Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-312024-03-3122023-04-01falseThe principal activity of the company is that of property investment.2falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 01540820 2023-04-01 2024-03-31 01540820 2022-04-01 2023-03-31 01540820 2024-03-31 01540820 2023-03-31 01540820 c:Director1 2023-04-01 2024-03-31 01540820 d:FreeholdInvestmentProperty 2024-03-31 01540820 d:FreeholdInvestmentProperty 2023-03-31 01540820 d:FreeholdInvestmentProperty 2 2023-04-01 2024-03-31 01540820 d:CurrentFinancialInstruments 2024-03-31 01540820 d:CurrentFinancialInstruments 2023-03-31 01540820 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-31 01540820 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 01540820 d:ShareCapital 2024-03-31 01540820 d:ShareCapital 2023-03-31 01540820 d:CapitalRedemptionReserve 2024-03-31 01540820 d:CapitalRedemptionReserve 2023-03-31 01540820 d:RevaluationReserve 2024-03-31 01540820 d:RevaluationReserve 2023-03-31 01540820 d:RetainedEarningsAccumulatedLosses 2024-03-31 01540820 d:RetainedEarningsAccumulatedLosses 2023-03-31 01540820 c:FRS102 2023-04-01 2024-03-31 01540820 c:AuditExempt-NoAccountantsReport 2023-04-01 2024-03-31 01540820 c:FullAccounts 2023-04-01 2024-03-31 01540820 c:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 01540820 5 2023-04-01 2024-03-31 01540820 6 2023-04-01 2024-03-31 01540820 d:TaxLossesCarry-forwardsDeferredTax 2024-03-31 01540820 d:TaxLossesCarry-forwardsDeferredTax 2023-03-31 01540820 d:OtherDeferredTax 2024-03-31 01540820 d:OtherDeferredTax 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 01540820









THE ASTOR PROPERTY GROUP LIMITED







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 31 MARCH 2024

 
THE ASTOR PROPERTY GROUP LIMITED
REGISTERED NUMBER: 01540820

STATEMENT OF FINANCIAL POSITION
AS AT 31 MARCH 2024

2024
2023
Note
£
£

Fixed assets
  

Investments
 4 
-
2

Investment property
 5 
2,281,400
2,288,150

  
2,281,400
2,288,152

Current assets
  

Debtors: amounts falling due within one year
 6 
154,725
95,082

Cash at bank and in hand
 7 
97,704
96,974

  
252,429
192,056

Creditors: amounts falling due within one year
 8 
(117,025)
(112,498)

Net current assets
  
 
 
135,404
 
 
79,558

Total assets less current liabilities
  
2,416,804
2,367,710

  

Net assets
  
2,416,804
2,367,710


Capital and reserves
  

Called up share capital 
  
100
100

Revaluation reserve
  
9,240
14,330

Capital redemption reserve
  
458,750
458,750

Profit and loss account
  
1,948,714
1,894,530

  
2,416,804
2,367,710


Page 1

 
THE ASTOR PROPERTY GROUP LIMITED
REGISTERED NUMBER: 01540820
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 31 MARCH 2024

The director considers that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




S D Moss
Director

Date: 5 March 2025

The notes on pages 3 to 8 form part of these financial statements.

Page 2

 
THE ASTOR PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

1.


General information

The Astor Property Group Limited is a private company limited by shares and incorporated in England (registered number 01540820). The registered office is 101 New Cavendish Street, 1st Floor South, London, W1W 6XH. 
The financial statements are presented in Sterling, which is the functional currency of the Company.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

In assessing the ability of the entity to operate as a going concern, management have evaluated current and forecasted operational results, and the solvency of the entity. As a result, the directors consider it’s appropriate to prepare the financial statements on a going concern basis.

 
2.3

Revenue

Revenue 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:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

Page 3

 
THE ASTOR PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.4

Revaluation of tangible fixed assets

Individual freehold and leasehold properties are carried at current year value at fair value at the date of the revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. Revaluations are undertaken with sufficient regularity to ensure the carrying amount does not differ materially from that which would be determined using fair value at the reporting date.
Fair values are determined from market based evidence normally undertaken by professionally qualified valuers.

Revaluation gains and losses are recognised in other comprehensive income unless losses exceed the previously recognised gains or reflect a clear consumption of economic benefits, in which case the excess losses are recognised in profit or loss.

 
2.5

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.8

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

 
2.9

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.10

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

Page 4

 
THE ASTOR PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

2.Accounting policies (continued)

 
2.11

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

 
2.12

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 2).

Page 5

 
THE ASTOR PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost 


At 1 April 2023
2


Disposals
(2)



At 31 March 2024
-





5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2023
2,288,150


Deficit on revaluation
(6,750)



At 31 March 2024
2,281,400

The 2024 valuations were made by Directors, on an open market value for existing use basis.



At 31 March 2024



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

2024
2023
£
£


Historic cost
1,464,398
1,464,398

1,464,398
1,464,398

Page 6

 
THE ASTOR PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

6.


Debtors

2024
2023
£
£


Trade debtors
7,032
5,070

Other debtors
20,105
19,553

Prepayments and accrued income
4,209
-

Deferred taxation
123,379
70,459

154,725
95,082



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
97,704
96,974

97,704
96,974



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
32,006
26,580

Other taxation and social security
14,313
16,160

Other creditors
20,102
19,554

Accruals and deferred income
50,604
50,204

117,025
112,498


Page 7

 
THE ASTOR PROPERTY GROUP LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024

9.


Deferred taxation




2024


£






At beginning of year
70,459


Utilised in year
52,920



At end of year
123,379

The deferred tax asset is made up as follows:

2024
2023
£
£


Tax losses carried forward
213,470
162,237

Revaluation of Investment Property
(90,091)
(91,778)

123,379
70,459

 
Page 8