Caseware UK (AP4) 2024.0.164 2024.0.164 2024-09-302024-09-302025-05-152023-10-01The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.1falsefalsetrueNo description of principal activity1false 11393307 2023-10-01 2024-09-30 11393307 2022-10-01 2023-09-30 11393307 2024-09-30 11393307 2023-09-30 11393307 c:Director1 2023-10-01 2024-09-30 11393307 d:FreeholdInvestmentProperty 2024-09-30 11393307 d:FreeholdInvestmentProperty 2023-09-30 11393307 d:CurrentFinancialInstruments 2024-09-30 11393307 d:CurrentFinancialInstruments 2023-09-30 11393307 d:CurrentFinancialInstruments d:WithinOneYear 2024-09-30 11393307 d:CurrentFinancialInstruments d:WithinOneYear 2023-09-30 11393307 d:ShareCapital 2024-09-30 11393307 d:ShareCapital 2023-09-30 11393307 d:RetainedEarningsAccumulatedLosses 2024-09-30 11393307 d:RetainedEarningsAccumulatedLosses 2023-09-30 11393307 c:FRS102 2023-10-01 2024-09-30 11393307 c:AuditExempt-NoAccountantsReport 2023-10-01 2024-09-30 11393307 c:FullAccounts 2023-10-01 2024-09-30 11393307 c:PrivateLimitedCompanyLtd 2023-10-01 2024-09-30 11393307 e:PoundSterling 2023-10-01 2024-09-30 iso4217:GBP xbrli:pure

Registered number: 11393307









AG PROPERTY HOLDINGS LIMITED







UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024

 
AG PROPERTY HOLDINGS LIMITED
REGISTERED NUMBER: 11393307

BALANCE SHEET
AS AT 30 SEPTEMBER 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,675,000
1,675,000

Current assets
  

Debtors: amounts falling due within one year
 5 
2
2

Cash at bank and in hand
  
8,937
8,193

  
8,939
8,195

Creditors: amounts falling due within one year
 6 
(1,519,853)
(1,559,084)

Net current liabilities
  
 
 
(1,510,914)
 
 
(1,550,889)

  

Net assets
  
164,086
124,111


Capital and reserves
  

Called up share capital 
  
2
2

Profit and loss account
  
164,084
124,109

  
164,086
124,111


The director considers 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 director acknowledges his 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 income and retained earnings 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 15 May 2025.



A M Gibbons
Director

The notes on pages 2 to 4 form part of these financial statements.

Page 1

 
AG PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

1.


General information

AG Property Holdings Limited is a private company, limited by shares, registered in England and Wales. Its registration number is 11393307. The registered office is Leytonstone House, 3 Hanbury Drive, Leytonstone, London, E11 1GA. 

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

Operating leases: the Company as lessor

Rental income from operating leases is credited to profit or loss on a straight-line basis over the lease term.

 
2.3

Finance costs

Finance costs are charged to profit or loss 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.

 
2.4

Taxation

Tax is recognised in profit or loss 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 balance sheet date in the countries where the Company operates and generates income.


 
2.5

Investment property

Investment property is carried at fair value determined annually derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.6

Debtors

Short term debtors are measured at transaction price, less any impairment.

 
2.7

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions.

Page 2

 
AG PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

2.Accounting policies (continued)

 
2.8

Creditors

Short term creditors are measured at the transaction price.


3.


Employees

The average number of employees, including the director, during the year was 1 (2021 - 1).


4.


Fixed asset investments


Investment properties

£



Valuation


At 1 October 2023
1,675,000



At 30 September 2024
1,675,000

The 2024 valuations were made by the director, on an open market value for existing use basis.



If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2024
2023
£
£


Historic cost
1,727,643
1,727,643


5.


Debtors

2024
2023
£
£


Other debtors
2
2


Page 3

 
AG PROPERTY HOLDINGS LIMITED
 
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 SEPTEMBER 2024

6.


Creditors: Amounts falling due within one year

2024
2023
£
£

Corporation tax
13,061
10,628

Other creditors
1,504,256
1,547,256

Accruals
2,536
1,200

1,519,853
1,559,084



7.


Related party transactions

At the year end, included within other creditors, are amounts of £1,501,803 (2023 - £1,545,803) owed to companies under common control of the director.

 
Page 4