AT Properties Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 04939007

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Tangible Assets	4		14,875,000		12,350,000
Investments	5		1		1

			14,875,001		12,350,001
CURRENT ASSETS
Debtors	6	11,942		17,889
Cash at bank and in hand		10,254		15,705

		22,196		33,594
Creditors: Amounts Falling Due Within One Year	7	(460,042 )		(502,039 )

NET CURRENT ASSETS (LIABILITIES)			(437,846 )		(468,445 )

TOTAL ASSETS LESS CURRENT LIABILITIES			14,437,155		11,881,556

Creditors: Amounts Falling Due After More Than One Year	8		(10,500,521 )		(8,394,560 )

NET ASSETS			3,936,634		3,486,996

CAPITAL AND RESERVES
Called up share capital	9		1		1
Revaluation reserve	10		94,289		94,289
Profit and Loss Account			3,842,344		3,392,706

SHAREHOLDERS' FUNDS			3,936,634		3,486,996

Page 1

Page 2

AT Properties Limited

Balance Sheet (continued)

As At 5 April 2025

For the year ending 5 April 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr Anthony Towey

Director

9 December 2025

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

AT Properties Limited Registered number 04939007 is a limited by shares company incorporated in England & Wales. The Registered Office is 27 Ribblesdale Place, Preston, PR1 3NA.

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

2.2. Turnover

Turnover comprises of rents receivable.

2.3. Tangible Fixed Assets and Depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets less their estimated residual value, over their expected useful lives on the following basis:

Fixtures & Fittings	15% Straight Line
Computer Equipment	25% Straight Line

2.4. Investment Properties

Investment properties comprise freehold properties held for their investment potential. They are shown at director's valuation and are not depreciated. Any change in their value is shown as a movement on the revaluation reserve. Any net deficit, if it exceeds previous years' surplus is charged to profit and loss account.

2.5. Registrar Filing Requirements

The company has taken advantage of Companies Act 2006 section 444(1) and opted not to file the profit and loss account, directors report, and notes to the financial statements relating to the profit and loss account.

3. Average Number of Employees

Average number of employees, including directors, during the year was: 1 (2024: 1)

4. Tangible Assets

	Investment Properties	Computer Equipment	Total
	£	£	£
Cost or Valuation
As at 6 April 2024	12,350,000	2,890	12,352,890
Additions	2,525,000	-	2,525,000

As at 5 April 2025	14,875,000	2,890	14,877,890

Depreciation
As at 6 April 2024	-	2,890	2,890

As at 5 April 2025	-	2,890	2,890

Net Book Value
As at 5 April 2025	14,875,000	-	14,875,000

As at 6 April 2024	12,350,000	-	12,350,000

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AT Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2025

5. Investments

	Unlisted
	£
Cost or Valuation
As at 6 April 2024	1

As at 5 April 2025	1

Provision
As at 6 April 2024	-

As at 5 April 2025	-

Net Book Value
As at 5 April 2025	1

As at 6 April 2024	1

The company owns the entire share capital of 1 £1 ordinary share in AT Investments Limited, a company incorporated in England.

6. Debtors

	2025	2024
	£	£
Due within one year
Trade debtors	11,942	17,889

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Corporation tax	15,558	31,570
Other creditors	109,119	71,938
Accruals and deferred income	2,633	2,262
Director's loan account	320,121	386,950
Amounts owed to subsidiaries	12,611	9,319

	460,042	502,039

8. Creditors: Amounts Falling Due After More Than One Year

	2025	2024
	£	£
Bank loans	9,629,359	7,481,329
Amounts owed to associates	871,162	913,231

	10,500,521	8,394,560

Bank loans comprises of loans advanced for the purchase and restoration of the company's investment properties. The main lenders are Paragon Mortgages Limited and the Bank of Ireland. The loans, which are secured on the properties, are interest only and are repayable after a period of 25 years. The advances have been made under several different interest rate charging arrangements.

9. Share Capital

	2025	2024
	£	£
Allotted, Called up and fully paid	1	1

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AT Properties Limited

Notes to the Financial Statements (continued)

For The Year Ended 5 April 2025

10. Reserves

	Revaluation reserve	Profit and Loss Account
	£	£
As at 6 April 2024	94,289	3,392,706
Profit for the year and total comprehensive income	-	449,638

Dividends paid	-	-

As at 5 April 2025	94,289	3,842,344

A revaluation of the investment properties held by the company was undertaken during the year. The profit on revaluation is held in retained earnings as a non distributable reserve.

11. Related Party Transactions

The company has outstandings loans amounting to £913,231 due to associated companies. The loans have no repayment timescale and the rate of interest charged is 0%. At the balance sheet date, the loans were still outstanding and are presented within creditors: due after more than one year.

12. Ultimate Controlling Party

The company's ultimate controlling party is A F Towey by virtue of his ownership of 100% of the issued share capital in the company.