Anglebuy Limited 02237156 false 2022-04-01 2023-03-31 2023-03-31 The principal activity of the company is property investment, development and dealing Digita Accounts Production Advanced 6.30.9574.0 true true 02237156 2022-04-01 2023-03-31 02237156 2023-03-31 02237156 bus:OrdinaryShareClass1 2023-03-31 02237156 core:CurrentFinancialInstruments 2023-03-31 02237156 core:CurrentFinancialInstruments core:WithinOneYear 2023-03-31 02237156 core:FurnitureFittingsToolsEquipment 2023-03-31 02237156 bus:SmallEntities 2022-04-01 2023-03-31 02237156 bus:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 02237156 bus:FullAccounts 2022-04-01 2023-03-31 02237156 bus:SmallCompaniesRegimeForAccounts 2022-04-01 2023-03-31 02237156 bus:RegisteredOffice 2022-04-01 2023-03-31 02237156 bus:Director1 2022-04-01 2023-03-31 02237156 bus:OrdinaryShareClass1 2022-04-01 2023-03-31 02237156 bus:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 02237156 core:FurnitureFittingsToolsEquipment 2022-04-01 2023-03-31 02237156 core:OtherRelatedParties 2022-04-01 2023-03-31 02237156 countries:England 2022-04-01 2023-03-31 02237156 2022-03-31 02237156 2021-04-01 2022-03-31 02237156 2022-03-31 02237156 bus:OrdinaryShareClass1 2022-03-31 02237156 core:CurrentFinancialInstruments 2022-03-31 02237156 core:CurrentFinancialInstruments core:WithinOneYear 2022-03-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 02237156

Anglebuy Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Anglebuy Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Anglebuy Limited

Company Information

Director

R P Ballerino

Registered office

10 Ardmore Way
Guildford
Surrey
GU2 9RR

Accountants

Rouse Accountants
Chartered Certified Accountants
10 Ardmore Way
Guildford
Surrey
GU2 9RR

 

Anglebuy Limited

(Registration number: 02237156)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

241

-

Investment property

5

863,378

863,378

 

863,619

863,378

Current assets

 

Debtors

6

15,066

7,500

Cash at bank and in hand

 

436,293

510,670

 

451,359

518,170

Creditors: Amounts falling due within one year

7

(57,160)

(36,937)

Net current assets

 

394,199

481,233

Total assets less current liabilities

 

1,257,818

1,344,611

Provisions for liabilities

(65,575)

(65,575)

Net assets

 

1,192,243

1,279,036

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

1,192,143

1,278,936

Shareholders' funds

 

1,192,243

1,279,036

For the financial year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 25 September 2023
 

 

Anglebuy Limited

(Registration number: 02237156)
Balance Sheet as at 31 March 2023

.........................................
R P Ballerino
Director

 

Anglebuy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
10 Ardmore Way
Guildford
Surrey
GU2 9RR

These financial statements were authorised for issue by the director on 25 September 2023.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

Anglebuy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Fixtures and fittings

20% - 50% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Anglebuy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 3 (2022 - 1).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

Additions

483

483

At 31 March 2023

483

483

Depreciation

Charge for the year

242

242

At 31 March 2023

242

242

Carrying amount

At 31 March 2023

241

241

5

Investment properties

2023
£

At 1 April

863,378

At 31 March

863,378

There has been no valuation of investment property by an independent valuer.

6

Debtors

Current

2023
£

2022
£

Trade debtors

10,000

7,500

Other debtors

5,066

-

 

15,066

7,500

 

Anglebuy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

7

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Trade creditors

7,562

7,529

Taxation and social security

192

6,406

Accruals and deferred income

7,300

7,300

Other creditors

42,106

15,702

57,160

36,937

8

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

9

Dividends

Final dividends paid

   

2023
£

 

2022
£

Final dividend of Nil per each NewRow_0

 

111

 

222

         

Reconciliation to Dividends categories

Difference to be corrected

 

111

 

222

10

Related party transactions

 

Anglebuy Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2023

Director's remuneration

The director's remuneration for the year was as follows:

2023
£

2022
£

Remuneration

6,000

-

Summary of transactions with other related parties

Ballerino Properties Limited and Ballerino and Co (companies under the control of RP Ballerino)
£0 (2022: £20,000) was paid to Ballerino Properties Limited/Ballerino and Co in respect of management fees. At 31.3.23 the amount due to Ballerino Properties Limited/ Ballerino and Co was £0 (31.3.22 £0)