REGISTERED NUMBER: |
Agincourt Capital Ltd |
Unaudited Financial Statements |
for the Year Ended 28 March 2023 |
REGISTERED NUMBER: |
Agincourt Capital Ltd |
Unaudited Financial Statements |
for the Year Ended 28 March 2023 |
Agincourt Capital Ltd (Registered number: 03866557) |
Contents of the Financial Statements |
for the Year Ended 28 March 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Agincourt Capital Ltd |
Company Information |
for the Year Ended 28 March 2023 |
DIRECTOR: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants & Business Advisors |
Highdale House |
7 Centre Court |
Treforest Industrial Estate |
Pontypridd |
Rhondda Cynon Taff |
CF37 5YR |
Agincourt Capital Ltd (Registered number: 03866557) |
Balance Sheet |
28 March 2023 |
28.3.23 | 28.3.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 8 |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | ( |
) | ( |
) |
( |
) | ( |
) |
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. |
Agincourt Capital Ltd (Registered number: 03866557) |
Balance Sheet - continued |
28 March 2023 |
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 |
Agincourt Capital Ltd (Registered number: 03866557) |
Notes to the Financial Statements |
for the Year Ended 28 March 2023 |
1. | STATUTORY INFORMATION |
Agincourt Capital Ltd is a |
The presentation currency of the financial statements is the Pound Sterling (£). |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on a going concern basis. The directors have considered the assets and liabilities of the company and are of the opinion that the company will continue to meet its liabilities as they fall due, with the financial support of the directors. The directors are satisfied that the company is a going concern. |
Turnover |
Turnover represents rental income earned by the company. Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates and taxes. |
Rental income is recognised in line with the period for which it is due. |
Tangible fixed assets |
Plant and machinery | - |
Investment property |
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. |
Investment properties are then reviewed annually to ensure that an accurate amount is carried for each property. |
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. |
Going concern |
The Director believes that although the company has net current and net liabilities that it should be treated as a going concern. The Director believes that there are sufficient resources and support in place to meet the commitments of the company. |
Agincourt Capital Ltd (Registered number: 03866557) |
Notes to the Financial Statements - continued |
for the Year Ended 28 March 2023 |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
£ |
COST |
At 29 March 2022 |
and 28 March 2023 |
DEPRECIATION |
At 29 March 2022 |
and 28 March 2023 |
NET BOOK VALUE |
At 28 March 2023 |
At 28 March 2022 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 29 March 2022 |
Disposals | ( |
) |
At 28 March 2023 |
NET BOOK VALUE |
At 28 March 2023 |
At 28 March 2022 |
The Director has assessed the carrying value of the Investment Properties held at the 28th March 2023. The Director believes that the properties are in line with their open market value and that the carrying value is still reasonable. |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.3.23 | 28.3.22 |
£ | £ |
Trade debtors |
Other debtors |
Agincourt Capital Ltd (Registered number: 03866557) |
Notes to the Financial Statements - continued |
for the Year Ended 28 March 2023 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
28.3.23 | 28.3.22 |
£ | £ |
Trade creditors |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
28.3.23 | 28.3.22 |
£ | £ |
Bank loans |
Amounts falling due in more than five years: |
Repayable by instalments |
Bank loans more 5 yr by instal | 780,603 | 902,680 |
9. | SECURED DEBTS |
The following secured debts are included within creditors: |
28.3.23 | 28.3.22 |
£ | £ |
Bank loans |
10. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company owed £107,217 (2022: £107,653) to companies under common control. No interest is charged on these amounts. |
At the balance sheet date the company owed £637,450 (2022: £606,623) to companies with a common Director. No interest is charged on these amounts. |
At the balance sheet date the company was owed £1,004,889 (2022: £717,620) by companies with a common Director. No interest is charged on the amount due. |
11. | ULTIMATE CONTROLLING PARTY |
The controlling party is A E McCarthy. |
The ultimate controlling party is |