REGISTERED NUMBER: 03540541 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 October 2025

for

Amicon (Europe) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mrs V J Stanford

Mr P R Stanford

REGISTERED OFFICE:

37 Kent Road

Harrogate

HG1 2ET

REGISTERED NUMBER:

03540541 (England and Wales)

ACCOUNTANTS:

TC Group

6 Queen Street

Leeds

LS1 2TW

FIXED ASSETS

Investments

4

70

-

Investment property

5

395,000

365,000

395,070

365,000

CURRENT ASSETS

Debtors

6

437,137

468,121

Cash at bank

4,929

8,736

442,066

476,857

CREDITORS

Amounts falling due within one year

7

71,984

101,726

NET CURRENT ASSETS

370,082

375,131

TOTAL ASSETS LESS CURRENT LIABILITIES

765,152

740,131

CREDITORS

Amounts falling due after more than one year

8

471,990

470,157

NET ASSETS

293,162

269,974

CAPITAL AND RESERVES

Called up share capital

45,070

45,000

Fair value reserve

40,000

10,000

Retained earnings

208,092

214,974

293,162

269,974

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors and authorised for issue on 28 July 2026 and were signed on its behalf by:

Mr P R Stanford - Director

1.	STATUTORY INFORMATION

Amicon (Europe) 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 as modified by the revaluation of certain assets.

Turnover

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

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	FIXED ASSET INVESTMENTS

Shares in

group

undertakings

£

COST

Additions

70

At 31 October 2025

70

NET BOOK VALUE

At 31 October 2025

70

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

365,000

Revaluations

30,000

At 31 October 2025

395,000

NET BOOK VALUE

At 31 October 2025

395,000

At 31 October 2024

365,000

Fair value at 31 October 2025 is represented by:

£

Valuation in 2022

10,000

Valuation in 2025

30,000

Cost

355,000

395,000

If investment property had not been revalued it would have been included at the following historical cost:

31/10/25

31/10/24

£

£

Cost

355,000

355,000

Investment property was valued on an open market basis on 31 October 2025 by the Directors .

6.

DEBTORS

31/10/25

31/10/24

£

£

Amounts falling due within one year:

Other debtors

718

503

31/10/25

31/10/24

£

£

Amounts falling due after more than one year:

Other debtors

436,419

467,618

Aggregate amounts

437,137

468,121

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31/10/25

31/10/24

£

£

Taxation and social security

279

5,686

Other creditors

71,705

96,040

71,984

101,726

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31/10/25

31/10/24

£

£

Other creditors

471,990

470,157

9.	RELATED PARTY DISCLOSURES

Included in creditors amounts due after more than one year is an interest free loan of £400,000 from Mr P R Stanford.

Included in other debtors are the following loans, which are not due for repayment for more than a year:

The Cottage Saltburn Limited £55,149 (2024: £63,743)

Captains Deck Limited £169,007 (2024: £182,892)

High Seas Villa Limited £146,288 (2024: £149,221)

Sea Forever Limited £65,371 (2024: £71,072)

Red Gables Management Limited £604 (2024: £691)

Included in creditors due after more than one year is the following:

Red Gables Freehold Limited £71,990 (2024: £70,157)

Mr P R Stanford is the ultimate controlling party of the above companies, the loans are interest free with no fixed terms for repayment.

10.	ULTIMATE CONTROLLING PARTY

Mr P R Stanford and Mrs V J Stanford are jointly the ultimate controlling party of Amicon Limited.