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REGISTERED NUMBER: 12816079 (England and Wales)















Abridged Unaudited Financial Statements for the Year Ended 31 March 2023

for

AG Properties (Worcestershire) Limited

AG Properties (Worcestershire) Limited (Registered number: 12816079)






Contents of the Financial Statements
for the Year Ended 31 March 2023




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


AG Properties (Worcestershire) Limited (Registered number: 12816079)

Abridged Balance Sheet
31 March 2023

31.3.23 31.3.22
£    £   
CURRENT ASSETS
Stocks 1,135,177 365,343
Debtors 1,906 100
Cash at bank 4,694 25,034
1,141,777 390,477
CREDITORS
Amounts falling due within one year 1,106,288 382,393
NET CURRENT ASSETS 35,489 8,084
TOTAL ASSETS LESS CURRENT
LIABILITIES

35,489

8,084

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 35,389 7,984
35,489 8,084

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 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.

AG Properties (Worcestershire) Limited (Registered number: 12816079)

Abridged Balance Sheet - continued
31 March 2023


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 September 2023 and were signed on its behalf by:





Mr R W Apted - Director


AG Properties (Worcestershire) Limited (Registered number: 12816079)

Notes to the Financial Statements
for the Year Ended 31 March 2023

1. STATUTORY INFORMATION

AG Properties (Worcestershire) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 12816079

Registered office: 26-28 Kempton Road
Keytec 7 Business Park
Pershore
Worcestershire
WR10 2TA

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents the value of goods and services provided under contracts to the extent that there is a right to consideration and is recorded at the fair value of the consideration received or receivable.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Property development costs are recognised as work in progress where it is probable that the costs will be recovered. Costs that will not be recovered are recognised immediately as an expense.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.


AG Properties (Worcestershire) Limited (Registered number: 12816079)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2023

2. ACCOUNTING POLICIES - continued
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).