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REGISTERED NUMBER: 11711030 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 July 2023

for

AG Propinvest Limited

AG Propinvest Limited (Registered number: 11711030)

Contents of the Financial Statements
for the Year Ended 31 July 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AG Propinvest Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr G K Grover
MRS D Grover





SECRETARY: MRS D Grover





REGISTERED OFFICE: Camelford House
3rd Floor, 87-90 Albert Embankment
Vauxhall
London
SE1 7TP





REGISTERED NUMBER: 11711030 (England and Wales)





ACCOUNTANTS: Dhillon Accountants Limited
Chartered Accountants
Office 1
21 Hatherton Street
Walsall
WS4 2LA

AG Propinvest Limited (Registered number: 11711030)

Balance Sheet
31 July 2023

31.7.23 31.7.22
Notes £    £   
FIXED ASSETS
Tangible assets 4 3,201,241 3,009,267
Investments 5 65,000 -
3,266,241 3,009,267

CURRENT ASSETS
Stocks 1,082 960
Debtors 6 738,421 662,124
Cash at bank and in hand 414,016 247,745
1,153,519 910,829
CREDITORS
Amounts falling due within one year 7 (1,748,051 ) (1,544,359 )
NET CURRENT LIABILITIES (594,532 ) (633,530 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,671,709

2,375,737

CREDITORS
Amounts falling due after more than
one year

8

(1,763,347

)

(1,957,241

)

PROVISIONS FOR LIABILITIES (138,478 ) (154,725 )
NET ASSETS 769,884 263,771

CAPITAL AND RESERVES
Called up share capital 5,000 5,000
Retained earnings 764,884 258,771
SHAREHOLDERS' FUNDS 769,884 263,771

AG Propinvest Limited (Registered number: 11711030)

Balance Sheet - continued
31 July 2023


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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 April 2024 and were signed on its behalf by:





Mr G K Grover - Director


AG Propinvest Limited (Registered number: 11711030)

Notes to the Financial Statements
for the Year Ended 31 July 2023


1. STATUTORY INFORMATION

AG Propinvest 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.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 1% on cost
Plant and machinery - 25% on reducing balance
Computer equipment - 25% on reducing balance

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.


AG Propinvest Limited (Registered number: 11711030)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


2. ACCOUNTING POLICIES - continued
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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 21 (2022 - 11 ) .

4. TANGIBLE FIXED ASSETS
Freehold Plant and Computer
property machinery equipment Totals
£    £    £    £   
COST
At 1 August 2022 2,260,292 963,882 - 3,224,174
Additions 75,438 211,321 4,118 290,877
At 31 July 2023 2,335,730 1,175,203 4,118 3,515,051
DEPRECIATION
At 1 August 2022 65,365 149,542 - 214,907
Charge for year 23,082 75,647 174 98,903
At 31 July 2023 88,447 225,189 174 313,810
NET BOOK VALUE
At 31 July 2023 2,247,283 950,014 3,944 3,201,241
At 31 July 2022 2,194,927 814,340 - 3,009,267

AG Propinvest Limited (Registered number: 11711030)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
Additions 65,000
At 31 July 2023 65,000
NET BOOK VALUE
At 31 July 2023 65,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 111,264 -
Other debtors 627,157 662,124
738,421 662,124

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans and overdrafts 236,629 172,492
Trade creditors 399,788 504,169
Amounts owed to group undertakings 14,172 -
Taxation and social security 128,230 26,725
Other creditors 969,232 840,973
1,748,051 1,544,359

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 1,763,347 1,957,241

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,763,347 1,957,241

AG Propinvest Limited (Registered number: 11711030)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023


9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

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

31.7.23 31.7.22
£    £   
Mr G K Grover
Balance outstanding at start of year (21,100 ) (5,600 )
Amounts repaid (46,450 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 25,350 (21,100 )