AHE Properties Co. Limited 05862731 false 2023-05-01 2024-04-30 2024-04-30 The principal activity of the company is the rental of commercial premises. Digita Accounts Production Advanced 6.30.9574.0 true false true 05862731 2023-05-01 2024-04-30 05862731 2024-04-30 05862731 core:RetainedEarningsAccumulatedLosses 2024-04-30 05862731 core:ShareCapital 2024-04-30 05862731 core:CurrentFinancialInstruments 2024-04-30 05862731 core:CurrentFinancialInstruments core:WithinOneYear 2024-04-30 05862731 core:CostValuation 2024-04-30 05862731 core:LandBuildings 2024-04-30 05862731 core:OtherPropertyPlantEquipment 2024-04-30 05862731 bus:SmallEntities 2023-05-01 2024-04-30 05862731 bus:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 05862731 bus:FilletedAccounts 2023-05-01 2024-04-30 05862731 bus:SmallCompaniesRegimeForAccounts 2023-05-01 2024-04-30 05862731 bus:RegisteredOffice 2023-05-01 2024-04-30 05862731 bus:CompanySecretary1 2023-05-01 2024-04-30 05862731 bus:Director1 2023-05-01 2024-04-30 05862731 bus:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 05862731 core:LandBuildings 2023-05-01 2024-04-30 05862731 core:OtherPropertyPlantEquipment 2023-05-01 2024-04-30 05862731 core:PlantMachinery 2023-05-01 2024-04-30 05862731 countries:AllCountries 2023-05-01 2024-04-30 05862731 2023-04-30 05862731 core:CostValuation 2023-04-30 05862731 core:LandBuildings 2023-04-30 05862731 core:OtherPropertyPlantEquipment 2023-04-30 05862731 2022-05-01 2023-04-30 05862731 2023-04-30 05862731 core:RetainedEarningsAccumulatedLosses 2023-04-30 05862731 core:ShareCapital 2023-04-30 05862731 core:CurrentFinancialInstruments 2023-04-30 05862731 core:CurrentFinancialInstruments core:WithinOneYear 2023-04-30 05862731 core:LandBuildings 2023-04-30 05862731 core:OtherPropertyPlantEquipment 2023-04-30 iso4217:GBP xbrli:pure

Registration number: 05862731

AHE Properties Co. Limited

Unaudited Filleted Financial Statements

for the Year Ended 30 April 2024

 

AHE Properties Co. Limited
(Registration number: 05862731)

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 7

 

AHE Properties Co. Limited
(Registration number: 05862731)

Company Information

Director

T Townsend

Company secretary

M Townsend

Registered office

8 Pankhurst Close
Exmouth
Devon
EX8 2RN

Accountants

Thompson Jenner LLP
Chartered Accountants
28 Alexandra Terrace
Exmouth
Devon
EX8 1BD

 

AHE Properties Co. Limited
(Registration number: 05862731)

Balance Sheet as at 30 April 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

256,606

259,393

Investments

5

1,000

1,000

 

257,606

260,393

Current assets

 

Debtors

6

11,830

17,029

Cash at bank and in hand

 

8,384

10,262

 

20,214

27,291

Creditors: Amounts falling due within one year

7

(157,976)

(149,195)

Net current liabilities

 

(137,762)

(121,904)

Net assets

 

119,844

138,489

Capital and reserves

 

Called up share capital

2,000

2,000

Retained earnings

117,844

136,489

Shareholders' funds

 

119,844

138,489

For the financial year ending 30 April 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 15 January 2025
 

.........................................
T Townsend
Director

 

AHE Properties Co. Limited
(Registration number: 05862731)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

1

General information

The company is a private company limited by share capital, incorporated in England & Wales.

The address of its registered office is:
8 Pankhurst Close
Exmouth
Devon
EX8 2RN

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

AHE Properties Co. Limited
(Registration number: 05862731)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Land and Buildings

Nil (residual value deemed equal to cost)

Plant and Machinery

20% Straight Line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

 

AHE Properties Co. Limited
(Registration number: 05862731)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

AHE Properties Co. Limited
(Registration number: 05862731)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

4

Tangible assets

Land and buildings
£

Other tangible assets
£

Total
£

Cost or valuation

At 1 May 2023

248,477

23,730

272,207

At 30 April 2024

248,477

23,730

272,207

Depreciation

At 1 May 2023

-

12,814

12,814

Charge for the year

-

2,787

2,787

At 30 April 2024

-

15,601

15,601

Carrying amount

At 30 April 2024

248,477

8,129

256,606

At 30 April 2023

248,477

10,916

259,393

Included within the net book value of land and buildings above is £248,477 (2023 - £248,477) in respect of freehold land and buildings.
 

5

Investments

2024
£

2023
£

Investments in subsidiaries

1,000

1,000

Subsidiaries

£

Cost or valuation

At 1 May 2023

1,000

At 30 April 2024

1,000

Carrying amount

At 30 April 2024

1,000

At 30 April 2023

1,000

 

AHE Properties Co. Limited
(Registration number: 05862731)

Notes to the Unaudited Financial Statements for the Year Ended 30 April 2024

6

Debtors

Note

2024
£

2023
£

Amounts owed by group undertakings and undertakings in which the company has a participating interest

10,870

16,150

Prepayments and accrued income

 

960

879

Total current trade and other debtors

 

11,830

17,029

7

Creditors

2024
£

2023
£

Due within one year

Trade creditors

91

-

Taxation and social security

897

825

Other creditors

149,610

141,170

Accrued expenses

7,378

7,200

157,976

149,195