REGISTERED NUMBER: 13278712 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2024

for

AG Derbyshire Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr G K Grover

REGISTERED OFFICE:

Camelford House

3rd Floor, 87-90 Albert Embankment

Vauxhall

London

SE1 7TP

REGISTERED NUMBER:

13278712 (England and Wales)

ACCOUNTANTS:

Dhillon Accountants Limited

Chartered Accountants

Office 1

21 Hatherton Street

Walsall

WS4 2LA

FIXED ASSETS

Intangible assets

4

143,142

162,442

Tangible assets

5

4,289,448

3,953,814

4,432,590

4,116,256

CURRENT ASSETS

Stocks

5,157

8,212

Debtors

6

283,280

225,912

Cash at bank and in hand

169,250

221,842

457,687

455,966

CREDITORS

Amounts falling due within one year

7

(825,440

)

(402,961

)

NET CURRENT (LIABILITIES)/ASSETS

(367,753

)

53,005

TOTAL ASSETS LESS CURRENT LIABILITIES

4,064,837

4,169,261

CREDITORS

Amounts falling due after more than one year

8

(4,641,824

)

(4,590,465

)

PROVISIONS FOR LIABILITIES

-

(51,799

)

NET LIABILITIES

(576,987

)

(473,003

)

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(577,087

)

(473,103

)

SHAREHOLDERS' FUNDS

(576,987

)

(473,003

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 October 2025 and were signed by:

Mr G K Grover - Director

1.	STATUTORY INFORMATION

AG Derbyshire Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill

Goodwill, being the amount paid in connection with the acquisition of a business in 2022, is being amortised evenly over its estimated useful life of ten years.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Land and buildings

-

1% on cost

Plant and machinery etc

-

25% on reducing balance

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Stock is valued in the books of accounts based on FIFO.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Going concern

After reviewing the forecasts and projections, the Director has a reasonable expectation that the business has adequate resources and sufficient group support to continue its operational existence for the foreseeable future. The business therefore continues to adopt the going concern basis in preparing its financial statements.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 23 (2023 - 27 ) .

4.	INTANGIBLE FIXED ASSETS

Goodwill

£

COST

At 1 August 2023

and 31 July 2024

193,000

AMORTISATION

At 1 August 2023

30,558

Charge for year

19,300

At 31 July 2024

49,858

NET BOOK VALUE

At 31 July 2024

143,142

At 31 July 2023

162,442

5.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 August 2023

3,563,757

644,732

4,208,489

Additions

339,703

158,040

497,743

At 31 July 2024

3,903,460

802,772

4,706,232

DEPRECIATION

At 1 August 2023

55,051

199,624

254,675

Charge for year

36,614

125,495

162,109

At 31 July 2024

91,665

325,119

416,784

NET BOOK VALUE

At 31 July 2024

3,811,795

477,653

4,289,448

At 31 July 2023

3,508,706

445,108

3,953,814

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Trade debtors

93,878

41,096

Amounts owed by group undertakings

165,563

168,231

Other debtors

23,839

16,585

283,280

225,912

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.24

31.7.23

£

£

Bank loans and overdrafts

109,058

64,355

Trade creditors

102,861

69,826

Amounts owed to group undertakings

261,189

111

Taxation and social security

156,991

158,036

Other creditors

195,341

110,633

825,440

402,961

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.7.24

31.7.23

£

£

Bank loans

2,540,832

2,635,645

Other creditors

2,100,992

1,954,820

4,641,824

4,590,465

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,053,363

2,249,516

9.	RELATED PARTY DISCLOSURES

AG Propinvest Ltd

As of 31 July 2024, the company owed £561.32 (2023 - £126.51) to AG Propinvest Ltd. Mr Girish Grover is a director of AG Propinvest Ltd. The loan is interest free and is repayable on demand.

AG Hospitality Ltd

As of 31 July 2024, the company owed £53,075.05 (2023 - £17,557.03) to AG Hospitality Ltd. Mr Girish Grover is a director fo AG Hospitality Ltd. The loan is interest free and is repayable on demand.

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.