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REGISTERED NUMBER: SC572590 (Scotland)















Financial Statements for the Year Ended 31 August 2024

for

Agori Investments Ltd

Agori Investments Ltd (Registered number: SC572590)






Contents of the Financial Statements
for the Year Ended 31 August 2024




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Agori Investments Ltd (Registered number: SC572590)

Abridged Balance Sheet
31 August 2024

31.8.24 31.8.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 670 1
Investment property 5 3,439,534 3,439,534
3,440,204 3,439,535

CURRENT ASSETS
Debtors 497 3,190
Investments - 15,000
Cash at bank 136,987 71,400
137,484 89,590
CREDITORS
Amounts falling due within one year 96,135 63,973
NET CURRENT ASSETS 41,349 25,617
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,481,553

3,465,152

CREDITORS
Amounts falling due after more than one year (2,585,815 ) (2,615,781 )

PROVISIONS FOR LIABILITIES (183,194 ) (183,026 )
NET ASSETS 712,544 666,345

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 7 549,080 549,080
Retained earnings 163,364 117,165
712,544 666,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Agori Investments Ltd (Registered number: SC572590)

Abridged Balance Sheet - continued
31 August 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 August 2024 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 28 February 2025 and were signed by:





S. Armstrong - Director


Agori Investments Ltd (Registered number: SC572590)

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

1. STATUTORY INFORMATION

Agori Investments Ltd is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address are as below:

Registered number: SC572590

Registered office: 272 Bath Street
Glasgow
G2 4JR

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.

Significant judgements and estimates
No significant judgements have had to be made by the director in preparing these financial statements.

The director has made key assumptions in the determination of the fair value of investment properties in respect of the state of the property market in the location where the properties are situated and in respect of the range of reasonable fair value estimates of the assets.

Revenue
Revenue represents rent receivable in respect of the company's investment properties. Revenue is credited to the profit and loss account on the accruals basis.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 33% on cost

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and loans to and from related parties.

Debt instruments that are payable or receivable within one year, typically trade debtors and trade creditors, are measured, initially and subsequently, at the undiscounted amount of cash or other consideration expected to be paid or received.

Financial assets measured at cost and amortised cost are assessed at the end of each reporting period for evidence of impairment and if found, an impairment loss is recognised in profit or loss.

Financial liabilities are derecognised when the liability is extinguished, that is when the contractual obligation is discharged, cancelled or expires.

Cash and cash equivalents includes cash in hand, deposits held at call with banks,

Agori Investments Ltd (Registered number: SC572590)

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

2. ACCOUNTING POLICIES - continued

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 September 2023 900
Additions 803
At 31 August 2024 1,703
DEPRECIATION
At 1 September 2023 899
Charge for year 134
At 31 August 2024 1,033
NET BOOK VALUE
At 31 August 2024 670
At 31 August 2023 1

Agori Investments Ltd (Registered number: SC572590)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2023
and 31 August 2024 3,439,534
NET BOOK VALUE
At 31 August 2024 3,439,534
At 31 August 2023 3,439,534

The investment properties are held at fair value and the director considers this appropriate at the date of signing the financial statements.

6. LEASING AGREEMENTS

Minimum lease payments under non-cancellable operating leases fall due as follows:
31.8.24 31.8.23
£    £   
Within one year 3,070 4,604

7. RESERVES
Fair
value
reserve
£   
At 1 September 2023
and 31 August 2024 549,080

8. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

At the year end, the company owed S. Armstrong, director, £2,620,815 (2023 - £2,650,781). The loan is interest free and there are no fixed repayment terms.

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is S. Armstrong.