Aughton Property Ltd 14926105 false 2023-06-09 2024-06-30 2024-06-30 The principal activity of the company is Property rental Digita Accounts Production Advanced 6.30.9574.0 true true 14926105 2023-06-09 2024-06-30 14926105 2024-06-30 14926105 bus:OrdinaryShareClass1 bus:CumulativeShares 2024-06-30 14926105 core:CurrentFinancialInstruments core:WithinOneYear 2024-06-30 14926105 core:Non-currentFinancialInstruments 2024-06-30 14926105 core:Non-currentFinancialInstruments core:AfterOneYear 2024-06-30 14926105 bus:SmallEntities 2023-06-09 2024-06-30 14926105 bus:AuditExemptWithAccountantsReport 2023-06-09 2024-06-30 14926105 bus:FullAccounts 2023-06-09 2024-06-30 14926105 bus:SmallCompaniesRegimeForAccounts 2023-06-09 2024-06-30 14926105 bus:RegisteredOffice 2023-06-09 2024-06-30 14926105 bus:Director1 2023-06-09 2024-06-30 14926105 bus:OrdinaryShareClass1 bus:CumulativeShares 2023-06-09 2024-06-30 14926105 bus:PrivateLimitedCompanyLtd 2023-06-09 2024-06-30 14926105 countries:EnglandWales 2023-06-09 2024-06-30 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 14926105

Aughton Property Ltd

Unaudited Filleted Financial Statements

for the Period from 9 June 2023 to 30 June 2024

 

Aughton Property Ltd

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Aughton Property Ltd

Company Information

Director

Mr Simon William Robert Aughton

Registered office

Bron Dyffryn
Llangwstennin
Llandudno Junction
Conwy
LL31 9JG

Accountants

Aston Hughes & Co
Chartered Accountants
Selby Towers
29 Princes Drive
Colwyn Bay
LL29 8PE

 

Aughton Property Ltd

(Registration number: 14926105)
Balance Sheet as at 30 June 2024

Note

2024
£

Fixed assets

 

Investment property

4

313,387

Current assets

 

Cash at bank and in hand

 

8,650

Creditors: Amounts falling due within one year

5

(91,525)

Net current liabilities

 

(82,875)

Total assets less current liabilities

 

230,512

Creditors: Amounts falling due after more than one year

5

(236,227)

Net liabilities

 

(5,715)

Capital and reserves

 

Called up share capital

6

(100)

Retained earnings

(5,615)

Shareholders' deficit

 

(5,715)

For the financial period ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the period in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 February 2025
 

.........................................
Mr Simon William Robert Aughton
Director

 

Aughton Property Ltd

Notes to the Unaudited Financial Statements for the Period from 9 June 2023 to 30 June 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Bron Dyffryn
Llangwstennin
Llandudno Junction
Conwy
LL31 9JG

These financial statements were authorised for issue by the director on 12 February 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Borrowings

 

Aughton Property Ltd

Notes to the Unaudited Financial Statements for the Period from 9 June 2023 to 30 June 2024

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including the director) during the period, was 1.

4

Investment properties

2024
£

Additions

313,387

At 30 June

313,387

There has been no valuation of investment property by an independent valuer.

 

Aughton Property Ltd

Notes to the Unaudited Financial Statements for the Period from 9 June 2023 to 30 June 2024

5

Creditors

Creditors: amounts falling due within one year

2024
£

Due within one year

Accruals and deferred income

500

Other creditors

91,025

91,525

Creditors: amounts falling due after more than one year

Note

2024
£

Due after one year

 

Loans and borrowings

7

236,227

6

Share capital

Allotted, called up and fully paid shares

 

2024

 

No.

£

NewRow_0 of £1 each

100

100

     

7

Loans and borrowings

2024
£

Non-current loans and borrowings

Bank borrowings

236,227