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REGISTERED NUMBER: 04960116 (England and Wales)















A.R.PROPERTIES (STAMFORD) LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023






A.R.PROPERTIES (STAMFORD) LTD (REGISTERED NUMBER: 04960116)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023




Page

Company Information 1

Statement of Financial Position 2 to 3

Notes to the Financial Statements 4 to 6


A.R.PROPERTIES (STAMFORD) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: R C Ball
A J Spice





SECRETARY: Mrs S J Ball





REGISTERED OFFICE: 3 Castlegate
Grantham
Lincolnshire
NG31 6SF





REGISTERED NUMBER: 04960116 (England and Wales)





ACCOUNTANTS: Duncan & Toplis Limited
14 All Saints Street
Stamford
Lincolnshire
PE9 2PA

A.R.PROPERTIES (STAMFORD) LTD (REGISTERED NUMBER: 04960116)

STATEMENT OF FINANCIAL POSITION
30 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,200,000 1,400,000

CURRENT ASSETS
Debtors 5 1,835 550
Cash at bank 18,239 13,840
20,074 14,390
CREDITORS
Amounts falling due within one year 6 30,866 29,491
NET CURRENT LIABILITIES (10,792 ) (15,101 )
TOTAL ASSETS LESS CURRENT LIABILITIES 1,189,208 1,384,899

CREDITORS
Amounts falling due after more than one year 7 (327,903 ) (348,774 )

PROVISIONS FOR LIABILITIES (3,163 ) (53,163 )
NET ASSETS 858,142 982,962

CAPITAL AND RESERVES
Called up share capital 9 2 2
Other reserves 10 331,587 481,587
Retained earnings 10 526,553 501,373
SHAREHOLDERS' FUNDS 858,142 982,962

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

A.R.PROPERTIES (STAMFORD) LTD (REGISTERED NUMBER: 04960116)

STATEMENT OF FINANCIAL POSITION - continued
30 NOVEMBER 2023


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 Profit and loss account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 July 2024 and were signed on its behalf by:




R C Ball - Director



A J Spice - Director


A.R.PROPERTIES (STAMFORD) LTD (REGISTERED NUMBER: 04960116)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023

1. STATUTORY INFORMATION

A.R.Properties (Stamford) Ltd 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.

Going concern

At the balance sheet date the company had net current liabilities of £10,792 (2022 : £15,101) and net assets of £858,142 (2022 : £982,962). Net current liabilities includes bank borrowings of £15,758 (2022 : £14,047).

The directors of A R Properties (Stamford) Limited consider the financial statements should be prepared on a going concern basis because:

- they are confident that the company can meet its day to day working capital requirements from cashflow.

- they have given an undertaking to provide funds to the company so that it can meet its day to day working capital requirements and continue to trade if this becomes necessary.

- in their opinion, the company's banker will continue to support the company for the foreseeable future.

- in their opinion, the company will continue to achieve profitability in future periods.

Turnover
Turnover represents rents receivable.

Investment property
Investment properties are shown at their most recent valuation. Investment properties are revalued on an annual basis by the directors at their open market value and included in the balance sheet at this valuation. Any aggregate surplus or deficit arising from changes in market value is transferred to a revaluation reserve. Depreciation is not provided in respect of investment properties in accordance with Statement of standard Accounting Practice 19 Accounting for Investment Properties.

Financial instruments
The company has chosen to adopt the FRS102 1A in respect of financial instruments.

Basic financial assets, including trade and other debtors and cash and bank balances are initially recognised at transaction price, unless the arrangement constitute a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

At the end of each reporting period, financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired, the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset's original effective interest rate. The impairment loss is recognised in the income statement.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


A.R.PROPERTIES (STAMFORD) LTD (REGISTERED NUMBER: 04960116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 1,400,000
Revaluations (200,000 )
At 30 November 2023 1,200,000
NET BOOK VALUE
At 30 November 2023 1,200,000
At 30 November 2022 1,400,000

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 1,200,000

If investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 865,250 865,250

Investment property was valued on an open market basis on 30 November 2023 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 1,835 550

A.R.PROPERTIES (STAMFORD) LTD (REGISTERED NUMBER: 04960116)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 15,758 14,047
Corporation tax 10,988 10,469
Accruals and deferred income 4,120 4,975
30,866 29,491

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 1-2 years 16,662 18,952
Bank loans - 2-5 years 55,948 24,067
Bank loans more than 5 years 255,293 305,755
327,903 348,774

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 255,293 305,755

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 343,661 362,821

Loans are secured on the company's freehold investment property.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
2 Ordinary 1 2 2

10. RESERVES

Other
reserves
£
At 1 December 2022481,587
Revaluation(200,000)
Deferred tax movement50,000
At 30 November 2023331,587

The aggregate surplus on re-measurement of freehold properties and investment properties net of associated deferred tax is transferred to a separate non-distributable revaluation reserve and other reserves respectively in order to assist with the identification of profits available for distribution.