Caseware UK (AP4) 2024.0.164 2024.0.164 2024-06-302024-06-302023-07-01false2No description of principal activity3falsetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 10839105 2023-07-01 2024-06-30 10839105 2022-07-01 2023-06-30 10839105 2024-06-30 10839105 2023-06-30 10839105 c:Director2 2023-07-01 2024-06-30 10839105 d:FurnitureFittings 2023-07-01 2024-06-30 10839105 d:FurnitureFittings 2024-06-30 10839105 d:FurnitureFittings 2023-06-30 10839105 d:FurnitureFittings d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10839105 d:OfficeEquipment 2023-07-01 2024-06-30 10839105 d:OfficeEquipment 2024-06-30 10839105 d:OfficeEquipment 2023-06-30 10839105 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10839105 d:OwnedOrFreeholdAssets 2023-07-01 2024-06-30 10839105 d:FreeholdInvestmentProperty 2024-06-30 10839105 d:FreeholdInvestmentProperty 2023-06-30 10839105 d:FreeholdInvestmentProperty 2 2023-07-01 2024-06-30 10839105 d:CurrentFinancialInstruments 2024-06-30 10839105 d:CurrentFinancialInstruments 2023-06-30 10839105 d:Non-currentFinancialInstruments 2024-06-30 10839105 d:Non-currentFinancialInstruments 2023-06-30 10839105 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 10839105 d:CurrentFinancialInstruments d:WithinOneYear 2023-06-30 10839105 d:Non-currentFinancialInstruments d:AfterOneYear 2024-06-30 10839105 d:Non-currentFinancialInstruments d:AfterOneYear 2023-06-30 10839105 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2024-06-30 10839105 d:Non-currentFinancialInstruments d:BetweenOneTwoYears 2023-06-30 10839105 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2024-06-30 10839105 d:Non-currentFinancialInstruments d:BetweenTwoFiveYears 2023-06-30 10839105 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2024-06-30 10839105 d:Non-currentFinancialInstruments d:MoreThanFiveYears 2023-06-30 10839105 d:ShareCapital 2024-06-30 10839105 d:ShareCapital 2023-06-30 10839105 d:SharePremium 2024-06-30 10839105 d:SharePremium 2023-06-30 10839105 d:RetainedEarningsAccumulatedLosses 2024-06-30 10839105 d:RetainedEarningsAccumulatedLosses 2023-06-30 10839105 c:OrdinaryShareClass1 2023-07-01 2024-06-30 10839105 c:OrdinaryShareClass1 2024-06-30 10839105 c:FRS102 2023-07-01 2024-06-30 10839105 c:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 10839105 c:FullAccounts 2023-07-01 2024-06-30 10839105 c:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 10839105 d:AcceleratedTaxDepreciationDeferredTax 2024-06-30 10839105 d:AcceleratedTaxDepreciationDeferredTax 2023-06-30 10839105 f:PoundSterling 2023-07-01 2024-06-30 10839105 d:EntityControlledByKeyManagementPersonnel1 2023-07-01 2024-06-30 10839105 d:EntityControlledByKeyManagementPersonnel1 2024-06-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 10839105









AYESON PROPERTIES LTD







UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 JUNE 2024

 
AYESON PROPERTIES LTD
REGISTERED NUMBER: 10839105

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2024


2024

2023
Note
£
£
£
£

Fixed assets
  

Tangible assets
 4 
16,328
20,403

Investment property
 5 
8,205,000
8,995,000

  
8,221,328
9,015,403

Current assets
  

Debtors: amounts falling due within one year
 6 
4,042
10,817

Cash at bank and in hand
 7 
11,482
5,351

  
15,524
16,168

Creditors: amounts falling due within one year
 8 
(400,420)
(358,554)

Net current liabilities
  
 
 
(384,896)
 
 
(342,386)

Total assets less current liabilities
  
7,836,432
8,673,017

Creditors: amounts falling due after more than one year
 9 
(6,092,191)
(5,992,340)

Provisions for liabilities
  

Deferred tax
 11 
-
(103,413)

Net assets
  
1,744,241
2,577,264


Capital and reserves
  

Called up share capital 
 12 
3,375
3,375

Share premium account
 13 
2,481,432
2,481,432

Profit and loss account
 13 
(740,566)
92,457

  
1,744,241
2,577,264


Page 1

 
AYESON PROPERTIES LTD
REGISTERED NUMBER: 10839105
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the Statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 25 March 2025.




S Tejura
Director

The notes on pages 3 to 9 form part of these financial statements.

Page 2

 
AYESON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

1.


General information

Ayeson Properties Ltd is a company limited by shares, incorporated in England and Wales. The address of the registered office is Brockstone, Bears Den, Kingswood, Surrey, KT20 6PL.
The company specialises in investment and rental of real estate.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The financial statements have been prepared on a going concern basis notwithstanding the net current liabilities of £384,896 (2023 - £342,386) as the directors and shareholders have provided an undertaking that they will continue to support the company to meet its liabilities as they fall due. As a result, the directors believe that the preparation of the financial statements on a going concern basis is appropriate.

 
2.3

Revenue

Turnover comprises rent receivable by the company and is recognised in line with the period when it is due.

 
2.4

Investment property

Investment properties are properties held to earn rent and for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of the investment properties are included in the Statement of comprehensive income in the year in which they arise.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 3

 
AYESON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)

 
2.7

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.8

Finance costs

Finance costs are charged to the Statement of comprehensive income over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.9

Borrowing costs

All borrowing costs are recognised in the Statement of comprehensive income in the year in which they are incurred.

 
2.10

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in the Statement of comprehensive income except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.11

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 4

 
AYESON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

2.Accounting policies (continued)


2.11
Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, on a reducing balance basis.

Depreciation is provided on the following basis:

Fixtures & fittings
-
25%
reducing balance
Office equipment
-
25%
reducing balance

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in the Statement of comprehensive income.

  
2.12

Provisions for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation.
Provisions are charged as an expense to the Statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the reporting date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties.
When payments are eventually made, they are charged to the provision carried in the Statement of financial position.


3.


Employees

The average monthly number of employees, including directors, during the year was 2 (2023 - 3).

Page 5

 
AYESON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

4.


Tangible fixed assets





Fixtures & fittings
Office equipment
Total

£
£
£



Cost


At 1 July 2023
38,406
2,836
41,242


Additions
1,366
-
1,366



At 30 June 2024

39,772
2,836
42,608



Depreciation


At 1 July 2023
18,716
2,123
20,839


Charge for the year
5,263
178
5,441



At 30 June 2024

23,979
2,301
26,280



Net book value



At 30 June 2024
15,793
535
16,328



At 30 June 2023
19,690
713
20,403


5.


Investment property


Freehold investment property

£



Valuation


At 1 July 2023
8,995,000


Loss on revaluation
(790,000)



At 30 June 2024
8,205,000

The 2024 valuations were made by the directors, who are not qualified surveyors, on an open market value for existing use basis.






Page 6

 
AYESON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

6.


Debtors

2024
2023
£
£


Trade debtors
1,750
6,327

Prepayments and accrued income
2,292
4,490

4,042
10,817



7.


Cash and cash equivalents

2024
2023
£
£

Cash at bank and in hand
11,482
5,351

Less: bank overdrafts
(3,915)
-

7,567
5,351



8.


Creditors: Amounts falling due within one year

2024
2023
£
£

Bank overdrafts
3,915
-

Bank loans
25,031
25,032

Trade creditors
17,400
10,749

Other creditors
332,401
285,273

Accruals and deferred income
21,673
37,500

400,420
358,554


Bank loans are secured against the investment properties and other assets of the company.

Page 7

 
AYESON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

9.


Creditors: Amounts falling due after more than one year

2024
2023
£
£

Bank loans
6,092,191
5,992,340

6,092,191
5,992,340


Bank loans are secured against the investment properties and other assets of the company.


10.


Loans


Analysis of the maturity of loans is given below:


2024
2023
£
£

Amounts falling due within one year

Bank loans
25,031
25,032

Amounts falling due 1-2 years

Bank loans
5,882
5,882

Amounts falling due 2-5 years

Bank loans
17,647
17,647

Amounts falling due after more than 5 years

Bank loans
6,068,662
5,968,811

6,117,222
6,017,372


Page 8

 
AYESON PROPERTIES LTD
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2024

11.


Deferred taxation




2024


£






At beginning of year
103,413


Credited to the Statement of comprehensive income
(103,413)



At end of year
-

The deferred taxation balance is made up as follows:

2024
2023
£
£


Revaluation of property
-
103,413

-
103,413


12.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



3,375 Ordinary shares of £1 each
3,375
3,375



13.


Reserves

Included in the profit and loss account are non-distributable reserves of £Nil (2023 - £310,240).


14.


Related party transactions

Included within other creditors is an amount of £299,148 (2023 - £244,991) due to the directors of the company. During the year, the directors were repaid amounts totalling £49,186 (2023 - £66,220) and introduced amounts totalling £103,343 (2023 - £275,104) to the company.


15.


Controlling party

The controlling party of the company are its directors, by virtue of their shareholdings in the company.

Page 9