Caseware UK (AP4) 2021.0.152 2021.0.152 2021-11-302021-11-30falsetrue3false2020-12-01Property Investment3The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 04091320 2020-12-01 2021-11-30 04091320 2019-12-01 2020-11-30 04091320 2021-11-30 04091320 2020-11-30 04091320 c:Director3 2020-12-01 2021-11-30 04091320 d:CurrentFinancialInstruments 2021-11-30 04091320 d:CurrentFinancialInstruments 2020-11-30 04091320 d:CurrentFinancialInstruments d:WithinOneYear 2021-11-30 04091320 d:CurrentFinancialInstruments d:WithinOneYear 2020-11-30 04091320 d:ShareCapital 2021-11-30 04091320 d:ShareCapital 2020-11-30 04091320 d:RetainedEarningsAccumulatedLosses 2020-12-01 2021-11-30 04091320 d:RetainedEarningsAccumulatedLosses 2021-11-30 04091320 d:RetainedEarningsAccumulatedLosses 2020-11-30 04091320 c:FRS102 2020-12-01 2021-11-30 04091320 c:AuditExempt-NoAccountantsReport 2020-12-01 2021-11-30 04091320 c:FullAccounts 2020-12-01 2021-11-30 04091320 c:PrivateLimitedCompanyLtd 2020-12-01 2021-11-30 04091320 6 2020-12-01 2021-11-30 iso4217:GBP xbrli:pure

Registered number: 04091320









AFA ESTATES LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 NOVEMBER 2021

 
AFA ESTATES LIMITED
 

CONTENTS



Page
Balance Sheet
 
1 - 2
Notes to the Financial Statements
 
3 - 5


 
AFA ESTATES LIMITED
REGISTERED NUMBER: 04091320

BALANCE SHEET
AS AT 30 NOVEMBER 2021

2021
2020
Note
£
£

Fixed assets
  

Investments
 4 
25,000
25,000

  
25,000
25,000

Current assets
  

Debtors: amounts falling due within one year
 5 
150
150

Cash at bank and in hand
 6 
74,789
77,881

  
74,939
78,031

Creditors: amounts falling due within one year
 7 
(2,525)
(2,525)

Net current assets
  
 
 
72,414
 
 
75,506

Total assets less current liabilities
  
97,414
100,506

  

Net assets
  
97,414
100,506


Capital and reserves
  

Called up share capital 
  
150
150

Profit and loss account
 8 
97,264
100,356

  
97,414
100,506


Page 1

 
AFA ESTATES LIMITED
REGISTERED NUMBER: 04091320
    
BALANCE SHEET (CONTINUED)
AS AT 30 NOVEMBER 2021

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 June 2022.




S Mattey
Director

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
AFA ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

1.


General information

AFA Estates Limited is a private company, limited by shares and incorporated in England and Wales, United Kingdom, with a registration number 04091320. The address of the registered office is Lawrence House, Goodwyn Avenue, Mill Hill, London, NW7 3RH. The principal activity of the company is that of an investment holding company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the Company's accounting policies.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

The following principal accounting policies have been applied:

 
2.2

Valuation of investments

Investments in unlisted Company shares, whose market value can be reliably determined, are remeasured to market value at each balance sheet date. Gains and losses on remeasurement are recognised in the Statement of Comprehensive Income for the period. Where market value cannot be reliably determined, such investments are stated at historic cost less impairment.

 
2.3

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.4

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

 
2.5

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2020 - 3).

Page 3

 
AFA ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

4.


Fixed asset investments





Investments in Associates

£



Cost or valuation


At 1 December 2020
25,000



At 30 November 2021
25,000




Page 4

 
AFA ESTATES LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2021

5.


Debtors

2021
2020
£
£


Other debtors
150
150

150
150



6.


Cash and cash equivalents

2021
2020
£
£

Cash at bank and in hand
74,789
77,881

74,789
77,881



7.


Creditors: Amounts falling due within one year

2021
2020
£
£

Accruals and deferred income
2,525
2,525

2,525
2,525



8.


Reserves

Profit & loss account

The profit and loss account represents cumulative distributable profits and losses net of dividends and other adjustments.

 
Page 5