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REGISTERED NUMBER: 03114976 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 OCTOBER 2024

FOR

AMWELL PROPERTIES LIMITED

AMWELL PROPERTIES LIMITED (REGISTERED NUMBER: 03114976)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMWELL PROPERTIES LIMITED

COMPANY INFORMATION
for the Year Ended 31 October 2024







DIRECTOR: C P Altoft



REGISTERED OFFICE: 84 Amwell Street
Hoddesdon
Hertfordshire
EN11 8UA



REGISTERED NUMBER: 03114976 (England and Wales)



ACCOUNTANTS: N C Graves & Co
19 Oak Grove
Hertford
Hertfordshire
SG13 8AT



BANKERS: Santander
Business Banking Centre
PO Box 126
Newport
Gwent
NP19 7UP



SOLICITORS: Braddon Snow Solicitors
Montagu House
68 High Street
Hoddesdon
Herts
EN11 8HA

AMWELL PROPERTIES LIMITED (REGISTERED NUMBER: 03114976)

BALANCE SHEET
31 October 2024

31.10.24 31.10.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 33 44
Investment property 5 2,182,029 2,152,029
2,182,062 2,152,073

CURRENT ASSETS
Debtors 6 1,190 -
Cash at bank 62,519 75,062
63,709 75,062
CREDITORS
Amounts falling due within one year 7 40,188 45,920
NET CURRENT ASSETS 23,521 29,142
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,205,583

2,181,215

CREDITORS
Amounts falling due after more than one
year

8

(567,546

)

(572,787

)

PROVISIONS FOR LIABILITIES (116,832 ) (116,832 )
NET ASSETS 1,521,205 1,491,596

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 880,495 880,495
Retained earnings 639,710 610,101
SHAREHOLDERS' FUNDS 1,521,205 1,491,596

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

AMWELL PROPERTIES LIMITED (REGISTERED NUMBER: 03114976)

BALANCE SHEET - continued
31 October 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 director and authorised for issue on 22 May 2025 and were signed by:





C P Altoft - Director


AMWELL PROPERTIES LIMITED (REGISTERED NUMBER: 03114976)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 October 2024

1. STATUTORY INFORMATION

Amwell 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.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

Investment properties are not depreciated in accordance with Statement of Standard Accounting Practice 19. Instead, they are revalued at open market value by the director based upon the opinions expressed by the lettings and estate agents employed .

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.

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 NIL (2023 - NIL).

AMWELL PROPERTIES LIMITED (REGISTERED NUMBER: 03114976)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 November 2023
and 31 October 2024 4,171
DEPRECIATION
At 1 November 2023 4,127
Charge for year 11
At 31 October 2024 4,138
NET BOOK VALUE
At 31 October 2024 33
At 31 October 2023 44

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 November 2023 2,152,029
Additions 30,000
At 31 October 2024 2,182,029
NET BOOK VALUE
At 31 October 2024 2,182,029
At 31 October 2023 2,152,029

Fair value at 31 October 2024 is represented by:
£   
Valuation in 2013 323,057
Valuation in 2014 70,000
Valuation in 2015 107,370
Valuation in 2017 200,000
Valuation in 2018 30,000
Valuation in 2019 30,500
Valuation in 2021 236,400
Cost 1,184,702
2,182,029

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Trade debtors 158 -
Other debtors 1,032 -
1,190 -

AMWELL PROPERTIES LIMITED (REGISTERED NUMBER: 03114976)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 October 2024

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.24 31.10.23
£    £   
Bank loans and overdrafts 28,185 28,185
Trade creditors 3,653 4,927
Taxation and social security 7,116 10,295
Other creditors 1,234 2,513
40,188 45,920

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.24 31.10.23
£    £   
Bank loans 417,546 422,787
Other creditors 150,000 150,000
567,546 572,787

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 304,806 310,047

9. SECURED DEBTS

The following secured debts are included within creditors:

31.10.24 31.10.23
£    £   
Mortgage - 450,972

Mortgages are secured by charges against the company's property portfolio.

10. RESERVES
Fair
value
reserve
£   
At 1 November 2023
and 31 October 2024 880,495

11. CONTINGENT LIABILITIES

The company has entered into an agreement with one of its lessees, in which it has agreed to refund the lessee £165,000 in respect of leasehold improvements carried out by the lessee. The sum is payable before April 2029, or earlier if the lessee vacates the premises.

12. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is Ms K Altoft.