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REGISTERED NUMBER: 11171144 (England and Wales)















Financial Statements For The Year Ended 31 January 2024

for

A&O PROPERTY LIMITED

A&O PROPERTY LIMITED (REGISTERED NUMBER: 11171144)






Contents of the Financial Statements
For The Year Ended 31 January 2024




Page

Balance Sheet 1

Notes to the Financial Statements 3


A&O PROPERTY LIMITED (REGISTERED NUMBER: 11171144)

Balance Sheet
31 January 2024

31/1/24 31/1/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,320 4,146
Investment property 5 6,037,000 6,037,000
6,040,320 6,041,146

CURRENT ASSETS
Stocks 579,984 560,691
Debtors 6 537,362 567,092
Cash at bank 21,077 18,356
1,138,423 1,146,139
CREDITORS
Amounts falling due within one year 7 344,649 441,363
NET CURRENT ASSETS 793,774 704,776
TOTAL ASSETS LESS CURRENT
LIABILITIES

6,834,094

6,745,922

CREDITORS
Amounts falling due after more than one year 8 (3,107,486 ) (3,128,150 )

PROVISIONS FOR LIABILITIES (149,859 ) (150,039 )
NET ASSETS 3,576,749 3,467,733

CAPITAL AND RESERVES
Called up share capital 2,750,600 2,750,600
Revaluation reserve 10 788,185 788,185
Retained earnings 37,964 (71,052 )
3,576,749 3,467,733

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

A&O PROPERTY LIMITED (REGISTERED NUMBER: 11171144)

Balance Sheet - continued
31 January 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 21 August 2024 and were signed on its behalf by:





A Ghaffar - Director


A&O PROPERTY LIMITED (REGISTERED NUMBER: 11171144)

Notes to the Financial Statements
For The Year Ended 31 January 2024

1. STATUTORY INFORMATION

A&O Property 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: 11171144

Registered office: 65 Valleyfield Road
Streatham
London
SW16 2HS

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 as modified by the revaluation of certain assets.

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

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% on reducing balance

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Stocks
Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments
Basic financial liabilities, including trade and other payables, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest.

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.

A&O PROPERTY LIMITED (REGISTERED NUMBER: 11171144)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

2. ACCOUNTING POLICIES - continued

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 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 February 2023 383 2,125 9,852 12,360
Additions - 280 - 280
At 31 January 2024 383 2,405 9,852 12,640
DEPRECIATION
At 1 February 2023 262 1,174 6,778 8,214
Charge for year 30 307 769 1,106
At 31 January 2024 292 1,481 7,547 9,320
NET BOOK VALUE
At 31 January 2024 91 924 2,305 3,320
At 31 January 2023 121 951 3,074 4,146

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 6,037,000
NET BOOK VALUE
At 31 January 2024 6,037,000
At 31 January 2023 6,037,000

A&O PROPERTY LIMITED (REGISTERED NUMBER: 11171144)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

5. INVESTMENT PROPERTY - continued

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2019 620,623
Valuation in 2020 73,760
Valuation in 2021 93,802
Cost 5,248,815
6,037,000

If Investment property had not been revalued it would have been included at the following historical cost:

31/1/24 31/1/23
£    £   
Cost 5,248,815 5,248,815
Aggregate depreciation (626,685 ) (521,709 )

Investment property was valued on an open market basis on 31 January 2024 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Trade debtors 20,295 37,188
Other debtors 517,067 529,904
537,362 567,092

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/1/24 31/1/23
£    £   
Bank loans and overdrafts 53,580 51,532
Payments on account 11,103 11,103
Trade creditors 11,450 11,450
Taxation and social security 34,579 10,982
Other creditors 233,937 356,296
344,649 441,363

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/1/24 31/1/23
£    £   
Bank loans 3,089,192 3,100,003
Other creditors 18,294 28,147
3,107,486 3,128,150

A&O PROPERTY LIMITED (REGISTERED NUMBER: 11171144)

Notes to the Financial Statements - continued
For The Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31/1/24 31/1/23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 2,914,789 2,933,611

9. SECURED DEBTS

The following secured debts are included within creditors:

31/1/24 31/1/23
£    £   
Bank loans 3,142,772 3,151,535

Loans are secured by legal charges over the company's investment properties.

10. RESERVES
Revaluation
reserve
£   
At 1 February 2023
and 31 January 2024 788,185