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Registered number: 01641930
Aldens Properties Ltd.
Unaudited Financial Statements
For The Year Ended 30 June 2025
Kenyon & Co
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—6
Page 1
Balance Sheet
Registered number: 01641930
2025 2024
Notes £ £ £ £
FIXED ASSETS
Tangible Assets 5 39,004 48,303
Investment Properties 6 1,300,000 1,300,000
1,339,004 1,348,303
CURRENT ASSETS
Debtors 7 60,972 101,940
Cash at bank and in hand 49,062 21,543
110,034 123,483
Creditors: Amounts Falling Due Within One Year 8 (62,689 ) (60,408 )
NET CURRENT ASSETS (LIABILITIES) 47,345 63,075
TOTAL ASSETS LESS CURRENT LIABILITIES 1,386,349 1,411,378
Creditors: Amounts Falling Due After More Than One Year 9 (31,088 ) (40,167 )
PROVISIONS FOR LIABILITIES
Deferred Taxation (72,489 ) (74,150 )
NET ASSETS 1,282,772 1,297,061
CAPITAL AND RESERVES
Called up share capital 84,000 84,000
Share premium account 17,000 17,000
Other reserves 584,124 584,124
Profit and Loss Account 597,648 611,937
SHAREHOLDERS' FUNDS 1,282,772 1,297,061
Page 1
Page 2
For the year ending 30 June 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.
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 York
Director
Mrs Rebecca York
Director
7 January 2026
The notes on pages 3 to 6 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
Aldens Properties Ltd. is a private company, limited by shares, incorporated in England & Wales, registered number 01641930 . The registered office is 1 Aldens Business Court, 7a Chudleigh Road, Alphington,, Exeter, Devon, EX2 8TS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Turnover
Turnover is recognised at fair value of the consideration received or receivable for rents and services provided in the normal course of business, and is shown net of VAT and other sales related taxes.
2.3. Intangible Fixed Assets and Amortisation - Goodwill
Goodwill is the difference between amounts paid on the acquisition of a business and the fair value of the separable net assets. It is amortised to profit and loss account over its estimated economic life of 20 years.
2.4. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery 15% reducing balance
Motor Vehicles 20% reducing balance
Fixtures & Fittings 15% reducing balance
Computer Equipment 25% straight line
2.5. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
2.6. Leasing and Hire Purchase Contracts
Assets obtained under finance leases are capitalised as tangible fixed assets. Assets acquired under finance leases are depreciated over the shorter of the lease term and their useful lives. Assets acquired under hire purchase contracts are depreciated over their useful lives. Finance leases are those where substantially all of the benefits and risks of ownership are assumed by the company. Obligations under such agreements are included in the creditors net of the finance charge allocated to future periods. The finance element of the rental payment is charged to the profit and loss account so as to produce a constant periodic rate of charge on the net obligation outstanding in each period.
Rentals applicable to operating leases where substantially all of the benefits and risks of ownership remain with the lessor are charged to the profit and loss account as incurred.
2.7. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
...CONTINUED
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Page 4
2.7. Taxation - continued
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current and deferred tax are recognised in profit or loss for the year, except when they relate to items that are recognised in other comprehensive income or directly in equity, in which case current and deferred tax are recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees including directors 2 (2024: 2)
2 2
4. Intangible Assets
Goodwill
£
Cost
As at 1 July 2024 70,000
As at 30 June 2025 70,000
Amortisation
As at 1 July 2024 70,000
As at 30 June 2025 70,000
Net Book Value
As at 30 June 2025 -
As at 1 July 2024 -
5. Tangible Assets
Plant & Machinery Motor Vehicles Fixtures & Fittings Computer Equipment Total
£ £ £ £ £
Cost
As at 1 July 2024 1,340 55,244 11,932 10,326 78,842
Additions - - 1,206 - 1,206
As at 30 June 2025 1,340 55,244 13,138 10,326 80,048
Depreciation
As at 1 July 2024 1,340 11,049 11,760 6,390 30,539
Provided during the period - 8,839 265 1,401 10,505
As at 30 June 2025 1,340 19,888 12,025 7,791 41,044
Net Book Value
As at 30 June 2025 - 35,356 1,113 2,535 39,004
As at 1 July 2024 - 44,195 172 3,936 48,303
Page 4
Page 5
6. Investment Property
2025
£
Fair Value
As at 1 July 2024 and 30 June 2025 1,300,000
If investment property had been accounted for under historical cost accounting rules, the amounts would be:
2025 2024
£ £
Cost 648,735 1,300,000
7. Debtors
2025 2024
£ £
Due within one year
Trade debtors 22,233 17,377
Other debtors 16,503 11,503
Directors' loan account 5,632 69,576
Corporation tax recoverable assets 3,484 3,484
Amounts owed by associates 13,120 -
60,972 101,940
8. Creditors: Amounts Falling Due Within One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 3,428 1,993
Trade creditors 2,047 864
Bank loans and overdrafts - 6,204
Corporation tax 12,482 7,845
VAT 5,665 3,335
Other creditors 2,400 2,400
Accruals and deferred income 36,667 37,767
62,689 60,408
9. Creditors: Amounts Falling Due After More Than One Year
2025 2024
£ £
Net obligations under finance lease and hire purchase contracts 31,088 34,516
Bank loans - 5,651
31,088 40,167
Page 5
Page 6
10. Obligations Under Finance Leases and Hire Purchase
2025 2024
£ £
The future minimum finance lease payments are as follows:
Not later than one year 3,428 1,993
Later than one year and not later than five years 31,088 34,516
34,516 36,509
34,516 36,509
11. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 July 2024 Amounts advanced Amounts repaid Amounts written off As at 30 June 2025
£ £ £ £ £
Mr Anthony York 69,576 65,632 (129,576 ) - 5,632
The company continued to make loans to the directors. The amounts drawn were money withdrawn and personal expenses incurred. The amounts credited to the loan accounts being cash repaid, unpaid directors remuneration and dividends credited.
The loan to the directors was unsecured and repayable on demand.
Page 6