Registered number
06902773
Axis Commercial Properties Limited
Filleted Accounts
30 June 2024
Axis Commercial Properties Limited
Registered number: 06902773
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 1,438 1,918
Investments 4 425,000 425,000
426,438 426,918
Current assets
Debtors 5 936 627
Cash at bank and in hand 41,988 29,428
42,924 30,055
Creditors: amounts falling due within one year 7 (6,238) (3,797)
Net current assets 36,686 26,258
Total assets less current liabilities 463,124 453,176
Creditors: amounts falling due after more than one year 8 (203,082) (203,082)
Provisions for liabilities (32,744) (32,744)
Net assets 227,298 217,350
Capital and reserves
Called up share capital 100 100
Profit and loss account 227,198 217,250
Shareholders' funds 227,298 217,350
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account and the director's report have not been delivered to the Registrar of Companies.
S Chester
Director
Approved by the board on 25 February 2025
Axis Commercial Properties Limited
Notes to the Accounts
for the year ended 30 June 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of commercial premises and is recognised by reference to the rental period.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment over 5 years
Investments
Unlisted investments are measured at fair value. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price).
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 July 2023 20,785
At 30 June 2024 20,785
Depreciation
At 1 July 2023 18,867
Charge for the year 480
At 30 June 2024 19,347
Net book value
At 30 June 2024 1,438
At 30 June 2023 1,918
4 Investments
Other
investments
£
Cost
At 1 July 2023 425,000
At 30 June 2024 425,000
5 Debtors 2024 2023
£ £
Other debtors 936 627
6 Investments held as current assets 2024 2023
£ £
Fair value
Increase/(decrease) in fair value included in the profit and loss account for the financial year
Unlisted investments - 25,000
7 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 3,447 1,234
Other creditors 2,791 2,563
6,238 3,797
8 Creditors: amounts falling due after one year 2024 2023
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 203,082 203,082
9 Other information
Axis Commercial Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
Central House
124 High Street
Hampton Hill
Middlesex
TW12 1NS
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