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Strategic Report |
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Director |
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Registered office: |
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England |
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Directors' Report |
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Director |
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Registered office: |
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England |
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Independent Auditor's Report to the Members of
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(Senior Statutory Auditor) |
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For and on behalf of |
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Chartered accountants & statutory auditor |
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Avery House |
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8 Avery Hill Road |
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New Eltham |
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London |
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SE9 2BD |
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Consolidated Statement of Comprehensive Income |
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2024 |
2023 |
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Note |
£ |
£ |
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Turnover |
4 |
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Cost of sales |
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------------ |
------------ |
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Gross profit |
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Administrative expenses |
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------------ |
------------ |
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Operating profit |
5 |
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Other interest receivable and similar income |
8 |
(
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Interest payable and similar expenses |
9 |
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------------ |
------------ |
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Profit before taxation |
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Tax on profit |
10 |
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(
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--------- |
--------- |
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Profit for the financial year and total comprehensive income |
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--------- |
--------- |
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Company Statement of Income and Retained Earnings |
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2024 |
2023 |
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Note |
£ |
£ |
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Profit for the financial year and total comprehensive income |
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Dividends paid and payable |
11 |
(
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(
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Retained earnings at the start of the year |
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--------- |
--------- |
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Retained earnings at the end of the year |
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--------- |
--------- |
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Consolidated Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
13 |
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Debtors |
15 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
16 |
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------------ |
------------ |
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Net current assets |
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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 |
17 |
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------------ |
------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
19 |
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Profit and loss account |
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------------ |
------------ |
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Shareholders funds |
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------------ |
------------ |
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Director |
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Company Statement of Financial Position |
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2024 |
2023 |
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Note |
£ |
£ |
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Tangible assets |
13 |
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Investments |
14 |
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------------ |
------------ |
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Debtors |
15 |
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Cash at bank and in hand |
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------------ |
------------ |
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Creditors: amounts falling due within one year |
16 |
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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 |
17 |
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------------ |
------------ |
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Net assets |
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------------ |
------------ |
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Called up share capital |
19 |
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Profit and loss account |
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-------- |
-------- |
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Shareholders funds |
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-------- |
-------- |
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Director |
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Consolidated Statement of Cash Flows |
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2024 |
2023 |
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£ |
£ |
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Profit for the financial year |
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Adjustments for: |
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Depreciation of tangible assets |
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Other interest receivable and similar income |
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(
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Interest payable and similar expenses |
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Loss on disposal of tangible assets |
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– |
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Tax on profit |
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(
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Accrued expenses/(income) |
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(
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Changes in: |
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Trade and other debtors |
(
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Trade and other creditors |
(
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--------- |
------------ |
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Cash generated from operations |
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Interest paid |
(
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(
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Interest received |
(
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Tax received |
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--------- |
------------ |
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Net cash from operating activities |
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--------- |
------------ |
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Purchase of tangible assets |
(
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(
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Proceeds from sale of tangible assets |
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– |
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--------- |
------------ |
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Net cash used in investing activities |
(
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(
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--------- |
------------ |
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Proceeds from borrowings |
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(
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Payments of finance lease liabilities |
(
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(
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Dividends paid |
(
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(
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--------- |
------------ |
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Net cash used in financing activities |
(
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(
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--------- |
------------ |
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Net increase in cash and cash equivalents |
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Cash and cash equivalents at beginning of year |
1,402,525 |
1,305,917 |
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------------ |
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Cash and cash equivalents at end of year |
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------------ |
------------ |
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Notes to the Financial Statements |
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Goodwill |
- |
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Short leasehold property |
- |
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Plant and machinery |
- |
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Fixtures and fittings |
- |
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Motor vehicles |
- |
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2024 |
2023 |
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£ |
£ |
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Rendering of services |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Depreciation of tangible assets |
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Loss on disposal of tangible assets |
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– |
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--------- |
--------- |
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2024 |
2023 |
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No. |
No. |
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Administrative staff |
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---- |
---- |
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2024 |
2023 |
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£ |
£ |
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Wages and salaries |
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Other pension costs |
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------------ |
------------ |
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------------ |
------------ |
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2024 |
2023 |
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£ |
£ |
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Remuneration |
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Company contributions to defined contribution pension plans |
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-------- |
--------- |
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-------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Interest on loans and receivables |
(388) |
– |
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Other interest receivable and similar income |
– |
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---- |
------- |
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(
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---- |
------- |
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2024 |
2023 |
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£ |
£ |
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Interest on banks loans and overdrafts |
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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UK current tax income |
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(
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Adjustments in respect of prior periods |
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(
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--------- |
--------- |
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Total current tax |
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(
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--------- |
--------- |
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Tax on profit |
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(
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Profit on ordinary activities before taxation |
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--------- |
--------- |
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Profit on ordinary activities by rate of tax |
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(
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Adjustment to tax charge in respect of prior periods |
|
(
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--------- |
--------- |
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Tax on profit |
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(
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--------- |
--------- |
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2024 |
2023 |
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£ |
£ |
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Dividends paid during the year (excluding those for which a liability existed at the end of the prior year ) |
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--------- |
--------- |
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Group |
Goodwill |
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£ |
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Cost |
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At 1 December 2023 and 30 November 2024 |
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-------- |
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Amortisation |
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At 1 December 2023 and 30 November 2024 |
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-------- |
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Carrying amount |
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At 1 December 2023 and 30 November 2024 |
– |
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-------- |
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At 30 November 2023 |
– |
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-------- |
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Group |
Freehold property |
Short leasehold property |
Plant and machinery |
Fixtures and fittings |
Motor vehicles |
Total |
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£ |
£ |
£ |
£ |
£ |
£ |
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Cost |
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At 1 Dec 2023 |
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Additions |
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– |
– |
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– |
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Disposals |
– |
– |
– |
– |
(
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(
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------------ |
------------ |
-------- |
------------ |
--------- |
------------ |
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At 30 Nov 2024 |
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------------ |
------------ |
-------- |
------------ |
--------- |
------------ |
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Depreciation |
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At 1 Dec 2023 |
– |
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Charge for the year |
– |
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– |
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Disposals |
– |
– |
– |
– |
(
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(
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------------ |
------------ |
-------- |
------------ |
--------- |
------------ |
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At 30 Nov 2024 |
– |
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------------ |
------------ |
-------- |
------------ |
--------- |
------------ |
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Carrying amount |
||||||
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At 30 Nov 2024 |
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– |
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------------ |
------------ |
-------- |
------------ |
--------- |
------------ |
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At 30 Nov 2023 |
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– |
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------------ |
------------ |
-------- |
------------ |
--------- |
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Company |
Freehold property |
Fixtures and fittings |
Total |
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£ |
£ |
£ |
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Cost |
|||
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At 1 December 2023 |
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Additions |
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– |
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------------ |
------- |
------------ |
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At 30 November 2024 |
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------------ |
------- |
------------ |
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Depreciation |
|||
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At 1 December 2023 |
– |
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Charge for the year |
– |
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------------ |
------- |
------------ |
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At 30 November 2024 |
– |
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------------ |
------- |
------------ |
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Carrying amount |
|||
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At 30 November 2024 |
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------------ |
------- |
------------ |
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At 30 November 2023 |
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6,948,415
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------------ |
------- |
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Company |
Shares in group undertakings |
|
£ |
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Cost |
|
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At 1 December 2023 and 30 November 2024 |
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---- |
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Impairment |
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At 1 December 2023 and 30 November 2024 |
– |
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---- |
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Carrying amount |
|
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At 1 December 2023 and 30 November 2024 |
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---- |
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At 30 November 2023 |
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---- |
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Class of share |
Percentage of shares held |
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Subsidiary undertakings |
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Ordinary |
100 |
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Ordinary |
100 |
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Ordinary |
100 |
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Ordinary |
100 |
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Ordinary |
100 |
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Group |
Company |
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|
2024 |
2023 |
2024 |
2023 |
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|
£ |
£ |
£ |
£ |
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Trade debtors |
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– |
– |
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Amounts owed by undertakings in which the company has a participating interest |
|
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Prepayments and accrued income |
|
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– |
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Other debtors |
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------------ |
--------- |
------------ |
--------- |
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------------ |
--------- |
------------ |
--------- |
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Group |
Company |
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|
2024 |
2023 |
2024 |
2023 |
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|
£ |
£ |
£ |
£ |
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Trade creditors |
|
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Amounts owed to group undertakings |
– |
– |
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Accruals and deferred income |
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Corporation tax |
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– |
– |
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Social security and other taxes |
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– |
– |
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Obligations under finance leases and hire purchase contracts |
– |
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– |
– |
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Director loan accounts |
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– |
– |
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Other creditors |
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– |
– |
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------------ |
--------- |
------------ |
------------ |
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------------ |
--------- |
------------ |
------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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|
£ |
£ |
£ |
£ |
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Bank loans and overdrafts |
|
|
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------------ |
------------ |
------------ |
------------ |
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Group |
Company |
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2024 |
2023 |
2024 |
2023 |
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|
£ |
£ |
£ |
£ |
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Not later than 1 year |
– |
|
– |
– |
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---- |
------- |
---- |
---- |
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|
2024 |
2023 |
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No. |
£ |
No. |
£ |
|
|
|
|
106 |
|
106 |
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---- |
---- |
---- |
---- |
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At 1 Dec 2023 |
Cash flows |
At 30 Nov 2024 |
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|
£ |
£ |
£ |
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Cash at bank and in hand |
|
65,064 |
|
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Debt due within one year |
(6,760) |
2,315 |
(4,445) |
|
Debt due after one year |
(4,900,000) |
(48,558) |
(4,948,558) |
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------------ |
-------- |
------------ |
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(
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(
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------------ |
-------- |
------------ |
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|
2024 |
||||
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
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£ |
£ |
£ |
||
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|
(
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(
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(
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(
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(
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(
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---- |
------- |
------- |
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(
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(
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(
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---- |
------- |
------- |
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2023 |
||||
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Balance brought forward |
Advances/ (credits) to the directors |
Balance outstanding |
||
|
£ |
£ |
£ |
||
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|
(
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(
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(
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|
(
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(
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(
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---- |
---- |
---- |
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(
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(
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(
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---- |
---- |
---- |
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Management Information |
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Company Detailed Income Statement |
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Administrative expenses |
267,740 |
18,210 |
|
--------- |
-------- |
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Operating loss |
(
|
(
|
|
Income from shares in group undertakings |
845,000 |
825,000 |
|
Interest payable and similar expenses |
(405,405) |
(523,900) |
|
--------- |
--------- |
|
|
Profit before taxation |
171,855 |
282,890 |
|
--------- |
--------- |
|
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|
Notes to the Company Detailed Income Statement |
|
2024 |
2023 |
|
|
£ |
£ |
|
|
Insurance |
6,961 |
1,398 |
|
Repairs and maintenance (allowable) - type 2 |
– |
580 |
|
Staff welfare |
– |
(1) |
|
General expenses (allowable) |
48 |
47 |
|
Legal and professional fees (allowable) |
297,675 |
9,400 |
|
Other professional fees |
7,806 |
– |
|
Audit fees |
12,000 |
– |
|
Accountancy fees |
7,387 |
5,700 |
|
Depreciation of tangible assets |
743 |
990 |
|
Bank charges |
(64,880) |
96 |
|
--------- |
-------- |
|
|
267,740 |
18,210 |
|
|
--------- |
-------- |
|
|
Dividends from group undertakings |
845,000 |
825,000 |
|
--------- |
--------- |
|
|
Interest on bank loans and overdrafts |
405,405 |
523,900 |
|
--------- |
--------- |
|