Aframe Properties Ltd - Accounts to registrar (filleted)

REGISTERED NUMBER: 13786694 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2025

for

Aframe Properties Ltd

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Property, plant and equipment

4

4,843

80,552

Investment property

5

740,000

640,000

744,843

720,552

CURRENT ASSETS

Debtors

6

95,130

20,661

Cash at bank

73,739

7,843

168,869

28,504

CREDITORS

Amounts falling due within one year

7

4,020

1,554

NET CURRENT ASSETS

164,849

26,950

TOTAL ASSETS LESS CURRENT
LIABILITIES

909,692

747,502

CREDITORS

Amounts falling due after more than
one year

8

(795,567

)

(670,541

)

PROVISIONS FOR LIABILITIES

(18,602

)

(13,680

)

NET ASSETS

95,523

63,281

CAPITAL AND RESERVES

Called up share capital

10

100

Fair value reserve

11

79,304

58,321

Retained earnings

16,119

4,860

SHAREHOLDERS' FUNDS

95,523

63,281

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 by the Board of Directors and authorised for issue on 25 July 2026 and were signed on its behalf by:

Mr Ard Mulder - Director

1.	STATUTORY INFORMATION

Aframe Properties Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

13786694

Registered office:

01 Meadlake Place

Thorpe Lea Road

Egham

Surrey

TW20 8HE

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 as modified by the revaluation of certain assets.

Turnover

Turnover represents the fair value of rent received or receivable from the leasehold properties, 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.

Freehold property

-

0% on cost

Fixtures and fittings

-

20% on cost

Investment property

The investment properties are shown at their fair market valuation that it exists on the balance sheet date. 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.	PROPERTY, PLANT AND EQUIPMENT

Fixtures

Freehold

and

property

fittings

Totals

£

COST

At 1 January 2025

74,095

8,071

82,166

Reclassification/transfer

(74,095

)

-

(74,095

)

At 31 December 2025

-

8,071

DEPRECIATION

At 1 January 2025

-

1,614

Charge for year

-

1,614

At 31 December 2025

-

3,228

NET BOOK VALUE

At 31 December 2025

-

4,843

At 31 December 2024

74,095

6,457

80,552

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2025

640,000

Revaluations

25,905

Reclassification/transfer

74,095

At 31 December 2025

740,000

NET BOOK VALUE

At 31 December 2025

740,000

At 31 December 2024

640,000

Investment property situated at 13 and 15 Victoria Street, Hebburn, NE31 1DY is under a charge from Hampshire Trust Bank PLC. The charge was created on 7 May 2025.

Fair value at 31 December 2025 is represented by:

£

Valuation in 2022

11,606

Valuation in 2023

68,659

Valuation in 2024

(8,265

)

Valuation in 2025

25,905

Cost

642,095

740,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Other debtors

95,130

20,661

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.25

31.12.24

£

Taxation and social security

3,019

658

Other creditors

1,001

896

4,020

1,554

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR

31.12.25

31.12.24

£

Bank loans

113,187

-

Other creditors

682,380

670,541

795,567

670,541

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

113,187

-

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.12.25

31.12.24

£

Bank loans

113,187

-

The loan amounting to 113,187 is secured by the way of charge on the property situated at 13 and 15 Victoria Street, Hebburn, NE31 1DY (disclosed as investment property). The charge was created in the name of Hampshire Trust Bank PLC on 7 May 2025.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.25

31.12.24

value:

£

100

Ordinary

£1

100

11.

RESERVES

Fair

value

reserve

£

At 1 January 2025

58,321

Transfer to/from reserves

20,983

At 31 December 2025

79,304

12.	RELATED PARTY DISCLOSURES

The company owes £448 (2024: £448) to its director, Mr Ard Mulder as at accounting year end date.

The company owes £448 (2024: £448) to its director, Mrs Marjolein Pronk as at accounting year end date.

The company owes £633,828 including €718,000 (2024: £622,831 including €718,000) to Aframe Holding B.V., a company registered in Netherlands (Company registered number: 71148299), who is also a sole shareholder of the company as at accounting year end date.