IRIS Accounts Production v24.2.0.383 11584522 director 1.5.23 30.4.24 30.4.24 false true false false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh115845222023-04-30115845222024-04-30115845222023-05-012024-04-30115845222022-04-30115845222022-05-012023-04-30115845222023-04-3011584522ns15:EnglandWales2023-05-012024-04-3011584522ns14:PoundSterling2023-05-012024-04-3011584522ns10:Director12023-05-012024-04-3011584522ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3011584522ns10:SmallEntities2023-05-012024-04-3011584522ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3011584522ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3011584522ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3011584522ns10:AbridgedAccounts2023-05-012024-04-301158452212023-05-012024-04-3011584522ns10:OrdinaryShareClass12023-05-012024-04-3011584522ns10:RegisteredOffice2023-05-012024-04-3011584522ns5:CurrentFinancialInstruments2024-04-3011584522ns5:CurrentFinancialInstruments2023-04-3011584522ns5:Non-currentFinancialInstruments2024-04-3011584522ns5:Non-currentFinancialInstruments2023-04-3011584522ns5:ShareCapital2024-04-3011584522ns5:ShareCapital2023-04-3011584522ns5:RetainedEarningsAccumulatedLosses2024-04-3011584522ns5:RetainedEarningsAccumulatedLosses2023-04-3011584522ns5:NetGoodwill2023-05-012024-04-3011584522ns5:IntangibleAssetsOtherThanGoodwill2023-05-012024-04-3011584522ns5:PlantMachinery2023-05-012024-04-3011584522ns5:MotorVehicles2023-05-012024-04-3011584522ns5:ComputerEquipment2023-05-012024-04-3011584522ns5:DeferredTaxation2023-04-3011584522ns5:DeferredTaxation2023-05-012024-04-3011584522ns5:DeferredTaxation2024-04-3011584522ns10:OrdinaryShareClass12024-04-30
REGISTERED NUMBER: 11584522 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

AW PROPERTY DEVELOPMENTS (NE) LTD

AW PROPERTY DEVELOPMENTS (NE) LTD (REGISTERED NUMBER: 11584522)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AW PROPERTY DEVELOPMENTS (NE) LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: A I Webster





REGISTERED OFFICE: Verdemar House
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR





REGISTERED NUMBER: 11584522 (England and Wales)





ACCOUNTANTS: T O'Sullivan Limited
Verdemar House
230 Park View
Whitley Bay
Tyne and Wear
NE26 3QR

AW PROPERTY DEVELOPMENTS (NE) LTD (REGISTERED NUMBER: 11584522)

ABRIDGED BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 8,000 10,000
Tangible assets 5 30,257 22,092
38,257 32,092

CURRENT ASSETS
Debtors 22,514 3,574
Cash at bank 46,180 41,431
68,694 45,005
CREDITORS
Amounts falling due within one year 39,373 57,584
NET CURRENT ASSETS/(LIABILITIES) 29,321 (12,579 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

67,578

19,513

CREDITORS
Amounts falling due after more than one
year

(26,107

)

(18,900

)

PROVISIONS FOR LIABILITIES 6 (5,749 ) (4,197 )
NET ASSETS/(LIABILITIES) 35,722 (3,584 )

CAPITAL AND RESERVES
Called up share capital 7 100 100
Retained earnings 35,622 (3,684 )
SHAREHOLDERS' FUNDS 35,722 (3,584 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AW PROPERTY DEVELOPMENTS (NE) LTD (REGISTERED NUMBER: 11584522)

ABRIDGED BALANCE SHEET - continued
30 APRIL 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30 April 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 director and authorised for issue on 4 October 2024 and were signed by:





A I Webster - Director


AW PROPERTY DEVELOPMENTS (NE) LTD (REGISTERED NUMBER: 11584522)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024

1. STATUTORY INFORMATION

AW Property Developments (NE) Ltd 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2018, is being amortised evenly over its estimated useful life of ten years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Plant and machinery - 33% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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.

AW PROPERTY DEVELOPMENTS (NE) LTD (REGISTERED NUMBER: 11584522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023
and 30 April 2024 20,000
AMORTISATION
At 1 May 2023 10,000
Amortisation for year 2,000
At 30 April 2024 12,000
NET BOOK VALUE

At 30 April 2024 8,000
At 30 April 2023 10,000

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 May 2023 34,100
Additions 18,353
At 30 April 2024 52,453
DEPRECIATION
At 1 May 2023 12,008
Charge for year 10,188
At 30 April 2024 22,196
NET BOOK VALUE
At 30 April 2024 30,257
At 30 April 2023 22,092

AW PROPERTY DEVELOPMENTS (NE) LTD (REGISTERED NUMBER: 11584522)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024

5. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Totals
£   
COST
At 1 May 2023 28,000
Additions 17,395
At 30 April 2024 45,395
DEPRECIATION
At 1 May 2023 7,000
Charge for year 9,599
At 30 April 2024 16,599
NET BOOK VALUE
At 30 April 2024 28,796
At 30 April 2023 21,000

6. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 5,749 4,197

Deferred
tax
£   
Balance at 1 May 2023 4,197
Provided during year 1,552
Balance at 30 April 2024 5,749

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100