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REGISTERED NUMBER: 10771065 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

A&S B Properties Limited

A&S B Properties Limited (Registered number: 10771065)






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


A&S B Properties Limited

Company Information
for the Year Ended 31 May 2024







DIRECTORS: Mrs A Bajar
Mrs S Bajar





REGISTERED OFFICE: The Old Vicarage
61 Cranford Way
Southampton
SO17 1RN





REGISTERED NUMBER: 10771065 (England and Wales)





ACCOUNTANTS: Thomas Croft Limited
Accountants And Taxation Consultants
Solent House
107a Alma Road
Portswood
Southampton
Hampshire
SO14 6UY

A&S B Properties Limited (Registered number: 10771065)

Balance Sheet
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,575,000 1,575,000

CURRENT ASSETS
Debtors 5 6,365 16,146
Cash at bank 24,811 20,916
31,176 37,062
CREDITORS
Amounts falling due within one year 6 455,418 481,994
NET CURRENT LIABILITIES (424,242 ) (444,932 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,150,758

1,130,068

CREDITORS
Amounts falling due after more than one
year

7

(598,500

)

(608,500

)

PROVISIONS FOR LIABILITIES (75,750 ) (75,750 )
NET ASSETS 476,508 445,818

A&S B Properties Limited (Registered number: 10771065)

Balance Sheet - continued
31 May 2024

31.5.24 31.5.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 8 100 100
Non Distributable Reserve 9 379,833 379,833
Retained earnings 9 96,575 65,885
SHAREHOLDERS' FUNDS 476,508 445,818

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.

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 25 February 2025 and were signed on its behalf by:




Mrs A Bajar - Director



Mrs S Bajar - Director


A&S B Properties Limited (Registered number: 10771065)

Notes to the Financial Statements
for the Year Ended 31 May 2024

1. STATUTORY INFORMATION

A&S B 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 1,575,000
NET BOOK VALUE
At 31 May 2024 1,575,000
At 31 May 2023 1,575,000

A&S B Properties Limited (Registered number: 10771065)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2024 is represented by:
£   
Valuation in 2023 1,575,000

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

31.5.24 31.5.23
£    £   
Cost 1,119,418 1,119,418

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Other debtors 6,365 16,146

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.5.24 31.5.23
£    £   
Corporation tax 7,533 8,063
Other creditors 9,988 5,250
Directors' current accounts 436,554 467,410
Accrued expenses 1,343 1,271
455,418 481,994

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.5.24 31.5.23
£    £   
Bank loans - 2-5 years 598,500 608,500

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.5.24 31.5.23
value: £    £   
100 Ordinary £1 100 100

A&S B Properties Limited (Registered number: 10771065)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024

9. RESERVES
Non
Retained Distributable
earnings Reserve Totals
£    £    £   

At 1 June 2023 65,886 379,833 445,719
Profit for the year 31,689 31,689
Dividends (1,000 ) (1,000 )
At 31 May 2024 96,575 379,833 476,408

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 31 May 2024 and 31 May 2023:

31.5.24 31.5.23
£    £   
Mrs A Bajar
Balance outstanding at start of year (216,305 ) (230,253 )
Amounts advanced 23,032 14,948
Amounts repaid (825 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (194,098 ) (216,305 )

Mrs S Bajar
Balance outstanding at start of year (251,106 ) (254,193 )
Amounts advanced 9,273 4,087
Amounts repaid (625 ) (1,000 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (242,458 ) (251,106 )