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REGISTERED NUMBER: 13891744 (England and Wales)














FINANCIAL STATEMENTS

FOR THE PERIOD 3 FEBRUARY 2022 TO 28 FEBRUARY 2023

FOR

ANDERSONS DURHAM LTD

ANDERSONS DURHAM LTD (REGISTERED NUMBER: 13891744)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 FEBRUARY 2022 TO 28 FEBRUARY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANDERSONS DURHAM LTD

COMPANY INFORMATION
FOR THE PERIOD 3 FEBRUARY 2022 TO 28 FEBRUARY 2023







DIRECTORS: R A Anderson
S Anderson





REGISTERED OFFICE: Ground Floor
Finchale House
Belmont Business Park
Durham
DH1 1TW





REGISTERED NUMBER: 13891744 (England and Wales)





ACCOUNTANTS: Ribchesters
Chartered Accountants
Finchale House
Belmont Business Park
Durham
DH1 1TW

ANDERSONS DURHAM LTD (REGISTERED NUMBER: 13891744)

BALANCE SHEET
28 FEBRUARY 2023

Notes £    £   
FIXED ASSETS
Investment property 4 500,000

CURRENT ASSETS
Debtors 5 120
Cash at bank 10,995
11,115
CREDITORS
Amounts falling due within one year 6 536,956
NET CURRENT LIABILITIES (525,841 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(25,841

)

CAPITAL AND RESERVES
Called up share capital 7 200
Retained earnings (26,041 )
SHAREHOLDERS' FUNDS (25,841 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 October 2023 and were signed on its behalf by:





R A Anderson - Director


ANDERSONS DURHAM LTD (REGISTERED NUMBER: 13891744)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 3 FEBRUARY 2022 TO 28 FEBRUARY 2023

1. STATUTORY INFORMATION

Andersons Durham Ltd 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 of rental income falling due in the year, including rental income due but not received until after the year end.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Financial instruments
The company has elected to apply the provisions of section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

Classification of financial liabilities
Financial liabilities and equity instruments are classified according to substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, other loans, and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.


ANDERSONS DURHAM LTD (REGISTERED NUMBER: 13891744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 FEBRUARY 2022 TO 28 FEBRUARY 2023

2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 period 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.

Going concern
The directors have considered the current profitability and future cash flows of the company for a period of more than 12 months from the date of this report. Following that review the directors have concluded that the company is likely to have sufficient resources to meets its ongoing commitments. The financial statements have therefore been prepared using the going concern basis of accounting.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 520,595
Revaluations (20,595 )
At 28 February 2023 500,000
NET BOOK VALUE
At 28 February 2023 500,000

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 500,000

If investment property had not been revalued it would have been included at the following historical cost:

£   
Cost 520,595

Investment property was valued on an open market basis on 28 February 2023 by the directors. .

ANDERSONS DURHAM LTD (REGISTERED NUMBER: 13891744)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 3 FEBRUARY 2022 TO 28 FEBRUARY 2023

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 120

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 536,956

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
170 Ordinary A £1 170
30 Ordinary B £1 30
200

The following shares were allotted and fully paid for cash at par during the period:

170 Ordinary A shares of £1 each
30 Ordinary B shares of £1 each

8. RELATED PARTY DISCLOSURES

The directors have provided an interest free loan to the company. The balance of this loan at 28 February 2023 is £526,491.