A & H Property Development and Lettings Limited 11817545 false 2023-03-01 2024-02-29 2024-02-29 The principal activity of the company is property development and letting. Digita Accounts Production Advanced 6.30.9574.0 true true 11817545 2023-03-01 2024-02-29 11817545 2024-02-29 11817545 core:OtherReservesSubtotal 2024-02-29 11817545 core:RetainedEarningsAccumulatedLosses 2024-02-29 11817545 core:ShareCapital 2024-02-29 11817545 core:CurrentFinancialInstruments core:WithinOneYear 2024-02-29 11817545 bus:SmallEntities 2023-03-01 2024-02-29 11817545 bus:AuditExemptWithAccountantsReport 2023-03-01 2024-02-29 11817545 bus:FullAccounts 2023-03-01 2024-02-29 11817545 bus:SmallCompaniesRegimeForAccounts 2023-03-01 2024-02-29 11817545 bus:RegisteredOffice 2023-03-01 2024-02-29 11817545 bus:Director1 2023-03-01 2024-02-29 11817545 bus:Director2 2023-03-01 2024-02-29 11817545 bus:PrivateLimitedCompanyLtd 2023-03-01 2024-02-29 11817545 core:PlantMachinery 2023-03-01 2024-02-29 11817545 countries:EnglandWales 2023-03-01 2024-02-29 11817545 2023-02-28 11817545 2022-03-01 2023-02-28 11817545 2023-02-28 11817545 core:OtherReservesSubtotal 2023-02-28 11817545 core:RetainedEarningsAccumulatedLosses 2023-02-28 11817545 core:ShareCapital 2023-02-28 11817545 core:CurrentFinancialInstruments core:WithinOneYear 2023-02-28 iso4217:GBP xbrli:pure

Registration number: 11817545

A & H Property Development and Lettings Limited

Annual Report and Unaudited Filleted Abridged Financial Statements

for the Year Ended 29 February 2024

 

A & H Property Development and Lettings Limited

Contents

Abridged Balance Sheet

1 to 2

Notes to the Unaudited Abridged Financial Statements

3 to 4

 

A & H Property Development and Lettings Limited

(Registration number: 11817545)
Abridged Balance Sheet as at 29 February 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

495

224

Investment property

5

625,001

625,001

 

625,496

625,225

Current assets

 

Debtors

1,734

1,620

Cash at bank and in hand

 

6,480

18,950

 

8,214

20,570

Creditors: Amounts falling due within one year

(535,648)

(541,719)

Net current liabilities

 

(527,434)

(521,149)

Total assets less current liabilities

 

98,062

104,076

Provisions for liabilities

(94)

(351)

Net assets

 

97,968

103,725

Capital and reserves

 

Called up share capital

60

60

Other reserves

(9,769)

(9,769)

Profit and loss account

107,677

113,434

Total equity

 

97,968

103,725

 

A & H Property Development and Lettings Limited

(Registration number: 11817545)
Abridged Balance Sheet as at 29 February 2024

For the financial 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 of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

All of the Company’s members have consented to the preparation of an Abridged Profit and Loss Account and an Abridged Balance Sheet in accordance with Section 444(2A) of the Companies Act 2006.

Approved and authorised by the Board on 15 July 2024 and signed on its behalf by:
 

Mr A Susanna

Director

Mrs H A Vermeersch

Director

 

A & H Property Development and Lettings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
4 Watts Avenue
Rochester
Kent
ME1 1RX

These financial statements were authorised for issue by the Board on 15 July 2024.

2

Accounting policies

Statement of compliance

These abridged financial statements were prepared in accordance with Financial Reporting Standard 102 Section 1A 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These abridged financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis. Of the company's current liabilities at 29 February 2024, an amount is owed to the directors, who have agreed to continue to support the company, and not to demand repayment of this amount to the extent that any such repayment would jeopardise the future of the company.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when the amount of revenue can be reliably measured, it is probable the future economic benefits will flow into the entity, and specific criteria have been met for each of the company activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Deferred tax is recognised on temporary differences arising between the tax bases of assets and liabilities and their carrying amounts in the financial statements and on unused tax losses or tax credits in the company. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

A & H Property Development and Lettings Limited

Notes to the Unaudited Abridged Financial Statements for the Year Ended 29 February 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% Straight Line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Valuations are observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Total
£

Cost or valuation

At 1 March 2023

899

Additions

660

At 29 February 2024

1,559

Depreciation

At 1 March 2023

675

Charge for the year

389

At 29 February 2024

1,064

Carrying amount

At 29 February 2024

495

At 28 February 2023

224

5

Investment properties

2024
£

At 1 March 2023

625,001

The Directors have valued the investment properties at open market value.

There has been no valuation of investment property by an independent valuer.