AGH Holdings Ltd 13686292 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is property development. Digita Accounts Production Advanced 6.30.9574.0 true 13686292 2022-04-01 2023-03-31 13686292 2023-03-31 13686292 core:RetainedEarningsAccumulatedLosses 2023-03-31 13686292 core:ShareCapital 2023-03-31 13686292 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 13686292 core:FurnitureFittingsToolsEquipment 2023-03-31 13686292 bus:SmallEntities 2022-04-01 2023-03-31 13686292 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 13686292 bus:FullAccounts 2022-04-01 2023-03-31 13686292 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 13686292 bus:RegisteredOffice 2022-04-01 2023-03-31 13686292 bus:Director1 2022-04-01 2023-03-31 13686292 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 13686292 core:FurnitureFittings 2022-04-01 2023-03-31 13686292 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 13686292 countries:EnglandWales 2022-04-01 2023-03-31 13686292 2022-03-31 13686292 2021-10-18 2022-03-31 13686292 2022-03-31 13686292 core:RetainedEarningsAccumulatedLosses 2022-03-31 13686292 core:ShareCapital 2022-03-31 13686292 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure

Registration number: 13686292

AGH Holdings Ltd

Annual Report and Unaudited Financial Statements

for the Year Ended 31 March 2023

 

AGH Holdings Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 4

 

AGH Holdings Ltd

(Registration number: 13686292)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

2,797

-

Investment property

5

166,835

163,127

 

169,632

163,127

Current assets

 

Cash at bank and in hand

 

2,668

6,789

Creditors: Amounts falling due within one year

6

(181,961)

(169,816)

Net current liabilities

 

(179,293)

(163,027)

Net (liabilities)/assets

 

(9,661)

100

Capital and reserves

 

Called up share capital

100

100

Retained earnings

(9,761)

-

Shareholders' (deficit)/funds

 

(9,661)

100

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

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 director on 5 September 2023
 

.........................................
A G Hall
Director

 

AGH Holdings Ltd

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

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
The Fold
Rawtenstall
Rossendale
Lancashire
BB4 8EL
England

These financial statements were authorised for issue by the director on 5 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared in sterling (£) using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

AGH Holdings Ltd

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

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

10% reducing balance

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2022 - 1).

 

AGH Holdings Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

3,090

3,090

At 31 March 2023

3,090

3,090

Depreciation

Charge for the year

293

293

At 31 March 2023

293

293

Carrying amount

At 31 March 2023

2,797

2,797

5

Investment properties

2023
£

At 1 April

163,127

Additions

3,708

At 31 March

166,835

There has been no valuation of investment property by an independent valuer.

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Amounts owed to group undertakings and undertakings in which the company has a participating interest

181,588

169,427

Other creditors

 

373

389

 

181,961

169,816