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Company Registration No. 11800830 (England and Wales)
AGC Properties Limited Unaudited accounts for the year ended 29 February 2024
AGC Properties Limited Unaudited accounts Contents
Page
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AGC Properties Limited Company Information for the year ended 29 February 2024
Directors
Geoffrey John Bird Callum Alexander Stephen Bird
Company Number
11800830 (England and Wales)
Registered Office
Coach House Turncroft Road Darwen BB3 2BW United Kingdom
Accountants
Xeinadin Group Regent House Folds Road Bolton BL1 2RZ
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AGC Properties Limited Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
53,222 
60,784 
Investment property
160,514 
160,514 
213,736 
221,298 
Current assets
Debtors
209,785 
- 
Cash at bank and in hand
1,305 
1,031 
211,090 
1,031 
Creditors: amounts falling due within one year
(121,731)
(111,031)
Net current assets/(liabilities)
89,359 
(110,000)
Total assets less current liabilities
303,095 
111,298 
Creditors: amounts falling due after more than one year
(226,585)
(31,858)
Net assets
76,510 
79,440 
Capital and reserves
Called up share capital
150 
150 
Profit and loss account
76,360 
79,290 
Shareholders' funds
76,510 
79,440 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
The members have agreed to the preparation of abridged accounts for the year in accordance with Section 444(2A).
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 16 November 2024 and were signed on its behalf by
Geoffrey John Bird Director Company Registration No. 11800830
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AGC Properties Limited Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
AGC Properties Limited is a private company, limited by shares, registered in England and Wales, registration number 11800830. The registered office is Coach House, Turncroft Road, Darwen, BB3 2BW, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
15% reducing balance
4
Tangible fixed assets
Total 
£ 
Cost or valuation
At 1 March 2023
88,628 
Additions
1,830 
At 29 February 2024
90,458 
Depreciation
At 1 March 2023
27,844 
Charge for the year
9,392 
At 29 February 2024
37,236 
Net book value
At 29 February 2024
53,222 
At 28 February 2023
60,784 
5
Share capital
2024 
2023 
£ 
£ 
Allotted, called up and fully paid:
150 Ordinary shares of £1 each
150 
150 
6
Average number of employees
During the year the average number of employees was 2 (2023: 3).
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