A & F Last Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13682145 (England and Wales)

A & F LAST PROPERTIES LTD

Unaudited Financial Statements

for the Year Ended 31 October 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Dr F R Last

Mr A J Last

REGISTERED OFFICE:

173 Pantbach Road

Cardiff

CF14 1TZ

REGISTERED NUMBER:

13682145 (England and Wales)

ACCOUNTANTS:

MHA (trading name of MHA Advisory Ltd)

Elfed House

Oak Tree Court

Cardiff Gate Business Park

CARDIFF

County of Cardiff

CF23 8RS

FIXED ASSETS

Tangible assets

4

571

1,143

Investment property

5

383,219

383,790

384,362

CURRENT ASSETS

Cash at bank

1,829

1,961

CREDITORS

Amounts falling due within one year

6

(111,241

)

(120,123

)

NET CURRENT LIABILITIES

(109,412

)

(118,162

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

274,378

266,200

CREDITORS

Amounts falling due after more than one year

7

(275,160

)

(275,160

)

NET LIABILITIES

(782

)

(8,960

)

CAPITAL AND RESERVES

Called up share capital

100

Retained earnings

(882

)

(9,060

)

(782

)

(8,960

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved and authorised for issue by the Board of Directors and authorised for issue on 22 May 2026 and were signed on its behalf by:

Mr A J Last - Director

1.	STATUTORY INFORMATION

A & F Last Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

The presentation currency of the financial statement is Pound Sterling (£).

The directors acknowledge the negative reserves for the year and confirm that they believe that the company is still a going concern and the accounts should be prepared on this basis. The Directors confirm their full support to the company financially and believe that the company will be profitable in the next year or two. They acknowledge that no dividend distributions will be made until there are sufficient profits available for that purpose.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Tangible fixed assets are initially measured at cost. After initial recognition, tangible fixed assets are measured at cost less any accumulated depreciation and any accumulated impairment losses.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 November 2024

and 31 October 2025

2,286

DEPRECIATION

At 1 November 2024

1,143

Charge for year

572

At 31 October 2025

1,715

NET BOOK VALUE

At 31 October 2025

571

At 31 October 2024

1,143

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 November 2024

and 31 October 2025

383,219

NET BOOK VALUE

At 31 October 2025

383,219

At 31 October 2024

383,219

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

Other creditors

-

1

Directors' current accounts

109,303

118,303

Deferred income

498

499

Accrued expenses

1,440

1,320

111,241

120,123

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

84 Penybont Road

127,922

27 Ffordd Gerdinan

147,238

275,160

2025

2024

£

Amounts falling due in more than five years:

Repayable by instalments

84 Penybont Road

127,922

27 Ffordd Gerdinan

147,238

275,160