AASB Properties Ltd
Statement of financial position
as at 30 June 2024
Investment property
477,000
442,519
Cash at bank and in hand
8
712
Creditors: amounts falling due within one year
(141,334)
(145,921)
Net current liabilities
(141,326)
(145,209)
Total assets less current liabilities
335,674
297,310
Creditors: amounts falling due after more than one year
(341,719)
(341,719)
Provisions for liabilities
Net liabilities
(12,941)
(44,409)
Called up share capital
10
10
Revaluation reserve
4,549
(23,036)
Profit and loss account
(17,500)
(21,383)
Shareholders' funds
(12,941)
(44,409)
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 18 March 2025 and were signed on its behalf by
Ahmed Ali
Director
Company Registration No. 12683422
AASB Properties Ltd
Notes to the Accounts
for the year ended 30 June 2024
AASB Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 12683422. The registered office is 13 WROTTESLEY ROAD, LONDON, SE18 3EW, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Fair value at 1 July 2023
442,519
Net gain from fair value adjustments
34,481
5
Creditors: amounts falling due within one year
2024
2023
Other creditors
112,773
112,773
Loans from directors
28,161
32,748
6
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
341,719
341,719
7
Average number of employees
During the year the average number of employees was 0 (2023: 0).