1 November 2022 false Taxfiler 2024.4 10422224business:PrivateLimitedCompanyLtd2022-11-012023-10-31 104222242022-10-31 104222242022-11-012023-10-31 10422224business:AuditExemptWithAccountantsReport2022-11-012023-10-31 10422224business:FilletedAccounts2022-11-012023-10-31 104222242023-10-31 10422224business:Director12022-11-012023-10-31 10422224business:RegisteredOffice2022-11-012023-10-31 104222242022-10-31 10422224core:WithinOneYear2023-10-31 10422224core:WithinOneYear2022-10-31 10422224core:AfterOneYear2023-10-31 10422224core:AfterOneYear2022-10-31 10422224core:ShareCapitalcore:PreviouslyStatedAmount2023-10-31 10422224core:ShareCapitalcore:PreviouslyStatedAmount2022-10-31 10422224core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-10-31 10422224core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2022-10-31 10422224core:PreviouslyStatedAmount2023-10-31 10422224core:PreviouslyStatedAmount2022-10-31 10422224business:SmallEntities2022-11-012023-10-31 10422224countries:EnglandWales2022-11-012023-10-31 10422224core:PlantMachinery2022-11-012023-10-31 10422224core:LandBuildings2022-10-31 10422224core:PlantMachinery2022-10-31 10422224core:LandBuildings2022-11-012023-10-31 10422224core:LandBuildings2023-10-31 10422224core:PlantMachinery2023-10-31 10422224business:OrdinaryShareClass12022-11-012023-10-31 10422224business:OrdinaryShareClass12021-11-012022-10-31 104222242021-11-012022-10-31 iso4217:GBP xbrli:shares xbrli:pure
Company Registration No. 10422224 (England and Wales)
AFR Properties Ltd Unaudited accounts for the year ended 31 October 2023
AFR Properties Ltd Unaudited accounts Contents
Page
- 2 -
AFR Properties Ltd Company Information for the year ended 31 October 2023
Director
Farrukh Rizwani
Company Number
10422224 (England and Wales)
Registered Office
5 Indigo Drive Burbage Hinckley LE10 2QJ England
Accountants
Capital Talks LLP Accountants & Tax consultants 310D - EW Sterling House Langston Road Loughton IG10 3TS
- 3 -
AFR Properties Ltd Statement of financial position as at 31 October 2023
2023 
2022 
Notes
£ 
£ 
Fixed assets
Tangible assets
730,822 
730,180 
Current assets
Debtors
9,208 
4,000 
Cash at bank and in hand
43,256 
40,946 
52,464 
44,946 
Creditors: amounts falling due within one year
(34,549)
(45,089)
Net current assets/(liabilities)
17,915 
(143)
Total assets less current liabilities
748,737 
730,037 
Creditors: amounts falling due after more than one year
(726,644)
(721,893)
Net assets
22,093 
8,144 
Capital and reserves
Called up share capital
100 
100 
Profit and loss account
21,993 
8,044 
Shareholders' funds
22,093 
8,144 
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. 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 15 July 2024 and were signed on its behalf by
Farrukh Rizwani Director Company Registration No. 10422224
- 4 -
AFR Properties Ltd Notes to the Accounts for the year ended 31 October 2023
1
Statutory information
AFR Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 10422224. The registered office is 5 Indigo Drive, Burbage, Hinckley, LE10 2QJ, 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
25% on cost.
Foreign exchange
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
- 5 -
AFR Properties Ltd Notes to the Accounts for the year ended 31 October 2023
4
Tangible fixed assets
Land & buildings 
Plant & machinery 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 November 2022
730,180 
1,050 
731,230 
Additions
- 
700 
700 
At 31 October 2023
730,180 
1,750 
731,930 
Depreciation
At 1 November 2022
- 
1,050 
1,050 
Charge for the year
- 
58 
58 
At 31 October 2023
- 
1,108 
1,108 
Net book value
At 31 October 2023
730,180 
642 
730,822 
At 31 October 2022
730,180 
- 
730,180 
5
Debtors
2023 
2022 
£ 
£ 
Amounts falling due within one year
Other debtors
9,208 
4,000 
6
Creditors: amounts falling due within one year
2023 
2022 
£ 
£ 
Taxes and social security
1,614 
1,508 
Loans from directors
32,427 
40,831 
Accruals
508 
2,750 
34,549 
45,089 
7
Creditors: amounts falling due after more than one year
2023 
2022 
£ 
£ 
Bank loans
626,644 
521,893 
Loans from directors
100,000 
200,000 
726,644 
721,893 
8
Share capital
2023 
2022 
£ 
£ 
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100 
100 
9
Loans to directors
At 31 October 2023 the company owed £131,893.60/- to F. Rizwani as a result of loans made to the company. The loans are unsecured and interest free. The Director, F. Rizwani controls the company as a result of controlling directly 100% of the issued share capital.
- 6 -
AFR Properties Ltd Notes to the Accounts for the year ended 31 October 2023
10
Average number of employees
During the year the average number of employees was 1 (2022: 1).
- 7 -