Registered number
13714069
Achuza Properties Ltd
Filleted Accounts
30 November 2023
Achuza Properties Ltd
Registered number: 13714069
Balance Sheet
as at 30 November 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 735,000 735,000
Current assets
Debtors 4 33,728 18,078
Cash at bank and in hand 21,797 27,770
55,525 45,848
Creditors: amounts falling due within one year 5 (259,821) (257,848)
Net current liabilities (204,296) (212,000)
Total assets less current liabilities 530,704 523,000
Creditors: amounts falling due after more than one year 6 (520,451) (520,451)
Net assets 10,253 2,549
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 35,751 35,751
Profit and loss account (25,499) (33,203)
Shareholders' funds 10,253 2,549
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.
Y Neumann
Director
Approved by the board on 23 February 2024
Achuza Properties Ltd
Notes to the Accounts
for the year ended 30 November 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention 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).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 December 2022 735,000
At 30 November 2023 735,000
Depreciation
At 30 November 2023 -
Net book value
At 30 November 2023 735,000
At 30 November 2022 735,000
4 Debtors 2023 2022
£ £
Other debtors 33,728 18,078
5 Creditors: amounts falling due within one year 2023 2022
£ £
Trade creditors 5,218 15,576
Other creditors 254,603 242,272
259,821 257,848
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 520,451 520,451
7 Revaluation reserve 2023 2022
£ £
At 1 December 2022 35,751 -
Gain on revaluation of land and buildings - 35,751
At 30 November 2023 35,751 35,751
8 Other information
Achuza Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
23 Warwick Ave
Edgeware
London
HA8 8UQ
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