Company registration number 09388663 (England and Wales)
AGHOO LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024
PAGES FOR FILING WITH REGISTRAR
AGHOO LTD
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 4
AGHOO LTD
BALANCE SHEET
AS AT
31 JANUARY 2024
31 January 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
2
911
996
Investment property
3
3,537,500
4,354,484
3,538,411
4,355,480
Current assets
Debtors
4
15,383
8,752
Cash at bank and in hand
4,092
15,383
12,844
Creditors: amounts falling due within one year
5
(2,328,109)
(2,066,601)
Net current liabilities
(2,312,726)
(2,053,757)
Total assets less current liabilities
1,225,685
2,301,723
Creditors: amounts falling due after more than one year
6
(533,621)
(1,610,811)
Provisions for liabilities
(78,281)
(96,052)
Net assets
613,783
594,860
Capital and reserves
Called up share capital
100
100
Other reserves
353,170
548,993
Profit and loss reserves
260,513
45,767
Total equity
613,783
594,860
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
For the financial year ended 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
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 members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
AGHOO LTD
BALANCE SHEET (CONTINUED)
AS AT
31 JANUARY 2024
31 January 2024
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 23 October 2024 and are signed on its behalf by:
Mr M Haigh
Director
Company registration number 09388663 (England and Wales)
AGHOO LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
- 3 -
1
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
2
2
2
Tangible fixed assets
Fixtures and fittings
Computers
Total
£
£
£
Cost
At 1 February 2023
4,835
746
5,581
Additions
330
330
At 31 January 2024
5,165
746
5,911
Depreciation and impairment
At 1 February 2023
4,336
249
4,585
Depreciation charged in the year
166
249
415
At 31 January 2024
4,502
498
5,000
Carrying amount
At 31 January 2024
663
248
911
At 31 January 2023
499
497
996
3
Investment property
2024
£
Fair value
At 1 February 2023
4,354,484
Disposals
(903,500)
Revaluations
86,516
At 31 January 2024
3,537,500
The fair value of the investment properties have been arrived at on the basis of a valuation carried out at 31 January 2024 by directors on an open market value basis.
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
AGHOO LTD
BALANCE SHEET (CONTINUED)
AS AT 31 JANUARY 2024
31 January 2024
3
Investment property
(Continued)
- 4 -
2024
2023
£
£
Cost
3,106,049
3,671,574
Accumulated depreciation
-
-
Carrying amount
3,106,049
3,671,574
4
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
11,987
4,894
Other debtors
500
500
Prepayments and accrued income
2,896
3,358
15,383
8,752
5
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans and overdrafts
58,392
53,615
Trade creditors
7,915
2,824
Corporation tax
33,020
16,119
Other creditors
2,221,365
1,985,365
Accruals and deferred income
7,417
8,678
2,328,109
2,066,601
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
533,621
1,610,811
The bank loans are secured on the properties on which the loans were raised.