| Registered number: 01621511 | ||||||||
| FOR THE YEAR ENDED 31/12/2024 | ||||||||
| Prepared By: | ||||||||
| Keith Maslen Associates Limited | ||||||||
| 187 Hawthorn Crescent | ||||||||
| Portsmouth | ||||||||
| Hampshire | ||||||||
| PO6 2TJ | ||||||||
| Exbury Developments Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THE YEAR ENDED 31/12/2024 | ||||||||
| DIRECTOR | ||||||||
| REGISTERED OFFICE | ||||||||
| Hampshire | ||||||||
| COMPANY DETAILS | ||||||||
| Private company limited by shares registered in EW - England and Wales, registered number 01621511 | ||||||||
| ACCOUNTANTS | ||||||||
| Keith Maslen Associates Limited | ||||||||
| 187 Hawthorn Crescent | ||||||||
| Portsmouth | ||||||||
| Hampshire | ||||||||
| PO6 2TJ | ||||||||
| Exbury Developments Limited | ||||||||
| ACCOUNTS | ||||||||
| FOR THEYEARENDED31/12/2024 | ||||||||
| CONTENTS | ||||||||
| Page | ||||||||
| Director's Report | - | |||||||
| Accountants' Report | - | |||||||
| Statement Of Comprehensive Income | - | |||||||
| Balance Sheet | 3 | |||||||
| Notes To The Accounts | 4 | |||||||
| The following do not form part of the statutory financial statements: | ||||||||
| Trading And Profit And Loss Account | - | |||||||
| Profit And Loss Account Summaries | - | |||||||
| Exbury Developments Limited | ||||||||
| BALANCE SHEET AT | ||||||||||
| 2024 | 2023 | |||||||||
| Notes | £ | £ | ||||||||
| FIXED ASSETS | ||||||||||
| Tangible assets | 3 | |||||||||
| CURRENT ASSETS | ||||||||||
| Stock | ||||||||||
| Debtors | 5 | |||||||||
| Cash at bank and in hand | ||||||||||
| 581,688 | 556,576 | |||||||||
| CREDITORS: Amounts falling due within one year | 6 | |||||||||
| NET CURRENT ASSETS | 460,113 | |||||||||
| TOTAL ASSETS LESS CURRENT LIABILITIES | ||||||||||
| CREDITORS: Amounts falling due after more than one year | 7 | 266,188 | 275,375 | |||||||
| NET ASSETS | ||||||||||
| CAPITAL AND RESERVES | ||||||||||
| Called up share capital | 8 | |||||||||
| Revaluation reserve | 1d,9 | 734,842 | 734,842 | |||||||
| Profit and loss account | 394,990 | 360,573 | ||||||||
| SHAREHOLDERS' FUNDS | ||||||||||
| Approved by the board on | ||||||||||
| Director | ||||||||||
| Exbury Developments Limited | ||||||||
| NOTES TO THE ACCOUNTS | ||||||||||
| FOR THE YEAR ENDED 31/12/2024 | ||||||||||
| 1. ACCOUNTING POLICIES |
| 1a. Basis Of Accounting | ||||||||
| The accounts have been prepared under the historical cost convention. | ||||||||
| The accounts have been prepared in accordance with FRS102 section 1A - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006 . | ||||||||
| 1b. Depreciation | ||||||||
| Equipment | reducing balance 10% | |||||||
| 1c. Stocks | ||||||||
| Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell (net realisable value). Costs, which comprise direct production costs, are based on the method most appropriate to the type of inventory class, but usually on a first-in-first-out basis. Overheads are charged to profit or loss as incurred. Net realisable value is based on the estimated selling price less any estimated completion or selling costs. | ||||||||
| When stocks are sold, the carrying amount of those stocks is recognised as an expense in the period in which the related revenue is recognised. The amount of any write-down of stocks to net realisable value and all losses of stocks are recognised as an expense in the period in which the write-down or loss occurs. The amount of any reversal of any write-down of stocks is recognised as a reduction in the amount of stocks recognised as an expense in the period in which the reversal occurs. | ||||||||
| 1d. Revaluation Reserve | ||||||||
| Surpluses or deficits arising on the revaluation of individual fixed assets other than investment properties are credited or debited to a non-distributible reserve known as the revaluation reserve (see also note 9). | ||||||||
| Revaluation deficits in excess of the amount of prior revaluation surpluses on the same asset are charged to the profit and loss account. | ||||||||
| 1e. |
| 2. EMPLOYEES | ||||||
| 2024 | 2023 | |||||
| No. | No. | |||||
| Average number of employees | 1 | |||||
| Exbury Developments Limited | ||||||||
| 3. TANGIBLE FIXED ASSETS | ||||||
| Land And | ||||||
| Buildings | Equipment | Total | ||||
| £ | £ | £ | ||||
| Cost | ||||||
| At 01/01/2024 | 920,000 | 20,167 | 940,167 | |||
| At 31/12/2024 | 920,000 | 20,167 | 940,167 | |||
| Depreciation | ||||||
| At 01/01/2024 | - | 19,490 | 19,490 | |||
| For the year | - | 68 | 68 | |||
| At 31/12/2024 | - | 19,558 | 19,558 | |||
| Net Book Amounts | ||||||
| At 31/12/2024 | 920,609 | |||||
| At 31/12/2023 | 920,677 | |||||
| Land and Buildings comprises a freehold property which was revalued in 2016 by £734,842 from an original cost of £185,158. |
| 4. STOCK | 2024 | 2023 | ||||
| £ | £ | |||||
| Stock comprises: | ||||||
| Stock | ||||||
| 5. DEBTORS | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Amounts falling due within one year | ||||||||
| Amounts due from group companies | 474,812 | 449,743 | ||||||
| Prepayments and accrued income | 1,334 | 1,788 | ||||||
| 476,146 | 451,531 | |||||||
| 6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Corporation tax | 10,733 | 11,632 | ||||||
| Directors current account | 304 | 304 | ||||||
| Bank loan (secured) | 8,720 | 8,013 | ||||||
| Loans | 75,000 | 75,000 | ||||||
| Accruals | 1,520 | 1,514 | ||||||
| 96,277 | 96,463 | |||||||
| Exbury Developments Limited | ||||||||
| 7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
| 2024 | 2023 | |||||||
| £ | £ | |||||||
| Bank loan (secured) >1yr | 266,188 | 275,375 | ||||||
| 266,188 | 275,375 | |||||||
| 8. SHARE CAPITAL | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Allotted, issued and fully paid: | ||||||||
| 10,000 | 10,000 | |||||||
| 10,000 | 10,000 | |||||||
| 9. REVALUATION RESERVE | 2024 | 2023 | ||||||
| £ | £ | |||||||
| Revaluation reserve | 734,842 | 734,842 | ||||||
| 734,842 | 734,842 | |||||||