AW 2001 Limited 05243357 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is the letting of own property Digita Accounts Production Advanced 6.30.9574.0 Software true 05243357 2023-04-01 2024-03-31 05243357 2024-03-31 05243357 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2024-03-31 05243357 core:RetainedEarningsAccumulatedLosses 2024-03-31 05243357 core:RevaluationReserve 2024-03-31 05243357 core:ShareCapital 2024-03-31 05243357 core:CurrentFinancialInstruments 2024-03-31 05243357 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 05243357 core:FurnitureFittingsToolsEquipment 2024-03-31 05243357 core:LandBuildings 2024-03-31 05243357 bus:SmallEntities 2023-04-01 2024-03-31 05243357 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 05243357 bus:FullAccounts 2023-04-01 2024-03-31 05243357 bus:RegisteredOffice 2023-04-01 2024-03-31 05243357 bus:CompanySecretaryDirector1 2023-04-01 2024-03-31 05243357 bus:Director1 2023-04-01 2024-03-31 05243357 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-04-01 2024-03-31 05243357 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 05243357 core:FurnitureFittings 2023-04-01 2024-03-31 05243357 core:LandBuildings 2023-04-01 2024-03-31 05243357 countries:AllCountries 2023-04-01 2024-03-31 05243357 2023-03-31 05243357 core:FurnitureFittingsToolsEquipment 2023-03-31 05243357 core:LandBuildings 2023-03-31 05243357 2022-04-01 2023-03-31 05243357 2023-03-31 05243357 bus:OrdinaryShareClass1 bus:Non-cumulativeShares 2023-03-31 05243357 core:RetainedEarningsAccumulatedLosses 2023-03-31 05243357 core:RevaluationReserve 2023-03-31 05243357 core:ShareCapital 2023-03-31 05243357 core:CurrentFinancialInstruments 2023-03-31 05243357 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 05243357 core:FurnitureFittingsToolsEquipment 2023-03-31 05243357 core:LandBuildings 2023-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 05243357

AW 2001 Limited

Annual Report and

Unaudited Financial Statements


for the Year Ended 31 March 2024

 

AW 2001 Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3 to 5

 

AW 2001 Limited

Company Information

Directors

Mrs V E A Williams

Mr D G Williams

Company secretary

Mr D G Williams

Registered office

4 Camden Crescent
Brecon
Powys
LD3 7BY

 

Accountants

W J James & Co
Bishop House
10 Wheat Street
Brecon
Powys
LD3 7DG

 

AW 2001 Limited

(Registration number: 05243357)

Balance Sheet
as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

325,435

325,435

Current assets

 

Debtors

5

2,078

1,671

Creditors: Amounts falling due within one year

6

(214,852)

(220,017)

Net current liabilities

 

(212,774)

(218,346)

Net assets

 

112,661

107,089

Capital and reserves

 

Called up share capital

100

100

Fair value reserve

14,935

14,935

Profit and loss account

97,626

92,054

Total equity

 

112,661

107,089

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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.

The profit and loss account and directors' report have not been delivered to the Registrar of Companies in accordance with the special provisions applicable to companies subject to the small companies regime.

Approved and authorised by the Board on 8 April 2024 and signed on its behalf by:
 

.........................................

Mrs V E A Williams

Director

 

AW 2001 Limited

Notes to the Financial Statements
for the Year Ended 31 March 2024

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:
4 Camden Crescent
Brecon
Powys
LD3 7BY

These financial statements were authorised for issue by the Board on 8 April 2024.

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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

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

The financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £1.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable in respect of rent in the ordinary course of the company’s activities.

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.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

AW 2001 Limited

Notes to the Financial Statements
for the Year Ended 31 March 2024

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.

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

33% on cost

Investment property

Investment properties are carried at fair value. Gains or losses are recognised in the income statement, and deferred tax is provided on any such gains at the rate expected to be applied when the properties are sold.

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 directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Land and buildings
£

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 April 2023

325,435

3,023

328,458

At 31 March 2024

325,435

3,023

328,458

Depreciation

At 1 April 2023

-

3,023

3,023

At 31 March 2024

-

3,023

3,023

Carrying amount

At 31 March 2024

325,435

-

325,435

At 31 March 2023

325,435

-

325,435

Included within the net book value of land and buildings above is £325,435 (2023 - £325,435) in respect of long leasehold land and buildings.
 

 

AW 2001 Limited

Notes to the Financial Statements
for the Year Ended 31 March 2024

Revaluation

The fair value of the company's investment properties was revalued on 31 March 2023. An independent valuer was not involved.

The investment properties were valued by the directors using an open market valuation.
.
Had this class of asset been measured on a historical cost basis, the carrying amount would have been £310,500 (2023 - £310,500).

5

Debtors

2024
£

2023
£

Prepayments

2,078

1,671

2,078

1,671

6

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Due within one year

Accruals and deferred income

2,927

2,927

Other creditors

211,925

217,090

214,852

220,017

7

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100