Acorah Software Products - Accounts Production 15.0.600 false true 28 February 2023 1 March 2022 false 1 March 2023 29 February 2024 29 February 2024 13217567 Mr Benjamin Gleave Miss Alexandra Gleave iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 13217567 2023-02-28 13217567 2024-02-29 13217567 2023-03-01 2024-02-29 13217567 frs-core:CurrentFinancialInstruments 2024-02-29 13217567 frs-core:Non-currentFinancialInstruments 2024-02-29 13217567 frs-core:FurnitureFittings 2023-03-01 2024-02-29 13217567 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2024-02-29 13217567 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-03-01 2024-02-29 13217567 frs-core:LandBuildings frs-core:OwnedOrFreeholdAssets 2023-02-28 13217567 frs-core:PlantMachinery 2024-02-29 13217567 frs-core:PlantMachinery 2023-03-01 2024-02-29 13217567 frs-core:PlantMachinery 2023-02-28 13217567 frs-core:ShareCapital 2024-02-29 13217567 frs-core:RetainedEarningsAccumulatedLosses 2024-02-29 13217567 frs-bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 13217567 frs-bus:FilletedAccounts 2023-03-01 2024-02-29 13217567 frs-bus:SmallEntities 2023-03-01 2024-02-29 13217567 frs-bus:AuditExempt-NoAccountantsReport 2023-03-01 2024-02-29 13217567 frs-bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 13217567 frs-bus:Director1 2023-03-01 2024-02-29 13217567 frs-bus:Director2 2023-03-01 2024-02-29 13217567 frs-countries:EnglandWales 2023-03-01 2024-02-29 13217567 2022-02-28 13217567 2023-02-28 13217567 2022-03-01 2023-02-28 13217567 frs-core:CurrentFinancialInstruments 2023-02-28 13217567 frs-core:Non-currentFinancialInstruments 2023-02-28 13217567 frs-core:ShareCapital 2023-02-28 13217567 frs-core:RetainedEarningsAccumulatedLosses 2023-02-28
Registered number: 13217567
AGBG Properties LTD
Financial Statements
For The Year Ended 29 February 2024
Leathley & Co - Poynton Office
Park Lane Business Centre
78 Park Lane
Poynton
Cheshire
SK12 1RE
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 13217567
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 244,616 247,578
244,616 247,578
CURRENT ASSETS
Debtors 5 2,520 3,400
Cash at bank and in hand 84,943 7,410
87,463 10,810
Creditors: Amounts Falling Due Within One Year 6 (142,189 ) (167,704 )
NET CURRENT ASSETS (LIABILITIES) (54,726 ) (156,894 )
TOTAL ASSETS LESS CURRENT LIABILITIES 189,890 90,684
Creditors: Amounts Falling Due After More Than One Year 7 (176,956 ) (81,608 )
NET ASSETS 12,934 9,076
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account 12,834 8,976
SHAREHOLDERS' FUNDS 12,934 9,076
Page 1
Page 2
For the year ending 29 February 2024 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 directors acknowledge their 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Miss Alexandra Gleave
Director
21/08/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AGBG Properties LTD is a private company, limited by shares, incorporated in England & Wales, registered number 13217567 . The registered office is 78 Park Lane, Poynton, Stockport, SK12 1RE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. 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 property rental income.

2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Freehold 0% Straight line basis
Plant & Machinery 15% Reducing Balance
Fixtures & Fittings 20% RB
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Freehold Plant & Machinery Total
£ £ £
Cost
As at 1 March 2023 247,085 640 247,725
Additions - 880 880
Other (3,681 ) - (3,681 )
As at 29 February 2024 243,404 1,520 244,924
Depreciation
As at 1 March 2023 - 147 147
Provided during the period - 161 161
As at 29 February 2024 - 308 308
Net Book Value
As at 29 February 2024 243,404 1,212 244,616
As at 1 March 2023 247,085 493 247,578
Page 3
Page 4
5. Debtors
2024 2023
£ £
Due within one year
Trade debtors - 2,400
Tenants' deposits 2,520 1,000
2,520 3,400
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Corporation tax 723 1,968
Other creditors 25,000 27,000
Directors' loan accounts 41,466 38,736
Amounts owed to associates 75,000 100,000
142,189 167,704
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 176,956 81,608
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 4