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REGISTERED NUMBER: 13163977 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

AWR & Son Ltd

AWR & Son Ltd (Registered number: 13163977)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AWR & Son Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTORS: A W Radford
J A J Muddiman
G P Allmand





SECRETARY: A W Radford





REGISTERED OFFICE: First Floor Offices
Unit 17 Colwick Business Park
Private Road No.2, Colwick
Nottingham
Nottinghamshire
NG4 2JR





REGISTERED NUMBER: 13163977 (England and Wales)





ACCOUNTANTS: D. K. Rumsby & Co Limited
3 Colwick Quays
Colwick
Nottingham
Nottinghamshire
NG4 2JY

AWR & Son Ltd (Registered number: 13163977)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £   
FIXED ASSETS
Investment property 4 2,765,373 2,678,584

CURRENT ASSETS
Debtors 5 22,194 14,304
Cash at bank 8,465 14,997
30,659 29,301
CREDITORS
Amounts falling due within one year 6 (1,662,340 ) (1,743,290 )
NET CURRENT LIABILITIES (1,631,681 ) (1,713,989 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,133,692

964,595

CREDITORS
Amounts falling due after more than one
year

7

(1,191,977

)

(1,000,638

)
NET LIABILITIES (58,285 ) (36,043 )

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings (58,385 ) (36,143 )
SHAREHOLDERS' FUNDS (58,285 ) (36,043 )

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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.

AWR & Son Ltd (Registered number: 13163977)

Balance Sheet - continued
30 June 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 Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 January 2025 and were signed on its behalf by:





A W Radford - Director


AWR & Son Ltd (Registered number: 13163977)

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

1. STATUTORY INFORMATION

AWR & Son Ltd 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.

The company has net liabilities at 30 June 2024 of £58,285 (2023 - £36,043) and is, therefore, reliant on the continued support of its principal creditors. The directors are confident that this support will not be withdrawn and as a result the going concern basis of accounting has been adopted.

These accounts do not include any changes that would be required if the going concern basis was not considered to be appropriate.

Turnover
Turnover represents income derived from the company's investment properties.

Investment property
Investment properties are measured at fair value at each reporting date with changes in fair value recognised through total comprehensive income.

The fair value is ascertained by consideration of market evidence for similar properties in the same location and condition.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 3 (2023 - 3 ) .

AWR & Son Ltd (Registered number: 13163977)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 2,678,584
Additions 86,789
At 30 June 2024 2,765,373
NET BOOK VALUE
At 30 June 2024 2,765,373
At 30 June 2023 2,678,584

The investment properties were valued on a fair value basis on 30 June 2024 by the directors.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade debtors 966 745
Other debtors 21,228 13,559
22,194 14,304

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Trade creditors 3,937 7,067
Other creditors 1,658,403 1,736,223
1,662,340 1,743,290

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.6.24 30.6.23
£    £   
Bank loans 1,191,977 1,000,638

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans - after 5 years 1,191,977 1,000,638

AWR & Son Ltd (Registered number: 13163977)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 1,191,977 1,000,638

The bank borrowing is secured by a mortgage deed and a debenture including fixed and floating charges over all of the company's assets.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100