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Registration number: 00629304

A.W.Properties Limited
Unaudited Filleted Financial Statements
for the Year Ended 5 April 2025

A.W.Properties Limited

Contents

Company Information | 1
Balance Sheet | 2 to 3
Notes to the Unaudited Financial Statements | 4 to 8

A.W.Properties Limited

Company Information

Directors | Mr J M Banks Dr M S Izen Mr J L Banks Mrs A H Banks

Company secretary | Mr J L Banks

Registered office | 35 Orchard Drive Chorleywood Rickmansworth WD3 5QN

Accountants | Sterlings Ltd Chartered AccountantsLawford House Albert Place London N3 1QA

A.W.Properties Limited

(Registration number: 00629304)
Balance Sheet as at 5 April 2025

| Note | 2025 £ | 2024 £
Fixed assets |  |  |
Investment property | 5 | 3,621,114 | 3,621,114
Current assets |  |  |
Debtors | 6 | 3,361 | 1,564
Investments | 7 | 931,960 | 953,825
Cash at bank and in hand |  | 85,540 | 75,826
|  | 1,020,861 | 1,031,215
Creditors: Amounts falling due within one year | 8 | (84,911) | (95,237)
Net current assets |  | 935,950 | 935,978
Total assets less current liabilities |  | 4,557,064 | 4,557,092
Creditors: Amounts falling due after more than one year | 8 | - | (60,000)
Provisions for liabilities |  | (589,234) | (591,088)
Net assets |  | 3,967,830 | 3,906,004
Capital and reserves |  |  |
Called up share capital | 9 | 600 | 600
Retained earnings |  | 3,967,230 | 3,905,404
Shareholders' funds |  | 3,967,830 | 3,906,004

For the financial year ending 5 April 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.

A.W.Properties Limited

(Registration number: 00629304)
Balance Sheet as at 5 April 2025

Approved and authorised by the Board on 11 September 2025 and signed on its behalf by:

......................................... Mrs A H Banks Director

A.W.Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 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:
35 Orchard Drive
Chorleywood
Rickmansworth
WD3 5QN
England

These financial statements were authorised for issue by the Board on 11 September 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 smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.
The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

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 in the countries where the company operates and generates taxable income.

A.W.Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.
Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.
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.

Investment properties

Investment properties are carried at fair value, derived from the current market prices for comparable properties. Changes in fair value are recognised in profit or loss.

Current asset investments

Current asset listed investments are reflected in the financial statements at the fair values. Any aggregate surplus or deficit arising from the changes in fair values is recognised in the profit and loss account.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

A.W.Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

3 | Staff numbers

The average number of persons employed by the company (including directors) during the year, was 7 (2024 - 7).

4 | Taxation

Tax charged/(credited) in the profit and loss account

| 2025 £ | 2024 £
Current taxation |  |
UK corporation tax | 30,967 | 29,313
Irrecoverable overseas tax | 473 | 488
Total current tax | 31,440 | 29,801
Deferred taxation |  |
Arising from origination and reversal of timing differences | (1,854) | 14,626
Tax expense in the profit and loss account | 29,586 | 44,427

5 | Investment properties

| 2025 £
At 6 April 2024 | 3,621,114
At 5 April 2025 | 3,621,114

The directors consider that the fair value of the company's investment properties, at the balance sheet date, was not materially different to the above.
If the investment properties had not been stated at fair value, they would have been included at historical cost of £1,464,391 (2024 - £1,464,391).

A.W.Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

6 | Debtors

Current | 2025 £ | 2024 £
Trade debtors | 1,498 | -
Prepayments and accrued income | 1,863 | 1,564
| 3,361 | 1,564

7 | Current asset investments

| 2025 £ | 2024 £
Listed investments | 931,960 | 953,825

The listed investments are stated at fair value as required by FRS 102. The historical cost of the listed investments at the year end was £442,398 (2024 - £457,088).

8 | Creditors

Creditors: amounts falling due within one year

| 2025 £ | 2024 £
Due within one year |  |
Rents received in advance | 11,224 | 11,447
Taxation and social security | 30,852 | 29,167
Accruals and deferred income | 6,960 | 6,748
Other creditors | 35,875 | 47,875
| 84,911 | 95,237

Creditors: amounts falling due after more than one year

| 2025 £ | 2024 £
Other creditors | - | 60,000

A.W.Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 5 April 2025

9 | Share capital

Allotted, called up and fully paid shares

| 2025 | 2024
| No. | £ | No. | £
Ordinary shares of £0.01 each | 60,000 | 600 | 60,000 | 600

10 | Related party transactions

In the year ended 5 April 2022, the company acquired a property from a trust, in respect of which some of the directors are beneficiaries. The property was acquired for £413,103, however at the balance sheet date the sum of £28,000 (2024 - £100,000) remained outstanding and is interest free.
The whole amount of £28,000 is due within one year and is included in other creditors.

11 Reserves

£2,057,051 of the reserves are not distributable as they arise out of unrealised gains from the revaluation of the investment properties and listed investments. The distributable reserves are £1,910,179.