Astute Estates Ltd - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 06989810 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 25 AUGUST 2021 TO 23 AUGUST 2022

FOR

ASTUTE ESTATES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

P R Elliott

Ms A M Geraghty

SECRETARY:

Ms A M Geraghty

REGISTERED OFFICE:

Hilton House

Lord Street

Stockport

SK1 3NA

REGISTERED NUMBER:

06989810 (England and Wales)

ACCOUNTANTS:

Connaughton & Co

2nd Floor, Boulton House

17-21 Chorlton Street

Manchester

M1 3HY

FIXED ASSETS

Tangible assets

4

8,333

9,855

CURRENT ASSETS

Stocks

376,991

302,267

Debtors

5

123,800

178,392

Cash at bank

31,322

12,408

532,113

493,067

CREDITORS

Amounts falling due within one year

6

211,091

136,393

NET CURRENT ASSETS

321,022

356,674

TOTAL ASSETS LESS CURRENT LIABILITIES

329,355

366,529

CREDITORS

Amounts falling due after more than one year

7

(213,865

)

(243,106

)

PROVISIONS FOR LIABILITIES

9

(1,217

)

(1,425

)

NET ASSETS

114,273

121,998

CAPITAL AND RESERVES

Called up share capital

10

2

2

Retained earnings

11

114,271

121,996

SHAREHOLDERS' FUNDS

114,273

121,998

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 23 August 2022.

The members have not required the company to obtain an audit of its financial statements for the period ended 23 August 2022 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 22 August 2023 and were signed on its behalf by:

P R Elliott - Director

1.	STATUTORY INFORMATION

Astute Estates Ltd 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.

Tangible fixed assets

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

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.

Taxation

Taxation for the period 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 period 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the period was 10 (2021 - 8 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 25 August 2021

25,418

Additions

1,256

At 23 August 2022

26,674

DEPRECIATION

At 25 August 2021

15,563

Charge for period

2,778

At 23 August 2022

18,341

NET BOOK VALUE

At 23 August 2022

8,333

At 24 August 2021

9,855

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.8.22

24.8.21

£

£

Amounts owed by associates

84,374

84,374

Other debtors

26,381

-

VAT

12,348

18,069

Prepayments and accrued income

697

75,949

123,800

178,392

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

23.8.22

24.8.21

£

£

Bank loans and overdrafts

16,667

25,000

Other loans

12,871

11,885

Trade creditors

2,430

10,670

Tax

50,204

48,249

Social security and other taxes

13,415

8,188

Other creditors

745

620

Business card

3,678

2,136

Wages control account

14,811

12,176

Directors' loan accounts

95,290

16,196

Accruals and deferred income

980

1,273

211,091

136,393

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

23.8.22

24.8.21

£

£

Bank loans - 1-2 years

-

16,667

Other loans - 1-2 years

13,938

12,871

Other loans - 2-5 years

49,136

45,374

Other loans more 5yrs instal

150,791

168,194

213,865

243,106

Amounts falling due in more than five years:

Repayable by instalments

Other loans more 5yrs instal

150,791

168,194

8.	SECURED DEBTS

The following secured debts are included within creditors:

23.8.22

24.8.21

£

£

Other loans

226,736

238,324

The other loans are secured by way of fixed and floating charges over the assets of the company.

9.	PROVISIONS FOR LIABILITIES

23.8.22

24.8.21

£

£

Deferred tax

1,217

1,425

Deferred

tax

£

Balance at 25 August 2021

1,425

Accelerated capital allowances

(208

)

Balance at 23 August 2022

1,217

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

23.8.22

24.8.21

value:

£

£

2

Ordinary

£1

2

2

11.

RESERVES

Retained

earnings

£

At 25 August 2021

121,996

Deficit for the period

(3,725

)

Dividends

(4,000

)

At 23 August 2022

114,271