Registered number
02217537
ALL PROPERTY UK LIMITED
Filleted Unaudited Accounts
30 April 2024
ALL PROPERTY UK LIMITED
Registered number: 02217537
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,543,759 1,543,759
Current assets
Debtors 4 6,500 6,500
Cash at bank and in hand 11,143 32,396
17,643 38,896
Creditors: amounts falling due within one year 5 (515,544) (519,922)
Net current liabilities (497,901) (481,026)
Net assets 1,045,858 1,062,733
Capital and reserves
Called up share capital 100 100
Revaluation reserve 7 775,065 775,065
Profit and loss account 270,693 287,568
Shareholders' funds 1,045,858 1,062,733
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
G C Howard
Director
Approved by the board on 31 July 2024
ALL PROPERTY UK LIMITED
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revlauation of certain fixed assets and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. 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.
Investment Properties
Interests in land and building comprising freehold and leasehold properties held for their investment protential are stated in the accounts at the directors valution (being an approximation of the market value) and are not subject to depreciation charges.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. As investment property is held for long term investment the potential liability arising in respect of the surplus on revaluation has not been provided for in these accounts.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company - -
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 1,543,759
At 30 April 2024 1,543,759
Net book value
At 30 April 2024 1,543,759
At 30 April 2023 1,543,759
Freehold land and buildings: 2024 2023
£ £
Historical cost 768,694 768,694
4 Debtors 2024 2023
£ £
Other debtors 6,500 6,500
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 512,493 512,493
Directors loan account 1,971 -
Other creditors 1,080 7,429
515,544 519,922
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 512,493 512,493
The bank loans are secured by mortgages over the companys land and buildings.
7 Revaluation reserve 2024 2023
£ £
At 1 May 2023 775,065 775,065
At 30 April 2024 775,065 775,065
8 Other information
ALL PROPERTY UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Wren Cottage
Old Horsham Road
Beare Green
Dorking
RH5 4RA
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