AWT Investments Limited 08741431 false 2023-04-01 2024-03-31 2024-03-31 The principal activity of the company is that of property and loan related activity. Digita Accounts Production Advanced 6.30.9574.0 true true 08741431 2023-04-01 2024-03-31 08741431 2024-03-31 08741431 core:CurrentFinancialInstruments 2024-03-31 08741431 core:CurrentFinancialInstruments core:WithinOneYear 2024-03-31 08741431 core:Non-currentFinancialInstruments 2024-03-31 08741431 core:Non-currentFinancialInstruments core:AfterOneYear 2024-03-31 08741431 core:MoreThanFiveYears 2 2024-03-31 08741431 core:OtherPropertyPlantEquipment 2024-03-31 08741431 bus:SmallEntities 2023-04-01 2024-03-31 08741431 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 08741431 bus:FilletedAccounts 2023-04-01 2024-03-31 08741431 bus:SmallCompaniesRegimeForAccounts 2023-04-01 2024-03-31 08741431 bus:RegisteredOffice 2023-04-01 2024-03-31 08741431 bus:Director1 2023-04-01 2024-03-31 08741431 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 08741431 core:OtherPropertyPlantEquipment 2023-04-01 2024-03-31 08741431 core:PlantMachinery 2023-04-01 2024-03-31 08741431 countries:EnglandWales 2023-04-01 2024-03-31 08741431 2023-03-31 08741431 core:OtherPropertyPlantEquipment 2023-03-31 08741431 2022-04-01 2023-03-31 08741431 2023-03-31 08741431 core:CurrentFinancialInstruments 2023-03-31 08741431 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 08741431 core:Non-currentFinancialInstruments 2023-03-31 08741431 core:Non-currentFinancialInstruments core:AfterOneYear 2023-03-31 08741431 core:MoreThanFiveYears 2 2023-03-31 08741431 core:OtherPropertyPlantEquipment 2023-03-31 iso4217:GBP xbrli:pure

Registration number: 08741431

AWT Investments Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2024

 

AWT Investments Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

AWT Investments Limited

Company Information

Director

Mr AW Teasdale

Registered office

Fawley House
2 Regatta Place
Marlow Road
Bourne End
Bucks
SL8 5TD

Accountants

Sterling Grove Accountants Limited
Chartered Certified Accountants
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Bucks
SL8 5TD

 

AWT Investments Limited

(Registration number: 08741431)
Balance Sheet as at 31 March 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

418

872

Investment property

5

3,857,971

3,850,000

 

3,858,389

3,850,872

Current assets

 

Debtors

6

738,912

517,837

Cash at bank and in hand

 

130,921

28,419

 

869,833

546,256

Creditors: Amounts falling due within one year

7

(1,002,685)

(327,911)

Net current (liabilities)/assets

 

(132,852)

218,345

Total assets less current liabilities

 

3,725,537

4,069,217

Creditors: Amounts falling due after more than one year

7

(1,248,891)

(1,756,449)

Provisions for liabilities

(59,232)

(59,232)

Net assets

 

2,417,414

2,253,536

Capital and reserves

 

Called up share capital

100

100

Other reserves

246,673

246,673

Retained earnings

2,170,641

2,006,763

Shareholders' funds

 

2,417,414

2,253,536

For the financial year ending 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

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 director acknowledges his 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. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

 

AWT Investments Limited

(Registration number: 08741431)
Balance Sheet as at 31 March 2024

Approved and authorised by the director on 3 September 2024
 





Mr AW Teasdale
Director

 

AWT Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 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:
Fawley House
2 Regatta Place
Marlow Road
Bourne End
Bucks
SL8 5TD
United Kingdom

These financial statements were authorised for issue by the director on 3 September 2024.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These 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.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for finance income, rents receivable 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.

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 income 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.

 

AWT Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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

15% reducing balance or 33% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses 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.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business. Trade debtors are recognised at the transaction price less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

AWT Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities. Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

AWT Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

4

Tangible assets

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2023

3,859

3,859

At 31 March 2024

3,859

3,859

Depreciation

At 1 April 2023

2,987

2,987

Charge for the year

454

454

At 31 March 2024

3,441

3,441

Carrying amount

At 31 March 2024

418

418

At 31 March 2023

872

872

5

Investment properties

2024
£

At 1 April

3,850,000

Additions

7,971

At 31 March

3,857,971

Investment properties were valued on an open market basis on 31 March 2024 by the company director. If the investment properties had not been valued these would have been included at the historical cost of £3,552,067 (2023: £3,544,095).

6

Debtors

Current

2024
£

2023
£

Prepayments

10,398

9,053

Other debtors

728,514

508,784

 

738,912

517,837

 

AWT Investments Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

21,667

10,000

Taxation and social security

 

69,503

37,382

Accruals and deferred income

 

24,899

26,881

Other creditors

 

886,616

253,648

 

1,002,685

327,911

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

1,248,891

1,756,449

2024
£

2023
£

Due after more than five years

After more than five years not by instalments

650,350

1,734,838

-

-

Creditors include bank loans which are secured of £1,248,893 (2023 - £1,734,838).

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

1,248,891

1,756,449

Current loans and borrowings

2024
£

2023
£

Bank borrowings

21,667

10,000