Company registration number 04669173 (England and Wales)
ANDREW STREET PROPERTIES LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
PAGES FOR FILING WITH REGISTRAR
ANDREW STREET PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
ANDREW STREET PROPERTIES LIMITED
BALANCE SHEET
AS AT
28 FEBRUARY 2025
28 February 2025
- 1 -
28 February 2025
29 February 2024
Notes
£
£
£
£
Fixed assets
Tangible assets
4
910
1,137
Investment property
5
6,415,000
6,700,000
6,415,910
6,701,137
Current assets
Debtors
6
19,613
23,647
Cash at bank and in hand
107,778
9,418
127,391
33,065
Creditors: amounts falling due within one year
7
(78,298)
(152,316)
Net current assets/(liabilities)
49,093
(119,251)
Total assets less current liabilities
6,465,003
6,581,886
Creditors: amounts falling due after more than one year
8
(2,338,292)
(2,429,609)
Provisions for liabilities
(734,000)
(734,000)
Net assets
3,392,711
3,418,277
Capital and reserves
Called up share capital
100
100
Other reserves
2,962,405
2,969,556
Profit and loss reserves
430,206
448,621
Total equity
3,392,711
3,418,277

The notes on pages 4 to 7 form part of these financial statements.

ANDREW STREET PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
28 FEBRUARY 2025
28 February 2025
- 2 -

For the financial year ended 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

T he members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

The financial statements were approved by the board of directors and authorised for issue on 14 October 2025 and are signed on its behalf by:
Mr F Beechey
Director
Company registration number 04669173 (England and Wales)
ANDREW STREET PROPERTIES LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 3 -
Share capital
Fair value reserve
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 March 2023
100
1,663,536
440,129
2,103,765
Year ended 29 February 2024:
Profit and total comprehensive income
-
-
1,317,179
1,317,179
Dividends
-
-
(2,667)
(2,667)
Transfers
-
1,306,020
(1,306,020)
-
Balance at 29 February 2024
100
2,969,556
448,621
3,418,277
Year ended 28 February 2025:
Loss and total comprehensive income
-
-
(24,233)
(24,233)
Dividends
-
-
(1,333)
(1,333)
Transfers
-
(7,151)
7,151
-
Balance at 28 February 2025
100
2,962,405
430,206
3,392,711

The notes on pages 4 to 7 form part of these financial statements.

ANDREW STREET PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 4 -
1
Accounting policies
Company information

Andrew Street Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is The Old Grange, Warren Estate, Lordship Road, Writtle, Essex, England, CM1 3WT.

The company is not part of a group.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include investment properties at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

A true t the time of approving the financial statements, t he directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus t he directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Computers
33% straight line
Motor vehicles
20% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value a t the reporting end date. Changes in fair value are recognised in profit or loss and subsequently transferred to the fair value reserve. Deferred taxation is provided on any gains at the rate expected to apply when they properties are sold.

1.5
Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities, including debtors, creditors and bank balances. Basic short term financial assets are measured at the transaction price, less any impairment and basic short term financial liabilities are measured at the transaction price. Other financial liabilities including loans, are also measured at transaction price since the difference between this basis and the amortised cost is not material.

ANDREW STREET PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
1
Accounting policies
(Continued)
- 5 -
1.6
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is realised. Deferred tax is charged or credited in the profit and loss account, except when it relates to items charged or credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred tax assets and liabilities relate to taxes levied by the same tax authority.

1.7
Leases
As lessor

Rental income from operating leases is recognised on a straight line basis over the term of the relevant lease.

2
Judgements and key sources of estimation uncertainty

No significant judgements or estimations have been applied in the preparation of the financial statements.

3
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2025
2024
Number
Number
Total
2
2
ANDREW STREET PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 6 -
4
Tangible fixed assets
Plant and machinery etc
£
Cost
At 1 March 2024 and 28 February 2025
13,425
Depreciation and impairment
At 1 March 2024
12,288
Depreciation charged in the year
227
At 28 February 2025
12,515
Carrying amount
At 28 February 2025
910
At 29 February 2024
1,137
5
Investment property
2025
£
Fair value
At 1 March 2024
6,700,000
Disposals
(285,000)
At 28 February 2025
6,415,000

The fair value of the investment property has been arrived at on the basis of a valuation carried out on 28 February 2025 by the director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2025
2024
£
£
Cost
2,718,595
2,996,444
Accumulated depreciation
-
-
Carrying amount
2,718,595
2,996,444
6
Debtors
2025
2024
Amounts falling due within one year:
£
£
Other debtors
19,613
23,647
ANDREW STREET PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 28 FEBRUARY 2025
- 7 -
7
Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans
-
0
48,350
Taxation and social security
-
0
2,684
Other creditors
78,298
101,282
78,298
152,316
8
Creditors: amounts falling due after more than one year
2025
2024
£
£
Bank loans and overdrafts
1,629,235
1,690,437
Other creditors
709,057
739,172
2,338,292
2,429,609
Creditors which fall due after five years are payable as follows:
Payable by instalments
(1,629,235)
(1,690,437)

The bank loans are secured on the properties to which they relate.

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