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Registration number: 04389734

Annie Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2023

 

Annie Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

Annie Properties Limited

Company Information

Director

Mr H Khodaghalian

Company secretary

Miss B G Khodaghalian

Registered office

403 Milnthorpe Lane
Sandal
Wakefield
West Yorkshire
WF2 7HT

Accountants

Cameron Alexander Accountants Ltd
Chartered Certified Accountants
2 Western Street
Barnsley
South Yorkshire
S70 2BP

 

Annie Properties Limited

(Registration number: 04389734)
Balance Sheet as at 31 March 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

3

240,898

240,898

Current assets

 

Debtors

4

3,337

3,048

Cash at bank and in hand

 

31,967

56,660

 

35,304

59,708

Creditors: Amounts falling due within one year

5

(16,517)

(26,189)

Net current assets

 

18,787

33,519

Total assets less current liabilities

 

259,685

274,417

Creditors: Amounts falling due after more than one year

5

(29,710)

(38,509)

Net assets

 

229,975

235,908

Capital and reserves

 

Called up share capital

6

100

100

Retained earnings

229,875

235,808

Shareholders' funds

 

229,975

235,908

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 6 October 2023
 

.........................................
Mr H Khodaghalian
Director

 

Annie Properties Limited

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

1

Accounting policies

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.

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.

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.

 

Annie Properties Limited

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

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.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

2

Staff numbers

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

 

Annie Properties Limited

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

3

Tangible assets

Other tangible assets
£

Total
£

Cost or valuation

At 1 April 2022

240,898

240,898

At 31 March 2023

240,898

240,898

Depreciation

Carrying amount

At 31 March 2023

240,898

240,898

At 31 March 2022

240,898

240,898

4

Debtors

Current

2023
£

2022
£

Trade debtors

425

135

Other debtors

2,912

2,913

 

3,337

3,048

5

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Bank loans and overdrafts

7

8,837

9,203

Trade creditors

 

30

522

Accruals and deferred income

 

400

400

Other creditors

 

7,250

16,064

 

16,517

26,189

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

29,710

38,509

 

Annie Properties Limited

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

6

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary of £1 each

100

100

100

100

         

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

20,043

24,842

Other borrowings

9,667

13,667

29,710

38,509

2023
£

2022
£

Current loans and borrowings

Bank borrowings

4,837

5,203

Other borrowings

4,000

4,000

8,837

9,203

8

Related party transactions

Transactions with the director

2023

At 1 April 2022
£

Advances to director
£

At 31 March 2023
£

Mr H Khodaghalian

No interest is charged on the loan and there is no fixed date of repayment.

3,893

(3,315)

578

       
     

 

2022

At 1 April 2021
£

Repayments by director
£

At 31 March 2022
£

Mr H Khodaghalian

No interest is charged on the loan and there is no fixed date of repayment.

2,291

1,602

3,893