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REGISTERED NUMBER: 10178368 (England and Wales)















FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 SEPTEMBER 2023

FOR

ARGENTUM PROPERTY LTD

ARGENTUM PROPERTY LTD (REGISTERED NUMBER: 10178368)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ARGENTUM PROPERTY LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 SEPTEMBER 2023







DIRECTORS: L Diez De Onate
S Allen





REGISTERED OFFICE: 4th Floor
36 Upper Brook Street
London
W1K 7QJ





REGISTERED NUMBER: 10178368 (England and Wales)





ACCOUNTANTS: IGD Accounting Services Limited
29a High Street
West Wickham
Kent
BR4 0LP

ARGENTUM PROPERTY LTD (REGISTERED NUMBER: 10178368)

BALANCE SHEET
30 SEPTEMBER 2023

30.9.23 30.9.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 17,289 11,163

CURRENT ASSETS
Debtors 5 248,298 192,554
Investments 6 950 950
Cash at bank 108,864 196,025
358,112 389,529
CREDITORS
Amounts falling due within one year 7 169,405 231,177
NET CURRENT ASSETS 188,707 158,352
TOTAL ASSETS LESS CURRENT
LIABILITIES

205,996

169,515

CREDITORS
Amounts falling due after more than
one year

8

76,230

108,374
NET ASSETS 129,766 61,141

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 129,666 61,041
129,766 61,141

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 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.

ARGENTUM PROPERTY LTD (REGISTERED NUMBER: 10178368)

BALANCE SHEET - continued
30 SEPTEMBER 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2024 and were signed on its behalf by:




L Diez De Onate - Director



S Allen - Director


ARGENTUM PROPERTY LTD (REGISTERED NUMBER: 10178368)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2023

1. STATUTORY INFORMATION

Argentum Property 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.

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.

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.
Plant and machinery etc - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ARGENTUM PROPERTY LTD (REGISTERED NUMBER: 10178368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 October 2022 36,276
Additions 13,128
At 30 September 2023 49,404
DEPRECIATION
At 1 October 2022 25,113
Charge for year 7,002
At 30 September 2023 32,115
NET BOOK VALUE
At 30 September 2023 17,289
At 30 September 2022 11,163

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Trade debtors 27,760 -
Other debtors 220,538 192,554
248,298 192,554

6. CURRENT ASSET INVESTMENTS
30.9.23 30.9.22
£    £   
Shares in group undertakings 950 950

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.23 30.9.22
£    £   
Bank loans and overdrafts 20,727 20,727
Trade creditors 19,578 12,000
Taxation and social security 53,013 13,755
Other creditors 76,087 184,695
169,405 231,177

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.9.23 30.9.22
£    £   
Bank loans 36,273 57,000
Other creditors 39,957 51,374
76,230 108,374

ARGENTUM PROPERTY LTD (REGISTERED NUMBER: 10178368)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2023

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2023 and 30 September 2022:

30.9.23 30.9.22
£    £   
L Diez De Onate
Balance outstanding at start of year 3,877 -
Amounts advanced 4,656 3,877
Amounts repaid (3,877 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,656 3,877

10. RELATED PARTY DISCLOSURES

During the year, the company received services to the value of £132,600 (2022: £153,235) from Mascord (L.A.) Ltd, a company in which S Allen is the sole director and shareholder. The balance outstanding at the year end is Nil (2022: £6,000).

During the year, the company received services to the value of £153,250 (2022: £153,235) from Hacho Ltd, a company in which L Diez De Onate is the sole director and shareholder. The company was owed £57,224 (2022: £5,424) at the year end.

As at 30 September 2023 the company was owed £8,302 (2022: Nil) from Argentum Realty Ltd, a company controlled by L Diez De Onate.

As at 30 September 2023 the company was owed £115,678 (2022: £115,678) from Pichu Realty & Finance Ltd, a company in which L Diez De Onate is the sole director and shareholder.

As at 30 September 2023 the company was owed £839 (2022: £839) from Chess Club Advisors Ltd, a company controlled by L Diez De Onate.

As at 30 September 2023 the company was owed £7,335 (2022: £7,592) from Chess Investment Club Ltd, a company in which L Diez De Onate is the sole director and shareholder.

As at 30 September 2023 the company was owed £600 (2022: £600) from Chess Real Estate Finance Ltd, a company controlled by L Diez De Onate.