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REGISTERED NUMBER: 11100187 (England and Wales)















Unaudited Financial Statements

for the Year Ended 31 December 2023

for

Andles Property Management Limited

Andles Property Management Limited (Registered number: 11100187)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


Andles Property Management Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mrs L S Wilde
A D Wilde





REGISTERED OFFICE: 17 Anglesey Avenue
Maidstone
Kent
ME15 9SU





REGISTERED NUMBER: 11100187 (England and Wales)





ACCOUNTANTS: Berry & Company
Chartered Accountants
Sterling House
7 Ashford Road
Maidstone
Kent
ME14 5BJ

Andles Property Management Limited (Registered number: 11100187)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 240,722 241,037

CURRENT ASSETS
Cash at bank 5,808 5,808

CREDITORS
Amounts falling due within one year 5 86,058 84,671
NET CURRENT LIABILITIES (80,250 ) (78,863 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

160,472

162,174

CREDITORS
Amounts falling due after more than one
year

6

167,500

167,500
NET LIABILITIES (7,028 ) (5,326 )

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings (7,030 ) (5,328 )
(7,028 ) (5,326 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 2 September 2024 and were signed on its behalf by:



Mrs L S Wilde - Director


Andles Property Management Limited (Registered number: 11100187)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Andles Property Management Limited 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.

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.

The company is reliant on the financial support of the directors who have advanced the company £85,697 by way of directors' loans. The directors have stated that these amounts will only be called up for repayment when the company has sufficient reserves and future operating cashflows from which to repay this debt and meet all its other debts as they fall due and for this reason have adopted the Going Concern principle when preparing these financial statements despite liabilities exceeding assets by £7,028.

Income recognition
Turnover represents the fair value of consideration received or receivable derived from the rendering of property management services to customers during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Tangible fixed assets
Land and buildings are valued at cost.

Financial instruments
The company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised cost with changes recognised in profit or loss.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

Andles Property Management Limited (Registered number: 11100187)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 240,537 1,150 241,687
DEPRECIATION
At 1 January 2023 - 650 650
Charge for year - 315 315
At 31 December 2023 - 965 965
NET BOOK VALUE
At 31 December 2023 240,537 185 240,722
At 31 December 2022 240,537 500 241,037

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other creditors 86,058 84,671

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 167,500 167,500

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 167,500 167,500

7. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 167,500 167,500

The mortgage of £167,500 is secured by way of a fixed charge over the freehold property at 41 Hardy Street, Maidstone ME14 2SH.

8. ULTIMATE CONTROLLING PARTY

The company is controlled by the directors by virtue of their shareholdings.