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COMPANY REGISTRATION NUMBER: 11872803
Taber Holdings Limited
Unaudited financial statements
30 November 2024
Taber Holdings Limited
Statement of financial position
30 November 2024
2024
2023
Note
£
£
£
£
Fixed assets
Tangible assets
5
1,300,000
1,100,000
Investments
6
200
200
-----------
-----------
1,300,200
1,100,200
Current assets
Debtors
7
170,278
188,276
Cash at bank and in hand
68,834
12,668
---------
---------
239,112
200,944
Creditors: Amounts falling due within one year
8
( 20,248)
( 16,357)
---------
---------
Net current assets
218,864
184,587
-----------
-----------
Total assets less current liabilities
1,519,064
1,284,787
Creditors: Amounts falling due after more than one year
9
( 303,857)
( 321,443)
Provisions
Taxation including deferred tax
( 100,636)
( 62,636)
-----------
-----------
Net assets
1,114,571
900,708
-----------
-----------
Capital and reserves
Called up share capital
300
300
Revaluation reserve
429,027
267,027
Profit and loss account
685,244
633,381
-----------
---------
Shareholders funds
1,114,571
900,708
-----------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of comprehensive income has not been delivered.
For the year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
Taber Holdings Limited
Statement of financial position (continued)
30 November 2024
These financial statements were approved by the board of directors and authorised for issue on 23 July 2025 , and are signed on behalf of the board by:
A C Taber
Director
Company registration number: 11872803
Taber Holdings Limited
Notes to the financial statements
Year ended 30 November 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Poplar Farm Common Road, North Lopham, Diss, Norfolk, IP22 2HP.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
4. Employee numbers
The average number of employees during the year was 2 (2023: 2 ).
5. Tangible assets
Investment property
£
Cost or valuation
At 1 December 2023
1,100,000
Revaluations
200,000
-----------
At 30 November 2024
1,300,000
-----------
Depreciation
At 1 December 2023 and 30 November 2024
-----------
Carrying amount
At 30 November 2024
1,300,000
-----------
At 30 November 2023
1,100,000
-----------
Tangible assets held at valuation
In respect of tangible assets held at valuation, the aggregate cost, depreciation and comparable carrying amount that would have been recognised if the assets had been carried under the historical cost model are as follows:
Investment property
£
At 30 November 2024
Aggregate cost
770,337
Aggregate depreciation
---------
Carrying value
770,337
---------
At 30 November 2023
Aggregate cost
770,337
Aggregate depreciation
---------
Carrying value
770,337
---------
6. Investments
Shares in group undertakings
£
Cost
At 1 December 2023 and 30 November 2024
200
----
Impairment
At 1 December 2023 and 30 November 2024
----
Carrying amount
At 30 November 2024
200
----
At 30 November 2023
200
----
7. Debtors
2024
2023
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
166,028
183,579
Other debtors
4,250
4,697
---------
---------
170,278
188,276
---------
---------
8. Creditors: Amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
12,480
11,880
Social security and other taxes
3,135
Other creditors
4,633
4,477
-------
-------
20,248
16,357
-------
-------
Included in creditors is a bank loan of £12,480 (2023: £11,880) which is secured by charges over assets held in the company.
9. Creditors: Amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
303,857
321,443
---------
---------
Included in creditors are bank loans of £303,857 (2023: £321,433) which are secured by charges over assets held in the company.
The amounts due for payment after more than five years are £116,034 and £137,903, the loans are payable by monthly instalments with a maturity date of September 2034 and February 2036 respectively, both with an interest rate of base rate plus 3.30% per annum.
10. Contingencies
An unlimited cross guarantee has been given by this company, Lopham Vehicle Services Limited and L.R. Wyard-Scott Limited. The potential liability amounts to £489,308.