AREA PROPERTIES LIMITED - Filleted accounts

Registered number

00462299

AREA PROPERTIES LIMITED

Filleted Accounts

31 March 2025

AREA PROPERTIES LIMITED
Registered number:		00462299
Balance Sheet
as at 31 March 2025

Notes			2025			2024
£				£
Fixed assets
Tangible assets	3		5,611			470
Investments	4		350,000			350,000
			355,611			350,470

Current assets
Debtors	5	1,032			2,318
Cash at bank and in hand		61,877			72,607
		62,909			74,925

Creditors: amounts falling due within one year	6	-			(7,522)

Net current assets			62,909			67,403

Total assets less current liabilities			418,520			417,873


Provisions for liabilities			(20,678)			(19,393)


Net assets			397,842			398,480

Capital and reserves
Called up share capital			7			7
Revaluation reserve	7		235,193			235,193
Profit and loss account			162,642			163,280

Shareholders' funds			397,842			398,480

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.




Brian Roy Jones
Director
Approved by the board on 8 December 2025

AREA PROPERTIES LIMITED
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 rental income and service charges from investment properties, and is shown net of value added tax and other sales related taxes.

	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:

	Computer equipments	33% of NBV
	Fixtures and fittings	18% of NBV

	Investment properties
	Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.

	Impairment of fixed assets
	At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset,the company estimates the recoverable amount of the cash-generating unit to which the asset belongs. Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use,the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted. If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.

	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.

	Pensions
	Contributions to defined contribution plans are expensed in the period to which they relate.


2	Employees			2025		2024
Number					Number

	Average number of persons employed by the company			0		0


3	Tangible fixed assets
		Plant & machinery		Fixture and fittings		Total
£			£		£
	Cost
	At 1 April 2024	1,406		-		1,406
	Additions	-		6,461		6,461
	At 31 March 2025	1,406		6,461		7,867

	Depreciation
	At 1 April 2024	936		-		936
	Charge for the year	157		1,163		1,320
	At 31 March 2025	1,093		1,163		2,256

	Net book value
	At 31 March 2025	313		5,298		5,611
	At 31 March 2024	470		-		470


4	Investments

Other
investments
£
	Fairvalue
	At 1 April 2024					350,000

	At 31 March 2025					350,000


5	Debtors			2025		2024
£					£

	Trade debtors			-		1,500
	Other debtors			1,032		818
				1,032		2,318


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

	Trade creditors			-		120
	Taxation and social security costs			-		1,347
	Other creditors			-		6,055
				-		7,522


7	Revaluation reserve			2025		2024
£					£

	At 1 April 2024			235,193		235,193

	At 31 March 2025			235,193		235,193


8	Other information

	AREA PROPERTIES LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
	211 Station Road
	Harrow
	England
	HA1 2TP