Registered number
05096337
Aeon Property Limited
Filleted Accounts
30 April 2024
Aeon Property Limited
Registered number: 05096337
Balance Sheet
as at 30 April 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,215,000 1,300,000
Current assets
Cash at bank and in hand 8,353 17,345
Creditors: amounts falling due within one year 4 (19,356) (20,010)
Net current liabilities (11,003) (2,665)
Total assets less current liabilities 1,203,997 1,297,335
Creditors: amounts falling due after more than one year 5 (1,253,462) (1,265,552)
Net (liabilities)/assets (49,465) 31,783
Capital and reserves
Called up share capital 100 100
Profit and loss account (49,565) 31,683
Shareholder's funds (49,465) 31,783
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges her responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
S Jay
Director
Approved by the board on 28 January 2025
Aeon Property Limited
Notes to the Accounts
for the year ended 30 April 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. 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.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
Creditors
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.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 May 2023 1,300,000
At 30 April 2024 1,300,000
Depreciation
Surplus on revaluation 85,000
At 30 April 2024 85,000
Net book value
At 30 April 2024 1,215,000
At 30 April 2023 1,300,000
4 Creditors: amounts falling due within one year 2024 2023
£ £
Accruals 16,184 16,184
Bank loans and overdrafts 2,000 2,000
Taxation and social security costs 73 5
Other creditors 1,099 1,821
19,356 20,010
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 389,987 391,987
Other creditors 863,475 873,565
1,253,462 1,265,552
6 Other information
Aeon Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
Harlow Enterprise Hub
Kao Hockham Building
Edinburgh Way
Harlow, Essex
CM20 2NQ
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