IRIS Accounts Production v24.3.2.46 01594348 Board of Directors 1.4.23 31.3.24 31.3.24 0 0 false true false false true false Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh015943482023-03-31015943482024-03-31015943482023-04-012024-03-31015943482022-03-31015943482022-04-012023-03-31015943482023-03-3101594348ns15:EnglandWales2023-04-012024-03-3101594348ns14:PoundSterling2023-04-012024-03-3101594348ns10:Director12023-04-012024-03-3101594348ns10:PrivateLimitedCompanyLtd2023-04-012024-03-3101594348ns10:SmallEntities2023-04-012024-03-3101594348ns10:AuditExempt-NoAccountantsReport2023-04-012024-03-3101594348ns10:SmallCompaniesRegimeForDirectorsReport2023-04-012024-03-3101594348ns10:SmallCompaniesRegimeForAccounts2023-04-012024-03-3101594348ns10:FullAccounts2023-04-012024-03-3101594348ns10:OrdinaryShareClass12023-04-012024-03-3101594348ns10:Director22023-04-012024-03-3101594348ns10:Director32023-04-012024-03-3101594348ns10:Director42023-04-012024-03-3101594348ns10:CompanySecretary12023-04-012024-03-3101594348ns10:RegisteredOffice2023-04-012024-03-3101594348ns5:CurrentFinancialInstruments2024-03-3101594348ns5:CurrentFinancialInstruments2023-03-3101594348ns5:Non-currentFinancialInstruments2024-03-3101594348ns5:Non-currentFinancialInstruments2023-03-3101594348ns5:ShareCapital2024-03-3101594348ns5:ShareCapital2023-03-3101594348ns5:CapitalRedemptionReserve2024-03-3101594348ns5:CapitalRedemptionReserve2023-03-3101594348ns5:RetainedEarningsAccumulatedLosses2024-03-3101594348ns5:RetainedEarningsAccumulatedLosses2023-03-3101594348ns5:LandBuildings2023-03-3101594348ns5:PlantMachinery2023-03-3101594348ns5:FurnitureFittings2023-03-3101594348ns5:ComputerEquipment2023-03-3101594348ns5:LandBuildings2023-04-012024-03-3101594348ns5:PlantMachinery2023-04-012024-03-3101594348ns5:FurnitureFittings2023-04-012024-03-3101594348ns5:ComputerEquipment2023-04-012024-03-3101594348ns5:LandBuildings2024-03-3101594348ns5:PlantMachinery2024-03-3101594348ns5:FurnitureFittings2024-03-3101594348ns5:ComputerEquipment2024-03-3101594348ns5:LandBuildings2023-03-3101594348ns5:PlantMachinery2023-03-3101594348ns5:FurnitureFittings2023-03-3101594348ns5:ComputerEquipment2023-03-3101594348ns5:CostValuation2023-03-3101594348ns5:RevaluationsIncreaseDecreaseInInvestments2024-03-3101594348ns5:CostValuation2024-03-3101594348ns5:WithinOneYearns5:CurrentFinancialInstruments2024-03-3101594348ns5:WithinOneYearns5:CurrentFinancialInstruments2023-03-3101594348ns5:Non-currentFinancialInstruments2023-04-012024-03-3101594348ns5:DeferredTaxation2023-03-3101594348ns5:DeferredTaxation2024-03-3101594348ns10:OrdinaryShareClass12024-03-31
REGISTERED NUMBER: 01594348 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2024

FOR

AWARDPROP LIMITED

AWARDPROP LIMITED (REGISTERED NUMBER: 01594348)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AWARDPROP LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr I Gluck
Mr C Gluck
Mr J Feldman
Ms S Friedman





SECRETARY: Mr I Gluck





REGISTERED OFFICE: 105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ





REGISTERED NUMBER: 01594348 (England and Wales)





ACCOUNTANTS: DAS Accounting Services Ltd
105 Eade Road
OCC Building A
2nd Floor Unit 11D
London
N4 1TJ

AWARDPROP LIMITED (REGISTERED NUMBER: 01594348)

BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 5 16,507,853 16,508,805
Investments 6 441 377
16,508,294 16,509,182

CURRENT ASSETS
Debtors 7 1,097,181 892,867
Cash at bank 157,016 268,317
1,254,197 1,161,184
CREDITORS
Amounts falling due within one year 8 (119,921 ) (120,969 )
NET CURRENT ASSETS 1,134,276 1,040,215
TOTAL ASSETS LESS CURRENT
LIABILITIES

17,642,570

17,549,397

CREDITORS
Amounts falling due after more than one year 9 (576,971 ) (598,698 )

PROVISIONS FOR LIABILITIES 10 (3,740,000 ) (3,740,000 )
NET ASSETS 13,325,599 13,210,699

CAPITAL AND RESERVES
Called up share capital 11 100 100
Capital redemption reserve 20,346 20,346
Retained earnings 13,305,153 13,190,253
SHAREHOLDERS' FUNDS 13,325,599 13,210,699

AWARDPROP LIMITED (REGISTERED NUMBER: 01594348)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 December 2024 and were signed on its behalf by:





Mr I Gluck - Director


AWARDPROP LIMITED (REGISTERED NUMBER: 01594348)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1. STATUTORY INFORMATION

Awardprop 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Critical accounting judgements and key sources of estimation uncertainty
Judgements made by the directors, in the application of these accounting policies that have significant effect on the financial statements and estimates with a significant risk of material adjustment in the next year are discussed below:

The company's investment properties are valued by the directors. The valuation of the company's properties is inherently subjective, depending on many factors, including the individual nature of the property, its location and expected future net rental value, market yield and comparable market transactions. Therefore the valuation is subject to a degree of uncertainty and is made on the basis of assumptions which may not prove to be accurate, particularly in periods of difficult market or economic conditions.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.

Taxation
Tax is recognised in the Profit and Loss Account, 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.


AWARDPROP LIMITED (REGISTERED NUMBER: 01594348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

3. ACCOUNTING POLICIES - continued
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.

Fixed assets
Fixed assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses.

Depreciation
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life

Office equipment - 25% reducing balance
Fixtures and fittings - 25% reducing balance
Computer equipment - 25% reducing balance

Investments
Investments in quoted companies are measured at fair value with changes in fair value being recognised in profit or loss.

Gift aid payments to parent charities
The company pays its taxable profits for the reporting period to its parent charities under the gift aid scheme. These gift aid payments are recognised as distributions to owners in equity within retained earnings. Gift aid payments are recognised in the reporting period that the payments are made. The final gift aid payment is planned to be made within 9 months of the end of the reporting date.

4. EMPLOYEES AND DIRECTORS

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

AWARDPROP LIMITED (REGISTERED NUMBER: 01594348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

5. TANGIBLE FIXED ASSETS
Fixtures
Investment Office and Computer
property equipment fittings equipment Totals
£    £    £    £    £   
COST
At 1 April 2023
and 31 March 2024 16,505,000 497 98,905 13,141 16,617,543
DEPRECIATION
At 1 April 2023 - 287 97,251 11,200 108,738
Charge for year - 53 414 485 952
At 31 March 2024 - 340 97,665 11,685 109,690
NET BOOK VALUE
At 31 March 2024 16,505,000 157 1,240 1,456 16,507,853
At 31 March 2023 16,505,000 210 1,654 1,941 16,508,805


6. FIXED ASSET INVESTMENTS
Other
investments
£   
COST OR VALUATION
At 1 April 2023 377
Revaluations 64
At 31 March 2024 441
NET BOOK VALUE
At 31 March 2024 441
At 31 March 2023 377

The investments are listed on a recognised stock exchange and valued with reference to published prices.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 1,097,181 892,867

Other debtors include amounts of £930,343 (2023: £769,177) due from companies which have directors in common with the company.

AWARDPROP LIMITED (REGISTERED NUMBER: 01594348)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 21,612 16,800
Other creditors 98,309 104,169
119,921 120,969

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 576,971 598,698

The bank loan is secured by legal charges over the assets of the company and is repayable in 2026.

10. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 3,740,000 3,740,000

Deferred
tax
£   
Balance at 1 April 2023 3,740,000
Balance at 31 March 2024 3,740,000

The provision for deferred tax is in relation to timing differences in respect of the revaluation of investment properties.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary 1 100 100

12. RELATED PARTY DISCLOSURES

Other than the amounts disclosed elsewhere in the financial statements, no transactions with related parties were undertaken such as are required to be disclosed under FRS 102.