AZTEC PROPERTY LTD |
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BALANCE SHEET |
AS AT 31 DECEMBER 2023 |
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These accounts have been prepared and delivered in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities. |
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For the financial year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006. |
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Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
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The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
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As permitted by S444 (5A) of the Companies Act 2006 the directors have not delivered to the Registrar a copy of the company’s Profit and Loss Account or Directors Report. |
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Signed on behalf of the board of directors |
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S A Peaks |
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W J Hawketts |
Director |
Director |
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Date approved by the board: 7 March 2024 |
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AZTEC PROPERTY LTD |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
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1 |
GENERAL INFORMATION |
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Aztec Property Ltd is a private company limited by shares and incorporated in England and Wales. Its registered office and principal place of business are: |
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Registered office |
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Principal place of business |
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C9 Glyme Court |
The Elms |
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Oxford Office Village |
Dale Road |
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Langford Lane |
South Darley Dale |
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Kidlington |
Matlock |
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Oxford |
DE4 2EU |
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OX5 1LQ |
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The financial statements are presented in Sterling, which is the functional currency of the company. |
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2 |
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES |
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Basis of preparation of financial statements |
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These financial statements have been prepared in accordance with applicable United Kingdom accounting standards, including Financial Reporting Standard 102 Section 1A smaller entities 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' ('FRS 102') and the Companies Act 2006. |
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Revenue recognition |
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AZTEC PROPERTY LTD |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31 DECEMBER 2023 |
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8 |
CREDITORS: Amounts falling due after more than one year |
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2023 |
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2022 |
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£ |
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£ |
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Bank loans and overdrafts |
320,250 |
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565,413 |
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Included in the amounts falling due after more than one year are the following amounts which are due in more |
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than five years: |
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2023 |
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2022 |
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£ |
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£ |
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Bank loans and overdrafts |
320,250 |
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538,921 |
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9 |
SECURED DEBTS |
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The company has a bank loan with Together Commercial Limited which is secured on the investment property with a carrying value of £413,757 and has a floating charge over all buildings fixtures, fittings, plant and machinery on that property. The loan is interest only and due to be repaid by December 2037 and interest is currently being charged at 8.24%. |
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10 |
RELATED PARTY TRANSACTIONS |
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During the year, the following transactions with related parties took place: |
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Advances made by directors |
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2023 |
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2022 |
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£ |
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£ |
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W J Hawketts |
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Amount owed by the company at 31 December 2023 |
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40,490 |
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M N Oakes |
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Amount owed by the company at 31 December 2023 |
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40,490 |
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S A Peaks |
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Amount owed by the company at 31 December 2023 |
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100,330 |
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