Registered number
02217537
ALLPROPERTY UK LIMITED
Filleted Accounts
30 April 2023
ALLPROPERTY UK LIMITED
Registered number: 02217537
Balance Sheet
as at 30 April 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 1,543,759 1,543,759
Current assets
Debtors 4 6,500 46,345
Cash at bank and in hand 32,396 59,962
38,896 106,307
Creditors: amounts falling due within one year 5 (519,922) (481,608)
Net current liabilities (481,026) (375,301)
Net assets 1,062,733 1,168,458
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 775,065 775,065
Profit and loss account 287,568 393,293
Shareholders' funds 1,062,733 1,168,458
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Signed on behalf of the board of directors
…………………………
G C Howard
Director
Approved by the board : on 9 October 2023
ALLPROPERTY UK LIMITED
Notes to the Accounts
for the year ended 30 April 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover represents rents and consultancy fees received during the year .
Investment properties
Interests in land and buildings comprising freehold property held for their investment potential are included in the accounts at directors valuatuon (being an approximation of the open market value) and are not subjet to depreciation charges.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. As Investment property is held for long term investment the potential liability arising in respect of the surplus on revaluation has not been provided for in these accounts.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2022 1,543,759
At 30 April 2023 1,543,759
Net book value
At 30 April 2023 1,543,759
At 30 April 2022 1,543,759
Freehold land and buildings: 2023 2022
£ £
Historical cost 768,694 768,694
4 Debtors 2023 2022
£ £
Other debtors 6,500 46,345
5 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts 512,493 465,743
Other creditors 7,429 15,865
519,922 481,608
6 Loans 2023 2022
£ £
Creditors include:
Secured bank loans 512,493 465,743
The bank loans are secured by mortages over the companys land and buildings
7 Revaluation reserve 2023 2022
£ £
At 1 May 2022 775,065 730,065
Gain on revaluation of land and buildings - 45,000
At 30 April 2023 775,065 775,065
8 Related party transactions
During the year the company charged consultancy fees of £Nil (2022 £20,000) and management
fees of £9,716 (2022 £2,000 ) to A H Filley & Company Limited of which Mr G C Howard is a
director and shareholder.
Included in other creditors is a debt owing to A H Filley & Company Limited of £4,000
(2022 £13,716)
9 Other information
ALLPROPERTY UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Wren Cottage
Old Horsham Road
Beare Green
Dorking
RH5 4RA
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