Company registration number: 11965031
Unaudited financial statements
for the year ended 30 April 2024
for
Argentum Properties Ltd
Pages for filing with the Registrar
Company registration number: 11965031
Argentum Properties Ltd
Balance sheet
as at 30 April 2024
2024 2023
Note £ £ £ £
Fixed assets
Tangible assets 4 2,400,000 2,400,000
2,400,000 2,400,000
Current assets
Debtors 393,574 393,239
Cash at bank and in hand 18,983 5,490
412,557 398,729
Creditors: amounts falling due within
one year
(648,000) (646,000)
Net current liabilities (235,443) (247,271)
Total assets less current liabilities 2,164,557 2,152,729
Creditors: Amounts falling due after
more than one year
(1,319,000) (1,319,000)
NET ASSETS 845,557 833,729
Capital and reserves
Called up share capital 3 3
Revaluation reserve 849,522 854,522
Profit and loss account (3,968) (20,796)
TOTAL EQUITY 845,557 833,729
The company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies for the year ended 30 April 2024.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges their responsibilities to comply with the Companies Act 2006 in respect to accounting records and the preparation of financial statements.
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Company registration number: 11965031
Argentum Properties Ltd
Balance sheet - continued
as at 30 April 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 Profit and loss account has not been delivered to the Registrar.
Signed by:
Mr K Gannon, Director
7 January 2025
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Argentum Properties Ltd
Notes to the financial statements
for the year ended 30 April 2024
1 Company information
Argentum Properties Ltd is a private company registered in England and Wales. Its registered number is 11965031. The company is limited by shares. Its registered office is 110 Mere Grange, Leaside, St Helens, WA9 5GG.
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 historic cost convention.
Going concern
In preparing these financial statements, the director has assessed whether there are any material uncertainties related to events or conditions that cast significant doubt upon the company's ability to continue as a going concern. In making this assessment, the director takes into account all available information about the future which is at least 12 months from the date that the financial statements are authorised for issue.
The director considers that the company has adequate resources to continue in business for the foreseeable future and that it is appropriate to adopt the going concern basis in preparing the financial statements.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, Value Added Tax and other sales taxes.
Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Land and buildings:
Freehold property - 0% reducing balance
3 Average number of employees
During the year the average number of employees was 2 (2023 - 2).
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Argentum Properties Ltd
Notes to the financial statements - continued
for the year ended 30 April 2024
4 Tangible fixed assets
Land and
buildings
£
Cost
At 1 May 2023 2,400,000
At 30 April 2024 2,400,000
Depreciation
At 30 April 2024 -
Net book value
At 30 April 2024 2,400,000
At 30 April 2023 2,400,000
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Argentum Properties Ltd
Exception report
for the year ended 30 April 2024
The following differences exist between the previous year's closing balances per the accounts and the
current year's opening balances per the Trial Balance:
Reserves
Opening balance at
1 May 2023 per TB
Balance at 30 April
2023 per accounts
Difference
£ £ £
Revaluation reserve (Account 970) 849,522 854,522 (5,000)
Profit and loss account (Account 968) (20,796) (20,796) -
828,726 (20,796) 849,522
This page does not form part of the statutory financial statements.
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