Aftongreen Retail Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 02879712 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2020

for

Aftongreen Retail Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Chartered Accountants' Report

7

DIRECTORS:

R T Crow

N R Briggs

REGISTERED OFFICE:

c/o Langricks

Aus-Bore House

19-25 Manchester Road

Wilmslow

Cheshire

SK9 1BQ

REGISTERED NUMBER:

02879712 (England and Wales)

ACCOUNTANTS:

Langricks Limited

Aus-Bore House

19-25 Manchester Road

Wilmslow

Cheshire

SK9 1BQ

FIXED ASSETS

Investment property

4

667,000

864,337

CURRENT ASSETS

Debtors

5

84,002

1,933

Cash at bank and in hand

5,807

22,432

89,809

24,365

CREDITORS

Amounts falling due within one year

6

(90,860

)

(103,962

)

NET CURRENT LIABILITIES

(1,051

)

(79,597

)

TOTAL ASSETS LESS CURRENT LIABILITIES

665,949

784,740

CREDITORS

Amounts falling due after more than one year

7

-

(30,855

)

PROVISIONS FOR LIABILITIES

(51,352

)

(74,840

)

NET ASSETS

614,597

679,045

CAPITAL AND RESERVES

Called up share capital

2

2

Non-distributable reserves

226,036

319,053

Retained earnings

388,559

359,990

614,597

679,045

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2020 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 6 April 2021 and were signed on its behalf by:

N R Briggs - Director

1.	STATUTORY INFORMATION

Aftongreen Retail 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.

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.

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.

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 2 (2019 - 2 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2020

864,337

Disposals

(165,000

)

Revaluations

(32,337

)

At 31 December 2020

667,000

NET BOOK VALUE

At 31 December 2020

667,000

At 31 December 2019

864,337

Fair value at 31 December 2020 is represented by:

£

Valuation in 2003

182,027

Valuation in 2014

184,841

Valuation in 2015

12,000

Valuation in 2016

130,000

Valuation in 2017

(89,901

)

Valuation in 2018

22,674

Valuation in 2019

(47,748

)

Valuation in 2020

(114,837

)

Cost

387,944

667,000

Investment property has been valued during the year by an independent qualified valuer.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Other debtors

84,002

1,933

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans and overdrafts

-

4,776

Trade creditors

-

435

Taxation and social security

1,316

8,193

Other creditors

89,544

90,558

90,860

103,962

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.12.20

31.12.19

£

£

Bank loans

-

30,855

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

-

11,750

8.	RELATED PARTY DISCLOSURES

At the year end, £42,504 is owed to the company from the parent company. No interest is charged on this amount.

9.	ULTIMATE CONTROLLING PARTY

The ultimate controlling party is N R Briggs.

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Aftongreen Retail Limited for the year ended 31 December 2020 which comprise the Income Statement, Balance Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of Aftongreen Retail Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Aftongreen Retail Limited and state those matters that we have agreed to state to the Board of Directors of Aftongreen Retail Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Aftongreen Retail Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that Aftongreen Retail Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Aftongreen Retail Limited. You consider that Aftongreen Retail Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Aftongreen Retail Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Langricks Limited

Aus-Bore House

19-25 Manchester Road

Wilmslow

Cheshire

SK9 1BQ

6 April 2021