Company Registration No. 10784867 (England and Wales)
Angle Property Investments Limited
Unaudited accounts
for the year ended 31 October 2024
Angle Property Investments Limited
Unaudited accounts
Contents
Angle Property Investments Limited
Company Information
for the year ended 31 October 2024
Directors
Mr. Gary Richardson
Ms Angela Wendy Richardson
Company Number
10784867 (England and Wales)
Registered Office
Southgate Office Village
286-A Chase Road
Block E
London
N14 6HF
United Kingdom
Accountants
Stoke Newington Accountants & Tax Consultants Ltd
Southgate Office Village, Block E
286-A Chase Road
Southgate
London
N14 6HF
Angle Property Investments Limited
Statement of financial position
as at 31 October 2024
Tangible assets
19,636,328
19,785,844
Cash at bank and in hand
94,435
105,266
Creditors: amounts falling due within one year
(82,541)
(92,798)
Net current assets
133,442
109,557
Total assets less current liabilities
19,769,770
19,895,401
Creditors: amounts falling due after more than one year
(14,496,867)
(14,517,021)
Net assets
5,272,903
5,378,380
Called up share capital
102
102
Share premium
5,214,607
5,214,607
Profit and loss account
58,194
163,671
Shareholders' funds
5,272,903
5,378,380
For the year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 27 October 2025 and were signed on its behalf by
Mr. Gary Richardson
Director
Company Registration No. 10784867
Angle Property Investments Limited
Notes to the Accounts
for the year ended 31 October 2024
Angle Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 10784867. The registered office is Southgate Office Village, 286-A Chase Road, Block E, London, N14 6HF, United Kingdom.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Plant & machinery
15% Reducing Bal Method
Motor vehicles
20% Reducing Bal Method
4
Tangible fixed assets
Land & buildings
Plant & machinery
Motor vehicles
Total
Cost or valuation
At cost
At cost
At cost
At 1 November 2023
19,757,500
5,928
44,936
19,808,364
Disposals
(144,000)
-
-
(144,000)
At 31 October 2024
19,613,500
5,928
44,936
19,664,364
At 1 November 2023
-
2,861
19,659
22,520
Charge for the year
-
460
5,056
5,516
At 31 October 2024
-
3,321
24,715
28,036
At 31 October 2024
19,613,500
2,607
20,221
19,636,328
At 31 October 2023
19,757,500
3,067
25,277
19,785,844
Angle Property Investments Limited
Notes to the Accounts
for the year ended 31 October 2024
Amounts falling due within one year
Other debtors
120,905
93,429
6
Creditors: amounts falling due within one year
2024
2023
Bank loans and overdrafts
19,835
19,835
Obligations under finance leases and hire purchase contracts
-
3,670
Trade creditors
45,215
40,197
Taxes and social security
89
18,320
Other creditors
13,502
6,706
7
Creditors: amounts falling due after more than one year
2024
2023
Bank loans
14,490,138
14,510,292
Obligations under finance leases and hire purchase contracts
6,729
6,729
8
Transactions with related parties
Included in other debtors within one year, is an amount of £38,448, due from a connected company under common directorship. The loan is interest free and repayable on demand.
At the balance sheet date, where the directors held controlling interest, the directors owed the company £82,275.
The company's ultimate controlling party is the director's by virtue of their ownership of 100% of the issued share capital in the company.
10
Average number of employees
During the year the average number of employees was 3 (2023: 3).