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REGISTERED NUMBER: 05822855 (England and Wales)













Unaudited Financial Statements

for the Year Ended 30 September 2024

for

AAD Properties Limited

AAD Properties Limited (Registered number: 05822855)






Contents of the Financial Statements
for the year ended 30 September 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AAD Properties Limited

Company Information
for the year ended 30 September 2024







DIRECTORS: A Dobbing
M Dobbing





SECRETARY: A Dobbing





REGISTERED OFFICE: Unit 70
The Galleries
Washington
Tyne and Wear
NE38 7RR





REGISTERED NUMBER: 05822855 (England and Wales)





ACCOUNTANTS: TTR Barnes Limited
Chartered Accountants
3-5 Grange Terrace
Stockton Road
Sunderland
Tyne & Wear
SR2 7DG

AAD Properties Limited (Registered number: 05822855)

Statement of Financial Position
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 783,676 799,383

CURRENT ASSETS
Stocks 341,459 314,045
Debtors 5 177,216 55,321
Cash at bank 3,234 7,002
521,909 376,368
CREDITORS
Amounts falling due within one year 6 471,068 372,398
NET CURRENT ASSETS 50,841 3,970
TOTAL ASSETS LESS CURRENT
LIABILITIES

834,517

803,353

CREDITORS
Amounts falling due after more than one
year

7

196,243

199,945
NET ASSETS 638,274 603,408

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 638,174 603,308
SHAREHOLDERS' FUNDS 638,274 603,408

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

AAD Properties Limited (Registered number: 05822855)

Statement of Financial Position - continued
30 September 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 12 June 2025 and were signed on its behalf by:




A Dobbing - Director



M Dobbing - Director


AAD Properties Limited (Registered number: 05822855)

Notes to the Financial Statements
for the year ended 30 September 2024

1. STATUTORY INFORMATION

AAD 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.

The financial statements have been prepared on the going concern basis ,which assumes that the company will continue in operational existence for the foreseeable future, which the directors consider to be appropriate.


Investment property
Investment property is shown at cost and is currently being depreciated at 2% straight line per annum. The directors consider that not to depreciate would not give a true representation of the current market value of the property.

Stocks
Stocks include property acquired for re-sale and are valued at the lower of cost or net realisable value.

Financial instruments
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are recognised at transaction value and subsequently measured at their settlement value.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Other income
Other income represents rents, excluding valued added tax.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

AAD Properties Limited (Registered number: 05822855)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023 995,997
Additions 195,490
Disposals (205,390 )
At 30 September 2024 986,097
DEPRECIATION
At 1 October 2023 196,614
Charge for year 21,519
Eliminated on disposal (15,712 )
At 30 September 2024 202,421
NET BOOK VALUE
At 30 September 2024 783,676
At 30 September 2023 799,383

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 177,216 55,321

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 8,000 8,000
Taxation and social security 16,115 118,104
Other creditors 446,953 246,294
471,068 372,398

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 196,243 199,945

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 204,243 207,945

Bank borrowings were secured by way of legal mortgages and fixed charges dated from July 2006 to June 2009, over the company's properties and all other current and future assets.

AAD Properties Limited (Registered number: 05822855)

Notes to the Financial Statements - continued
for the year ended 30 September 2024

9. ULTIMATE CONTROLLING PARTY

The controlling party is Mr A Dobbing and Mrs M Dobbing.