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REGISTERED NUMBER: 00794545 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 5 APRIL 2022

FOR

ALLANETTE INVESTMENTS LIMITED

ALLANETTE INVESTMENTS LIMITED (REGISTERED NUMBER: 00794545)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


ALLANETTE INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 5 APRIL 2022







DIRECTORS: Mr A Kaye
Mrs A Davies





REGISTERED OFFICE: 869 High Road
North Finchley
London
N12 8QA





REGISTERED NUMBER: 00794545 (England and Wales)





ACCOUNTANTS: EA
Chartered Accountants
869 High Road
London
N12 8QA

ALLANETTE INVESTMENTS LIMITED (REGISTERED NUMBER: 00794545)

STATEMENT OF FINANCIAL POSITION
5 APRIL 2022

2022 2021
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1 1
Investment property 5 201,000 183,125
201,001 183,126

CURRENT ASSETS
Debtors 6 17,170 17,946
Cash at bank and in hand 53,199 50,460
70,369 68,406
CREDITORS
Amounts falling due within one year 7 2,727 2,780
NET CURRENT ASSETS 67,642 65,626
TOTAL ASSETS LESS CURRENT
LIABILITIES

268,643

248,752

PROVISIONS FOR LIABILITIES 35,700 32,300
NET ASSETS 232,943 216,452

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserves 154,144 139,669
Retained earnings 78,797 76,781
SHAREHOLDERS' FUNDS 232,943 216,452

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 5 April 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 5 April 2022 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 13 September 2022 and were signed on its behalf by:





Mr A Kaye - Director


ALLANETTE INVESTMENTS LIMITED (REGISTERED NUMBER: 00794545)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 5 APRIL 2022

1. STATUTORY INFORMATION

Allanette Investments 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 represents the amount derived from rents receivable from property owned by the company.

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.

Investment property
Investment properties are carried at fair value. Revaluation surpluses are recognised in the income statement. Deferred Taxation is provided on these gains at the rate expected to apply when the properties are sold. No depreciation is provided in respect of investment properties.

The Companies Act 2006 requires all properties to be depreciated. However, this requirement conflicts with the generally accepted accounting principle set out in FRS 102 (Section 1A). The directors consider that, because these properties are not held for consumption but for their investment potential, to depreciate them would not give a true and fair view and that it is necessary to adopt FRS 102 (Section 1A) in order to give a true and fair view. If this departure from the Act had not been made, the profit for the financial year would have been decreased by the amount of depreciation.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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 2 (2021 - 2 ) .

ALLANETTE INVESTMENTS LIMITED (REGISTERED NUMBER: 00794545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 6 April 2021
and 5 April 2022 230
DEPRECIATION
At 6 April 2021
and 5 April 2022 229
NET BOOK VALUE
At 5 April 2022 1
At 5 April 2021 1

5. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 6 April 2021 183,125
Revaluations 17,875
At 5 April 2022 201,000
NET BOOK VALUE
At 5 April 2022 201,000
At 5 April 2021 183,125

Cost or valuation at 5 April 2022 is represented by:
£   
Valuation in 2022 189,844
Cost 11,156
201,000

If Investment properties had not been revalued they would have been included at the following historical cost:

2022 2021
£    £   
Cost 11,156 11,156

Investment properties were valued on a fair value basis on 5 April 2022 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Trade debtors 16,870 16,894
Other debtors 300 1,052
17,170 17,946

ALLANETTE INVESTMENTS LIMITED (REGISTERED NUMBER: 00794545)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 5 APRIL 2022

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2022 2021
£    £   
Taxation and social security 543 596
Other creditors 2,184 2,184
2,727 2,780

8. ULTIMATE CONTROLLING PARTY

During the year under review, there was no ultimate controlling party.