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REGISTERED NUMBER: 08508474 (England and Wales)






























UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

AWM LETTINGS LIMITED

AWM LETTINGS LIMITED (REGISTERED NUMBER: 08508474)

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


AWM LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTOR: Mr A Mattock





REGISTERED OFFICE: Unit A Wharf Way
Glen Parva
Leicester
Leicestershire
LE2 9TF





REGISTERED NUMBER: 08508474 (England and Wales)

AWM LETTINGS LIMITED (REGISTERED NUMBER: 08508474)

BALANCE SHEET
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,706 4,360
Investment property 5 538,869 538,869
542,575 543,229

CURRENT ASSETS
Debtors 6 40,057 37,388
Cash at bank 54,684 53,746
94,741 91,134
CREDITORS
Amounts falling due within one year 7 12,365 15,526
NET CURRENT ASSETS 82,376 75,608
TOTAL ASSETS LESS CURRENT
LIABILITIES

624,951

618,837

CREDITORS
Amounts falling due after more than one
year

8

(310,203

)

(312,848

)

PROVISIONS FOR LIABILITIES (334 ) (377 )
NET ASSETS 314,414 305,612

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 314,413 305,611
SHAREHOLDERS' FUNDS 314,414 305,612

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 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.

AWM LETTINGS LIMITED (REGISTERED NUMBER: 08508474)

BALANCE SHEET - continued
31 JULY 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 29 July 2024 and were signed by:





Mr A Mattock - Director


AWM LETTINGS LIMITED (REGISTERED NUMBER: 08508474)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023


1. STATUTORY INFORMATION

AWM Lettings 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets
Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant & machinery - 15% reducing balance

Investment property
The investment property is valued at cost.

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.

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.

Creditors
Short term trade creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

AWM LETTINGS LIMITED (REGISTERED NUMBER: 08508474)

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


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Operating leases (rent receivable)
Rental income from operating leases is credited to the Income Statement on a straight line basis over the lease term.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2022 - 1 ) .

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 August 2022
and 31 July 2023 16,000
DEPRECIATION
At 1 August 2022 11,640
Charge for year 654
At 31 July 2023 12,294
NET BOOK VALUE
At 31 July 2023 3,706
At 31 July 2022 4,360

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022
and 31 July 2023 538,869
NET BOOK VALUE
At 31 July 2023 538,869
At 31 July 2022 538,869

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 40,057 37,388

AWM LETTINGS LIMITED (REGISTERED NUMBER: 08508474)

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


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 2,694 2,742
Trade creditors 5,093 5,093
Taxation and social security 1,878 2,985
Other creditors 2,700 4,706
12,365 15,526

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 310,203 312,848

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 304,700 304,700

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 312,897 315,590

10. RELATED PARTY DISCLOSURES

As at 31 July 2023, a balance of £37,788 (2022: £37,788) was owed from AW Window Installations Limited of which Mr A Mattock is a director and majority shareholder.