AWESOMESTOW PROPERTIES LTD - Filleted accounts

Registered number

08448098

AWESOMESTOW PROPERTIES LTD

Filleted Accounts

31 March 2025

TEMPLETONS (HOLDINGS) LIMITED

CHARTERED ACCOUNTANTS

309 HOE STREET

WALTHAMSTOW

LONDON E17 9BG

AWESOMESTOW PROPERTIES LTD
Registered number:		08448098
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		975,185			950,218

Current assets
Cash at bank and in hand		15,973			14,576

Creditors: amounts falling due within one year	4	(11,175)			(10,119)

Net current assets			4,798			4,457

Total assets less current liabilities			979,983			954,675

Creditors: amounts falling due after more than one year	5		(724,028)			(728,728)

Provisions for liabilities			(36,309)			(31,559)


Net assets			219,646			194,388

Capital and reserves
Called up share capital			10,000			10,000
Revaluation reserve	7		154,790			134,540
Profit and loss account			54,856			49,848

Shareholders' funds			219,646			194,388

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.




Mr Nicholas Clark
Director
Approved by the board on 10 November 2025

AWESOMESTOW PROPERTIES LTD
Notes to the Accounts
for the year ended 31 March 2025

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 rent receivable during year.

	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 freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:

	Plant and machinery	15% reducing balance


	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. 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. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.

	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			2025		2024
Number					Number


	Average number of persons employed by the company			2		2


3	Tangible fixed assets
		Land and buildings		Plant and machinery etc		Total
£			£		£
	Cost/ Valuation	(Valuation)

	At 1 April 2024	950,000		1,126		951,126
	Surplus on revaluation	25,000		-		25,000
	At 31 March 2025	975,000		1,126		976,126

	Depreciation
	At 1 April 2024	-		908		908
	Charge for the year	-		33		33
	At 31 March 2025	-		941		941

	Net book value
	At 31 March 2025	975,000		185		975,185
	At 31 March 2024	950,000		218		950,218


	Freehold land and buildings:			2025		2024
£					£
	Historical cost			783,900		783,900
	Cumulative depreciation based on historical cost			-		-
				783,900		783,900


4	Creditors: amounts falling due within one year			2025		2024
£					£

	Bank loan ( see notes 5 and 6 below)			3,200		3,200
	Corporation tax			1,183		157
	Other creditors			6,792		6,762
				11,175		10,119


5	Creditors: amounts falling due after one year			2025		2024
£					£

	Bank loans ( see note 6 below)			714,028		718,728
	Directors Loan Account			10,000		10,000
				724,028		728,728

	The bank loans include a secured loan by a mortgage over the company investment property and personal guarantees provided by the directors as disclosed in note 6 below.

	Also incuded in the bank loans in notes 4 and 5 above is a bounce back loan (unsecured) amounting to £5,333 ( 2024- £8,533 ) and is repayable over a period of 60 months with an interest rate of 2.5% annually.

6	Loans			2025		2024
£					£
	Creditors include:

	Secured bank loans (see note 5 above)			711,895		713,395


7	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			134,540		134,540
	Gain on revaluation of land and buildings			25,000		-
	Deferred taxation arising on the revaluation of land and buildings			(4,750)		-

	At 31 March 2025			154,790		134,540

	This related to the gain on revaluation of the company's Investment Properties to 31 March 2025.
	The revaluation was done by the directors based on market value and bank valuation. The Directors
	are not aware of any changes since the last valuation.

8	Other information

	AWESOMESTOW PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
	50 Grosvenor Park Road
	London
	E17 9PG