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Registration number: 10494295

Arboury Property Holdings Ltd

Unaudited Filleted Financial Statements

for the Year Ended 30 November 2024

 

Arboury Property Holdings Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Arboury Property Holdings Ltd

(Registration number: 10494295)
Balance Sheet as at 30 November 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

815

1,159

Investment property

5

8,119,000

9,703,649

 

8,119,815

9,704,808

Current assets

 

Debtors

6

14,682

9,729

Cash at bank and in hand

 

18,157

29,439

 

32,839

39,168

Creditors: Amounts falling due within one year

7

(1,139,687)

(961,391)

Net current liabilities

 

(1,106,848)

(922,223)

Total assets less current liabilities

 

7,012,967

8,782,585

Creditors: Amounts falling due after more than one year

7

(6,354,877)

(6,025,061)

Provisions for liabilities

-

(377,199)

Net assets

 

658,090

2,380,325

Capital and reserves

 

Called up share capital

8

600

600

Share premium reserve

1,272,712

1,272,712

Other reserves

481,201

1,189,675

Profit and loss account

(1,096,423)

(82,662)

Shareholders' funds

 

658,090

2,380,325

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 12 June 2025
 



 

Miss. K. M. A. Hollis
Director

 

Arboury Property Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
32 Wigford Road
Dosthill
Tamworth
B77 1LY

2

Accounting policies

Basis of preparation

These financial statements have been prepared using the historical cost convention in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

The presentation currency is sterling.

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition
Turnover comprises rental income received or receivable in the ordinary course of the company's activities.

The company recognises revenue when:

The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities

Tax policies

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax
Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when 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.

Tangible assets

Tangible assets are stated at cost, less any subsequent accumulated depreciation and accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation
Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and equipment

25% straight line

 

Arboury Property Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Investment property

Investment property is measured at fair value at each reporting date with changes in fair value recognised in the profit and loss account.

Defined contribution pension obligation

The company operates a defined contribution plan for the benefit of its employees. Contributions are expensed as they become payable.

Cash
Cash comprises cash on hand and all deposits.

Debtors
Debtors are amounts due from tenants and letting agents for rent receivable and other associated letting fees in the ordinary course of the business.

Debtors are recognised at the transaction price. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised at the transaction price.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

3

Staff numbers

The average number of persons employed by the company during the year was 0 (2023 - 0).

 

Arboury Property Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4

Tangible assets

Plant and equipment
 £

Total
£

Cost

At 1 December 2023

1,374

1,374

At 30 November 2024

1,374

1,374

Depreciation

At 1 December 2023

215

215

Charge for the year

344

344

At 30 November 2024

559

559

Net book value

At 30 November 2024

815

815

At 30 November 2023

1,159

1,159

5

Investment property

2024
£

2023
£

At 1 December

9,703,649

9,327,000

Additions

491,663

224,427

Fair value adjustments

(2,076,312)

152,222

At 30 November

8,119,000

9,703,649

The properties were valued professionally by John Willson RICS registered valuer as at 6 September 2024 in accordance with the Royal Institution of Chartered Surveryors Valuation Global Standards and the UK National Supplement, especially UK VPGA 15. The director does not believe there is any material change in value at the balance sheet date.

6

Debtors

2024
£

2023
£

Other debtors

6,310

3,361

Prepayments

8,372

6,368

14,682

9,729

 

Arboury Property Holdings Ltd

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

2024
£

2023
£

Bank loans

62,318

39,112

Trade creditors

9,745

4,054

Taxation and social security

371

415

Other creditors

39,442

43,455

Other loans

1,022,341

869,245

Accruals

5,470

5,110

1,139,687

961,391

Creditors include bank loans in the sum of £62,318 (2023 - £39,112) which are secured by a government backed guarantee or against the properties they relate to or by negative pledges, floating charges and fixed charges against the investment properties.

Creditors: amounts falling due after more than one year

2024
£

2023
£

Bank loans

6,354,877

6,025,061

6,354,877

6,025,061

Creditors include bank loans in the sum of £6,354,877 (2023 - £6,025,061) which are secured against the properties they relate to or by negative pledges, floating charges and fixed charges against the investment properties. Within this amount is £196,121 (2023 - £199,650) due by instalments after more than five years and £5,542,427 (2023 - £5,755,546) due, other than by instalments, after more than five years.

8

Share capital

Allotted, called up and fully paid shares

 

2024

2023

 

No.

£

No.

£

Ordinary Shares A of £1 each

305

305

305

305

Ordinary Shares B of £1 each

5

5

5

5

Ordinary Shares C of £1 each

95

95

95

95

Ordinary Shares D of £1 each

95

95

95

95

Ordinary Shares E of £0.01 each

10,000

100

10,000

100

 

10,500

600

10,500

600

9

Related party transactions

Director's loan

The director provided the company with a loan on which no interest was charged.