IRIS Accounts Production v23.3.1.45 05514928 director 1.3.22 28.2.23 28.2.23 true false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh055149282022-02-28055149282023-02-28055149282022-03-012023-02-28055149282021-02-28055149282021-03-012022-02-28055149282022-02-2805514928ns10:Originalns15:EnglandWales2022-03-012023-02-2805514928ns14:PoundSterlingns10:Original2022-03-012023-02-2805514928ns10:Originalns10:Director12022-03-012023-02-2805514928ns10:Original2022-03-012023-02-2805514928ns10:Original2023-02-2805514928ns10:Originalns10:PrivateLimitedCompanyLtd2022-03-012023-02-2805514928ns10:Originalns10:SmallEntities2022-03-012023-02-2805514928ns10:Originalns10:AuditExemptWithAccountantsReport2022-03-012023-02-2805514928ns10:Originalns10:SmallCompaniesRegimeForDirectorsReport2022-03-012023-02-2805514928ns10:SmallCompaniesRegimeForAccountsns10:Original2022-03-012023-02-2805514928ns10:Originalns10:FullAccounts2022-03-012023-02-2805514928ns10:Originalns10:RegisteredOffice2022-03-012023-02-2805514928ns10:Original2022-02-2805514928ns10:Originalns5:CurrentFinancialInstruments2023-02-2805514928ns10:Originalns5:CurrentFinancialInstruments2022-02-2805514928ns10:Originalns5:Non-currentFinancialInstruments2023-02-2805514928ns10:Originalns5:Non-currentFinancialInstruments2022-02-2805514928ns5:ShareCapitalns10:Original2023-02-2805514928ns5:ShareCapitalns10:Original2022-02-2805514928ns10:Originalns5:RetainedEarningsAccumulatedLosses2023-02-2805514928ns10:Originalns5:RetainedEarningsAccumulatedLosses2022-02-2805514928ns10:Originalns5:FurnitureFittings2022-03-012023-02-2805514928ns10:Original2021-03-012022-02-2805514928ns10:Originalns5:PlantMachinery2022-02-2805514928ns10:Originalns5:PlantMachinery2022-03-012023-02-2805514928ns10:Originalns5:PlantMachinery2023-02-2805514928ns10:Originalns5:PlantMachinery2022-02-2805514928ns10:Original2022-02-2805514928ns5:Securedns10:Original2023-02-2805514928ns5:Securedns10:Original2022-02-28
REGISTERED NUMBER: 05514928 (England and Wales)















ANNALEA HOLDINGS LTD

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 28 FEBRUARY 2023






ANNALEA HOLDINGS LTD (REGISTERED NUMBER: 05514928)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3

Chartered Accountants' Report 7

ANNALEA HOLDINGS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTOR: Z Kenworthy





REGISTERED OFFICE: c/o Cox Costello & Horne
Batchworth Lock House
99 Church Street
Rickmansworth
WD3 1JJ





REGISTERED NUMBER: 05514928 (England and Wales)





ACCOUNTANTS: Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ

ANNALEA HOLDINGS LTD (REGISTERED NUMBER: 05514928)

BALANCE SHEET
28 FEBRUARY 2023

28.2.23 28.2.22
Notes £ £ £ £
FIXED ASSETS
Tangible assets 4 9,588 11,985
Investment property 5 1,189,532 1,189,532
1,199,120 1,201,517

CURRENT ASSETS
Cash at bank 27,886 45,555

CREDITORS
Amounts falling due within one year 6 329,524 366,832
NET CURRENT LIABILITIES (301,638 ) (321,277 )
TOTAL ASSETS LESS CURRENT LIABILITIES 897,482 880,240

CREDITORS
Amounts falling due after more than one year 7 330,630 342,354
NET ASSETS 566,852 537,886

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 566,752 537,786
SHAREHOLDERS' FUNDS 566,852 537,886

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

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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 Profit and Loss account has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 February 2024 and were signed by:





Z Kenworthy - Director


ANNALEA HOLDINGS LTD (REGISTERED NUMBER: 05514928)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Annalea Holdings 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.

Going concern basis
After making enquiries, the director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future; taken to be 12 months from signing the financial statements. No material uncertainties that cast significant doubt about the ability of the company to continue as a going concern have been identified by the director. The company therefore continues to adopt the going concern basis in preparing its financial statements.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Tangible fixed assets (except freehold land) are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Freehold land is stated at cost. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Investment property
Investment property is commercial property held for long-term rental yields or for capital appreciation or both, and not held for the social benefit or for use in the business. Investment property is measured at cost, including related transaction costs, on initial recognition and subsequently at fair value as at the year end, with changes in fair value recognised in profit and loss. Subsequent expenditure is capitalised to the asset's carrying value only when it is probable that future economic benefits associated with the expenditure will flow to the company. All other repairs and maintenance costs are expensed when incurred. Fair value is determined by either independent professional third party valuers or company officers, such as the directors. Depreciation is not provided in respect of the investment property. Fair value of investment property reflects, among other things, rental income from current leases and other assumptions market participants would make when pricing the property under current market conditions.

ANNALEA HOLDINGS LTD (REGISTERED NUMBER: 05514928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


2. ACCOUNTING POLICIES - continued

Financial instruments
a) Debtors
Basic financial assets, including trade and other debtors, are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment.

b) Creditors
Basic financial liabilities, including trade and other creditors, loans from third parties and loans from related parties, 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. Such instruments are subsequently carried at amortised cost using the effective interest method, less any impairment.

c) Cash at bank
Cash and bank balances are initially recognised at transaction price, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Such assets are subsequently carried at amortised cost using the effective interest method, less any impairment. Cash and bank balances are represented by cash in hand, deposits held at call with financial institutions, and other short-term highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Taxation
The tax expense for the year comprises current and deferred tax.

Tax is recognised in profit or loss except that a change attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
-the recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
-any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Both current and deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs
The company acts as agent, for certain employees, in collecting and paying over employee pension contributions. Once the contributions have been paid, the company as employer has no further obligations.

In addition, the company makes pension contributions directly into the personal pension scheme of certain employees. The contribution amounts are mutually agreed, between staff and employer, and once the contributions have been paid, the company as employer, has no further obligations. The company's contributions are charged to the profit and loss account in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

ANNALEA HOLDINGS LTD (REGISTERED NUMBER: 05514928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£
COST
At 1 March 2022
and 28 February 2023 20,498
DEPRECIATION
At 1 March 2022 8,513
Charge for year 2,397
At 28 February 2023 10,910
NET BOOK VALUE
At 28 February 2023 9,588
At 28 February 2022 11,985

5. INVESTMENT PROPERTY
Total
£
FAIR VALUE
At 1 March 2022
and 28 February 2023 1,189,532
NET BOOK VALUE
At 28 February 2023 1,189,532
At 28 February 2022 1,189,532

At the reporting date, without formal valuation, the director considers the carrying value of investment property to be line with open market expectations.

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£ £
Bank loans 13,485 15,345
Trade creditors 40 371
Taxation and social security 100 -
Other creditors 315,899 351,116
329,524 366,832

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
28.2.23 28.2.22
£ £
Bank loans 330,630 342,354

Amounts falling due in more than five years:

Repayable by instalments
Bank loan 276,689 275,688

ANNALEA HOLDINGS LTD (REGISTERED NUMBER: 05514928)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£ £
Bank loans 344,115 357,699

The bank loan is secured by way of a registered debenture. The legal charge comprises fixed & floating charges over all the property or undertaking of the company and a negative pledge.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £2,000 (2022 - £2,000) were paid to the director .

During the reporting period, the company contracted management services of £12,310 (2022 - £3,396) from a related party. The director as key management personnel is common. At the reporting date, amount due from related party was £nil (2022 - £nil).

At the reporting date, amount due to the director was £315,897 (2022 - £351,115).

Amounts outstanding at the reporting date are unsecured, interest free, has no fixed terms of repayment and considered payable on demand.

CHARTERED ACCOUNTANTS' REPORT TO THE DIRECTOR
ON THE UNAUDITED FINANCIAL STATEMENTS OF
ANNALEA HOLDINGS LTD


The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Annalea Holdings Ltd for the year ended 28 February 2023 which comprise the Profit and Loss account, Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Annalea Holdings Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Annalea Holdings Ltd and state those matters that we have agreed to state to the director of Annalea Holdings Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Annalea Holdings Ltd and its director for our work or for this report.

It is your duty to ensure that Annalea Holdings Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Annalea Holdings Ltd. You consider that Annalea Holdings Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Annalea Holdings Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Cox Costello & Horne
Chartered Accountants and Tax Advisors
Batchworth Lock House
99 Church Street, Rickmansworth
WD3 1JJ


21 February 2024