Company No:
Contents
Note | 2022 | 2021 | ||
£ | £ | |||
Fixed assets | ||||
Tangible assets | 3 |
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Investment property | 4 |
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156,271 | 146,933 | |||
Current assets | ||||
Debtors | 5 |
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Cash at bank and in hand |
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415,441 | 25,592 | |||
Creditors: amounts falling due within one year | 6 | (
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Net current assets/(liabilities) | 305,497 | (103,202) | ||
Total assets less current liabilities | 461,768 | 43,731 | ||
Creditors: amounts falling due after more than one year | 7 | (
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Net assets/(liabilities) |
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Capital and reserves | ||||
Called-up share capital | 8 |
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Share premium account |
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Profit and loss account | (
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Total shareholders' funds/(deficit) |
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Directors' responsibilities:
The financial statements of Agile Property and Homes Limited (registered number:
S P Edrich
Director |
The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.
Agile Property and Homes Limited is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Mushroom Management Limited, 3rd Floor, Library Building , Tewkesbury, Gloucestershire GL20 5NX, United Kingdom. The company number is 11893266.
The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council.
The functional currency of Agile Property and Homes Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.
Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.
Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Statement of Income and Retained Earnings in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Statement of Financial Position.
Computer equipment |
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Assets held under finance leases, hire purchase contracts and other similar arrangements, which confer rights and obligations similar to those attached to owned assets, are capitalised as tangible fixed assets at the fair value of the leased asset (or, if lower, the present value of the minimum lease payments as determined at the inception of the lease) and are depreciated over the shorter of the lease terms and their useful lives. The capital elements of future lease obligations are recorded as liabilities, while the interest elements are charged to the Statement of Income and Retained Earnings over the period of the leases to produce a constant periodic rate of interest on the remaining balance of the liability.
Rentals under operating leases are charged on a straight-line basis over the lease term, even if the payments are not made on such a basis. Benefits received and receivable as an incentive to sign an operating lease are similarly spread on a straight-line basis over the lease term.
The fair value is determined annually by the directors, on an open market value for existing use basis.
Government grants are recognised based on the accrual model and are measured at the fair value of the asset received or receivable. Grants are classified as relating either to revenue or to assets. Grants relating to revenue are recognised in income over the period in which the related costs are recognised. Grants relating to assets are recognised over the expected useful life of the asset. Where part of a grant relating to an asset is deferred, it is recognised as deferred income.
2022 | 2021 | ||
Number | Number | ||
Monthly average number of persons employed by the Company during the year, including directors |
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Computer equipment | Total | ||
£ | £ | ||
Cost | |||
At 01 July 2021 |
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Additions |
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Disposals | (
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At 30 June 2022 |
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Accumulated depreciation | |||
At 01 July 2021 |
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Charge for the financial year |
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Disposals | (
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At 30 June 2022 |
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Net book value | |||
At 30 June 2022 |
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At 30 June 2021 |
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Investment property | |
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Valuation | |
As at 01 July 2021 |
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As at 30 June 2022 |
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Valuation
The 2022 valuations were made by the director, on an open market value for existing use basis.
If the investment properties had been accounted for under the historic cost accounting rules, the properties would have been at £125,000.
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£ | £ | ||
Trade debtors |
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VAT recoverable |
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£ | £ | ||
Bank loans |
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Trade creditors |
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Amounts owed to directors |
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Accruals |
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Other taxation and social security |
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Other creditors |
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2022 | 2021 | ||
£ | £ | ||
Bank loans (secured £
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2022 | 2021 | ||
£ | £ | ||
Allotted, called-up and fully-paid | |||
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Commitments
Total future minimum lease payments under non-cancellable operating leases are as follows:
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£ | £ | ||
- within one year |
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- between one and five years |
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Transactions with the entity's directors
At the year end £43,571 (2021: £55,977) was owed to a director. The loan is interest free and has no fixed date for repayment.
At the year end £3,944 (2021: £8,944) was owed to a director. The loan is interest free and has no fixed date for repayment.
At the year end £Nil (2021: £5,000) was owed to a director. The loan is interest free and has no fixed date for repayment.