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Allens Corporate Estates Limited

Registered Number
11069164
(England and Wales)

Unaudited Financial Statements for the Year ended
30 November 2024

Allens Corporate Estates Limited
Company Information
for the year from 1 December 2023 to 30 November 2024

Directors

M B Cox
P A Cox

Registered Address

Allens Business Park Skellingthorpe Road
Saxilby
Lincoln
LN1 2GH

Registered Number

11069164 (England and Wales)
Allens Corporate Estates Limited
Balance Sheet as at
30 November 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets3101,469110,842
Investment property41,350,4431,336,326
1,451,9121,447,168
Current assets
Debtors530,05060,342
Cash at bank and on hand86,45557,789
116,505118,131
Creditors amounts falling due within one year6(251,649)(225,842)
Net current assets (liabilities)(135,144)(107,711)
Total assets less current liabilities1,316,7681,339,457
Creditors amounts falling due after one year7(606,646)(729,238)
Provisions for liabilities8(25,367)(25,506)
Net assets684,755584,713
Capital and reserves
Called up share capital100100
Profit and loss account684,655584,613
Shareholders' funds684,755584,713
The financial statements were approved and authorised for issue by the Board of Directors on 22 August 2025, and are signed on its behalf by:
M B Cox
Director
Registered Company No. 11069164
Allens Corporate Estates Limited
Notes to the Financial Statements
for the year ended 30 November 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Foreign currency translation
Transactions in foreign currencies are initially recognised at the rate of exchange ruling at the date of the transaction. At the end of each reporting period foreign currency monetary items are translated at the closing rate of exchange. Non-monetary items that are measured at historical cost are translated at the rate ruling at the date of the transaction. All differences are charged to profit or loss.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery10
Fixtures and fittings10
Vehicles10
Office Equipment10
Investment property
Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.
Finance leases and hire purchase contracts
Assets held under finance leases which are leases where substantially all the risks and rewards of ownership of the asset have passed to the company, and hire purchase contracts are capitalised in the balance sheet. They are depreciated over the shorter of their useful lives or the term of the lease.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Office Equipment

Total

£££££
Cost or valuation
At 01 December 23134,79516,0502,2513,664156,760
Additions1,620-214751,909
At 30 November 24136,41516,0502,4653,739158,669
Depreciation and impairment
At 01 December 2340,5963,64181486745,918
Charge for year9,5881,24216528711,282
At 30 November 2450,1844,8839791,15457,200
Net book value
At 30 November 2486,23111,1671,4862,585101,469
At 30 November 2394,19912,4091,4372,797110,842
4.Investment property
There has been no valuation of investment property by an independent valuer, however the directors have reviewed the valuation of the property and feel that the value in the accounts reflects the current fair value.

£
Fair value at 01 December 231,336,326
Additions14,117
At 30 November 241,350,443
5.Debtors: amounts due within one year

2024

2023

££
Trade debtors / trade receivables15,43625,492
Other debtors4,11426,850
Prepayments and accrued income10,5008,000
Total30,05060,342
6.Creditors: amounts due within one year

2024

2023

££
Trade creditors / trade payables59,15062,461
Bank borrowings and overdrafts58,75858,758
Taxation and social security115,75290,087
Other creditors-193
Accrued liabilities and deferred income17,98914,343
Total251,649225,842
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. £48,758 of the bank borrowings are secured creditors.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts435,275534,925
Other creditors171,371194,313
Total606,646729,238
£430,275 of the bank borrowings are secured creditors.
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)25,36725,506
Total25,36725,506