REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 27 March 2023 to 31 March 2024 |
for |
Andorinha Properties Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Period 27 March 2023 to 31 March 2024 |
for |
Andorinha Properties Limited |
Andorinha Properties Limited (Registered number: SC763738) |
Contents of the Financial Statements |
for the Period 27 March 2023 to 31 March 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
Andorinha Properties Limited |
Company Information |
for the Period 27 March 2023 to 31 March 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
44 The Pantiles |
Tunbridge Wells |
Kent |
TN2 5TN |
Andorinha Properties Limited (Registered number: SC763738) |
Balance Sheet |
31 March 2024 |
Notes | £ |
FIXED ASSETS |
Tangible assets | 4 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 | ( |
) |
NET CURRENT LIABILITIES | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings | 8 | ( |
) |
( |
) |
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. |
Andorinha Properties Limited (Registered number: SC763738) |
Balance Sheet - continued |
31 March 2024 |
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 |
Andorinha Properties Limited (Registered number: SC763738) |
Notes to the Financial Statements |
for the Period 27 March 2023 to 31 March 2024 |
1. | STATUTORY INFORMATION |
Andorinha Properties Limited is a |
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. |
The functional and presentational currency of the company is pounds sterling. Monetary amounts in these |
financial statements are rounded to the nearest £1, except where otherwise indicated. |
Tangible fixed assets |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
Taxation |
Taxation for the period 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 period 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. |
Provision for liabilities |
Provisions are recognised when the company has a present obligation (legal or constructive) as a result of a past event, it is probable that the company will be required to settle the obligation, and a reliable estimate can be made of the amount of the obligation. |
The amount recognised as a provision is the best estimate of the consideration required to settle the present |
obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the |
obligation. |
Andorinha Properties Limited (Registered number: SC763738) |
Notes to the Financial Statements - continued |
for the Period 27 March 2023 to 31 March 2024 |
2. | ACCOUNTING POLICIES - continued |
Debtors and creditors receivable/payable in one year |
Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
transaction price. Any losses arising from impairment are recognised in the profit and loss account in administrative expenses. |
Other income |
Interest income, including income arising from finance leases and other financial instruments, is recognised using the effective interest method. Dividend income is recognised when the right to receive payment is established. |
Income from fixed asset investments is recognised when the right to it has been established. |
Government grants are recognised on an accruals basis in accordance with the substance of the relevant |
agreement. |
Income from fixed asset investments is recognised when the right to it has been established. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the period was NIL. |
4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
Additions |
At 31 March 2024 |
DEPRECIATION |
Charge for period |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
5. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
Additions |
At 31 March 2024 |
NET BOOK VALUE |
At 31 March 2024 |
6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Other debtors |
Andorinha Properties Limited (Registered number: SC763738) |
Notes to the Financial Statements - continued |
for the Period 27 March 2023 to 31 March 2024 |
7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Bank loans and overdrafts |
Trade creditors |
Other creditors |
MS Lending MSQ-0674 | 256,750 |
Directors' current accounts | 270,543 |
Accrued expenses |
8. | RESERVES |
Retained |
earnings |
£ |
Deficit for the period | ( |
) |
At 31 March 2024 | ( |
) |
9. | RELATED PARTY DISCLOSURES |
At the balance sheet date the company owed its directors £270,543 and this is included in other creditors. The loan is interest free and is repayable on demand. |
As at 31 March 2024 £104,740 was owed to an entity connected with key management personnel. The loan interest rate is 10% per annum accruing on a daily basis and the loan is repayable on demand. |