Austin Property Management Limited - Accounts to registrar (filleted) - small 23.2.5

REGISTERED NUMBER: 02565263 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 DECEMBER 2023

FOR

AUSTIN PROPERTY MANAGEMENT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

Ms W S Costello

B N Silongoi

Ms N R Calisi

SECRETARY:

Ms N R Calisi

REGISTERED OFFICE:

First Floor

677 High Road

North Finchley

London

N12 0DA

REGISTERED NUMBER:

02565263 (England and Wales)

ACCOUNTANTS:

Bramil Associates LLP

First Floor

677 High Road

North Finchley

London

N12 0DA

FIXED ASSETS

Tangible assets

4

176,911

176,967

CURRENT ASSETS

Cash at bank

11,886

11,305

CREDITORS

Amounts falling due within one year

5

176,097

184,778

NET CURRENT LIABILITIES

(164,211

)

(173,473

)

TOTAL ASSETS LESS CURRENT LIABILITIES

12,700

3,494

CAPITAL AND RESERVES

Called up share capital

3

2

Retained earnings

12,697

3,492

SHAREHOLDERS' FUNDS

12,700

3,494

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 17 April 2024 and were signed on its behalf by:

Ms W S Costello - Director

1.	STATUTORY INFORMATION

Austin Property Management 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets

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

Fixtures and fittings

-

25% on reducing balance

Deferred taxation

Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.

Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the asset.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

Land and

machinery

buildings

etc

Totals

£

£

£

COST

At 1 January 2023

and 31 December 2023

176,688

566

177,254

DEPRECIATION

At 1 January 2023

-

287

287

Charge for year

-

56

56

At 31 December 2023

-

343

343

NET BOOK VALUE

At 31 December 2023

176,688

223

176,911

At 31 December 2022

176,688

279

176,967

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.23

31.12.22

£

£

Trade creditors

-

(1

)

Taxation and social security

2,054

1,816

Other creditors

174,043

182,963

176,097

184,778