Company Registration No. 13298301 (England and Wales)
A&L Ward Property Limited
Unaudited accounts
for the year ended 31 March 2025
A&L Ward Property Limited
Unaudited accounts
Contents
A&L Ward Property Limited
Company Information
for the year ended 31 March 2025
Company Number
13298301 (England and Wales)
Registered Office
Courtenay House
Pynes Hill
Exeter
Devon
EX2 5AZ
United Kingdom
Accountants
Griffin
Courtenay House
Pynes Hill
Exeter
Devon
EX2 5AZ
A&L Ward Property Limited
Statement of financial position
as at 31 March 2025
Investment property
300,000
300,000
Cash at bank and in hand
276
163
Creditors: amounts falling due within one year
(84,884)
(83,866)
Net current liabilities
(84,608)
(83,703)
Total assets less current liabilities
215,392
216,297
Creditors: amounts falling due after more than one year
(195,000)
(195,000)
Provisions for liabilities
Deferred tax
(5,183)
(5,183)
Called up share capital
100
100
Profit and loss account
15,109
16,014
Shareholders' funds
15,209
16,114
For the year ending 31 March 2025 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 11 December 2025 and were signed on its behalf by
A Ward
Director
Company Registration No. 13298301
A&L Ward Property Limited
Notes to the Accounts
for the year ended 31 March 2025
A&L Ward Property Limited is a private company, limited by shares, registered in England and Wales, registration number 13298301. The registered office is Courtenay House, Pynes Hill, Exeter, Devon, EX2 5AZ, 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.
The directors confirm that, having considered their expectations and intentions for the next twelve months, and the availability of working capital, the company is a going concern.
Cash and cash equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.
Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.
The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
A&L Ward Property Limited
Notes to the Accounts
for the year ended 31 March 2025
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 accounts. 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 current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Fair value at 1 April 2024
300,000
The 2022 valuations were made by the directors on an open market value for existing use basis.
If the Investment property had been accounted for under the historic cost accounting rule, the property would be measured at £272,722.
5
Creditors: amounts falling due within one year
2025
2024
Loans from directors
83,564
82,587
6
Creditors: amounts falling due after more than one year
2025
2024
Bank loans
195,000
195,000
7
Average number of employees
During the year the average number of employees was 0 (2024: 0).