Registered number
09660307
Advance Property Limited
Filleted Accounts
30 June 2024
Advance Property Limited
Registered number: 09660307
Balance Sheet
as at 30 June 2024
Notes 2024 2023
£ £
Current assets
Cash at bank and in hand 13,314 9,952
Creditors: amounts falling due within one year 3 (11,192) (5,837)
Net current assets 2,122 4,115
Total assets less current liabilities 2,122 4,115
Creditors: amounts falling due after more than one year 4 (2,237) (2,738)
Net (liabilities)/assets (115) 1,377
Capital and reserves
Called up share capital 100 100
Profit and loss account (215) 1,277
Shareholders' funds (115) 1,377
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 has not been delivered to the Registrar of Companies.
Mohammed Athaur Rahman Choudhury
Director
Approved by the board on 23 April 2025
Advance Property 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. Turnover includes revenue earned from the rendering of services. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.

Basic financial instruments are initially recognised at the transaction price and are subsequently measured as follows: Debt instruments are subsequently measured at amortised cost and commitments to receive a loan and to make a loan to another entity are subsequently measured at amortised cost. Where investments in non-convertible preference shares and non-puttable ordinary shares or preference shares are publicly traded or their fair value can otherwise be measured reliably, the investment is subsequently measured at fair value with changes in fair value recognised in profit or loss. All other such investments are subsequently measured at cost less impairment.

All other financial instruments, including derivatives, are initially recognised at fair value, which is normally the transaction price and are subsequently measured at fair value, with any changes recognised in profit or loss.

Financial assets that are measured at cost or amortised cost are reviewed for objective evidence of impairment at the end of each reporting date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss immediately.
All equity instruments regardless of significance, and other financial assets that are individually significant, are assessed individually for impairment. Other financial assets or either assessed individually or grouped on the basis of similar credit risk characteristics.

Any reversals of impairment are recognised in profit or loss immediately, to the extent that the reversal does not result in a carrying amount of the financial asset that exceeds what the carrying amount would have been had the impairment not previously been recognised.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 2 2
3 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 451 400
Taxation and social security costs 3,601 626
Other creditors 7,140 4,811
11,192 5,837
4 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 2,237 2,738
5 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 2,688 3,138
A loan of £2,688 (2023 : 3,138) under the Coronavirus Bounce back loan scheme is covered by a government-backed guarantee.
6 Other information
Advance Property Limited is a private company limited by shares and incorporated in England. Its registered office is:
124-126 Queensway
Bletchley
Milton Keynes
Buckinghamshire
MK2 2RU
Advance Property Limited 09660307 false 2023-07-01 2024-06-30 2024-06-30 VT Final Accounts April 2025 Mohammed Athaur Rahman Choudhury No description of principal activity 09660307 2022-07-01 2023-06-30 09660307 core:WithinOneYear 2023-06-30 09660307 core:AfterOneYear 2023-06-30 09660307 core:ShareCapital 2023-06-30 09660307 core:RetainedEarningsAccumulatedLosses 2023-06-30 09660307 2023-07-01 2024-06-30 09660307 bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 09660307 bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 09660307 bus:Director40 2023-07-01 2024-06-30 09660307 1 2023-07-01 2024-06-30 09660307 2 2023-07-01 2024-06-30 09660307 countries:England 2023-07-01 2024-06-30 09660307 bus:FRS102 2023-07-01 2024-06-30 09660307 bus:FilletedAccounts 2023-07-01 2024-06-30 09660307 2024-06-30 09660307 core:WithinOneYear 2024-06-30 09660307 core:AfterOneYear 2024-06-30 09660307 core:ShareCapital 2024-06-30 09660307 core:RetainedEarningsAccumulatedLosses 2024-06-30 09660307 2023-06-30 iso4217:GBP xbrli:pure