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REGISTERED NUMBER: 07865649 (England and Wales)















AUDLEY SQUARE PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 26 NOVEMBER 2023






AUDLEY SQUARE PROPERTIES LTD (REGISTERED NUMBER: 07865649)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AUDLEY SQUARE PROPERTIES LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 26 NOVEMBER 2023







DIRECTOR: Mrs B Patel





SECRETARY: V K Patel





REGISTERED OFFICE: 95 Valley Walk
Rickmansworth
Hertfordshire
WD3 3TQ





REGISTERED NUMBER: 07865649 (England and Wales)





ACCOUNTANTS: Albury Associates Limited
2nd Floor, One Hobbs House,
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

AUDLEY SQUARE PROPERTIES LTD (REGISTERED NUMBER: 07865649)

BALANCE SHEET
26 NOVEMBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 463 463

CURRENT ASSETS
Debtors 5 1,087,510 1,372,003
Cash at bank 3,052 1,279
1,090,562 1,373,282
CREDITORS
Amounts falling due within one year 6 186,199 184,317
NET CURRENT ASSETS 904,363 1,188,965
TOTAL ASSETS LESS CURRENT
LIABILITIES

904,826

1,189,428

CREDITORS
Amounts falling due after more than one year 7 171,554 446,293
NET ASSETS 733,272 743,135

CAPITAL AND RESERVES
Called up share capital 9 2 2
Retained earnings 10 733,270 743,133
SHAREHOLDERS' FUNDS 733,272 743,135

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 26 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 26 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 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 Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:




Mrs B Patel - Director


AUDLEY SQUARE PROPERTIES LTD (REGISTERED NUMBER: 07865649)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 26 NOVEMBER 2023


1. STATUTORY INFORMATION

Audley Square Properties 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3. EMPLOYEES AND DIRECTORS

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 27 November 2022
and 26 November 2023 463
NET BOOK VALUE
At 26 November 2023 463
At 26 November 2022 463

AUDLEY SQUARE PROPERTIES LTD (REGISTERED NUMBER: 07865649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 NOVEMBER 2023


5. DEBTORS
2023 2022
£    £   
Amounts falling due within one year:
Amounts owed by group undertakings 902,643 880,411
Other debtors 51,424 50,424
954,067 930,835

Amounts falling due after more than one year:
Trade debtors 51,873 -
Other debtors 81,570 441,168
133,443 441,168

Aggregate amounts 1,087,510 1,372,003

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 6,071 9,750
Trade creditors 1,801 2,160
Amounts owed to group undertakings 109,166 109,166
Taxation and social security 47,167 43,930
Other creditors 21,994 19,311
186,199 184,317

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 33,404 36,713
Other creditors 138,150 409,580
171,554 446,293

Amounts falling due in more than five years:

Repayable by instalments
Other loans more than 5 years - 2,751

8. SECURED DEBTS

Although there is no direct indebtedness to Arbuthnot Latham & Co Ltd, a Debenture dated 14 December 2018 in which Audley Square Properties Limited has provided a cross guarantee, secured by way of a fixed charge and negative pledge in respect of loans to related entities, exists.

Additionally, again although there is no direct indebtedness to Maslow IV Limited and Spear Investments Ireland DAC, two Debentures dated 15 July 2021 in which Audley Square Properties Limited has provided a cross guarantee, secured by way of a fixed charge and negative pledge in respect of loans to related entities, exists.

AUDLEY SQUARE PROPERTIES LTD (REGISTERED NUMBER: 07865649)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 26 NOVEMBER 2023


9. CALLED UP SHARE CAPITAL

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

10. RESERVES
Retained
earnings
£   

At 27 November 2022 743,133
Deficit for the year (9,863 )
At 26 November 2023 733,270

11. RELATED PARTY DISCLOSURES

At the balance sheet date, included within debtors, is an amount of £854,087 (2022: £1,193,153) owed by
related entities in which B Patel has beneficial interest.

At the balance sheet date, included within debtors, is an amount of £130,126 (2022: £128,426) owed by V Patel.

At the balance sheet date, included within debtors, is an amount of £7,494 (2022: £6,494) owed by the director, B Patel .

The amounts above are unsecured, interest free and repayable on demand.

At the balance sheet date, included within creditors, amounts falling due within one year, is an amount of
£109,166 (2022: £109,166) owed to related entities in which B Patel has beneficial interest.

At the balance sheet date, included within creditors, amounts falling due after more than one year, is an amount of £55,163 (2022: £NIL) owed to related entities in which B Patel has beneficial interest.

These amounts are unsecured, interest free and payable on demand.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Mrs B Patel.