0
false
false
false
false
false
false
false
false
false
false
true
false
false
false
false
false
false
No description of principal activity
2022-11-01
Sage Accounts Production Advanced 2023 - FRS102_2023
1,556,705
1,556,705
1,556,705
xbrli:pure
xbrli:shares
iso4217:GBP
12968351
2022-11-01
2023-10-31
12968351
2023-10-31
12968351
2022-10-31
12968351
2021-11-01
2022-10-31
12968351
2022-10-31
12968351
2021-10-31
12968351
bus:LeadAgentIfApplicable
2022-11-01
2023-10-31
12968351
bus:Director1
2022-11-01
2023-10-31
12968351
core:WithinOneYear
2023-10-31
12968351
core:WithinOneYear
2022-10-31
12968351
core:AfterOneYear
2023-10-31
12968351
core:AfterOneYear
2022-10-31
12968351
core:ShareCapital
2023-10-31
12968351
core:ShareCapital
2022-10-31
12968351
core:RetainedEarningsAccumulatedLosses
2023-10-31
12968351
core:RetainedEarningsAccumulatedLosses
2022-10-31
12968351
core:LandBuildings
core:OwnedOrFreeholdAssets
2023-10-31
12968351
core:LandBuildings
core:OwnedOrFreeholdAssets
2022-10-31
12968351
bus:SmallEntities
2022-11-01
2023-10-31
12968351
bus:AuditExemptWithAccountantsReport
2022-11-01
2023-10-31
12968351
bus:SmallCompaniesRegimeForAccounts
2022-11-01
2023-10-31
12968351
bus:PrivateLimitedCompanyLtd
2022-11-01
2023-10-31
12968351
bus:FullAccounts
2022-11-01
2023-10-31
COMPANY REGISTRATION NUMBER:
12968351
A & G Property Partnership Ltd |
|
Filleted Unaudited Financial Statements |
|
A & G Property Partnership Ltd |
|
Year ended 31 October 2023
Chartered accountant's report to the board of directors on the preparation of the unaudited statutory financial statements |
1 |
|
|
Statement of financial position |
2 |
|
|
Notes to the financial statements |
4 |
|
|
A & G Property Partnership Ltd |
|
Chartered Accountant's Report to the Board of Directors on the Preparation of the Unaudited Statutory Financial Statements of
A & G Property Partnership Ltd |
|
Year ended 31 October 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of A & G Property Partnership Ltd for the year ended 31 October 2023, which comprise the statement of financial position and the related notes from the company's accounting records and from information and explanations you have given us. As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at www.icaew.com/en/membership/regulations-standards-and-guidance. This report is made solely to the Board of Directors of A & G Property Partnership Ltd, as a body, in accordance with the terms of our engagement letter dated 6 July 2022. Our work has been undertaken solely to prepare for your approval the financial statements of A & G Property Partnership Ltd and state those matters that we have agreed to state to you, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF as detailed at www.icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & G Property Partnership Ltd and its Board of Directors, as a body, for our work or for this report.
It is your duty to ensure that A & G Property Partnership Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & G Property Partnership Ltd. You consider that A & G Property Partnership Ltd is exempt from the statutory audit requirement for the year. We have not been instructed to carry out an audit or a review of the financial statements of A & G Property Partnership Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
HEBBLETHWAITES
Chartered accountants
2 Westbrook Court
Sharrow Vale Road
Sheffield
S11 8YZ
29 July 2024
A & G Property Partnership Ltd |
|
Statement of Financial Position |
|
31 October 2023
Fixed assets
Tangible assets |
4 |
1,556,705 |
1,556,705 |
|
|
|
|
Current assets
Debtors |
5 |
16,440 |
15,480 |
Cash at bank and in hand |
4,175 |
3,374 |
|
-------- |
-------- |
|
20,615 |
18,854 |
|
|
|
|
Creditors: amounts falling due within one year |
6 |
350,897 |
427,085 |
|
--------- |
--------- |
Net current liabilities |
330,282 |
408,231 |
|
------------ |
------------ |
Total assets less current liabilities |
1,226,423 |
1,148,474 |
|
|
|
|
Creditors: amounts falling due after more than one year |
7 |
945,560 |
950,166 |
|
------------ |
------------ |
Net assets |
280,863 |
198,308 |
|
------------ |
------------ |
|
|
|
|
Capital and reserves
Called up share capital |
100 |
100 |
Profit and loss account |
280,763 |
198,208 |
|
--------- |
--------- |
Shareholders funds |
280,863 |
198,308 |
|
--------- |
--------- |
|
|
|
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 October 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476
;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements
.
A & G Property Partnership Ltd |
|
Statement of Financial Position (continued) |
|
31 October 2023
These financial statements were approved by the
board of directors
and authorised for issue on
29 July 2024
, and are signed on behalf of the board by:
Company registration number:
12968351
A & G Property Partnership Ltd |
|
Notes to the Financial Statements |
|
Year ended 31 October 2023
1.
General information
The company is a private limited company limited by shares, registered in England and Wales. The address of the registered office is Briarfield, Matlock Road, Walton, Chesterfield, S42 7LD. The principal place of business is Denka UK Ltd, Broombank Road, Sheepbridge, Chesterfield, S41 9QJ.
2.
Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3.
Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax. Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Income tax
The taxation expense represents the aggregate amount of current and deferred tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Investment property
Investment property is initially recorded at cost, which includes purchase price and any directly attributable expenditure. Investment property is revalued to its fair value at each reporting date and any changes in fair value are recognised in profit or loss.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. For impairment testing of goodwill, the goodwill acquired in a business combination is, from the acquisition date, allocated to each of the cash-generating units that are expected to benefit from the synergies of the combination, irrespective of whether other assets or liabilities of the company are assigned to those units.
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4.
Tangible assets
|
Investment property |
|
£ |
Cost |
|
At 1 November 2022 and 31 October 2023 |
1,556,705 |
|
------------ |
Depreciation |
|
At 1 November 2022 and 31 October 2023 |
– |
|
------------ |
Carrying amount |
|
At 31 October 2023 |
1,556,705 |
|
------------ |
At 31 October 2022 |
1,556,705 |
|
------------ |
|
|
Investment property is carried at cost and in the opinion of the directors is also equivalent to its fair value.
5.
Debtors
|
2023 |
2022 |
|
£ |
£ |
Trade debtors |
16,440 |
15,480 |
|
-------- |
-------- |
|
|
|
6.
Creditors:
amounts falling due within one year
|
2023 |
2022 |
|
£ |
£ |
Trade creditors |
1,892 |
– |
Social security and other taxes |
24,488 |
21,358 |
Other loans |
|
|
Other creditors |
315,410 |
352,314 |
|
--------- |
--------- |
|
350,897 |
427,085 |
|
--------- |
--------- |
|
|
|
7.
Creditors:
amounts falling due after more than one year
|
2023 |
2022 |
|
£ |
£ |
Other loans |
|
|
|
--------- |
--------- |
|
|
|
Other loans due within one year and after more than one year is in respect of a loan repayable in monthly instalments with interest charged at 2% over base rate. The amount falling due after more than 5 years is £655,910 (2022: £707,752).
8.
Related party transactions
The company provides commercial property and management services at market rates to other companies in which there is a common director.