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REGISTERED NUMBER: 04669173 (England and Wales)















Unaudited Financial Statements for the Year Ended 28 February 2022

for

Andrew Street Properties Limited

Andrew Street Properties Limited (Registered number: 04669173)






Contents of the Financial Statements
for the Year Ended 28 February 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Andrew Street Properties Limited

Company Information
for the Year Ended 28 February 2022







DIRECTORS: Ms S Beechey
F Beechey





REGISTERED OFFICE: The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT





REGISTERED NUMBER: 04669173 (England and Wales)





ACCOUNTANTS: Fisher Michael
The Old Grange
Warren Estate
Lordship Road
Writtle
Essex
CM1 3WT

Andrew Street Properties Limited (Registered number: 04669173)

Balance Sheet
28 February 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,356 7,968
Investment property 5 4,955,000 4,955,000
4,961,356 4,962,968

CURRENT ASSETS
Debtors 6 2,132 774
Cash at bank 43,070 34,681
45,202 35,455
CREDITORS
Amounts falling due within one year 7 130,920 897,335
NET CURRENT LIABILITIES (85,718 ) (861,880 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,875,638

4,101,088

CREDITORS
Amounts falling due after more than one
year

8

(2,485,437

)

(1,767,634

)

PROVISIONS FOR LIABILITIES (225,020 ) (225,020 )
NET ASSETS 2,165,181 2,108,434

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 1,733,536 1,733,536
Retained earnings 431,545 374,798
SHAREHOLDERS' FUNDS 2,165,181 2,108,434

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Andrew Street Properties Limited (Registered number: 04669173)

Balance Sheet - continued
28 February 2022


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 28 August 2022 and were signed on its behalf by:





F Beechey - Director


Andrew Street Properties Limited (Registered number: 04669173)

Notes to the Financial Statements
for the Year Ended 28 February 2022

1. STATUTORY INFORMATION

Andrew Street Properties 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 company is not part of a group.

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.

Significant judgements and estimates
No significant judgements or estimations have been applied in the preparation of the financial statements.

Tangible fixed assets
Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

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

- Plant and Machinery etc - 20% reducing balance and 33% straight line

Investment property
The investment property is included at fair value. Gains are recognised in the income statement and subsequently transferred to the fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the properties are sold.

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 and loans from related parties.

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.

Andrew Street Properties Limited (Registered number: 04669173)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

2. ACCOUNTING POLICIES - continued

Going concern
The accounts have been prepared on the going concern basis which assumes the continued support of the directors and shareholders. The directors have confirmed that this support will continue and believe that no adjustments relating to the company's ability to continue as a going concern need to be made to these financial statements.

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Other financial liabilities, including bank loans are also measured at transaction price since the difference between this basis and the amortised cost basis is not material.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 4 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 March 2021
and 28 February 2022 25,779
DEPRECIATION
At 1 March 2021 17,811
Charge for year 1,612
At 28 February 2022 19,423
NET BOOK VALUE
At 28 February 2022 6,356
At 28 February 2021 7,968

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 March 2021
and 28 February 2022 4,955,000
NET BOOK VALUE
At 28 February 2022 4,955,000
At 28 February 2021 4,955,000

Andrew Street Properties Limited (Registered number: 04669173)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2022

5. INVESTMENT PROPERTY - continued

Cost or valuation at 28 February 2022 is represented by:
£   
Valuation in 2020 1,196,934
Valuation in 2021 761,623
Cost 2,996,443
4,955,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Other debtors 2,132 774

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Bank loans and overdrafts 46,075 45,398
Taxation and social security 13,685 8,051
Other creditors 71,160 843,886
130,920 897,335

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2022 2021
£    £   
Bank loans 1,739,017 1,767,634
Other creditors 746,420 -
2,485,437 1,767,634

9. SECURED DEBTS

The following secured debts are included within creditors:

2022 2021
£    £   
Mortgage 1,785,092 1,813,032

The above debts are secured against the properties on which the relevant mortgage relates to.