Agercon Holdings Limited - Accounts to registrar (filleted) - small 18.2

Agercon Holdings Limited - Accounts to registrar (filleted) - small 18.2

AGERCON HOLDINGS LIMITED - Company Information

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REGISTERED NUMBER: 08537135 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31st May 2020

for

Agercon Holdings Limited
Agercon Holdings Limited (Registered number: 08537135)






Contents of the Financial Statements
for the year ended 31st May 2020




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


Agercon Holdings Limited

Company Information
for the year ended 31st May 2020







DIRECTOR: P A Chaplin





REGISTERED OFFICE: 373 Beverley Road
Hull
HU5 1LA





REGISTERED NUMBER: 08537135 (England and Wales)





ACCOUNTANTS: cbaSadofskys
Chartered Accountants
Princes House
Wright Street
Hull
East Yorkshire
HU2 8HX
Page 1
Agercon Holdings Limited (Registered number: 08537135)

Abridged Balance Sheet
31st May 2020

2020 2019
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,950,000 2,950,000
Investments 5 100 100
2,950,100 2,950,100

CURRENT ASSETS
Debtors 5,823 110,748

CREDITORS
Amounts falling due within one year 80,704 84,075
NET CURRENT (LIABILITIES)/ASSETS (74,881 ) 26,673
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,875,219
2,976,773

CREDITORS
Amounts falling due after more than one
year
(2,248,993
)
(2,396,789
)

PROVISIONS FOR LIABILITIES (47,500 ) (47,500 )
NET ASSETS 578,726 532,484

CAPITAL AND RESERVES
Called up share capital 6 100 100
Fair value reserve 7 250,000 250,000
Retained earnings 328,626 282,384
SHAREHOLDERS' FUNDS 578,726 532,484

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st May 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2020 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 notes form part of these financial statements

Page 2 continued...
Agercon Holdings Limited (Registered number: 08537135)

Abridged Balance Sheet - continued
31st May 2020


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31st May 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 22nd February 2021 and were signed by:





P A Chaplin - Director


The notes form part of these financial statements

Page 3
Agercon Holdings Limited (Registered number: 08537135)

Notes to the Financial Statements
for the year ended 31st May 2020

1. STATUTORY INFORMATION

Agercon Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 - not provided as it is stated at fair value.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 NIL (2019 - NIL).

Page 4 continued...
Agercon Holdings Limited (Registered number: 08537135)

Notes to the Financial Statements - continued
for the year ended 31st May 2020

4. TANGIBLE FIXED ASSETS
Totals
£   
COST OR VALUATION
At 1st June 2019
and 31st May 2020 2,950,000
NET BOOK VALUE
At 31st May 2020 2,950,000
At 31st May 2019 2,950,000

Cost or valuation at 31st May 2020 is represented by:

Totals
£   
Valuation in 2018 250,000
Cost 2,700,000
2,950,000

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

2020 2019
£    £   
Cost 2,700,000 2,700,000

Freehold property was valued on an open market basis on 8th November 2018 by Knight Frank and remains appropriate .

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1st June 2019
and 31st May 2020 100
NET BOOK VALUE
At 31st May 2020 100
At 31st May 2019 100

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2020 2019
value: £    £   
100 Ordinary £1 100 100

Page 5 continued...
Agercon Holdings Limited (Registered number: 08537135)

Notes to the Financial Statements - continued
for the year ended 31st May 2020

7. RESERVES
Fair
value
reserve
£   
At 1st June 2019
and 31st May 2020 250,000

8. RELATED PARTY DISCLOSURES

At 31st May 2020 the following inter company loans were due from the following related entities

Beech Grove Developments Limited nil (2019: £104,331)



At 31st May 2020 the following inter company loans were due to the following related entities

Agercon Limited £2,248,993 (2019: £2,396,789)

9. CONTROL

During the period under review the company was controlled by P.A. Chaplin.

10. EXEMPTION FROM PREPARING GROUP ACCOUNTS

The company is the parent of a small group and has taken advantage of the exemption from preparing group accounts provided by Section 398 of the Companies Act 2006.

Page 6