Registration number:
Extrahold Limited
for the Year Ended 31 January 2022
Extrahold Limited
Contents
Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
Extrahold Limited
Company Information
Director |
Mr Stevie Lee Pattinson |
Registered office |
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Accountants |
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Extrahold Limited
(Registration number: 07035579)
Balance Sheet as at 31 January 2022
Note |
2022 |
2021 |
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Fixed assets |
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Investment properties |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Net assets |
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Capital and reserves |
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Called up share capital |
100 |
100 |
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Retained earnings |
333,125 |
311,075 |
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Shareholders' funds |
333,225 |
311,175 |
For the financial year ending 31 January 2022 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
Extrahold Limited
(Registration number: 07035579)
Balance Sheet as at 31 January 2022 (continued)
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.
These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.
Approved and authorised by the
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Extrahold Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022
General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
These financial statements were authorised for issue by the
Accounting policies |
Statement of compliance
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
Basis of preparation
These financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit and loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover represents rental income received. Rental income is recognised on an accruals basis.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Fixtures and Fittings |
20% straight line |
Extrahold Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022 (continued)
2 |
Accounting policies (continued) |
Investment properties
Staff numbers |
The average number of persons employed by the company (including the director) during the year, was
Tangible assets |
Fixtures and fittings |
Total |
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Cost or valuation |
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At 1 February 2021 |
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At 31 January 2022 |
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Depreciation |
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At 1 February 2021 |
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At 31 January 2022 |
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Carrying amount |
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At 31 January 2022 |
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Investment properties |
2022 |
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At 1 February 2021 |
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Additions |
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At 31 January 2022 |
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Investment properties are shown at cost. The director does not believe that the market value is materially different to the value shown in the accounts.
Extrahold Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022 (continued)
Debtors |
Current |
2022 |
2021 |
Trade debtors |
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Prepayments |
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Creditors |
Creditors: amounts falling due within one year
Note |
2022 |
2021 |
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Due within one year |
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Loans and borrowings |
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Trade creditors |
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Amounts owed to group undertakings and undertakings in which the company has a participating interest |
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Taxation and social security |
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Other creditors |
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Creditors: amounts falling due after more than one year
Note |
2022 |
2021 |
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Due after one year |
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Loans and borrowings |
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Included within creditors due within one year, and due in more than one year, is a secured bank
loan of £1,693,430 (2021: £1,735,926).
This bank loan is secured by way of a mortgage debenture over the investment properties of the
company.
Extrahold Limited
Notes to the Unaudited Financial Statements for the Year Ended 31 January 2022 (continued)
Related party transactions |
Included in creditors due within one year is £890,530 (2021: £784,864) owed to the company director and his close family members.