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REGISTERED NUMBER: 11403513 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

Ags Property Ventures Ltd

Ags Property Ventures Ltd (Registered number: 11403513)






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




Page

Statement of Financial Position 1

Notes to the Financial Statements 3


Ags Property Ventures Ltd (Registered number: 11403513)

Statement of Financial Position
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 1,165 360
Investment property 5 1,094,480 679,636
1,095,645 679,996

CURRENT ASSETS
Cash at bank 26,240 6,377

CREDITORS
Amounts falling due within one year 6 300,357 179,951
NET CURRENT LIABILITIES (274,117 ) (173,574 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

821,528

506,422

CREDITORS
Amounts falling due after more than
one year

7

(670,005

)

(406,893

)

PROVISIONS FOR LIABILITIES (28,765 ) (18,955 )
NET ASSETS 122,758 80,574

Ags Property Ventures Ltd (Registered number: 11403513)

Statement of Financial Position - continued
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 191,572 116,612
Retained earnings (68,914 ) (36,138 )
SHAREHOLDERS' FUNDS 122,758 80,574

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 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.

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 director and authorised for issue on 18 March 2025 and were signed by:





Mr David Martin Shallow - Director


Ags Property Ventures Ltd (Registered number: 11403513)

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

1. STATUTORY INFORMATION

Ags Property Ventures Ltd 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: 11403513

Registered office: 01 Meadlake Place
Thorpe Lea Road
Egham
Surrey
TW20 8HE

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 represents the fair value of rent received or receivable from the investment properties, 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.
Computer equipment - 25% on reducing balance

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 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 statement of financial position date.


Ags Property Ventures Ltd (Registered number: 11403513)

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

2. ACCOUNTING POLICIES - continued
Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Computer
equipment
£   
COST
At 1 July 2023 1,519
Additions 1,194
At 30 June 2024 2,713
DEPRECIATION
At 1 July 2023 1,159
Charge for year 389
At 30 June 2024 1,548
NET BOOK VALUE
At 30 June 2024 1,165
At 30 June 2023 360

Ags Property Ventures Ltd (Registered number: 11403513)

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

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 679,636
Additions 330,074
Revaluations 84,770
At 30 June 2024 1,094,480
NET BOOK VALUE
At 30 June 2024 1,094,480
At 30 June 2023 679,636

Investment property situated at 67 Church Street, Penrhiwceiber, CF45 3YB is under a charge from The Mortgage Works (UK) PLC. The charge was created on 13 September 2019.

Investment property situated at 18 Monmouth Street, Mountain Ash, CF45 3NJ is under a charge from The Charter Court Financial Services Limited charge was created on 11 May 2021.

Investment property situated at 23 Webster Street, Treharris, CF46 5HP is under a charge from The Mortgage Works (UK) PLC. The charge was created on 28 January 2022.

Investment property situated at 157 Rhys Street, Trealaw, Tonypandy, Mid Glamorgan, CF40 2QF is under a charge from Chl Mortgages for Intermediaries Limited charge was created on 23 January 2023.

Investment property situated at 61 Seymour Street, Aberdare, CF44 7BD is under a charge from Landbay Partners Limited. The charge was created on 18 September 2023.

Investment property situated at 8 Albert Street, Pentre, CF41 7JX is under a charge from Onesavings Bank PLC. The charge was created on 13 October 2023.

Investment property situated at 129 Duffryn Street, Ferndale, CF43 4EH is under a charge from Onesavings Bank PLC. The charge was created on 19 February 2024.

Investment property situated at 101 High Street, Porth, CF39 9EU is under a charge from Landbay Partners Limited. The charge was created on 06 June 2024.

Investment property situated at 20 Henry Street, Hopkinstown, Pontypridd, CF37 2RG is under a charge from Giuseppe Antonio Digiovanna. The charge was created on 10 June 2024.

Ags Property Ventures Ltd (Registered number: 11403513)

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

5. INVESTMENT PROPERTY - continued

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2020 2,781
Valuation in 2021 1,007
Valuation in 2022 25,422
Valuation in 2023 106,357
Valuation in 2024 84,770
Cost 874,143
1,094,480

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other creditors 300,357 179,951

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
30.6.24 30.6.23
£    £   
Bank loans 670,005 406,893

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 670,005 406,893

Ags Property Ventures Ltd (Registered number: 11403513)

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

8. SECURED DEBTS

The following secured debts are included within creditors:

30.6.24 30.6.23
£    £   
Bank loans 670,005 406,893

The loan amounting to £51,234 is secured by the way of charge on the property situated at 67 Church Street, Penrhiwceiber, CF45 3YB (disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 13 September 2019.

The loan amounting to £51,258 is secured by the way of charge on the property situated at 18 Monmouth Street, Mountain Ash, CF45 3NJ (disclosed as investment property). The charge was created in the name of Charter Court Financial Services Limited on 11 May 2021.

The loan amounting to £87,232 is secured by the way of charge on the property situated at 23 Webster Street, Treharris, CF46 5HP (disclosed as investment property). The charge was created in the name of The Mortgage Works (UK) PLC on 28 January 2022.

The loan amounting to £95,605 is secured by the way of charge on the property situated at 157 Rhys Street, Tonypandy, CF40 2QF (disclosed as investment property). The charge was created in the name of Chl Mortgages for Intermediaries Limited on 23 January 2023.

The loan amounting to £89,078 is secured by the way of charge on the property situated at 61 Seymour Street, Aberdare, CF44 7BD (disclosed as investment property). The charge was created in the name of Landbay Partners Limited on 18 September 2023.

The loan amounting to £102,488 is secured by the way of charge on the property situated at 8 Albert Street, Pentre, CF41 7JX (disclosed as investment property). The charge was created in the name of Onesavings Bank PLC on 13 October 2023.

The loan amounting to £92,685 is secured by the way of charge on the property situated at 129 Duffryn Street, Ferndale, CF43 4EH (disclosed as investment property). The charge was created in the name of Onesavings Bank PLC on 19 February 2024.

The loan amounting to £100,425 is secured by the way of charge on the property situated at 101 High Street, Porth, CF39 9EU (disclosed as investment property). The charge was created in the name of Landbay Partners Limited on 06 June 2024.

The loan amounting to £110,000 is secured by the way of charge on the property situated at 20 Henry Street, Hopkinstown, Pontypridd, CF37 2RG (disclosed as investment property). The charge was created in the name of Giuseppe Antonio Digiovanna on 10 June 2024.

Ags Property Ventures Ltd (Registered number: 11403513)

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

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
value
reserve
£   
At 1 July 2023 116,612
Transfer to/from reserves 74,960

At 30 June 2024 191,572

11. RELATED PARTY DISCLOSURES

The company owes £190,357 (2023: £179,951) to its director, Mr David Martin Shallow who is also a sole shareholder of the company as at accounting year end date.