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Company Registration No. 12722381 (England and Wales)
AQA2 Properties Ltd unaudited financial statements for the year ended 31 July 2023
AQA2 Properties Ltd unaudited financial statements Contents
Page
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AQA2 Properties Ltd Company Information for the year ended 31 July 2023
Director
Nadeem Asim
Company Number
12722381 (England and Wales)
Registered Office
39 BEAMSLEY ROAD SHIPLEY BD18 2DS ENGLAND
Accountants
HLA Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY
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Chartered Certified Accountants' report to the board of directors on the preparation of the unaudited statutory accounts of AQA2 Properties Ltd for the year ended 31 July 2023
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of AQA2 Properties Ltd for the year ended 31 July 2023 as set out on pages 5 - 7 from the Company's accounting records and from information and explanations you have given us.
As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal.com/uk/en/about-us/regulation/rulebook.html
Our work has been undertaken in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.
HLA Accountants Chartered Certified Accountants 21 Hyde Park Road Leeds West Yorkshire LS6 1PY 30 July 2024
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AQA2 Properties Ltd Statement of financial position as at 31 July 2023
2023 
2022 
Notes
£ 
£ 
Current assets
Inventories
409,617 
381,989 
Debtors
2 
2 
Cash at bank and in hand
122,026 
65,406 
531,645 
447,397 
Creditors: amounts falling due within one year
(692,102)
(632,507)
Net current liabilities
(160,457)
(185,110)
Net liabilities
(160,457)
(185,110)
Capital and reserves
Called up share capital
2 
2 
Profit and loss account
(160,459)
(185,112)
Shareholders' funds
(160,457)
(185,110)
For the year ending 31 July 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 30 July 2024 and were signed on its behalf by
Nadeem Asim Director Company Registration No. 12722381
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AQA2 Properties Ltd Notes to the Accounts for the year ended 31 July 2023
1
Statutory information
AQA2 Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12722381. The registered office is 39 BEAMSLEY ROAD, SHIPLEY, BD18 2DS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Trading activity
Buying and selling of own real estate
Inventories
Inventories have been valued at the lower of cost and estimated selling price less costs to complete and sell. In respect of work in progress and finished goods, cost includes a relevant proportion of overheads according to the stage of manufacturing/completion.
4
Debtors
2023 
2022 
£ 
£ 
Amounts falling due after more than one year
Other debtors
2 
2 
5
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Other creditors
630,531 
630,531 
Loans from directors
58,345 
- 
Accruals
3,226 
1,976 
692,102 
632,507 
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AQA2 Properties Ltd Notes to the Accounts for the year ended 31 July 2023
6
Average number of employees
During the year the average number of employees was 1 (2022: 1).
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