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REGISTERED NUMBER: 11061986 (England and Wales)















REPORT OF THE DIRECTORS AND

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

AFT PROPERTY INVESTMENTS LIMITED

AFT PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11061986)






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




Page

Company Information 1

Report of the Directors 2

Income Statement 3

Balance Sheet 4

Notes to the Financial Statements 5


AFT PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: G R Asman
Mrs S Asman





REGISTERED OFFICE: Ground Floor Marlborough House
298 Regents Park Road
London
London
N3 2SZ





REGISTERED NUMBER: 11061986 (England and Wales)





ACCOUNTANTS: Fusion Consulting Ltd
Marlborough House
298 Regents Park Road
London
N3 2SZ

AFT PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11061986)

REPORT OF THE DIRECTORS
FOR THE YEAR ENDED 30 NOVEMBER 2023

The directors present their report with the financial statements of the company for the year ended 30 November 2023.

DIRECTORS
The directors shown below have held office during the whole of the period from 1 December 2022 to the date of this report.

G R Asman
Mrs S Asman

This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

ON BEHALF OF THE BOARD:





G R Asman - Director


22 August 2024

AFT PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11061986)

INCOME STATEMENT
FOR THE YEAR ENDED 30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   

TURNOVER 14,393 12,100

Distribution costs 721 721
Administrative expenses 19,143 15,533
19,864 16,254
OPERATING LOSS and
LOSS BEFORE TAXATION (5,471 ) (4,154 )

Tax on loss - -
LOSS FOR THE FINANCIAL YEAR (5,471 ) (4,154 )

AFT PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11061986)

BALANCE SHEET
30 NOVEMBER 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 6 995,928 996,649

CURRENT ASSETS
Debtors 7 877 -
Cash at bank 342 854
1,219 854
CREDITORS
Amounts falling due within one year 8 1,063,930 1,058,816
NET CURRENT LIABILITIES (1,062,711 ) (1,057,962 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(66,783

)

(61,313

)

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (66,785 ) (61,315 )
(66,783 ) (61,313 )

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.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 22 August 2024 and were signed on its behalf by:




G R Asman - Director


AFT PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11061986)

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

1. STATUTORY INFORMATION

AFT Property Investments 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.

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.

Rent received
Turnover represents rents receivable on properties within the UK. Rents are receivable on a monthly basis and where payments are receivable from tenants for periods ending after the balance sheet date, the relevant proportion of rent receivable is recorded as deferred income and included as part of creditors due within one year.

Tangible fixed assets
The land and buildings are stated at cost and have not been depreciated as the directors do not consider this to be necessary as the leases are over 50 years.

Computer Equipment is stated at cost less accumulated depreciation. Depreciation has been provided at 33.33% on cost.

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 tax
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.

Going concern disclosure
The directors have formed a judgement at the time of approving the Annual Financial Statements that there is a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. For this reason the directors have adopted the going concern basis in preparing the accounts.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

AFT PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 11061986)

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

4. OPERATING LOSS

The operating loss is stated after charging:

30.11.23 30.11.22
£    £   
Depreciation - owned assets 721 720

5. TAXATION

The company has carried forward losses of £67,296 (2022 - £62,546) which it can use against future taxable profits.

6. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 995,808 2,162 997,970
DEPRECIATION
At 1 December 2022 - 1,321 1,321
Charge for year - 721 721
At 30 November 2023 - 2,042 2,042
NET BOOK VALUE
At 30 November 2023 995,808 120 995,928
At 30 November 2022 995,808 841 996,649

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Trade debtors 877 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.23 30.11.22
£    £   
Other creditors 1,063,930 1,058,816