Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-31false2023-04-01falseNo description of principal activity22falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 09010687 2023-04-01 2024-03-31 09010687 2022-04-01 2023-03-31 09010687 2024-03-31 09010687 2023-03-31 09010687 c:Director1 2023-04-01 2024-03-31 09010687 d:MotorVehicles 2023-04-01 2024-03-31 09010687 d:MotorVehicles 2024-03-31 09010687 d:MotorVehicles 2023-03-31 09010687 d:MotorVehicles d:OwnedOrFreeholdAssets 2023-04-01 2024-03-31 09010687 d:CurrentFinancialInstruments 2024-03-31 09010687 d:CurrentFinancialInstruments 2023-03-31 09010687 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 09010687 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 09010687 d:ShareCapital 2024-03-31 09010687 d:ShareCapital 2023-03-31 09010687 d:RetainedEarningsAccumulatedLosses 2024-03-31 09010687 d:RetainedEarningsAccumulatedLosses 2023-03-31 09010687 c:FRS102 2023-04-01 2024-03-31 09010687 c:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 09010687 c:FullAccounts 2023-04-01 2024-03-31 09010687 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 09010687 2 2023-04-01 2024-03-31 09010687 e:PoundSterling 2023-04-01 2024-03-31 iso4217:GBP xbrli:pure

Registered number: 09010687










AFB PROPERTY INVESTMENTS LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
AFB PROPERTY INVESTMENTS LIMITED
 
 
  
REPORT TO THE DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AFB PROPERTY INVESTMENTS LIMITED
FOR THE YEAR ENDED 31 MARCH 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of AFB PROPERTY INVESTMENTS LIMITED for the year ended 31 March 2024 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountantswe are subject to its ethical and other professional requirements which are detailed at https://www.accaglobal .com/uk/en/about-us /regulation/ethics /acca-rulebook.html.

This report is made solely to the Board of directors of AFB PROPERTY INVESTMENTS LIMITED, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of AFB PROPERTY INVESTMENTS LIMITED and state those matters that we have agreed to state to the Board of directors of AFB PROPERTY INVESTMENTS LIMITED, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal .com/content/dam/ACCA_Global /Technical /fact/technical-factsheet -163.pdf. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AFB PROPERTY INVESTMENTS LIMITED and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that AFB PROPERTY INVESTMENTS LIMITED has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AFB PROPERTY INVESTMENTS LIMITED. You consider that AFB PROPERTY INVESTMENTS LIMITED is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of AFB PROPERTY INVESTMENTS LIMITED. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Alder Demain & Akers Ltd
 
Accountants
  
2 Michaels Court
Hanney Road
Southmoor
Oxford
OX13 5HR
30 September 2024
Page 1

 
AFB PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 09010687

BALANCE SHEET
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 4 
-
1

  
-
1

Current assets
  

Debtors: amounts falling due within one year
 5 
103,363
102,238

Cash at bank and in hand
 6 
11,372
8,068

  
114,735
110,306

Creditors: amounts falling due within one year
 7 
(14,217)
(11,643)

Net current assets
  
 
 
100,518
 
 
98,663

Total assets less current liabilities
  
100,518
98,664

  

Net assets
  
100,518
98,664

Page 2

 
AFB PROPERTY INVESTMENTS LIMITED
REGISTERED NUMBER: 09010687
    
BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Capital and reserves
  

Called up share capital 
  
100
100

Profit and loss account
  
100,418
98,564

  
100,518
98,664


The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 30 September 2024.




................................................
Alan Charles Bertram
Director

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
AFB PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

AFB Property Investments Limited is a company limited by shares which was incorpoarted in England.
The principal place of business is:
25 Oxford Crescent
Didcot
Oxfordshire
OX11 7AL
The company's principal activity is building contract services. 

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Interest income

Interest income is recognised in profit or loss using the effective interest method.

Page 4

 
AFB PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.

 
2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Motor vehicles
-
20% Straight Line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.8

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Page 5

 
AFB PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.9

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).


4.


Tangible fixed assets





Motor vehicles

£



Cost or valuation


At 1 April 2023
17,700



At 31 March 2024

17,700



Depreciation


At 1 April 2023
17,699


Charge for the year on owned assets
1



At 31 March 2024

17,700



Net book value



At 31 March 2024
-



At 31 March 2023
1

Page 6

 
AFB PROPERTY INVESTMENTS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

5.


Debtors

2024
2023
£
£


Other debtors
103,363
102,238

103,363
102,238



6.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,372
8,068

11,372
8,068



7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
10,296
9,069

Other creditors
1,421
74

Accruals and deferred income
2,500
2,500

14,217
11,643


 
Page 7