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REGISTERED NUMBER: 13241103 (England and Wales)














Unaudited Financial Statements

for the Year Ended 31 March 2024

for

AOB Property Management Limited

AOB Property Management Limited (Registered number: 13241103)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Balance Sheet 1

Notes to the Financial Statements 2


AOB Property Management Limited (Registered number: 13241103)

Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,835 -
Investment property 5 1,307,187 1,134,676
1,311,022 1,134,676

CURRENT ASSETS
Debtors 6 100 100
Cash at bank 4,423 11,063
4,523 11,163
CREDITORS
Amounts falling due within one year 7 705,518 484,120
NET CURRENT LIABILITIES (700,995 ) (472,957 )
TOTAL ASSETS LESS CURRENT LIABILITIES 610,027 661,719

CREDITORS
Amounts falling due after more than one year 8 659,907 674,329
NET LIABILITIES (49,880 ) (12,610 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (49,980 ) (12,710 )
(49,880 ) (12,610 )

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.

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 10 September 2024 and were signed on its behalf by:





Mrs R P Beaumont - Director


AOB Property Management Limited (Registered number: 13241103)

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

1. STATUTORY INFORMATION

AOB Property Management 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: 13241103

Registered office: Ebenezer House
Ryecroft
Newcastle Under Lyme
Staffordshire
ST5 2BE

The presentation currency of the financial statements is the Pound Sterling (£).


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.
Fixtures and fittings - 20% 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.

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.

Rental income
Rental income is accounted for on a time basis, by reference to the agreements entered into.

Revenue is recognised as the company becomes entitled to consideration for the goods and services supplied. Therefore,
turnover also includes the element of work completed but not yet invoiced on service contracts

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

AOB Property Management Limited (Registered number: 13241103)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
Additions 4,794
At 31 March 2024 4,794
DEPRECIATION
Charge for year 959
At 31 March 2024 959
NET BOOK VALUE
At 31 March 2024 3,835

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,134,676
Additions 172,511
At 31 March 2024 1,307,187
NET BOOK VALUE
At 31 March 2024 1,307,187
At 31 March 2023 1,134,676

The directors consider the fair value to be £1,307,187 as at 31 March 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 100 100

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 14,343 13,835
Other creditors 691,175 470,285
705,518 484,120

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 659,907 674,329

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 629,643 645,136

AOB Property Management Limited (Registered number: 13241103)

Notes to the Financial Statements - continued
for the Year Ended 31 March 2024

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 674,250 688,164

The bank loans are secured by a legal mortgage.