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REGISTERED NUMBER: 10785500 (United Kingdom)















Unaudited Financial Statements for the Year Ended 31 May 2024

for

AG PROPERTIES & MAINTENANCE LTD

AG PROPERTIES & MAINTENANCE LTD (REGISTERED NUMBER: 10785500)

Contents of the Financial Statements
for the Year Ended 31 May 2024










Page

Balance Sheet 1

Notes to the Financial Statements 3


AG PROPERTIES & MAINTENANCE LTD (REGISTERED NUMBER: 10785500)

Balance Sheet
31 May 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Investment property 4 570,185 570,185

CURRENT ASSETS
Debtors 5 41,180 31,027
Cash at bank 606 4,136
41,786 35,163
CREDITORS
Amounts falling due within one year 6 153,561 145,564
NET CURRENT LIABILITIES (111,775 ) (110,401 )
TOTAL ASSETS LESS CURRENT LIABILITIES 458,410 459,784

CREDITORS
Amounts falling due after more than one year 7 421,657 421,657
NET ASSETS 36,753 38,127

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings 36,653 38,027
SHAREHOLDERS' FUNDS 36,753 38,127

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

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

AG PROPERTIES & MAINTENANCE LTD (REGISTERED NUMBER: 10785500)

Balance Sheet - continued
31 May 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 29 May 2025 and were signed by:





Mr I Gorvett - Director


AG PROPERTIES & MAINTENANCE LTD (REGISTERED NUMBER: 10785500)

Notes to the Financial Statements
for the Year Ended 31 May 2024


1. STATUTORY INFORMATION

AG Properties & Maintenance Ltd is a private company, limited by shares , registered in United Kingdom. The company's registered number and registered office address are as below:

Registered number: 10785500

Registered office: Dyffryn Court
Riverside Buisness Park
Swansea
West Glamorgan
SA7 0AP

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 Profit and Loss Account, 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.

AG PROPERTIES & MAINTENANCE LTD (REGISTERED NUMBER: 10785500)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2023
and 31 May 2024 570,185
NET BOOK VALUE
At 31 May 2024 570,185
At 31 May 2023 570,185

There has been no valuation of investment property by an independent valuer in the period, however the directors believe that the carrying value of the properties are a reasonable estimate of market value.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 1,300 1,360
Other debtors 39,080 28,580
Prepayments 800 1,087
41,180 31,027

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 15,487 12,011
Social security and other taxes 242 861
Other creditors 135,972 132,692
Accruals and deferred income 1,860 -
153,561 145,564

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 421,657 421,657

The loans and borrowings relate to bank loans that are secured against the investment properties.

AG PROPERTIES & MAINTENANCE LTD (REGISTERED NUMBER: 10785500)

Notes to the Financial Statements - continued
for the Year Ended 31 May 2024


8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due between two and five years:
Bank loans - 2-5 years 421,657 421,657

9. SECURED DEBTS

The bank loans are secured against the investment property.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
50 Ordinary A £1 50 50
50 Ordinary B £1 50 50
100 100