AW Edwards Property Limited - Accounts to registrar (filleted) - small 23.2.5

AW Edwards Property Limited

Unaudited Financial Statements for the Year Ended 31 July 2023

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Edwards

Miss K E Edwards

REGISTERED OFFICE:

75 2 Brewery Lane

Wharf House

Twickenham

TW1 1AX

REGISTERED NUMBER:

12085608 (England and Wales)

ACCOUNTANTS:

Matthews Sutton & Co Ltd

Chartered Certified Accountants

48 - 52 Penny Lane

Mossley Hill

Liverpool

Merseyside

L18 1DG

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

220,000

230,000

220,000

230,000

CURRENT ASSETS

Cash at bank

15,849

5,507

CREDITORS

Amounts falling due within one year

6

173,914

167,549

NET CURRENT LIABILITIES

(158,065

)

(162,042

)

TOTAL ASSETS LESS CURRENT LIABILITIES

61,935

67,958

PROVISIONS FOR LIABILITIES

10,950

12,850

NET ASSETS

50,985

55,108

CAPITAL AND RESERVES

Called up share capital

100

100

Fair value reserve

7

46,682

54,782

Retained earnings

4,203

226

SHAREHOLDERS' FUNDS

50,985

55,108

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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 26 March 2024 and were signed on its behalf by:

A Edwards - Director

Miss K E Edwards - Director

1.	STATUTORY INFORMATION

AW Edwards Property 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.

Turnover

Turnover is rents received.

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 etc

-

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 August 2022

and 31 July 2023

799

DEPRECIATION

At 1 August 2022

and 31 July 2023

799

NET BOOK VALUE

At 31 July 2023

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 August 2022

230,000

Revaluations

(10,000

)

At 31 July 2023

220,000

NET BOOK VALUE

At 31 July 2023

220,000

At 31 July 2022

230,000

The properties were valued by the directors on an open market basis.

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2023

2022

£

£

Taxation and social security

1,871

405

Other creditors

172,043

167,144

173,914

167,549

7.

RESERVES

Fair

value

reserve

£

At 1 August 2022

54,782

Fair value reserve

(8,100

)

At 31 July 2023

46,682

8.	ULTIMATE CONTROLLING PARTY

By virtue of the share ownership split of the company, it is the opinion of the directors that there is no ultimate controlling party.