REGISTERED NUMBER: 05179861 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

AVERWICK PROPERTIES LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

H Shah

M Shah

REGISTERED OFFICE:

Alpha House

296 Kenton Road

Harrow

HA3 8DD

REGISTERED NUMBER:

05179861 (England and Wales)

ACCOUNTANTS:

Frasers Young Limited

Chartered Certified Accountants

Alpha House

296 Kenton Road

Harrow

HA3 8DD

FIXED ASSETS

Tangible assets

4

6,215,586

6,215,614

CURRENT ASSETS

Debtors

5

33,453

31,868

Cash at bank

543,236

503,526

576,689

535,394

CREDITORS

Amounts falling due within one year

6

(305,629

)

(294,624

)

NET CURRENT ASSETS

271,060

240,770

TOTAL ASSETS LESS CURRENT LIABILITIES

6,486,646

6,456,384

CREDITORS

Amounts falling due after more than one year

7

(2,983,644

)

(2,983,644

)

PROVISIONS FOR LIABILITIES

(609,193

)

(601,031

)

NET ASSETS

2,893,809

2,871,709

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

2,893,709

2,871,609

SHAREHOLDERS' FUNDS

2,893,809

2,871,709

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

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 Board of Directors and authorised for issue on 16 September 2025 and were signed on its behalf by:

H Shah - Director

M Shah - Director

1.	STATUTORY INFORMATION

AVERWICK PROPERTIES LTD 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 as modified by the revaluation of certain assets.

Freehold & long leasehold properties.

Freehold & long leasehold properties are included at fair value. Gains are recognised in the statement of recognised gains and losses the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Freehold property

-

NIL

Computer equipment

-

15% on reducing balance

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Freehold

Computer

property

equipment

Totals

£

£

£

COST OR VALUATION

At 1 January 2024

and 31 December 2024

6,215,432

1,276

6,216,708

DEPRECIATION

At 1 January 2024

-

1,094

1,094

Charge for year

-

28

28

At 31 December 2024

-

1,122

1,122

NET BOOK VALUE

At 31 December 2024

6,215,432

154

6,215,586

At 31 December 2023

6,215,432

182

6,215,614

Cost or valuation at 31 December 2024 is represented by:

Freehold

Computer

property

equipment

Totals

£

£

£

Valuation in 2007

476,280

-

476,280

Valuation in 2014

1,641,510

-

1,641,510

Valuation in 2015

375,000

-

375,000

Valuation in 2016

325,000

-

325,000

Valuation in 2019

100,000

-

100,000

Cost

3,297,642

1,276

3,298,918

6,215,432

1,276

6,216,708

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Other debtors

33,453

31,868

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.24

31.12.23

£

£

Taxation and social security

35,037

29,845

Other creditors

270,592

264,779

305,629

294,624

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.24

31.12.23

£

£

Bank loans

2,983,644

2,983,644

8.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.24

31.12.23

£

£

Bank loans

2,983,644

2,983,644

The bank loans are secured against the properties owned by the company.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is the directors.