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REGISTERED NUMBER: 10565937 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 June 2024

for

AG Marketing and Promotions Limited

AG Marketing and Promotions Limited (Registered number: 10565937)






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




Page

Balance Sheet 1

Notes to the Financial Statements 2


AG Marketing and Promotions Limited (Registered number: 10565937)

Balance Sheet
30 June 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,054,500 839,437

CURRENT ASSETS
Debtors 5 - 1,273
Cash at bank 9,789 138,828
9,789 140,101
CREDITORS
Amounts falling due within one year 6 427,382 550,666
NET CURRENT LIABILITIES (417,593 ) (410,565 )
TOTAL ASSETS LESS CURRENT LIABILITIES 636,907 428,872

CREDITORS
Amounts falling due after more than one year 7 (210,021 ) (209,957 )

PROVISIONS FOR LIABILITIES (53,766 ) -
NET ASSETS 373,120 218,915

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 9 161,297 -
Retained earnings 211,821 218,913
373,120 218,915

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.

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 5 March 2025 and were signed on its behalf by:





Mr A F J Gunn - Director


AG Marketing and Promotions Limited (Registered number: 10565937)

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

1. STATUTORY INFORMATION

AG Marketing and Promotions Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 10565937

Registered office: Great Oak Farm Offices
Mag Lane
Lymm
Cheshire
WA13 0TF

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

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 Profit and Loss Account, 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.

Going concern
After making enquiries, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future, being the 12 month period from the date of these accounts being approved.

3. EMPLOYEES AND DIRECTORS

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

AG Marketing and Promotions Limited (Registered number: 10565937)

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 839,437
Revaluations 215,063
At 30 June 2024 1,054,500
NET BOOK VALUE
At 30 June 2024 1,054,500
At 30 June 2023 839,437

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2024 215,063
Cost 839,437
1,054,500

Investment property was valued on an open market basis on 30 June 2024.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors - 1,273

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 7,056 6,230
Taxation and social security 10,323 10,707
Other creditors 410,003 533,729
427,382 550,666

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 210,021 209,957

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 210,021 209,957

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 210,021 209,957

AG Marketing and Promotions Limited (Registered number: 10565937)

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

9. RESERVES
Revaluation
reserve
£   
Revaluation 161,297

At 30 June 2024 161,297

10. RELATED PARTY DISCLOSURES

At the year end the company owed £402,137 to Mr A F J Gunn (2023 £526,266). The loan was interest free and repayable on demand.

11. CONTROLLING PARTY

The controlling party is Mr A F J Gunn.