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REGISTERED NUMBER: 10126894 (England and Wales)












ALDBURY PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024






ALDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 10126894)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ALDBURY PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTORS: Mr B M Monaghan
Mrs N T Monaghan
Mrs L M O'Connor





REGISTERED OFFICE: Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE





REGISTERED NUMBER: 10126894 (England and Wales)





ACCOUNTANTS: Christiansons Ltd
Chartered Certified Accountants
Sterling House
Fulbourne Road
Walthamstow
London
E17 4EE

ALDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 10126894)

BALANCE SHEET
31 MARCH 2024

31.3.24 31.3.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 33,631 42,703
Investment property 5 32,730,746 32,728,208
32,764,377 32,770,911

CURRENT ASSETS
Stocks 6 5,970 5,610
Debtors 7 282,648 342,110
Cash at bank and in hand 144,003 241,738
432,621 589,458
CREDITORS
Amounts falling due within one year 8 174,390 1,073,242
NET CURRENT ASSETS/(LIABILITIES) 258,231 (483,784 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

33,022,608

32,287,127

CREDITORS
Amounts falling due after more than one
year

9

(12,211,068

)

(11,539,305

)

PROVISIONS FOR LIABILITIES 12 (4,924 ) (4,924 )
NET ASSETS 20,806,616 20,742,898

CAPITAL AND RESERVES
Called up share capital 13 16,737,386 16,737,386
Revaluation reserve 14 993,369 993,369
Retained earnings 14 3,075,861 3,012,143
SHAREHOLDERS' FUNDS 20,806,616 20,742,898

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

ALDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 10126894)

BALANCE SHEET - continued
31 MARCH 2024


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 28 March 2025 and were signed on its behalf by:




Mr B M Monaghan - Director



Mrs N T Monaghan - Director


ALDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 10126894)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Aldbury Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

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 gross rents receivable for the year. Turnover is recognised when rent becomes due under the lease/rental agreement.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Motor vehicles - 25% on reducing balance
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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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 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.

3. EMPLOYEES AND DIRECTORS

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

ALDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 10126894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


4. TANGIBLE FIXED ASSETS
Plant and Motor Computer
machinery vehicles equipment Totals
£    £    £    £   
COST
At 1 April 2023 50,357 18,998 1,692 71,047
Additions - - 2,139 2,139
At 31 March 2024 50,357 18,998 3,831 73,186
DEPRECIATION
At 1 April 2023 18,918 8,312 1,114 28,344
Charge for year 7,860 2,672 679 11,211
At 31 March 2024 26,778 10,984 1,793 39,555
NET BOOK VALUE
At 31 March 2024 23,579 8,014 2,038 33,631
At 31 March 2023 31,439 10,686 578 42,703

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 32,728,208
Additions 2,538
At 31 March 2024 32,730,746
NET BOOK VALUE
At 31 March 2024 32,730,746
At 31 March 2023 32,728,208

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2023 993,369
Cost 31,737,377
32,730,746

If investment property had not been revalued it would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 31,734,839 31,734,839

Investment property was valued on an open market basis on 16 June 2022 by Strutt & Parker .

ALDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 10126894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. STOCKS
31.3.24 31.3.23
£    £   
Stocks 5,970 5,610

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Trade debtors 17,706 48,001
Other debtors 258,169 258,169
Prepayments and accrued income 6,773 35,940
282,648 342,110

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts (see note 10) - 866,844
Trade creditors 88,070 109,275
Corporation tax 52,327 9,221
Other creditors 99 582
Directors' current accounts 1,014 1,759
Accrued expenses 32,880 85,561
174,390 1,073,242

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.3.24 31.3.23
£    £   
Bank loans (see note 10) 12,211,068 11,539,305

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,211,068 8,071,929

10. LOANS

An analysis of the maturity of loans is given below:

31.3.24 31.3.23
£    £   
Amounts falling due within one year or on demand:
Bank loans - 866,844

Amounts falling due between one and two years:
Bank loans - 1-2 years - 866,844

ALDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 10126894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


10. LOANS - continued
31.3.24 31.3.23
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years - 2,600,532

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 12,211,068 8,071,929

11. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 12,211,068 12,406,149

The bank loans are secured by fixed and floating charges over the company's assets.

12. PROVISIONS FOR LIABILITIES
31.3.24 31.3.23
£    £   
Deferred tax 4,924 4,924

Deferred
tax
£   
Balance at 1 April 2023 4,924
Accelerated capital allowance
Balance at 31 March 2024 4,924

13. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
16,737,386 Ordinary £1 16,737,386 16,737,386

ALDBURY PROPERTIES LIMITED (REGISTERED NUMBER: 10126894)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


14. RESERVES
Retained Revaluation
earnings reserve Totals
£    £    £   

At 1 April 2023 3,012,143 993,369 4,005,512
Profit for the year 150,718 150,718
Dividends (87,000 ) (87,000 )
At 31 March 2024 3,075,861 993,369 4,069,230

15. ULTIMATE CONTROLLING PARTY

There is no overall control of the company by any one person.