Company No: 00832468 (England and Wales)

Contents

• Balance Sheet
• Notes to the Financial Statements

	Note	31.03.2025		29.03.2024
		£		£
Fixed assets
Investment property	3	470,000		515,000
		470,000		515,000
Current assets
Debtors	4	1,655		19,832
Cash at bank and in hand		36,533		38,873
		38,188		58,705
Creditors: amounts falling due within one year	5	( 18,125)		( 29,058)
Net current assets		20,063		29,647
Total assets less current liabilities		490,063		544,647
Net assets		490,063		544,647
Capital and reserves
Called-up share capital	6	8,000		8,000
Capital redemption reserve		2,000		2,000
Profit and loss account	7	480,063		534,647
Total shareholders' funds		490,063		544,647

For the financial period ending 31 March 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 financial statements for the financial period 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; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Statement of Income and Retained Earnings has not been delivered.

The financial statements of Aberford Properties Limited (registered number: 00832468) were approved and authorised for issue by the Board of Directors on 01 November 2025. They were signed on its behalf by:

Mr T F A Winfrey Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial period and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Aberford Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is The View, Diptford, Totnes, TQ9 7LX, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Balance Sheet and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover comprises the fair value of the consideration received or receivable on the rental of properties and in the ordinary course of the company’s activities. Turnover is shown net of value added tax, returns, rebates and discounts.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on tax rates and laws substantively enacted at the balance sheet date. Deferred tax assets and liabilities are not discounted.

Leasing incentives

The company may provide incentives to enter into new lease agreements. These incentives may take the form of an initial rent free or reduced rent period. In accordance with the accounting treatment for lease incentives, the rent free or reduced rent period is allocated on a straight line basis over the full lease term or where a lease commenced prior to the date of transition to Section 1A of FRS 102, up to the rent review date.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a [straight-line, reducing balance] basis over its expected useful life, as follows:

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Properties are held at fair value at the date of valuation less subsequent depreciation and impairment.

Revaluation gains and losses are recognised in other comprehensive income and accumulated in equity, except to the extent that a gain reverses a previously recognised loss, or a loss exceeds the accumulated gains in equity.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets receivable within one year, such as trade debtors and bank balances, are measured at transaction price less any impairment.

Basic financial assets receivable within more than one year are measured at amortised cost less any impairment.

Basic financial liabilities
Basic financial liabilities that have no stated interest rate and are payable within one year, such as trade creditors, are measured at transaction price.

Other basic financial liabilities are measured at amortised cost.

2. Employees

	Period from 30.03.2024 to 31.03.2025		Year ended 29.03.2024
	Number		Number
Monthly average number of persons employed by the Company during the period, including directors	5		5

3. Investment property

	Investment property
	£
Valuation
As at 30 March 2024	515,000
Fair value movement	(45,000)
As at 31 March 2025	470,000

Valuation

A full market valuation of investment property was completed during the year ended 31 March 2025. The valuation of investment property was completed by an independent valuer.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

	31.03.2025		29.03.2024
	£		£
Historic cost	813,370		813,370

4. Debtors

	31.03.2025		29.03.2024
	£		£
Trade debtors	0		17,895
Amounts owed by Group undertakings	208		0
Prepayments	914		937
VAT recoverable	533		0
Other debtors	0		1,000
	1,655		19,832

5. Creditors: amounts falling due within one year

	31.03.2025		29.03.2024
	£		£
Trade creditors	6,291		324
Amounts owed to connected companies	0		18
Accruals and deferred income	11,084		17,000
Taxation and social security	750		11,716
	18,125		29,058

6. Called-up share capital

	31.03.2025		29.03.2024
	£		£
Allotted, called-up and fully-paid
8,000 Ordinary shares of £ 1.00 each	8,000		8,000

7. Reserves

Non Distributable Reserves

	31.03.2025		29.03.2024
	£		£
Unrealised loss	(343,370)		(298,370)