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Company No: 07274306 (England and Wales)

ANDERSON NOBLE ESTATES LIMITED

Unaudited Financial Statements
For the financial year ended 30 June 2023
Pages for filing with the registrar

ANDERSON NOBLE ESTATES LIMITED

Unaudited Financial Statements

For the financial year ended 30 June 2023

Contents

ANDERSON NOBLE ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION

As at 30 June 2023
ANDERSON NOBLE ESTATES LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 30 June 2023
Note 2023 2022
£ £
Fixed assets
Investment property 3 1,160,887 1,160,887
1,160,887 1,160,887
Current assets
Cash at bank and in hand 602,260 549,441
602,260 549,441
Creditors: amounts falling due within one year 4 ( 18,594) ( 17,218)
Net current assets 583,666 532,223
Total assets less current liabilities 1,744,553 1,693,110
Creditors: amounts falling due after more than one year 5 ( 1,172,398) ( 1,172,397)
Net assets 572,155 520,713
Capital and reserves
Called-up share capital 6 100 100
Profit and loss account 572,055 520,613
Total shareholders' funds 572,155 520,713

For the financial year ending 30 June 2023 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Anderson Noble Estates Limited (registered number: 07274306) were approved and authorised for issue by the Director on 10 November 2023. They were signed on its behalf by:

Anna Taylor
Director
ANDERSON NOBLE ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
ANDERSON NOBLE ESTATES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 30 June 2023
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anderson Noble Estates Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 1 2 & 3 College Yard, Worcester, WR1 2LB, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The directors have assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The directors have a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Employees

2023 2022
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 July 2022 1,160,887
As at 30 June 2023 1,160,887

Assumptions

These assumptions were arrived at taking account of information and advice from external property consultants, in-house property experts, publicly available data and judgement. A significant level of uncertainty exists in relation to these assumptions and any changes in these assumptions could have a material impact on the carrying value of Investment Property in the financial statements.
For the 2023 period, no revaluations were made by the directors, valuations remain at previous valuations.

Historic cost

If the investment properties had been accounted for cost accounting rules, the properties would have been measured as follows:

2023 2022
£ £
Historic cost 1,160,887 1,160,887

4. Creditors: amounts falling due within one year

2023 2022
£ £
Trade creditors 0 2,310
Accruals and deferred income 5,610 2,490
Taxation and social security 12,984 12,418
18,594 17,218

5. Creditors: amounts falling due after more than one year

2023 2022
£ £
Amounts owed to directors 1,172,398 1,172,397

There are no amounts included above in respect of which any security has been given by the small entity.

6. Called-up share capital

2023 2022
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

7. Related party transactions

Transactions with the entity's directors

2023 2022
£ £
Amounts owed to directors 1,172,397 1,172,397