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REGISTERED NUMBER: 09329079 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

AGW INVESTMENTS LIMITED

AGW INVESTMENTS LIMITED (REGISTERED NUMBER: 09329079)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AGW INVESTMENTS LIMITED

Company Information
for the Year Ended 31st March 2024







DIRECTORS: Mrs J L Ashcroft
Mrs J Green
Mrs J White





REGISTERED OFFICE: 41 St Thomas's Road
Chorley
Lancashire
PR7 1JE





REGISTERED NUMBER: 09329079 (England and Wales)





ACCOUNTANTS: Abrams Ashton - Chorley Limited
Chartered Certified Accountants
41 St Thomas's Road
Chorley
Lancashire
PR7 1JE

AGW INVESTMENTS LIMITED (REGISTERED NUMBER: 09329079)

Balance Sheet
31st March 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 360,000 282,808

CURRENT ASSETS
Cash at bank 1,523 543

CREDITORS
Amounts falling due within one year 5 64,093 53,102
NET CURRENT LIABILITIES (62,570 ) (52,559 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

297,430

230,249

CREDITORS
Amounts falling due after more than one
year

6

(217,902

)

(231,611

)

PROVISIONS FOR LIABILITIES (14,666 ) -
NET ASSETS/(LIABILITIES) 64,862 (1,362 )

CAPITAL AND RESERVES
Called up share capital 99 99
Other reserves 62,525 -
Retained earnings 2,238 (1,461 )
64,862 (1,362 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2024 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.

AGW INVESTMENTS LIMITED (REGISTERED NUMBER: 09329079)

Balance Sheet - continued
31st March 2024


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18th October 2024 and were signed on its behalf by:




Mrs J L Ashcroft - Director Mrs J Green - Director




Mrs J White - Director


AGW INVESTMENTS LIMITED (REGISTERED NUMBER: 09329079)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. STATUTORY INFORMATION

AGW Investments 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.

Revenue recognition
Revenue is measured at the fair value of the consideration received or receivable and represents amounts received for services rendered, stated net of discounts and of Value Added Tax.

Revenue represents rental income receivable during the period.

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.

Investment properties are held to earn rentals. They are initially measured at cost, including transaction costs. Subsequently, they are measured at fair value and are based on an open market value. Deferred tax is provided on these movements. Gains and losses arising from changes in the fair values are included in the Statement of Income in the period in which they arise.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments' of FRS 102 to all its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial liabilities, including creditors, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

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.

Cash and cash equivalents
Cash and cash equivalents includes cash in hand, deposits held with banks, and bank overdrafts. Bank overdrafts, when applicable, are shown within borrowings in current liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

AGW INVESTMENTS LIMITED (REGISTERED NUMBER: 09329079)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

4. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1st April 2023 282,808
Revaluations 77,192
At 31st March 2024 360,000
NET BOOK VALUE
At 31st March 2024 360,000
At 31st March 2023 282,808

Cost or valuation at 31st March 2024 is represented by:
£   
Valuation in 2024 77,191
Cost 282,809
360,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 3,792 3,107
Other loans 26,739 26,015
Tax 525 -
Directors' current accounts 31,257 22,960
Accruals and deferred income 1,780 1,020
64,093 53,102

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 3,792 3,107
Bank loans - 2-5 years 9,321 9,321
Bank loans more 5 yr by instal 78,020 89,544
Other loans - 1-2 years 2,950 2,870
Other loans - 2-5 years 9,430 9,098
Other loans more 5yrs instal 114,389 117,671
217,902 231,611

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 78,020 89,544
Other loans more 5yrs instal 114,389 117,671
192,409 207,215

AGW INVESTMENTS LIMITED (REGISTERED NUMBER: 09329079)

Notes to the Financial Statements - continued
for the Year Ended 31st March 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 94,925 105,079

The bank loan is secured by way of a legal charge over all investment properties owned by the company, and by fixed and floating charges over all property and undertakings of the company.

8. RELATED PARTY DISCLOSURES

As at 31 March 2024, the company owed £31,257 to its directors (2023: £22,960). No interest has been charged on these loans and they are repayable on demand.