| A & S PROPERTY SERVICES (LEICESTER) LTD |
| Registered number: |
10950943 |
| Balance Sheet |
| as at 30 September 2024 |
|
| Notes |
|
|
2024 |
|
|
2023 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
915,807 |
|
|
874,862 |
|
| Current assets |
| Debtors |
4 |
|
330,515 |
|
|
327,578 |
| Cash at bank and in hand |
|
|
51,359 |
|
|
92,735 |
|
|
|
381,874 |
|
|
420,313 |
|
| Creditors: amounts falling due within one year |
5 |
|
(252,852) |
|
|
(204,715) |
|
| Net current assets |
|
|
|
129,022 |
|
|
215,598 |
|
| Total assets less current liabilities |
|
|
|
1,044,829 |
|
|
1,090,460 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
(1,011,354) |
|
|
(985,951) |
|
|
|
| Net assets |
|
|
|
33,475 |
|
|
104,509 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Profit and loss account |
|
|
|
32,475 |
|
|
103,509 |
|
| Shareholders' funds |
|
|
|
33,475 |
|
|
104,509 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| A S Kullar |
| Director |
| Approved by the board on 19 September 2025 |
|
| A & S PROPERTY SERVICES (LEICESTER) LTD |
| Notes to the Accounts |
| for the year ended 30 September 2024 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents the amount received for rent charged during the year, exclusive of vat. |
|
|
Tangible fixed assets |
|
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than Investment properties, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows: |
|
|
Fixtures, fittings and equipment |
- 10%per annum on cost |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
|
| 2 |
Employees |
2024 |
|
2023 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
Investment property |
|
Fixture, fittings and equipment |
|
Total |
| £ |
£ |
£ |
|
Cost |
|
At 1 October 2023 |
873,737 |
|
1,250 |
|
874,987 |
|
Additions |
34,050 |
|
7,800 |
|
41,850 |
|
At 30 September 2024 |
907,787 |
|
9,050 |
|
916,837 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2023 |
- |
|
125 |
|
125 |
|
Charge for the year |
- |
|
905 |
|
905 |
|
At 30 September 2024 |
- |
|
1,030 |
|
1,030 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2024 |
907,787 |
|
8,020 |
|
915,807 |
|
At 30 September 2023 |
873,737 |
|
1,125 |
|
874,862 |
|
|
| 4 |
Debtors |
2024 |
|
2023 |
| £ |
£ |
|
|
Trade debtors |
330,515 |
|
327,365 |
|
Prepayment |
|
|
|
|
- |
|
213 |
|
|
|
|
|
|
330,515 |
|
327,578 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans and overdrafts |
(secured) |
7,637 |
|
9,188 |
|
Trade creditors |
220,391 |
|
172,847 |
|
Accruals |
|
|
|
|
7,455 |
|
3,770 |
|
Corporation tax |
|
|
|
|
13,827 |
|
13,827 |
|
Other creditors |
3,542 |
|
5,083 |
|
|
|
|
|
|
252,852 |
|
204,715 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2024 |
|
2023 |
| £ |
£ |
|
|
Bank loans |
(secured) |
831,958 |
|
839,596 |
|
Other creditors |
179,396 |
|
146,355 |
|
|
|
|
|
|
1,011,354 |
|
985,951 |
|
|
|
|
|
|
|
|
|
|
|
|
|
| 7 |
Loans |
2024 |
|
2023 |
| £ |
£ |
|
Creditors include: |
|
Amounts payable otherwise than by instalment falling due for payment after more than five years |
|
801,408 |
|
802,844 |
|
|
|
|
|
|
|
|
|
|
|
Secured bank loans |
839,596 |
|
848,784 |
|
|
|
|
|
|
|
|
|
|
Tne bank loan is secured by charges over the freehold investment properties owned by the company. |
|
|
| 8 |
Other information |
|
|
A & S PROPERTY SERVICES (LEICESTER) LTD is a private company limited by shares and incorporated in England. Its registered office is: |
|
128A Evington Road |
|
Leicester |
|
LE2 1HL |