Silverfin false false 31/05/2024 01/06/2023 31/05/2024 A H Webster 16/05/2021 M Webster 16/05/2021 17 February 2025 The principal activity of the Company during the financial period was other letting and operating of own or leased real estate. 13400275 2024-05-31 13400275 bus:Director1 2024-05-31 13400275 bus:Director2 2024-05-31 13400275 2023-05-31 13400275 core:CurrentFinancialInstruments 2024-05-31 13400275 core:CurrentFinancialInstruments 2023-05-31 13400275 core:Non-currentFinancialInstruments 2024-05-31 13400275 core:Non-currentFinancialInstruments 2023-05-31 13400275 core:ShareCapital 2024-05-31 13400275 core:ShareCapital 2023-05-31 13400275 core:RetainedEarningsAccumulatedLosses 2024-05-31 13400275 core:RetainedEarningsAccumulatedLosses 2023-05-31 13400275 bus:OrdinaryShareClass1 2024-05-31 13400275 2023-06-01 2024-05-31 13400275 bus:FilletedAccounts 2023-06-01 2024-05-31 13400275 bus:SmallEntities 2023-06-01 2024-05-31 13400275 bus:AuditExemptWithAccountantsReport 2023-06-01 2024-05-31 13400275 bus:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 13400275 bus:Director1 2023-06-01 2024-05-31 13400275 bus:Director2 2023-06-01 2024-05-31 13400275 2022-06-01 2023-05-31 13400275 core:Non-currentFinancialInstruments 2023-06-01 2024-05-31 13400275 bus:OrdinaryShareClass1 2023-06-01 2024-05-31 13400275 bus:OrdinaryShareClass1 2022-06-01 2023-05-31 iso4217:GBP xbrli:pure xbrli:shares

Company No: 13400275 (England and Wales)

AW4 LIMITED

Unaudited Financial Statements
For the financial year ended 31 May 2024
Pages for filing with the registrar

AW4 LIMITED

Unaudited Financial Statements

For the financial year ended 31 May 2024

Contents

AW4 LIMITED

BALANCE SHEET

As at 31 May 2024
AW4 LIMITED

BALANCE SHEET (continued)

As at 31 May 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 325,000 340,794
325,000 340,794
Current assets
Debtors 4 3,484 3,067
Cash at bank and in hand 14,110 12,584
17,594 15,651
Creditors: amounts falling due within one year 5 ( 121,600) ( 124,041)
Net current liabilities (104,006) (108,390)
Total assets less current liabilities 220,994 232,404
Creditors: amounts falling due after more than one year 6 ( 237,886) ( 237,871)
Net liabilities ( 16,892) ( 5,467)
Capital and reserves
Called-up share capital 7 2 2
Profit and loss account ( 16,894 ) ( 5,469 )
Total shareholders' deficit ( 16,892) ( 5,467)

For the financial year ending 31 May 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of AW4 Limited (registered number: 13400275) were approved and authorised for issue by the Board of Directors on 17 February 2025. They were signed on its behalf by:

A H Webster
Director
AW4 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
AW4 LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 May 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

AW4 Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Ground Floor, 90 Victoria Street, Bristol, BS1 6DP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors note that the business has net liabilities of £16,892. The Company is supported through loans from the directors. The directors have confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the directors will continue to support the Company. Given the current position, the directors believe that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Rental income is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

• the amount of revenue can be measured reliably;
• it is probable that the Company will receive the consideration due under the contract.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 0 0

3. Investment property

Investment property
£
Valuation
As at 01 June 2023 340,794
Fair value movement (15,794)
As at 31 May 2024 325,000

Valuation

The fair value of investment property is based on the directors best estimate having considered properties of a similar nature, condition and location.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 340,794 340,794

4. Debtors

2024 2023
£ £
Trade debtors 1,877 1,419
Other debtors 1,607 1,648
3,484 3,067

5. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 1,200 1,419
Amounts owed to directors 116,625 116,625
Accruals and deferred income 3,775 5,997
121,600 124,041

6. Creditors: amounts falling due after more than one year

2024 2023
£ £
Other creditors 237,886 237,871

Loans are secured on the assets to which they relate.

7. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
2 Ordinary share capital shares of £ 1.00 each 2 2