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Registration number: 10028745

All Property Management Ltd

Annual Report and Unaudited Financial Statements

For The Year Ended 31 March 2025

 

All Property Management Ltd

Contents

Balance Sheet

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

All Property Management Ltd

(Registration number: 10028745)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

           

Fixed assets

   

 

Tangible assets

4

 

10,650

 

6,947

Investment property

5

 

20,896,754

 

20,463,419

Other financial assets

6

 

19,500

 

19,500

   

20,926,904

 

20,489,866

Current assets

   

 

Debtors

7

1,026,695

 

528,051

 

Cash at bank and in hand

 

-

 

86,393

 

 

1,026,695

 

614,444

 

Creditors: Amounts falling due within one year

8

(1,439,023)

 

(8,769,312)

 

Net current liabilities

   

(412,328)

 

(8,154,868)

Total assets less current liabilities

   

20,514,576

 

12,334,998

Creditors: Amounts falling due after more than one year

8

 

(7,918,850)

 

-

Provisions for liabilities

 

(1,247,546)

 

(1,243,799)

Net assets

   

11,348,180

 

11,091,199

Capital and reserves

   

 

Called up share capital

5,118,668

 

5,118,668

 

Profit and loss account

6,229,512

 

5,972,531

 

Total equity

   

11,348,180

 

11,091,199

 

All Property Management Ltd

(Registration number: 10028745)
Balance Sheet as at 31 March 2025

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' 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 directors acknowledge their 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 and 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 directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 27 August 2025 and signed on its behalf by:
 

.........................................
Mr M. Rothwell
Director

.........................................
Mr T.G. Kernachan
Director

 
     
 

All Property Management Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

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:
34 Wellington Street
Leeds
LS1 2DE

These financial statements were authorised for issue by the Board on 27 August 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

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.

Statement of compliance

These financial statements have been prepared 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.

Basis of preparation

The financial statements have been prepared using the historical cost convention.

The financial statements are presented in Sterling (£).

Revenue recognition

Turnover comprises the fair value of rental income from leased properties. The income is recognised as it falls due, in accordance with the lease to which it relates.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income 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 is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements. 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 in the Balance Sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

 

All Property Management Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

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 machinery

25% Reducing balance

Motor vehicles

25% Reducing balance

Investment property

Investment property is carried at fair value derived from the current market prices for comparable real estate determined annually. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

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.

Share capital

Ordinary shares are classified as equity.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2024 - 4).

 

All Property Management Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

4

Tangible assets

Motor vehicles
 £

Plant and machinery
£

Total
£

Cost or valuation

At 1 April 2024

12,350

26,751

39,101

Additions

5,829

3,989

9,818

Disposals

(12,350)

-

(12,350)

At 31 March 2025

5,829

30,740

36,569

Depreciation

At 1 April 2024

9,785

22,369

32,154

Charge for the year

1,457

2,093

3,550

Eliminated on disposal

(9,785)

-

(9,785)

At 31 March 2025

1,457

24,462

25,919

Carrying amount

At 31 March 2025

4,372

6,278

10,650

At 31 March 2024

2,565

4,382

6,947

5

Investment properties

2025
£

At 1 April

20,463,419

Additions

433,335

At 31 March

20,896,754


Investment property was last valued on 20 February 2023 by Eddisons Taylors on an open market basis. In the opinion of the directors there has been no material change to investment property value at 31 March 2025.

6

Other financial assets (current and non-current)

2025
£

2024
£

Non-current financial assets

Financial assets at cost less impairment

19,500

19,500

 

All Property Management Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

7

Debtors

Debtors: amounts falling due within one year

2025
£

2024
£

Trade debtors

189,326

204,292

Prepayments

25,320

26,513

Other debtors

812,049

297,246

 

1,026,695

528,051

The company is related to 168 Briggate Ltd, APN Hotel Group Limited and Thirty-Six Leeds Limited by virtue of the common shareholding of Mr M. Rothwell and Mr T.G. Kernachan.

Other debtors include a loan to 168 Briggate Ltd of £nil (2024 £158,019). The loan is interest free and repayable on demand by the company.

Other debtors include a loan to APN Hotel Group Limited of £nil (2024 £114,227). The loan is interest free and repayable on demand by the company.

Other debtors include a loan to Thirty-Six Leeds Limited of £812,049 (2024 £25,000). The loan is interest free and repayable on demand by the company.

8

Creditors

Creditors: amounts falling due within one year

2025
£

2024
£

Loans and borrowings

122,924

7,998,850

Trade creditors

137,906

77,364

Taxation and social security

78,983

19,672

Other creditors

1,099,210

673,426

1,439,023

8,769,312

The company is related to APN Holdings Ltd, APN Hotel Group Ltd and Blayds Mews Properties Ltd by virtue of the common shareholding of Mr M. Rothwell and Mr T.G. Kernachan.

Other creditors include a loan from APN Holdings Ltd in the amount of £725,451 (2024 £430,508). The loan is interest free, unsecured and repayable on demand by the company.

Other creditors include a loan from APN Hotel Group Ltd in the amount of £141,177 (2024 £nil). The loan is interest free, unsecured and repayable on demand by the company.

Other creditors include a loan from Blayds Mews Properties Ltd in the amount of £11,500 (2024 £nil). The loan is interest free, unsecured and repayable on demand by the company.

 

All Property Management Ltd

Notes to the Unaudited Financial Statements For The Year Ended 31 March 2025

Creditors: amounts falling due after more than one year

Note

2025
£

2024
£

Loans and borrowings

7,918,850

-


Creditors include bank loans which are secured of £7,998,850 (2023 £8,028,850). Bank loans are secured by a fixed and floating charge over the assets of the company.

9

Reserves

Profit and loss reserve represents all current and prior period retained profits and losses. £4,074,505 of the Profit and loss reserve at 31 March 2024 (2024 - £4,079,988) is non-distributable. The non-distributable element of the Profit and loss reserve relates to investment property revaluation gains, net of related deferred taxation.