| ALL PROPERTY UK LIMITED |
| Notes to the Accounts |
| for the year ended 30 April 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention as modified by the revlauation of certain fixed assets 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 is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. |
|
|
Investment Properties |
|
Interests in land and building comprising freehold and leasehold properties held for their investment protential are stated in the accounts at the directors valution (being an approximation of the market value) and are not subject to depreciation charges. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, 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 and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. As investment property is held for long term investment the potential liability arising in respect of the surplus on revaluation has not been provided for in these accounts. |
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost |
|
As at 30 April 2025 |
1,543,759 |
|
As at 30 April 2024 |
1,543,759 |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
at 30 April 2025 |
1,543,759 |
|
at 30 April 2024 |
1,543,759 |
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2,025 |
|
2,024 |
| £ |
£ |
|
Historical cost |
768,694 |
|
768,694 |
|
| 4 |
Debtors |
2,025 |
|
2,024 |
| £ |
£ |
|
|
Other debtors |
- |
|
6,500 |
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2,025 |
|
2,024 |
| £ |
£ |
|
|
Bank loans and overdrafts |
512,493 |
|
512,493 |
|
Directors loan account |
(281) |
|
1,971 |
|
Other creditors |
1,080 |
|
1,080 |
|
|
|
|
|
|
513,292 |
|
515,544 |
|
|
|
|
|
|
|
|
|
| 6 |
Loans |
2,025 |
|
2,024 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
512,493 |
|
512,493 |
|
|
|
|
|
|
|
|
|
|
The bank loans are secured by mortgages over the companys land and buildings. |
|
|
| 7 |
Revaluation reserve |
2,025 |
|
2,024 |
| £ |
£ |
|
|
At 1 May 2024 |
775,065 |
|
775,065 |
|
|
At 30 April 2025 |
775,065 |
|
775,065 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 8 |
Other information |
|
|
ALL PROPERTY UK LIMITED is a private company limited by shares and incorporated in England. Its registered office is: |
|
Wren Cottage |
|
Old Horsham Road |
|
Beare Green |
|
Dorking |
|
RH5 4RA |