Antique Hypermarket Limited Filleted Accounts Cover |
Company No. 00884258 | |||||||||
Antique Hypermarket Limited Directors Report Registrar |
The Director presents his report and the accounts for the year ended 30 September 2024. | |||||||||
Principal activities | |||||||||
Director | |||||||||
The Director who served at any time during the year was as follows: | |||||||||
S.B. Gray | |||||||||
Signed on behalf of the board | |||||||||
S.B. Gray | |||||||||
Director | |||||||||
12 August 2025 | |||||||||
Antique Hypermarket Limited Balance Sheet Registrar |
at | ||||||||||
Company No. | Notes | 2024 | 2023 | |||||||
£ | £ | |||||||||
Fixed assets | ||||||||||
Intangible assets | 4 | |||||||||
Tangible assets | 5 | |||||||||
Investments | 6 | |||||||||
Current assets | ||||||||||
Debtors | 7 | |||||||||
Cash at bank and in hand | ||||||||||
Creditors: Amount falling due within one year | 8 | ( | ( | |||||||
Net current assets | ||||||||||
Total assets less current liabilities | ||||||||||
Provisions for liabilities | ||||||||||
Deferred taxation | ( | ( | ||||||||
Other provisions | ( | ( | ||||||||
Net assets | ||||||||||
Capital and reserves | ||||||||||
Called up share capital | ||||||||||
Revaluation reserve | 135,346 | |||||||||
Profit and loss account | ||||||||||
Total equity | ||||||||||
As permitted by section 444 (5A)of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company's profit and loss account. | ||||||||||
Approved by the board on 12 August 2025 and signed on its behalf by: | ||||||||||
S.B. Gray | ||||||||||
Director | ||||||||||
12 August 2025 | ||||||||||
Antique Hypermarket Limited Notes to the Accounts Registrar |
for the year ended 30 September 2024 | ||||||||||||||
1 | General information | |||||||||||||
Antique Hypermarket Limited is a private company limited by shares and incorporated in England and Wales. | ||||||||||||||
Its registered number is: 00884258 | ||||||||||||||
Its registered office is: | ||||||||||||||
The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £. | ||||||||||||||
2 | Accounting policies | |||||||||||||
Basis of preparation | ||||||||||||||
The significant accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all years presented, unless otherwise stated. | ||||||||||||||
Going Concern | ||||||||||||||
The financial statements have been prepared on a going concern basis. | ||||||||||||||
Turnover | ||||||||||||||
Turnover is measured at the fair value of the consideration received or receivable. Turnover is reduced for estimated customer returns, rebates and other similar allowances. | ||||||||||||||
Intangible fixed assets | ||||||||||||||
Asset class | Amortisation method and rate | |||||||||||||
Intangible fixed assets | 33.33% straight line | |||||||||||||
Tangible fixed assets and depreciation | ||||||||||||||
At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss. | ||||||||||||||
Asset class | Depreciation method and rate | |||||||||||||
Leasehold land and buildings | ||||||||||||||
Plant and machinery | ||||||||||||||
Motor vehicles | ||||||||||||||
Furniture, fittings and equipment | ||||||||||||||
Taxation | ||||||||||||||
Income tax expense represents the sum of the tax currently payable and deferred tax. The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the profit and loss account because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The Company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period. Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable temporary differences. Deferred tax assets are generally recognised for all deductible timing differences to the extent that it is probable that taxable profits will be available against which those deductible temporary differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Current or deferred tax for the year is recognised in profit or loss, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively. | ||||||||||||||
Investments | ||||||||||||||
Debtors and creditors receivable/payable within one year | ||||||||||||||
Defined contribution pensions | ||||||||||||||
The contributions are recognised as expenses when they fall due. Amounts not paid are shown in accruals in the balance sheet. The assets of the plan are held separately from the company in independently administered funds. | ||||||||||||||
Provisions | ||||||||||||||
Provisions are charged as an expense to the profit and loss account in the year that the Company becomes aware of the obligation, and are measured at the best estimate at balance sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the balance sheet. | ||||||||||||||
3 | Employees | |||||||||||||
2024 | 2023 | |||||||||||||
Number | Number | |||||||||||||
The average monthly number of employees (including directors) during the year was: | ||||||||||||||
4 | Intangible fixed assets | |||||||||||||
Other | Total | |||||||||||||
£ | £ | |||||||||||||
Cost | ||||||||||||||
At 1 October 2023 | ||||||||||||||
At 30 September 2024 | ||||||||||||||
Amortisation and impairment | ||||||||||||||
At 1 October 2023 | ||||||||||||||
Charge for the year | ||||||||||||||
At 30 September 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 30 September 2024 | ||||||||||||||
At 30 September 2023 | ||||||||||||||
5 | Tangible fixed assets | |||||||||||||
Land and buildings | Plant and machinery | Fixtures, fittings and equipment | Total | |||||||||||
£ | £ | £ | £ | |||||||||||
Cost or revaluation | ||||||||||||||
At 1 October 2023 | ||||||||||||||
Additions | ||||||||||||||
At 30 September 2024 | ||||||||||||||
Depreciation | ||||||||||||||
At 1 October 2023 | ||||||||||||||
Charge for the year | ||||||||||||||
At 30 September 2024 | ||||||||||||||
Net book values | ||||||||||||||
At 30 September 2024 | ||||||||||||||
At 30 September 2023 | 477,504 | 15,764 | 127,985 | |||||||||||
6 | Investments | |||||||||||||
Investment in Subsidiaries | Total | |||||||||||||
£ | £ | |||||||||||||
Cost or valuation | ||||||||||||||
At 1 October 2023 | ||||||||||||||
At 30 September 2024 | ||||||||||||||
Provisions/Impairment | ||||||||||||||
Net book values | ||||||||||||||
At 30 September 2024 | ||||||||||||||
At 30 September 2023 | ||||||||||||||
7 | Debtors | |||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Trade debtors | ||||||||||||||
Amounts owed by group undertakings | ||||||||||||||
Loans to directors | ||||||||||||||
Other debtors | ||||||||||||||
Prepayments and accrued income | ||||||||||||||
8 | Creditors: | |||||||||||||
amounts falling due within one year | ||||||||||||||
2024 | 2023 | |||||||||||||
£ | £ | |||||||||||||
Bank loans and overdrafts | ||||||||||||||
Trade creditors | ||||||||||||||
Taxes and social security | ||||||||||||||
Other creditors | ||||||||||||||
Accruals and deferred income | ||||||||||||||
9 | Share Capital | |||||||||||||
Amounts called up and fully paid £8,000 (2023 £8,000) | ||||||||||||||
10 | Reserves | |||||||||||||
£ | ||||||||||||||
At 1 October 2023 | ||||||||||||||
At 30 September 2024 | ||||||||||||||
11 | Post balance sheet events | |||||||||||||
At the balance sheet date, the company was party to a corporate reconstruction, which broadly involved its parent company, Mormor Limited, implementing a Section 110 Insolvency Act 1986 arrangement. The appropriate advance tax clearances were obtained from HMRC. The ultimate beneficial owner of the company, Mr S B Gray, regained the same after the Section 110 Insolvency Act 1986 arrangement was executed. | ||||||||||||||
12 | Related party disclosures | |||||||||||||
Transactions with related parties | ||||||||||||||
The company has extended the following loan to a company under the control of the director S B Gray, Ardco Limited. This loan is interest free and repayable on demand. £966,609 (2023 - £783,136) | ||||||||||||||
The company has also extended a loan to a wholly owned subsidiary company of the group, Alfieco Limited. This loan is interest free and repayable on demand. £61,095 (2023 - £2,271,434) | ||||||||||||||
On 23rd August 2024 the company executed a Deed of Waiver in favour of a related party, Mormor Limited, to release the loan of £2,867,388 that had been owing by that company. The consequential write-off has been charged directly against the reserves as an exceptional item. The director acknowledged that this loan was unlikely to be repaid in the foreseeable future and that the loan waiver was in the best interests of both companies. | ||||||||||||||
Parent Company | ||||||||||||||
The name of the parent of the smallest group for which consolidated financial statements are drawn up of which this entity is a member: | ||||||||||||||
Mormor Limited | ||||||||||||||
The parent's registered office address is: | ||||||||||||||
Zellig Reception | ||||||||||||||
Gibb Street | ||||||||||||||
Birmingham | ||||||||||||||
B9 4AT | ||||||||||||||
13 | Advances and credits to directors | |||||||||||||
2024 | ||||||||||||||
£ | ||||||||||||||
At 1 October 2023 | 190,924 | |||||||||||||
Repaid during the period | (180,653) | |||||||||||||
At 30 September 2024 | 10,271 | |||||||||||||