Anthony Wolfe Ltd 09195020 false 2022-09-01 2023-08-31 2023-08-31 The principal activity of the company is property investment. Digita Accounts Production Advanced 6.30.9574.0 true 09195020 2022-09-01 2023-08-31 09195020 2023-08-31 09195020 core:CurrentFinancialInstruments core:WithinOneYear 2023-08-31 09195020 core:Non-currentFinancialInstruments 2023-08-31 09195020 core:Non-currentFinancialInstruments core:AfterOneYear 2023-08-31 09195020 core:FurnitureFittingsToolsEquipment 2023-08-31 09195020 bus:SmallEntities 2022-09-01 2023-08-31 09195020 bus:AuditExemptWithAccountantsReport 2022-09-01 2023-08-31 09195020 bus:FullAccounts 2022-09-01 2023-08-31 09195020 bus:SmallCompaniesRegimeForAccounts 2022-09-01 2023-08-31 09195020 bus:RegisteredOffice 2022-09-01 2023-08-31 09195020 bus:Director1 2022-09-01 2023-08-31 09195020 bus:PrivateLimitedCompanyLtd 2022-09-01 2023-08-31 09195020 core:FurnitureFittings 2022-09-01 2023-08-31 09195020 core:FurnitureFittingsToolsEquipment 2022-09-01 2023-08-31 09195020 core:OfficeEquipment 2022-09-01 2023-08-31 09195020 countries:England 2022-09-01 2023-08-31 09195020 2022-08-31 09195020 core:FurnitureFittingsToolsEquipment 2022-08-31 09195020 2021-09-01 2022-08-31 09195020 2022-08-31 09195020 core:CurrentFinancialInstruments core:WithinOneYear 2022-08-31 09195020 core:Non-currentFinancialInstruments 2022-08-31 09195020 core:Non-currentFinancialInstruments core:AfterOneYear 2022-08-31 09195020 core:FurnitureFittingsToolsEquipment 2022-08-31 iso4217:GBP xbrli:pure

Registration number: 09195020

Anthony Wolfe Ltd

Unaudited Filleted Financial Statements

for the Year Ended 31 August 2023

 

Anthony Wolfe Ltd

Contents

Balance Sheet

1

Notes to the Unaudited Financial Statements

2 to 5

 

Anthony Wolfe Ltd

(Registration number: 09195020)
Balance Sheet as at 31 August 2023

Note

2023
£

2022
£

Fixed assets

 

Tangible assets

4

50

100

Investment property

5

521,798

521,798

 

521,848

521,898

Current assets

 

Cash at bank and in hand

 

19,033

6,631

Creditors: Amounts falling due within one year

6

(323,600)

(321,025)

Net current liabilities

 

(304,567)

(314,394)

Total assets less current liabilities

 

217,281

207,504

Creditors: Amounts falling due after more than one year

6

(186,286)

(186,731)

Provisions for liabilities

(3,646)

(3,655)

Net assets

 

27,349

17,118

Capital and reserves

 

Called up share capital

1

1

Other reserves

17,020

17,020

Retained earnings

10,328

97

Shareholders' funds

 

27,349

17,118

For the financial year ending 31 August 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 November 2023
 

.........................................
Dr A W Katz
Director

 

Anthony Wolfe Ltd

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

1

General information

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

The address of its registered office is:
23 Church Lane
London
N2 8DX

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.

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 and deferred 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

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.

 

Anthony Wolfe Ltd

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

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

Office equipment

25% straight line

Equipment and fixtures

20% straight line

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by the director. The director uses 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 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.

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.

3

Staff numbers

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

 

Anthony Wolfe Ltd

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

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 1 September 2022

4,165

4,165

At 31 August 2023

4,165

4,165

Depreciation

At 1 September 2022

4,065

4,065

Charge for the year

50

50

At 31 August 2023

4,115

4,115

Carrying amount

At 31 August 2023

50

50

At 31 August 2022

100

100

5

Investment properties

2023
£

At 1 September

521,798

At 31 August

521,798

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

6

Creditors

Creditors: amounts falling due within one year

Note

2023
£

2022
£

Due within one year

 

Directors loan

320,050

319,500

Other creditors

 

3,550

1,525

 

323,600

321,025

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

7

186,286

186,731

 

Anthony Wolfe Ltd

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

7

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

186,286

186,731