567
Additions - - 607 2,520 3,127
Disposals - - - (10,238 ) (10,238 )
At 31 October 2024 5,347,060 7,689 50,967 24,740 5,430,456
DEPRECIATION
At 1 November 2023 - 6,857 40,054 24,072 70,983
Charge for year - 208 2,809 1,046 4,063
Eliminated on disposal - - - (3,519 ) (3,519 )
At 31 October 2024 - 7,065 42,863 21,599 71,527
NET BOOK VALUE
At 31 October 2024 5,347,060 624 8,104 3,141 5,358,929
At 31 October 2023 5,347,060 832 10,306 8,386 5,366,584

Included in cost or valuation of land and buildings is freehold land of £ 5,347,060 (2023 - £ 5,347,060 ) which is not depreciated.

Cost or valuation at 31 October 2024 is represented by:

Plant and
Land and machinery
buildings etc Totals
£    £    £   
Valuation in 2017 122,059 - 122,059
Cost 5,225,001 83,396 5,308,397
5,347,060 83,396 5,430,456

Inkersall Investments Limited (Registered number: 01113650)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

5. TANGIBLE FIXED ASSETS - continued

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 5,225,001 5,225,001

Value of land in freehold land and buildings 5,225,001 5,225,001

Freehold land and buildings were valued on an open market basis on 31 October 2017 by Ian Fisher RICS .

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 20,735,584
Revaluations 308,009
At 31 October 2024 21,043,593
NET BOOK VALUE
At 31 October 2024 21,043,593
At 31 October 2023 20,735,584

Included in fair value of investment property is freehold land of £ 10,960,023 (2023 - £ 10,960,023 ) which is not depreciated.

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2017 1,205,173
Valuation in 2021 3,673,137
Valuation in 2024 308,009
Cost 15,857,274
21,043,593

Investment property was valued on an open market basis on 31 October 2024 by the directors .

These accounts have not included an uplift in the value of land at the Rigg Estate in Dumfriesshire in respect of substantial coal reserves and prospecting and planning costs associated with them, which the directors consider to have a combined value in excess of £6 million.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 75,264 71,901
Other debtors 33,037 25,023
108,301 96,924

Inkersall Investments Limited (Registered number: 01113650)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Payments on account 161,031 157,874
Trade creditors 149,873 51,308
Taxation and social security 235,224 277,794
Other creditors 6,606,151 7,536,812
7,152,279 8,023,788

9. FINANCIAL INSTRUMENTS

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in the Statement of Comprehensive Income.

For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and best estimate of the recoverable amount, which is an approximation of the amount that the Company would receive for the asset if it were to be sold at the balance sheet date.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
7 Ordinary £1 7 7

11. RESERVES
Revaluation
reserve
£   
At 1 November 2023 122,059
Revaluation 308,009

At 31 October 2024 430,068