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Registration number: 10852936

ANMA Property Management Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 July 2023

 

ANMA Property Management Limited

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

ANMA Property Management Limited

Company Information

Director

Mr Matthew Law

Registered office

102 Fulham Palace Road
London
Greater London
W6 9PL

Accountants

Michaelides Warner & Co
102 Fulham Palace Road
London
W6 9PL

 

ANMA Property Management Limited

(Registration number: 10852936)
Balance Sheet as at 31 July 2023

Note

2023
£

2022
£

Fixed assets

 

Investment property

4

2,000,560

1,370,111

Current assets

 

Debtors

5

665

250

Cash at bank and in hand

 

5,601

44,251

 

6,266

44,501

Creditors: Amounts falling due within one year

6

(753,701)

(542,689)

Net current liabilities

 

(747,435)

(498,188)

Total assets less current liabilities

 

1,253,125

871,923

Creditors: Amounts falling due after more than one year

6

(1,321,186)

(905,544)

Net liabilities

 

(68,061)

(33,621)

Capital and reserves

 

Called up share capital

7

1

1

Retained earnings

(68,062)

(33,622)

Shareholders' deficit

 

(68,061)

(33,621)

For the financial year ending 31 July 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.

Approved and authorised by the director on 8 March 2024
 

 

ANMA Property Management Limited

(Registration number: 10852936)
Balance Sheet as at 31 July 2023

.........................................
Mr Matthew Law
Director

 

ANMA Property Management Limited

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

1

General information

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

The address of its registered office is:
102 Fulham Palace Road
London
Greater London
W6 9PL
England

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.

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.

Investment property

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

 

ANMA Property Management Limited

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

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 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.

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).

 

ANMA Property Management Limited

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

4

Investment properties

2023
£

At 1 August

1,370,111

Additions

630,449

At 31 July

2,000,560

 

ANMA Property Management Limited

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

As at 31 July 2023 the fair value of the investment properties amounted to £2,000,560 (2022: £1,370,111) and the historical cost was £2,000,560 (2022 : £1,370,111)

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

5

Debtors

Current

2023
£

2022
£

Trade debtors

415

-

Other debtors

250

250

 

665

250

6

Creditors

Creditors: amounts falling due within one year

2023
£

2022
£

Due within one year

Taxation and social security

102

90

Accruals and deferred income

600

600

Other creditors

752,999

541,999

753,701

542,689

Creditors: amounts falling due after more than one year

Note

2023
£

2022
£

Due after one year

 

Loans and borrowings

8

1,321,186

905,544

Bank loans of £1,321,186 are secured on the investment properties by way of fixed charge.

 

ANMA Property Management Limited

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

7

Share capital

Allotted, called up and fully paid shares

 

2023

2022

 

No.

£

No.

£

Ordinary shares of £1 each

1

1

1

1

         

8

Loans and borrowings

2023
£

2022
£

Non-current loans and borrowings

Bank borrowings

1,321,186

905,544

9

Related party transactions

Transactions with the director

2023

At 1 August 2022
£

Other payments made to company by director
£

At 31 July 2023
£

Mr Matthew Law

Amount owed to/ (from) the Director

542,000

211,000

753,000

       
     

 

2022

At 1 August 2021
£

At 31 July 2022
£

Mr Matthew Law

Amount owed to/ (from) the Director

542,000

542,000