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Registered number: 12355113
Agorazo Property Limited
Unaudited Financial Statements
For The Year Ended 31 December 2024
AJH Financial Accountants Limited
8 Haslem business House
105 Chorley Old Road
Bolton
BL13AS
Contents
Page
Balance Sheet 1
Notes to the Financial Statements 2—3
Page 1
Balance Sheet
Registered number: 12355113
2024 2023
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 4 984,052 985,250
984,052 985,250
Creditors: Amounts Falling Due Within One Year 5 (129,177 ) (197,036 )
NET CURRENT ASSETS (LIABILITIES) (129,177 ) (197,036 )
TOTAL ASSETS LESS CURRENT LIABILITIES 854,875 788,214
Creditors: Amounts Falling Due After More Than One Year 6 (1,009,262 ) (943,943 )
NET LIABILITIES (154,387 ) (155,729 )
CAPITAL AND RESERVES
Called up share capital 7 3 3
Profit and Loss Account (154,390 ) (155,732 )
SHAREHOLDERS' FUNDS (154,387) (155,729)
For the year ending 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mrs AYO ITOYA
Director
20/06/2025
The notes on pages 2 to 3 form part of these financial statements.
Page 1
Page 2
Notes to the Financial Statements
1. General Information
Agorazo Property Limited is a private company, limited by shares, incorporated in England & Wales, registered number 12355113 . The registered office is 2 West Heath Close West Heath Close, Crayford, Dartford, Kent, DA1 3PD.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.
Sale of goods
Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.
Rendering of services
Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.
2.3. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Leasehold stright line
Fixtures & Fittings 10% stright line method
3. Average Number of Employees
Average number of employees, including directors, during the year was: NIL (2023: NIL)
- -
4. Tangible Assets
Land & Property
Leasehold Fixtures & Fittings Total
£ £ £
Cost
As at 1 January 2024 975,660 11,986 987,646
As at 31 December 2024 975,660 11,986 987,646
Depreciation
As at 1 January 2024 - 2,396 2,396
Provided during the period - 1,198 1,198
As at 31 December 2024 - 3,594 3,594
Net Book Value
As at 31 December 2024 975,660 8,392 984,052
As at 1 January 2024 975,660 9,590 985,250
Page 2
Page 3
5. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Bank loans and overdrafts 38,302 31,441
Director's loan account 90,875 165,595
129,177 197,036
6. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 318,520 347,572
Other creditors (1) 690,742 596,371
1,009,262 943,943
7. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 3 3
Page 3