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REGISTERED NUMBER: 08068815 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST MAY 2023

FOR

ANDRE WEBB PROPERTY MANAGEMENT LIMITED

ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANDRE WEBB PROPERTY MANAGEMENT LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31ST MAY 2023







DIRECTOR: A N Webb





REGISTERED OFFICE: 11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG





REGISTERED NUMBER: 08068815 (England and Wales)





ACCOUNTANTS: NKT Accountants
11 Kings Court
Willie Snaith Road
Newmarket
Suffolk
CB8 7SG

ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815)

BALANCE SHEET
31ST MAY 2023

31/5/23 31/5/22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 564,000 590,000

CURRENT ASSETS
Cash at bank 1,926 10,709

CREDITORS
Amounts falling due within one year 5 270,371 285,843
NET CURRENT LIABILITIES (268,445 ) (275,134 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

295,555

314,866

PROVISIONS FOR LIABILITIES 32,070 37,010
NET ASSETS 263,485 277,856

CAPITAL AND RESERVES
Called up share capital 10 10
Revaluation reserve 6 174,749 195,809
Retained earnings 88,726 82,037
SHAREHOLDERS' FUNDS 263,485 277,856

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st May 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815)

BALANCE SHEET - continued
31ST MAY 2023


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 director and authorised for issue on 8th February 2024 and were signed by:





A N Webb - Director


ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31ST MAY 2023

1. STATUTORY INFORMATION

Andre Webb Property Management Limited 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.

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 as modified by the revaluation of certain assets.

Turnover
Revenue includes rental income and service charges from properties.

Rental income from operating leases is recognised on a straight-line basis over the lease term. When the Group provides incentives to its tenants, the cost of incentives is recognised over the lease term, on a straight-line basis, as a reduction of rental income.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st June 2022 590,000
Revaluations (26,000 )
At 31st May 2023 564,000
NET BOOK VALUE
At 31st May 2023 564,000
At 31st May 2022 590,000

ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31st May 2023 is represented by:
£   
Valuation in 2015 41,238
Valuation in 2016 15,000
Valuation in 2017 21,581
Valuation in 2018 14,000
Valuation in 2019 18,000
Valuation in 2020 5,000
Valuation in 2021 45,000
Valuation in 2022 73,000
Valuation in 2023 (26,000 )
Cost 357,181
564,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/5/23 31/5/22
£    £   
Taxation and social security 1,569 1,639
Other creditors 268,802 284,204
270,371 285,843

6. RESERVES
Revaluation
reserve
£   
At 1st June 2022 195,809
Revaluations in year (26,000 )
Deferred Tax on revaluation 4,940

At 31st May 2023 174,749

ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815)

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

7. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31st May 2023 and 31st May 2022:

31/5/23 31/5/22
£    £   
A N Webb
Balance outstanding at start of year (283,711 ) (299,022 )
Amounts advanced 15,401 65,311
Amounts repaid - (50,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (268,310 ) (283,711 )

8. ULTIMATE CONTROLLING PARTY

The controlling party is A N Webb.