IRIS Accounts Production v24.1.0.578 03841611 Board of Directors 1.4.23 31.3.24 31.3.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh038416112023-03-31038416112024-03-31038416112023-04-012024-03-31038416112022-03-31038416112022-04-012023-03-31038416112023-03-3103841611ns15:EnglandWales2023-04-012024-03-3103841611ns14:PoundSterling2023-04-012024-03-3103841611ns10:Director12023-04-012024-03-3103841611ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3103841611ns10:SmallEntities2023-04-012024-03-3103841611ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3103841611ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3103841611ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3103841611ns10:FullAccounts2023-04-012024-03-3103841611ns10:OrdinaryShareClass12023-04-012024-03-3103841611ns10:Director22023-04-012024-03-3103841611ns10:CompanySecretary12023-04-012024-03-3103841611ns10:RegisteredOffice2023-04-012024-03-3103841611ns5:CurrentFinancialInstruments2024-03-3103841611ns5:CurrentFinancialInstruments2023-03-3103841611ns5:ShareCapital2024-03-3103841611ns5:ShareCapital2023-03-3103841611ns5:RevaluationReserve2024-03-3103841611ns5:RevaluationReserve2023-03-3103841611ns5:RetainedEarningsAccumulatedLosses2024-03-3103841611ns5:RetainedEarningsAccumulatedLosses2023-03-3103841611ns5:FurnitureFittings2023-04-012024-03-3103841611ns5:FurnitureFittings2023-03-3103841611ns5:FurnitureFittings2024-03-3103841611ns5:FurnitureFittings2023-03-3103841611ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-03-3103841611ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-03-3103841611ns5:DeferredTaxation2023-03-3103841611ns5:DeferredTaxation2023-04-012024-03-3103841611ns5:DeferredTaxation2024-03-3103841611ns10:OrdinaryShareClass12024-03-3103841611ns5:RevaluationReserve2023-03-3103841611ns5:RevaluationReserve2023-04-012024-03-31
REGISTERED NUMBER: 03841611 (England and Wales)















ASTWICK PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ASTWICK PROPERTIES LIMITED (REGISTERED NUMBER: 03841611)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ASTWICK PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Ms L D Cox
Mr A H Eggleton





SECRETARY: Ms L D Cox





REGISTERED OFFICE: Astwick Farm House
Croughton
Brackley
Northamptonshire
NN13 5LL





REGISTERED NUMBER: 03841611 (England and Wales)





ACCOUNTANTS: Blencowes
15 High Street
Brackley
Northamptonshire
NN13 7DH

ASTWICK PROPERTIES LIMITED (REGISTERED NUMBER: 03841611)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 121 571
Investment property 5 240,000 205,000
240,121 205,571

CURRENT ASSETS
Debtors 6 2,225 2,208
Cash at bank 60,577 71,061
62,802 73,269
CREDITORS
Amounts falling due within one year 7 2,018 1,398
NET CURRENT ASSETS 60,784 71,871
TOTAL ASSETS LESS CURRENT
LIABILITIES

300,905

277,442

PROVISIONS FOR LIABILITIES 8 18,770 15,950
NET ASSETS 282,135 261,492

CAPITAL AND RESERVES
Called up share capital 9 100 100
Revaluation reserve 10 150,800 115,800
Retained earnings 131,235 145,592
SHAREHOLDERS' FUNDS 282,135 261,492

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

ASTWICK PROPERTIES LIMITED (REGISTERED NUMBER: 03841611)

BALANCE SHEET - continued
31 MARCH 2024


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 Board of Directors and authorised for issue on 24 July 2024 and were signed on its behalf by:





Ms L D Cox - Director


ASTWICK PROPERTIES LIMITED (REGISTERED NUMBER: 03841611)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Astwick Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.


Rental income is recognised from the point when the rental agreement first makes the property available for letting, with the revenue reported in the financial statements on a straight line basis over the term of the contracted agreement. Rental income is reported net of void periods.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 10% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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 taxation
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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

ASTWICK PROPERTIES LIMITED (REGISTERED NUMBER: 03841611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023
and 31 March 2024 9,068
DEPRECIATION
At 1 April 2023 8,497
Charge for year 450
At 31 March 2024 8,947
NET BOOK VALUE
At 31 March 2024 121
At 31 March 2023 571

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 205,000
Revaluations 35,000
At 31 March 2024 240,000
NET BOOK VALUE
At 31 March 2024 240,000
At 31 March 2023 205,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2016 510,000
Valuation in 2017 75,000
Valuation in 2022 (160,000 )
Valuation in 2023 (220,000 )
Valuation in 2024 35,000
240,000

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 2,087 2,086
Prepayments and accrued income 138 122
2,225 2,208

ASTWICK PROPERTIES LIMITED (REGISTERED NUMBER: 03841611)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Social security and other taxes 525 -
Directors' current accounts 299 263
Accruals and deferred income 1,194 1,135
2,018 1,398

8. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 18,770 15,950

Deferred
tax
£   
Balance at 1 April 2023 15,950
Provided during year 2,820
Balance at 31 March 2024 18,770

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Revaluation
reserve
£   
At 1 April 2023 115,800
Other Comprehensive Income 35,000

At 31 March 2024 150,800