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Allen Property Developments Ltd

Registered Number
09652483
(England and Wales)

Unaudited Financial Statements for the Year ended
31 August 2024

Allen Property Developments Ltd
Company Information
for the year from 1 September 2023 to 31 August 2024

Directors

ALLEN, Jonathan
ALLEN, Rachel Louise

Registered Address

107 North Street
Martock
TA12 6EJ

Place of Business


Registered Number

09652483 (England and Wales)
Allen Property Developments Ltd
Balance Sheet as at
31 August 2024

Notes

2024

2023

£

£

£

£

Fixed assets
Tangible assets320,08025,099
Investments5175175
Investment property4889,150889,150
909,405914,424
Current assets
Cash at bank and on hand2,9021,193
2,9021,193
Creditors amounts falling due within one year6(281,969)(276,613)
Net current assets (liabilities)(279,067)(275,420)
Total assets less current liabilities630,338639,004
Creditors amounts falling due after one year7(222,752)(237,868)
Provisions for liabilities8(3,815)-
Net assets403,771401,136
Capital and reserves
Called up share capital22
Revaluation reserve297,227297,227
Profit and loss account106,542103,907
Shareholders' funds403,771401,136
The financial statements were approved and authorised for issue by the Board of Directors on 8 January 2025, and are signed on its behalf by:
ALLEN, Rachel Louise
Director
Registered Company No. 09652483
Allen Property Developments Ltd
Notes to the Financial Statements
for the year ended 31 August 2024

1.Accounting policies
Statutory information
The company is a private company limited by shares and registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.
Statement of compliance
The financial statements have been prepared in compliance with FRS 102 Section 1A as it applies to the financial statements for the period and there were no material departures from the reporting standard.
Revenue from sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Deferred tax
Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Tangible fixed assets and depreciation
Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided on all tangible fixed assets as follows:

Reducing balance (%)
Plant and machinery20
Fixtures and fittings20
Vehicles20
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value where the difference between cost and fair value is material. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Investment property
The investment property is accounted for under FRS 102, Section 16 Investment Property. Investment property is remeasured to fair value at each balance sheet date with fair value gains and losses being reported in profit or loss. Investment properties are valued using RICS open market valuation on a freehold basis.
2.Average number of employees

20242023
Average number of employees during the year00
3.Tangible fixed assets

Plant & machinery

Vehicles

Fixtures & fittings

Total

££££
Cost or valuation
At 01 September 233,10428,16130831,573
At 31 August 243,10428,16130831,573
Depreciation and impairment
At 01 September 234835,929626,474
Charge for year5244,446495,019
At 31 August 241,00710,37511111,493
Net book value
At 31 August 242,09717,78619720,080
At 31 August 232,62122,23224625,099
4.Investment property

£
Fair value at 01 September 23889,150
At 31 August 24889,150
5.Fixed asset investments

Investments in groups1

Total

££
Cost or valuation
At 01 September 23175175
At 31 August 24175175
Net book value
At 31 August 24175175
At 31 August 23175175

Notes

1Investments in group undertakings and participating interests
6.Creditors: amounts due within one year

2024

2023

££
Bank borrowings and overdrafts19,86417,000
Amounts owed to related parties224,593235,142
Taxation and social security36,70723,690
Accrued liabilities and deferred income805781
Total281,969276,613
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
7.Creditors: amounts due after one year

2024

2023

££
Bank borrowings and overdrafts222,752237,868
Total222,752237,868
8.Provisions for liabilities

2024

2023

££
Net deferred tax liability (asset)3,815-
Total3,815-