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REGISTERED NUMBER: 03891869 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Allsop Properties Limited

Allsop Properties Limited (Registered number: 03891869)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Allsop Properties Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: Mr R Allsop
Mrs A M Allsop





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 03891869 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

Allsop Properties Limited (Registered number: 03891869)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 650,000 1,030,000

CURRENT ASSETS
Debtors 5 251,670 543,907
Cash at bank 244,697 14,961
496,367 558,868
CREDITORS
Amounts falling due within one year 6 510,589 740,417
NET CURRENT LIABILITIES (14,222 ) (181,549 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

635,778

848,451

CREDITORS
Amounts falling due after more than one
year

7

-

(95,000

)

PROVISIONS FOR LIABILITIES (22,707 ) (79,936 )
NET ASSETS 613,071 673,515

CAPITAL AND RESERVES
Called up share capital 8 100 100
Non distributable reserves 9 68,121 239,807
Retained earnings 544,850 433,608
SHAREHOLDERS' FUNDS 613,071 673,515

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.

Allsop Properties Limited (Registered number: 03891869)

Balance Sheet - continued
31 December 2023


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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 25 September 2024 and were signed on its behalf by:





Mr R Allsop - Director


Allsop Properties Limited (Registered number: 03891869)

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

1. STATUTORY INFORMATION

Allsop Properties 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.

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 represents rents receivable, excluding value added tax.

Investment property
Investment properties are revalued annually and any surplus or deficit is dealt with through profit and loss. No depreciation is provided in respect of investment properties.

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.

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 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 1,030,000
Disposals (380,000 )
At 31 December 2023 650,000
NET BOOK VALUE
At 31 December 2023 650,000
At 31 December 2022 1,030,000

Allsop Properties Limited (Registered number: 03891869)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2023 650,000

If investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 559,171 710,256

Investment properties were valued on an open market basis on 31 December 2023 by the director, Mr R Allsop .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors - 966
Other debtors 251,670 542,555
Prepayments - 386
251,670 543,907

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts - 95,617
Trade creditors 102 -
Tax - 41,740
Other creditors 1,500 1,030
Directors' current accounts 497,375 600,530
Accruals and deferred income 11,612 1,500
510,589 740,417

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 95,000

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
100 Ordinary £1 100 100

Allsop Properties Limited (Registered number: 03891869)

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

9. RESERVES
Non
distributable
reserves
£   
At 1 January 2023 239,807
Deferred tax movement 57,229
Transfer from reserves (228,915 )

At 31 December 2023 68,121

10. RELATED PARTY DISCLOSURES

The balance outstanding on interest free loans provided to companies with common directors and under common control amounted to £249,966 (2022: £NIL).