Silverfin false false 29/03/2024 30/03/2023 29/03/2024 Mr J R C Arkwright 20/04/2021 Mrs T A Clarke 27/02/2001 Mrs A R Eyston 27/02/2001 Miss G A Winfrey 11/10/2016 Miss H E Winfrey 11/10/2016 Mr T F A Winfrey 15/09/2016 26 November 2024 The principal activity of the Company during the financial year was that of collection of rents, supervision of its properties and maintenance of investments. 00832468 2024-03-29 00832468 bus:Director1 2024-03-29 00832468 bus:Director2 2024-03-29 00832468 bus:Director3 2024-03-29 00832468 bus:Director4 2024-03-29 00832468 bus:Director5 2024-03-29 00832468 bus:Director6 2024-03-29 00832468 2023-03-29 00832468 core:CurrentFinancialInstruments 2024-03-29 00832468 core:CurrentFinancialInstruments 2023-03-29 00832468 core:ShareCapital 2024-03-29 00832468 core:ShareCapital 2023-03-29 00832468 core:CapitalRedemptionReserve 2024-03-29 00832468 core:CapitalRedemptionReserve 2023-03-29 00832468 core:RetainedEarningsAccumulatedLosses 2024-03-29 00832468 core:RetainedEarningsAccumulatedLosses 2023-03-29 00832468 core:CurrentFinancialInstruments 1 2024-03-29 00832468 core:CurrentFinancialInstruments 1 2023-03-29 00832468 bus:OrdinaryShareClass1 2024-03-29 00832468 2023-03-30 2024-03-29 00832468 bus:FilletedAccounts 2023-03-30 2024-03-29 00832468 bus:SmallEntities 2023-03-30 2024-03-29 00832468 bus:AuditExemptWithAccountantsReport 2023-03-30 2024-03-29 00832468 bus:PrivateLimitedCompanyLtd 2023-03-30 2024-03-29 00832468 bus:Director1 2023-03-30 2024-03-29 00832468 bus:Director2 2023-03-30 2024-03-29 00832468 bus:Director3 2023-03-30 2024-03-29 00832468 bus:Director4 2023-03-30 2024-03-29 00832468 bus:Director5 2023-03-30 2024-03-29 00832468 bus:Director6 2023-03-30 2024-03-29 00832468 2022-03-30 2023-03-29 00832468 bus:OrdinaryShareClass1 2023-03-30 2024-03-29 00832468 bus:OrdinaryShareClass1 2022-03-30 2023-03-29 iso4217:GBP xbrli:pure xbrli:shares

Company No: 00832468 (England and Wales)

ABERFORD PROPERTIES LIMITED

Unaudited Financial Statements
For the financial year ended 29 March 2024
Pages for filing with the registrar

ABERFORD PROPERTIES LIMITED

Unaudited Financial Statements

For the financial year ended 29 March 2024

Contents

ABERFORD PROPERTIES LIMITED

BALANCE SHEET

As at 29 March 2024
ABERFORD PROPERTIES LIMITED

BALANCE SHEET (continued)

As at 29 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 515,000 515,000
515,000 515,000
Current assets
Debtors 4 19,832 6,413
Cash at bank and in hand 38,873 33,203
58,705 39,616
Creditors: amounts falling due within one year 5 ( 29,058) ( 23,993)
Net current assets 29,647 15,623
Total assets less current liabilities 544,647 530,623
Net assets 544,647 530,623
Capital and reserves
Called-up share capital 6 8,000 8,000
Capital redemption reserve 2,000 2,000
Profit and loss account 7 534,647 520,623
Total shareholders' funds 544,647 530,623

For the financial year ending 29 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Aberford Properties Limited (registered number: 00832468) were approved and authorised for issue by the Board of Directors on 26 November 2024. They were signed on its behalf by:

Mr T F A Winfrey
Director
ABERFORD PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 March 2024
ABERFORD PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 29 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aberford Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The View, Diptford, Totnes, Devon, United Kingdom, TQ9 7LX.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. There are no material departures from FRS 102.

The financial statements are presented in pounds sterling which is the functional currency of the company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of the consideration received or receivable on the rental of properties and in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Leasing incentives

The company may provide incentives to enter into new lease agreements. These incentives may take the form of an initial rent free or reduced rent period. In accordance with the accounting treatment for lease incentives, the rent free or reduced rent period is allocated on a straight line basis over the full lease term or where a lease commenced prior to the date of transition to Section 1A of FRS 102, up to the rent review date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. No depreciation is provided in respect of the investments properties applying the fair value model. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Financial assets are derecognised when and only when the contractual rights to the cash flows from the financial asset expire or are settled, or the Company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the Company, despite having retained some, but not all, significant risks and rewards of ownership, has transferred control of the asset to another party.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

Financial liabilities are derecognised when the company’s contractual obligations expire or are discharged or cancelled.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 5 5

3. Investment property

Investment property
£
Valuation
As at 30 March 2023 515,000
As at 29 March 2024 515,000

Valuation

A full market valuation of investment property was completed at 29 March 2020. There has been no valuation of investment property by an independent valuer during the current year. The Directors have concluded that the values should remain the same as the year in which the independent valuation was carried out.

Historic cost

If the investment properties had been accounted for under cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 813,370 813,370

4. Debtors

2024 2023
£ £
Trade debtors 17,895 6,413
Prepayments 937 0
Other debtors 1,000 0
19,832 6,413

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 324 0
Amounts owed to connected companies 18 18
Accruals and deferred income 17,000 16,434
Corporation tax 6,300 6,200
Other taxation and social security 5,416 1,341
29,058 23,993

6. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
8,000 Ordinary shares of £ 1.00 each 8,000 8,000

7. Reserves

Non Distributable Reserves

2024 2023
£ £
Unrealised loss (298,370) (298,370)