Registration number: 04601109

AGB Properties (Woking) Limited

Contents

Company Information	1
Balance Sheet	2 to 3
Notes to the Unaudited Financial Statements	4 to 8

AGB Properties (Woking) Limited

Company Information

Directors

A S Franks R Bloom A G Bloom

Company secretary

R Bloom

Registered office

Maria House 35 Millers Road Brighton BN1 5NP

Accountants

Chisnall Comer Ismail & Co Chartered AccountantsMaria House 35 Millers Road Brighton BN1 5NP

AGB Properties (Woking) Limited

(Registration number: 04601109)
Balance Sheet as at 30 November 2024

	Note	2024 £	2023 £
Fixed assets
Tangible assets	4	14,319	19,091
Investment property	5	98,383,052	98,383,052
		98,397,371	98,402,143
Current assets
Debtors	6	37,552,633	5,728,569
Cash at bank and in hand		2,050,759	3,397,107
		39,603,392	9,125,676
Creditors: Amounts falling due within one year	7	(116,431,870)	(88,130,166)
Net current liabilities		(76,828,478)	(79,004,490)
Total assets less current liabilities		21,568,893	19,397,653
Provisions for liabilities		(1,071,371)	(1,071,371)
Net assets		20,497,522	18,326,282
Capital and reserves
Called up share capital	9	100	100
Revaluation reserve		3,695,803	3,695,803
Retained earnings		16,801,619	14,630,379
Shareholders' funds		20,497,522	18,326,282

For the financial year ending 30 November 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

AGB Properties (Woking) Limited

(Registration number: 04601109)
Balance Sheet as at 30 November 2024

Approved and authorised by the Board on 17 November 2025 and signed on its behalf by:



 

.........................................

A S Franks

Director

AGB Properties (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
Maria House
35 Millers Road
Brighton
BN1 5NP

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

AGB Properties (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

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

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Plant and Machinery	25% Reducing Balance

Investment property

Investment property is carried at fair value. Gains are recognised in the profit and loss account. Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

Non Distributable Reserve

The aggregate fair value adjustments relating to movements in the value of the company's investment properties are transferred at the end of each period, net of deferred tax, from the profit and loss reserve to the non-distributable reserve.

On disposal of investment property the aggregate fair value adjustment is transferred back to the profit and loss reserves and the deferred tax provision is transferred to the current tax liabilities.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 3 (2023 - 4).

AGB Properties (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

4	Tangible assets

	Other tangible assets £	Total £
Cost or valuation
At 1 December 2023	121,046	121,046
At 30 November 2024	121,046	121,046
Depreciation
At 1 December 2023	101,955	101,955
Charge for the year	4,772	4,772
At 30 November 2024	106,727	106,727
Carrying amount
At 30 November 2024	14,319	14,319
At 30 November 2023	19,091	19,091

5	Investment properties

	2024 £
At 1 December	98,383,052
At 30 November	98,383,052

Investment property is carried at fair value.Gains are recognised in profit or loss.Deferred tax is provided on these gains at the rate expected to apply when the property is sold.

6

Debtors

Current	Note	2024 £	2023 £
Trade debtors		307,767	136,302
Amounts owed by related parties	8	28,761,640	-
Prepayments		75,888	52,725
Other debtors		8,407,338	5,539,542
		37,552,633	5,728,569

AGB Properties (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

7

Creditors

Creditors: amounts falling due within one year

	2024 £	2023 £
Due within one year
Trade creditors	21,600	12,090
Taxation and social security	386,172	842,398
Accruals and deferred income	274,096	332,315
Other creditors	115,750,002	86,943,363
	116,431,870	88,130,166

AGB Properties (Woking) Limited

Notes to the Unaudited Financial Statements for the Year Ended 30 November 2024

8	Related party transactions

Directors' remuneration

The directors' remuneration for the year was as follows:

	2024 £	2023 £
Remuneration	10,855	106,651

Summary of transactions with all entities with joint control or significant interest

Mr R Bloom and Mrs W Bloom trading as Deanway Properties
A partnership in which Mr R Bloom, the director has a 50% interest. The amount due to the related party at the balance sheet date was £90,000 (2024: £45,000).
AGB Reading 2020 Ltd
Mr A G Bloom is a director of both companies.
At the balance sheet date, the amount due from the above company was £28,761,640 (2024: nil).

9	Share capital

Allotted, called up and fully paid shares

	2024		2023
	No.	£	No.	£
Ordinary of £1 each	100	100	100	100