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REGISTERED NUMBER: 10900168 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 AUGUST 2023

FOR

AY2 PROPERTY DEVELOPMENT LTD

AY2 PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 10900168)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AY2 PROPERTY DEVELOPMENT LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 AUGUST 2023







DIRECTORS: M J Blay
Ms H McMurray





REGISTERED OFFICE: The Willows Somerswey
Shalford
Guildford
Surrey
GU4 8EQ





REGISTERED NUMBER: 10900168 (England and Wales)





ACCOUNTANTS: Numera Partners LLP
4th Floor
Charles House
108-110 Finchley Road
London
NW3 5JJ

AY2 PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 10900168)

BALANCE SHEET
31 AUGUST 2023

31.8.23 31.8.22
Notes £    £   
CURRENT ASSETS
Stocks 719,468 692,371
Debtors 4 301,345 3,163
Cash at bank 5,030 5,600
1,025,843 701,134
CREDITORS
Amounts falling due within one year 5 587,955 241,221
NET CURRENT ASSETS 437,888 459,913
TOTAL ASSETS LESS CURRENT
LIABILITIES

437,888

459,913

CREDITORS
Amounts falling due after more than one year 6 19,167 29,167
NET ASSETS 418,721 430,746

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 418,621 430,646
418,721 430,746

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

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

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 23 November 2023 and were signed on its behalf by:





M J Blay - Director


AY2 PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 10900168)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 AUGUST 2023

1. STATUTORY INFORMATION

AY2 Property Development Ltd 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 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.

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

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.

3. EMPLOYEES AND DIRECTORS

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

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Other debtors 301,345 3,163

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts 10,000 10,000
Trade creditors 20,000 20,001
Taxation and social security 117,904 113,982
Other creditors 440,051 97,238
587,955 241,221

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans 19,167 29,167

AY2 PROPERTY DEVELOPMENT LTD (REGISTERED NUMBER: 10900168)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 AUGUST 2023

7. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 August 2023 and 31 August 2022:

31.8.23 31.8.22
£    £   
M J Blay
Balance outstanding at start of year (208 ) 4,792
Amounts advanced 192,976 -
Amounts repaid - (5,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 192,768 (208 )

D M McMurray
Balance outstanding at start of year (22,907 ) -
Amounts advanced 22,907 -
Amounts repaid - (22,907 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year - (22,907 )

Ms H McMurray
Balance outstanding at start of year - -
Amounts advanced 108,233 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 108,233 -

The overdrawn balances were repaid after the year end.