REGISTERED NUMBER: 01649941 (England and Wales)

A.F.D. (PROPERTIES) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A M Dwyer

SECRETARY:

Mrs D M Henry

REGISTERED OFFICE:

3rd Floor

Marlborough House

298 Regents Park Road

Finchley

London

N3 2SZ

REGISTERED NUMBER:

01649941 (England and Wales)

ACCOUNTANTS:

Beavis Morgan LLP

3rd Floor

Marlborough House

298 Regents Park Road

Finchley

London

N3 2SZ

FIXED ASSETS

Tangible assets

4

1,255

1,674

Investments

5

75,000

75,000

Investment property

6

1,090,000

1,113,712

1,166,255

1,190,386

CURRENT ASSETS

Stocks

260,115

-

Debtors

7

437,615

161,129

Cash at bank

542,295

1,348,186

1,240,025

1,509,315

CREDITORS

Amounts falling due within one year

8

34,206

92,145

NET CURRENT ASSETS

1,205,819

1,417,170

TOTAL ASSETS LESS CURRENT LIABILITIES

2,372,074

2,607,556

CREDITORS

Amounts falling due after more than one year

9

122,549

175,104

NET ASSETS

2,249,525

2,432,452

CAPITAL AND RESERVES

Called up share capital

10

76

76

Fair value reserve

11

(314,307

)

(290,595

)

Capital redemption reserve

24

24

Retained earnings

2,563,732

2,722,947

SHAREHOLDERS' FUNDS

2,249,525

2,432,452

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

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

The director acknowledges his 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18 August 2026 and were signed by:

Mr A M Dwyer - Director

1.	STATUTORY INFORMATION

A.F.D. (Properties) Limited 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 statements is the Pound Sterling (£).

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.

Key source of estimation, uncertainty and judgement

The preparation of financial statements in conformity with generally accepted accounting practice requires management to make estimates and judgement that affect the reported amounts of assets and liabilities as well as the disclosure of contingent assets and liabilities at the balance sheet date and the reported amounts of revenues and expenses during the reporting period.

There is estimation uncertainty in calculating depreciation. A full line by line review of fixed assets is carried out by management regularly. Whilst every attempt is made to ensure that the depreciation policy is as accurate as possible, there remains a risk that the policy does not match the useful life of the assets.

There is estimation uncertainty in calculating deferred tax. A full line by line review of deferred tax is carried out by management regularly. Whilst every attempt is made to ensure that the deferred tax is accurate as possible, there remains a risk that the provisions do not match the actual tax liability when asset is disposed off.

There is estimation uncertainty in calculating bad debt provisions. A full line by line review of trade debtors is carried out at the end of each month. Whilst every attempt is made to ensure that the bad debt provisions are as accurate as possible, there remains a risk that the provisions do not match the level of debts which ultimately prove to be uncollectable.

Turnover

Rental income is recognised on an accrual basis and accounted for when due.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

Computer equipment

-

33% on cost

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.

Stocks

Work in progress is valued at the lower of cost and net realisable value.

Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

Financial instruments

Financial assets and financial liabilities are recognised in the balance sheet when the company becomes a party to the contractual provisions of the instrument.

Trade and other debtors and creditors are classified as basic financial instruments and measured at initial recognition at transaction price. Debtors and creditors are subsequently measured at amortised cost using the effective interest rate method. A provision is established when there is objective evidence that the company will not be able to collect all amounts due.

Cash and cash equivalents are classified as basic financial instruments and comprise cash in hand and at bank and bank overdrafts which are integral part of the company’s cash management.

Financial liabilities and equity instruments issued by the company are classified in accordance with the substance of the contractual arrangements entered into and the definitions of a financial liability and an equity instrument. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and Loss Account, 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.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2024 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Plant and

and

Computer

machinery

fittings

equipment

Totals

£

£

£

£

COST

At 1 September 2024

and 31 August 2025

3,971

2,701

2,175

8,847

DEPRECIATION

At 1 September 2024

3,151

1,847

2,175

7,173

Charge for year

205

214

-

419

At 31 August 2025

3,356

2,061

2,175

7,592

NET BOOK VALUE

At 31 August 2025

615

640

-

1,255

At 31 August 2024

820

854

-

1,674

5.	FIXED ASSET INVESTMENTS

Other

investments

£

COST

At 1 September 2024

and 31 August 2025

75,000

NET BOOK VALUE

At 31 August 2025

75,000

At 31 August 2024

75,000

The company holds investments in the following unlisted companies registered in England and Wales :-

CLASS OF SHARE PROPORTION HELD

Alban Preschool Limited Ordinary A 100%

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2024

1,113,712

Revaluations

(23,712

)

At 31 August 2025

1,090,000

NET BOOK VALUE

At 31 August 2025

1,090,000

At 31 August 2024

1,113,712

Fair value at 31 August 2025 is represented by:

£

Valuation in 2023

(290,595

)

Valuation in 2025

(23,712

)

Cost

1,404,307

1,090,000

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade debtors

12,500

62,500

Other debtors

425,115

98,629

437,615

161,129

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Taxation and social security

29,375

4,530

Other creditors

4,831

87,615

34,206

92,145

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Other creditors

122,549

175,104

Included above in Other creditors is an amount of £122,549 (2024 : £175,104) which are non voting redeemable shares.

During the year, 52,555 non voting redeemable shares of £1 each were redeemed at par.

The redeemable shares are redeemable at par at the company's option before 31 August 2050.

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

5

Ordinary

£1

5

5

61

Ordinary A

£1

61

61

5

Ordinary B

£1

5

5

5

Ordinary C

£1

5

5

76

76

The shares rank pari-passu.

11.

RESERVES

Fair

value

reserve

£

At 1 September 2024

(290,595

)

Movement in current year

(23,712

)

At 31 August 2025

(314,307

)