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COMPANY REGISTRATION NUMBER: 03227288
ASTON TAYLOR PROPERTIES LIMITED
FILLETED UNAUDITED FINANCIAL STATEMENTS
29 February 2024
ASTON TAYLOR PROPERTIES LIMITED
FINANCIAL STATEMENTS
YEAR ENDED 29th FEBRUARY 2024
Contents
Page
Statement of financial position
1
Notes to the financial statements
3
ASTON TAYLOR PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION
29 February 2024
2024
2023
Note
£
£
£
Fixed assets
Tangible assets
5
343,971
343,995
Investments
6
10,000
10,000
---------
---------
353,971
353,995
Current assets
Debtors
7
28,290
28,254
Cash at bank and in hand
132,558
165,300
---------
---------
160,848
193,554
Creditors: amounts falling due within one year
8
52,995
38,565
---------
---------
Net current assets
107,853
154,989
---------
---------
Total assets less current liabilities
461,824
508,984
---------
---------
Net assets
461,824
508,984
---------
---------
Capital and reserves
Called up share capital
10,000
10,000
Profit and loss account
451,824
498,984
---------
---------
Shareholders funds
461,824
508,984
---------
---------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 29th February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
ASTON TAYLOR PROPERTIES LIMITED
STATEMENT OF FINANCIAL POSITION (continued)
29 February 2024
These financial statements were approved by the board of directors and authorised for issue on 31 October 2024 , and are signed on behalf of the board by:
P. D. Aston
J. M. Aston
Director
Director
Company registration number: 03227288
ASTON TAYLOR PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
YEAR ENDED 29th FEBRUARY 2024
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 260-268 Chapel Street, Salford, Lancashire, M3 5JZ.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows. No depreciation has been charged on freehold property in the current year as it is considered that the residual value is not less than its carrying value.
Freehold Property - No depreciation charged in the year
Office equipment
-
25% reducing balance
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Impairment of fixed assets
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).
5. Tangible assets
Land and buildings
Office equipment
Total
£
£
£
Cost
At 1st March 2023 and 29th February 2024
343,900
1,685
345,585
---------
-------
---------
Depreciation
At 1st March 2023
1,590
1,590
Charge for the year
24
24
---------
-------
---------
At 29th February 2024
1,614
1,614
---------
-------
---------
Carrying amount
At 29th February 2024
343,900
71
343,971
---------
-------
---------
At 28th February 2023
343,900
95
343,995
---------
-------
---------
6. Investments
Shares in group undertakings
£
Cost
At 1st March 2023 and 29th February 2024
10,000
--------
Impairment
At 1st March 2023 and 29th February 2024
--------
Carrying amount
At 29th February 2024
10,000
--------
At 28th February 2023
10,000
--------
7. Debtors
2024
2023
£
£
Trade debtors
28,290
27,759
Other debtors
495
--------
--------
28,290
28,254
--------
--------
8. Creditors: amounts falling due within one year
2024
2023
£
£
Social security and other taxes
3,324
3,148
Other creditors
49,671
35,417
--------
--------
52,995
38,565
--------
--------
9. Related party transactions
The company was under the control of P. D. Aston throughout the current and previous year. P. D. Aston is the managing director and majority shareholder. At 29 February 2024 the company owed £45,118 (2023: £30,864) to its directors. No interest has been charged to the company in respect of the loan which is repayable on demand and is classified under creditors falling due within one year.