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REGISTERED NUMBER: 04326064 (England and Wales)















Unaudited Financial Statements for the Year Ended 31st March 2024

for

Aglowdam Property Services Co Ltd.

Aglowdam Property Services Co Ltd. (Registered number: 04326064)






Contents of the Financial Statements
for the Year Ended 31st March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Aglowdam Property Services Co Ltd.

Company Information
for the Year Ended 31st March 2024







DIRECTOR: Dr A I A Udom





REGISTERED OFFICE: 62 Kimberley Avenue
London
E6 3BG





REGISTERED NUMBER: 04326064 (England and Wales)





ACCOUNTANTS: OCG Accountants Ltd
Biz Hub Tees Valley
Belasis Hall Technology Park
Coxwold Way
Billingham
Co. Durham
TS23 4EA

Aglowdam Property Services Co Ltd. (Registered number: 04326064)

Balance Sheet
31st March 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 845,879 847,349

CURRENT ASSETS
Debtors 4 (1 ) 49,516
Cash at bank 2,141 2,106
2,140 51,622
CREDITORS
Amounts falling due within one year 5 (1,222,210 ) (596,871 )
NET CURRENT LIABILITIES (1,220,070 ) (545,249 )
TOTAL ASSETS LESS CURRENT LIABILITIES (374,191 ) 302,100

CREDITORS
Amounts falling due after more than one
year

6

(27,227

)

(42,750

)

PROVISIONS FOR LIABILITIES (80,708 ) (80,708 )
NET (LIABILITIES)/ASSETS (482,126 ) 178,642

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 8 224,072 224,072
Retained earnings (706,298 ) (45,530 )
(482,126 ) 178,642

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

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

The director acknowledges her 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.

Aglowdam Property Services Co Ltd. (Registered number: 04326064)

Balance Sheet - continued
31st March 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 29th July 2025 and were signed by:





Dr A I A Udom - Director


Aglowdam Property Services Co Ltd. (Registered number: 04326064)

Notes to the Financial Statements
for the Year Ended 31st March 2024

1. 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.

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

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Land and buildings - in accordance with the property
Plant and machinery etc - 20% on reducing balance

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.

HIRE PURCHASE AND LEASING COMMITMENTS
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

2. EMPLOYEES AND DIRECTORS

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

Aglowdam Property Services Co Ltd. (Registered number: 04326064)

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

3. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1st April 2023
and 31st March 2024 840,000 88,647 928,647
DEPRECIATION
At 1st April 2023 - 81,298 81,298
Charge for year - 1,470 1,470
At 31st March 2024 - 82,768 82,768
NET BOOK VALUE
At 31st March 2024 840,000 5,879 845,879
At 31st March 2023 840,000 7,349 847,349

The director sees no real benefit in revaluing the properties.

4. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors (1 ) 49,516

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,222,210 596,871

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Other creditors 27,227 42,750

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Mortgages 27,227 42,750

Aglowdam Property Services Co Ltd. (Registered number: 04326064)

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

8. RESERVES
Fair
value
reserve
£   
At 1st April 2023
and 31st March 2024 224,072