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REGISTERED NUMBER: 05870468 (England and Wales)













UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2024

FOR

ALL CITY PROPERTIES LIMITED

ALL CITY PROPERTIES LIMITED (REGISTERED NUMBER: 05870468)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALL CITY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2024







DIRECTORS: Mr DC Frost
Mr P Hanson





SECRETARY: Mr P Hanson





REGISTERED OFFICE: 12 High Street
Stanford-Le-Hope
SS17 0EY





REGISTERED NUMBER: 05870468 (England and Wales)





ACCOUNTANTS: Elliott, Mortlock, Busby & Co Limited
12 High Street
Stanford le Hope
Essex
SS17 0EY

ALL CITY PROPERTIES LIMITED (REGISTERED NUMBER: 05870468)

BALANCE SHEET
31 MAY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 1,538 2,049
Investment property 6 1,483,131 1,483,131
1,484,669 1,485,180

CURRENT ASSETS
Debtors 7 787 -
Cash at bank 1,526 4,569
2,313 4,569
CREDITORS
Amounts falling due within one year 8 192,948 185,314
NET CURRENT LIABILITIES (190,635 ) (180,745 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,294,034

1,304,435

CREDITORS
Amounts falling due after more than one year 9 (328,892 ) (380,679 )

PROVISIONS FOR LIABILITIES 11 (108,059 ) (107,674 )
NET ASSETS 857,083 816,082

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 12 503,742 503,742
Retained earnings 12 353,339 312,338
SHAREHOLDERS' FUNDS 857,083 816,082

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

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

ALL CITY PROPERTIES LIMITED (REGISTERED NUMBER: 05870468)

BALANCE SHEET - continued
31 MAY 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 18 February 2025 and were signed on its behalf by:





Mr DC Frost - Director


ALL CITY PROPERTIES LIMITED (REGISTERED NUMBER: 05870468)

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

1. STATUTORY INFORMATION

All City Properties 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Office equipment - 20% straight line basis

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 represents the sum of tax currently payable and deferred tax.

The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.

Deferred tax is recognised on all timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.

Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period.

4. EMPLOYEES AND DIRECTORS

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

ALL CITY PROPERTIES LIMITED (REGISTERED NUMBER: 05870468)

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

5. TANGIBLE FIXED ASSETS
Office
equipment
£   
COST
At 1 June 2023
and 31 May 2024 2,560
DEPRECIATION
At 1 June 2023 511
Charge for year 511
At 31 May 2024 1,022
NET BOOK VALUE
At 31 May 2024 1,538
At 31 May 2023 2,049

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,483,131
NET BOOK VALUE
At 31 May 2024 1,483,131
At 31 May 2023 1,483,131

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2014 106,309
Valuation in 2016 50,000
Valuation in 2017 430,000
Cost 896,822
1,483,131

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 893,640 893,640

Investment property was valued at 31 May 2023 by the directors and is supported by a professional valuation undertaken in January 2024.

ALL CITY PROPERTIES LIMITED (REGISTERED NUMBER: 05870468)

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

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 787 -

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans 45,231 45,231
Corporation tax 12,555 10,420
Social security and other taxes 4,259 3,881
Other creditors 130,903 125,782
192,948 185,314

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans within 1-2 years 45,231 45,231
Bank loans within 2-5 years 116,120 124,105
Bank loans more than 5 years 167,541 211,343
328,892 380,679

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more than 5 years 167,541 211,343

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 374,123 425,910

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 108,059 107,674

ALL CITY PROPERTIES LIMITED (REGISTERED NUMBER: 05870468)

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

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 June 2023 107,674
Charge to Income Statement during year 385
Balance at 31 May 2024 108,059

The provision for deferred taxation is recognized on the accumulated unrealised gains in respect of the investment property.

12. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2023 312,338 503,742 816,080
Profit for the year 41,001 41,001
At 31 May 2024 353,339 503,742 857,081

13. RELATED PARTY DISCLOSURES

Included within other creditors is a loan of £127,699 (2023: £121,113) to a company under the control of the directors.