Company No:
Contents
| Note | 2025 | 2024 | ||
| £ | £ | |||
| Restated - note 2 | ||||
| Fixed assets | ||||
| Investments | 5 |
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| 12,613,935 | 11,905,025 | |||
| Current assets | ||||
| Debtors | ||||
| - due within one year | 6 |
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| - due after more than one year | 6 |
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| Cash at bank and in hand |
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| 397,079 | 240,803 | |||
| Creditors: amounts falling due within one year | 7 | (
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| Net current assets/(liabilities) | 29,182 | (141,331) | ||
| Total assets less current liabilities | 12,643,117 | 11,763,694 | ||
| Provision for liabilities | (
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| Net assets |
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| Capital and reserves | ||||
| Called-up share capital | 8 |
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| Profit and loss account |
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| Total shareholders' funds |
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Director's responsibilities:
The financial statements of Agate Holdings Limited (registered number:
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Andrew John Brook
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Agate Holdings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Pure Offices, Cheltenham Office Park, Hatherley Lane, Cheltenham, GL51 6SH, United Kingdom.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.
The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.
The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director notes that the business has net assets of £12,354,586 but net current assets of £29,182. The Company is supported through loans from the subsidiary company. The director has received assurances that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the subsidiary company will continue to support the company. After making enquiries, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.
Group accounts exemption s399
The Company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts, on the basis that the group of which this is the parent qualifies as a small group. The financial statements present information about the Company as an individual entity and not about its group.
Where material misstatements are found in prior year figures, then these figures are restated for comparability.
Exchange differences are recognised in the Statement of Income and Retained Earnings in the period in which they arise except for exchange differences arising on gains or losses on non-monetary items which are recognised in the Statement of Comprehensive Income.
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.
Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.
| Computer equipment |
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Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.
Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.
Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.
Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
The comparative information has been restated as below, to include a dividend from the subsidiary company omitted in earlier years:
| As previously reported | Adjustment | As restated | ||||
| Year ended 05 April 2024 | £ | £ | £ | |||
| Amounts owed to subsidiary | (2,106,332) | 1,737,845 | (368,487) | |||
| Retained Earnings | 6,826,094 | 1,737,845 | 8,563,939 |
| 2025 | 2024 | ||
| Number | Number | ||
| Monthly average number of persons employed by the Company during the year, including the director |
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| Computer equipment | Total | ||
| £ | £ | ||
| Cost | |||
| At 06 April 2024 |
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| Disposals | (
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| At 05 April 2025 |
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| Accumulated depreciation | |||
| At 06 April 2024 |
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| Disposals | (
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| At 05 April 2025 |
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| Net book value | |||
| At 05 April 2025 | 0 | 0 | |
| At 05 April 2024 | 0 | 0 |
Investments in subsidiaries
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| Cost | |
| At 06 April 2024 |
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| At 05 April 2025 |
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| Carrying value at 05 April 2025 |
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| Carrying value at 05 April 2024 |
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| Listed investments | Total | ||
| £ | £ | ||
| Cost or valuation before impairment | |||
| At 06 April 2024 |
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| Additions |
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| Disposals | (
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| Movement in fair value | (
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| At 05 April 2025 |
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| Carrying value at 05 April 2025 |
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| Carrying value at 05 April 2024 |
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| 2025 | 2024 | ||
| £ | £ | ||
| Debtors: amounts falling due within one year | |||
| Prepayments |
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| Corporation tax |
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| Other debtors |
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| Debtors: amounts falling due after more than one year | |||
| Other debtors |
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| £ | £ | ||
| Taxation and social security |
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| Other creditors |
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| 2025 | 2024 | ||
| £ | £ | ||
| Allotted, called-up and fully-paid | |||
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Transactions with owners holding a participating interest in the entity
During the year, dividends of £300,000 (2024: £505,000) were paid to the shareholders.