REGISTERED NUMBER: 00514281 (England and Wales)

A G EDGECOMBE PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Mrs C Kendrick

Mrs A S Boston

SECRETARY:

Mrs C Kendrick

REGISTERED OFFICE:

7 Sandy Court

Ashleigh Way

Plymouth

Devon

PL7 5JX

REGISTERED NUMBER:

00514281 (England and Wales)

ACCOUNTANTS:

Wilson Partners Limited

Chartered Accountants

7 Sandy Court

Ashleigh Way

Langage Business Park

Plymouth

Devon

PL7 5JX

FIXED ASSETS

Tangible assets

5

-

-

Investment property

6

3,275,000

1,987,000

3,275,000

1,987,000

CURRENT ASSETS

Debtors

49,481

491

Cash at bank

138,757

163,161

188,238

163,652

CREDITORS

Amounts falling due within one year

276,035

255,734

NET CURRENT LIABILITIES

(87,797

)

(92,082

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,187,203

1,894,918

PROVISIONS FOR LIABILITIES

250,000

-

NET ASSETS

2,937,203

1,894,918

CAPITAL AND RESERVES

Called up share capital

8,724

8,724

Capital redemption reserve

238

238

Retained earnings

2,928,241

1,885,956

SHAREHOLDERS' FUNDS

2,937,203

1,894,918

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2025 in accordance with Section 444(2A) of the Companies Act 2006.

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 18 November 2025 and were signed on its behalf by:

Mrs A S Boston - Director

1.	STATUTORY INFORMATION

A G Edgecombe 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.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention in accordance with the applicable United Kingdom accounting standards, including Financial Reporting Standard 102 - The Financial Reporting Standard and the Companies Act 2006.

The financial statements present information about the company as an individual entity and not as a group. The company has not prepared consolidated financial statements as it qualifies for exemption under Section 400 of the Companies Act 2006, on the grounds that the subsidiary undertaking is dormant and the group is not of material significance for the purposes of consolidated reporting.

Related party exemption

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover

Turnover represents rental income due to the company. Income is recognised in accordance with the rental agreements for each property/site.

Tangible fixed assets

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

Computer equipment

-

33% on cost

No depreciation is charged on investments or freehold properties.

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Impairment of assets

At each reporting date fixed assets are reviewed to determine whether there is any indication that those assets have suffered an impairment loss. If there is an indication of possible impairment, the recoverable amount of any affected asset is estimated and compared with its carrying amount. If estimated recoverable amount is lower, the carrying amount is reduced to its estimated recoverable amount, and an impairment loss is recognised immediately in profit or loss.

If an impairment loss subsequently reverses, the carrying amount of the asset is increased to the revised estimate of its recoverable amount, but not in excess of the amount that would have been determined had no impairment loss been recognised for the asset in prior years. A reversal of an impairment loss is recognised immediately in profit or loss.

Investment property

Investment properties are shown at their open market value as carried out by the directors latest valuation and considered for impairment annually by the directors. Any gain or loss arising from the annual revaluations is recognised in the profit and loss account.

Debtors

Short term debtors are measured at transaction price, less any impairment.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Fixed asset investments

Investments held in unit trusts are shown at their open market value. Any gain or loss arising in the year is taken to the profit and loss account. The surplus/deficit arising from the annual revaluation is recognised in the profit and loss account.

Taxation

Current tax is recognised for the amount of income tax payable in respect of the taxable profit for the current or past reporting periods using the tax rates and laws that have been enacted or substantively enacted by the reporting date.

Deferred tax is recognised in respect of all timing differences at the reporting date, except as otherwise indicated.

Deferred tax assets are only recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. If and when all conditions for retaining tax allowances for the cost of a fixed asset have been met, the deferred tax is reversed.

Deferred tax is calculated using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

The tax expense (income) is presented either in profit or loss, other comprehensive income or equity depending on the transaction that resulted in the tax expense (income).

Provisions for liabilities

Provisions are recognised when the Company has a present (legal or constructive) obligation as a result of a past event; it is probable that an outflow of resources will be required to settle the obligation; and the amount of the obligation can be estimated reliably.

The amount recognised as a provision is the best estimate of the consideration required to settle the present recognised as a provision is the best estimate of the consideration required to settle the present obligation at the end of the reporting period, taking into account the risks and uncertainties surrounding the obligation.

Where the effect of the time value of money is material, the amount expected to be required to settle the obligation is recognised at present value using a pre-tax discount rate. The unwinding of the discount is recognised as a finance costs in profit or loss in the period it arises.

The Company recognises a provision for annual leave accrued by employees for services rendered in the current period, and which employees are entitled to carry forward and use within the next 12 months, measured at the salary costs payable for the period of absence.

Dilapidation

In the year the sum of £268,000 was received from a tenant in respect of dilapidation costs.

4.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2024 - 4 ) .

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 April 2024

and 31 March 2025

525

DEPRECIATION

At 1 April 2024

and 31 March 2025

525

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

6.	INVESTMENT PROPERTY

The company holds investment properties which have been revalued at market value, in accordance with FRS 102 Section 16. The property is not depreciated but is reviewed annually, with changes in market value recognised in the profit and loss account.

The investment properties have been revalued using market evidence, the opinion of the directors and an independent valuation from Listers Residential and Commercial estate agents.

Description Amount (£)

Original Cost 994,310

2004 Revaluation 492,578

2007 Revaluation 410,000

2010 Revaluation (44,888)

2022 Revaluation 135,000

2025 Revaluation 1,288,000

Market Value at year end 3,275,000

Deferred Tax

A deferred tax liability has been recognised in respect of the market value uplift on the investment properties. This reflects the temporary difference between the carrying amount of the asset and its tax base cost.

This has given rise to a deferred tax provision of £250,000.

7.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

-

56,780