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REGISTERED NUMBER: 03093605 (England and Wales)
























ARGALL PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ARGALL PROPERTIES LIMITED (REGISTERED NUMBER: 03093605)

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










Page

Balance Sheet 1

Notes to the Financial Statements 3


ARGALL PROPERTIES LIMITED (REGISTERED NUMBER: 03093605)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 247,579 350,086

CURRENT ASSETS
Debtors 5 16,080 11,780
Cash at bank 56,153 61,846
72,233 73,626
CREDITORS
Amounts falling due within one year 6 106,397 112,981
NET CURRENT LIABILITIES (34,164 ) (39,355 )
TOTAL ASSETS LESS CURRENT LIABILITIES 213,415 310,731

CREDITORS
Amounts falling due after more than one
year

7

1,737,434

1,792,127
NET LIABILITIES (1,524,019 ) (1,481,396 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (1,524,021 ) (1,481,398 )
(1,524,019 ) (1,481,396 )

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.

ARGALL PROPERTIES LIMITED (REGISTERED NUMBER: 03093605)

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 Profit and Loss Account has not been delivered.

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 Fall - Director


ARGALL PROPERTIES LIMITED (REGISTERED NUMBER: 03093605)

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


1. STATUTORY INFORMATION

Argall Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 03093605

Registered office: 6-7 Castle Gate
Castle Street
Hertford
Hertfordshire
SG14 1HD

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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Short leasehold - 10% on cost
Plant and machinery - 15% on reducing balance
Fixtures and fittings - 33% on reducing balance and 15% on reducing balance

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 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.

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.

ARGALL PROPERTIES LIMITED (REGISTERED NUMBER: 03093605)

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


2. ACCOUNTING POLICIES - continued

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2023 - 5 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Short Plant and and
leasehold machinery fittings Totals
£    £    £    £   
COST
At 1 April 2023 987,966 15,448 7,681 1,011,095
Disposals - (15,448 ) (7,681 ) (23,129 )
At 31 March 2024 987,966 - - 987,966
DEPRECIATION
At 1 April 2023 641,590 12,144 7,275 661,009
Charge for year 98,797 495 194 99,486
Eliminated on disposal - (12,639 ) (7,469 ) (20,108 )
At 31 March 2024 740,387 - - 740,387
NET BOOK VALUE
At 31 March 2024 247,579 - - 247,579
At 31 March 2023 346,376 3,304 406 350,086

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 16,080 11,780

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 938 7,436
Social security and other taxes 4,534 4,713
VAT 11,328 12,535
Other creditors 87,047 85,297
Accrued expenses 2,550 3,000
106,397 112,981

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 1,737,434 1,792,127

ARGALL PROPERTIES LIMITED (REGISTERED NUMBER: 03093605)

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


8. ULTIMATE CONTROLLING PARTY

The company is controlled by Mr Graham Fall and Mr Gary Fall, each holding 50% shares of the ordinary issued share capital.