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REGISTERED NUMBER: 10371300 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2021

FOR

AKM PROPERTY INVESTMENTS LIMITED

AKM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10371300)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AKM PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2021







DIRECTORS: Mr A Mulholland
Mrs K Mulholland





REGISTERED OFFICE: 5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX





REGISTERED NUMBER: 10371300 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

AKM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10371300)

STATEMENT OF FINANCIAL POSITION
30 SEPTEMBER 2021

2021 2020
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 16,612
Tangible assets 5 4,661 4,661
Investment properties 6 1,238,864 1,118,633
1,243,525 1,139,906

CURRENT ASSETS
Debtors 7 32,864 56,417
Cash at bank and in hand 26,638 13,936
59,502 70,353
CREDITORS
Amounts falling due within one year 8 443,228 434,479
NET CURRENT LIABILITIES (383,726 ) (364,126 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

859,799

775,780

CREDITORS
Amounts falling due after more than one
year

9

(709,540

)

(709,547

)

PROVISIONS FOR LIABILITIES (37,554 ) (14,710 )
NET ASSETS 112,705 51,523

CAPITAL AND RESERVES
Called up share capital 100 100
Non distributable reserves 11 160,098 62,711
Retained earnings (47,493 ) (11,288 )
SHAREHOLDERS' FUNDS 112,705 51,523

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2021.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2021 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.

AKM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10371300)

STATEMENT OF FINANCIAL POSITION - continued
30 SEPTEMBER 2021


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 2 September 2022 and were signed on its behalf by:





Mr A Mulholland - Director


AKM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10371300)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2021

1. STATUTORY INFORMATION

AKM Property Investments 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.

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.

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
No depreciation has been provided for the year.

Investment properties
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2020 - NIL).

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 October 2020 16,612
Impairments (16,612 )
At 30 September 2021 -
NET BOOK VALUE
At 30 September 2021 -
At 30 September 2020 16,612

AKM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10371300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2020
and 30 September 2021 4,661
NET BOOK VALUE
At 30 September 2021 4,661
At 30 September 2020 4,661

6. INVESTMENT PROPERTIES
Total
£   
FAIR VALUE
At 1 October 2020 1,118,633
Revaluations 120,231
At 30 September 2021 1,238,864
NET BOOK VALUE
At 30 September 2021 1,238,864
At 30 September 2020 1,118,633

Fair value at 30 September 2021 is represented by:
£   
Valuation in 2019 45,390
Valuation in 2020 32,031
Valuation in 2021 120,231
Cost 1,041,212
1,238,864

If the investment properties had not been revalued they would have been included at the following historical cost:

2021 2020
£    £   
Cost 1,041,212 1,041,212

The Investment properties were valued on an open market basis on 30 September 2021 by the directors .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Other debtors 32,864 56,417

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2021 2020
£    £   
Trade creditors 1,440 -
Taxation and social security 1,020 -
Other creditors 440,768 434,479
443,228 434,479

AKM PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 10371300)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2021

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2021 2020
£    £   
Bank loans 709,540 709,547

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans due after 5 years 709,540 709,547

10. SECURED DEBTS

The following secured debts are included within creditors:

2021 2020
£    £   
Bank loans 709,540 709,547

The loans are secured by way of a first charge over the fixed asset investment properties, some of which contain a negative pledge.

11. RESERVES
Non
distributable
reserves
£   
At 1 October 2020 62,711
Transfer 97,387

At 30 September 2021 160,098

12. RELATED PARTY DISCLOSURES

At 30 September 2021 an amount of £294,000 (2020: £294,000) was owed to related companies in which a director has an interest.