REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2024 |
FOR |
ANDRE WEBB PROPERTY MANAGEMENT LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2024 |
FOR |
ANDRE WEBB PROPERTY MANAGEMENT LIMITED |
ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2024 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ANDRE WEBB PROPERTY MANAGEMENT LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31ST MAY 2024 |
DIRECTOR: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
11 Kings Court |
Willie Snaith Road |
Newmarket |
Suffolk |
CB8 7SG |
ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815) |
BALANCE SHEET |
31ST MAY 2024 |
31/5/24 | 31/5/23 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Revaluation reserve | 7 |
Retained earnings |
SHAREHOLDERS' FUNDS |
The director acknowledges his responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815) |
BALANCE SHEET - continued |
31ST MAY 2024 |
The financial statements were approved by the director and authorised for issue on |
ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 31ST MAY 2024 |
1. | STATUTORY INFORMATION |
Andre Webb Property Management Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover |
Revenue includes rental income and service charges from properties. |
Rental income from operating leases is recognised on a straight-line basis over the lease term. When the Group provides incentives to its tenants, the cost of incentives is recognised over the lease term, on a straight-line basis, as a reduction of rental income. |
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2023 - NIL). |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st June 2023 |
Revaluations | (9,000 | ) |
At 31st May 2024 |
NET BOOK VALUE |
At 31st May 2024 |
At 31st May 2023 |
ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MAY 2024 |
4. | INVESTMENT PROPERTY - continued |
Fair value at 31st May 2024 is represented by: |
£ |
Valuation in 2015 | 41,238 |
Valuation in 2016 | 15,000 |
Valuation in 2017 | 21,581 |
Valuation in 2018 | 14,000 |
Valuation in 2019 | 18,000 |
Valuation in 2020 | 5,000 |
Valuation in 2021 | 45,000 |
Valuation in 2022 | 73,000 |
Valuation in 2023 | (26,000 | ) |
Valuation in 2024 | (9,000 | ) |
Cost | 357,181 |
555,000 |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/24 | 31/5/23 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31/5/24 | 31/5/23 |
£ | £ |
Taxation and social security |
Other creditors |
7. | RESERVES |
Revaluation |
reserve |
£ |
At 1st June 2023 |
Revaluations in year | (9,000 | ) |
Deferred Tax on revaluation | 1,710 |
At 31st May 2024 |
ANDRE WEBB PROPERTY MANAGEMENT LIMITED (REGISTERED NUMBER: 08068815) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 31ST MAY 2024 |
8. | DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES |
The following advances and credits to a director subsisted during the years ended 31st May 2024 and 31st May 2023: |
31/5/24 | 31/5/23 |
£ | £ |
Balance outstanding at start of year | ( |
) | ( |
) |
Amounts advanced |
Amounts repaid |
Amounts written off | - | - |
Amounts waived | - | - |
Balance outstanding at end of year | ( |
) | ( |
) |
9. | ULTIMATE CONTROLLING PARTY |
The controlling party is A N Webb. |