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REGISTERED NUMBER: 13226453 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

A&A property (Kent) Limited

A&A property (Kent) Limited (Registered number: 13226453)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A&A property (Kent) Limited

Company Information
for the Year Ended 30 April 2024







DIRECTORS: Ms Karen Ioannou
Miss Andrea Ioannou





REGISTERED OFFICE: 1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS





REGISTERED NUMBER: 13226453 (England and Wales)





ACCOUNTANTS: Franklins
1 Pinnacle Way
Pride Park
Derby
Derbyshire
DE24 8ZS

A&A property (Kent) Limited (Registered number: 13226453)

Balance Sheet
30 April 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 805,000 785,000

CURRENT ASSETS
Debtors 5 122,727 196
Cash at bank 25,745 16,387
148,472 16,583
CREDITORS
Amounts falling due within one year 6 205,746 210,032
NET CURRENT LIABILITIES (57,274 ) (193,449 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

747,726

591,551

CREDITORS
Amounts falling due after more than one
year

7

(544,798

)

(536,958

)

PROVISIONS FOR LIABILITIES (15,885 ) (10,885 )
NET ASSETS 187,043 43,708

CAPITAL AND RESERVES
Called up share capital 100 100
Non-distributable reserves 8 47,654 32,654
Retained earnings 139,289 10,954
187,043 43,708

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

A&A property (Kent) Limited (Registered number: 13226453)

Balance Sheet - continued
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 Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 27 January 2025 and were signed on its behalf by:




Ms Karen Ioannou - Director



Miss Andrea Ioannou - Director


A&A property (Kent) Limited (Registered number: 13226453)

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

1. STATUTORY INFORMATION

A&A property (Kent) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 historical cost convention as modified by the revaluation of certain assets.

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.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 785,000
Revaluations 20,000
At 30 April 2024 805,000
NET BOOK VALUE
At 30 April 2024 805,000
At 30 April 2023 785,000

A&A property (Kent) Limited (Registered number: 13226453)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2024 805,000

If investment properties had not been revalued they would have been included at the following historical cost:

2024 2023
£    £   
Cost 741,461 741,461

Investment properties were valued on an open market basis on 30 April 2024 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Directors' current accounts 122,524 -
Prepayments and accrued income 203 196
122,727 196

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 129 129
Trade creditors 198 96
Tax 782 2,007
Other creditors 203,075 103,075
Directors' current accounts 368 103,291
Accruals and deferred income 1,194 1,434
205,746 210,032

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans >1 year 544,798 536,958

8. RESERVES
Non-distributable
reserves
£   
At 1 May 2023 32,654
Revaluation 20,000
Deferred tax (5,000 )

At 30 April 2024 47,654

A&A property (Kent) Limited (Registered number: 13226453)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
Miss Andrea Ioannou
Balance outstanding at start of year - -
Amounts advanced 147,317 -
Amounts repaid (24,793 ) -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 122,524 -

The director's loan account was repaid within nine months of the year end on 27/01/2025. Interest was charged on the overdrawn director's loan account at HM Revenue & Customs official rate of interest during the year being 2.25% per annum.

10. RELATED PARTY DISCLOSURES

At the year end, a balance was due to a company under the control of a director with significant influence in A&A Property (Kent) Limited and amounted to £203,075 (2023: £103,075) During the year an intercompany balance of £150,000 (2023: £Nil) that was owed by A&A Property (Kent) Limited was written off.