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REGISTERED NUMBER: 10854572 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2023

for

Antsara Investments Limited

Antsara Investments Limited (Registered number: 10854572)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Antsara Investments Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mrs S J Pidgley
Miss A J Pidgley





SECRETARY: Miss W J Pritchard





REGISTERED OFFICE: Kilbees Farm
Hatchet Lane
Winkfield
Windsor
Berkshire
SL4 2EG





REGISTERED NUMBER: 10854572 (England and Wales)





ACCOUNTANTS: Butler & Co Alresford Limited
Chartered Accountants
Bennett House
The Dean
Alresford
Hampshire
SO24 9BH

Antsara Investments Limited (Registered number: 10854572)

Balance Sheet
31 July 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 682 9,250
Investment property 5 11,501,695 16,912,693
11,502,377 16,921,943

CURRENT ASSETS
Debtors 6 1,284,747 126,750
Cash at bank and in hand 5,055,465 4,806,714
6,340,212 4,933,464
CREDITORS
Amounts falling due within one year 7 20,058,185 20,198,685
NET CURRENT LIABILITIES (13,717,973 ) (15,265,221 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(2,215,596

)

1,656,722

PROVISIONS FOR LIABILITIES 8 - 1,757
NET (LIABILITIES)/ASSETS (2,215,596 ) 1,654,965

CAPITAL AND RESERVES
Called up share capital 9 1,000 1,000
Fair value reserve - non-distributable (4,274,392 ) -
Retained earnings 2,057,796 1,653,965
SHAREHOLDERS' FUNDS (2,215,596 ) 1,654,965

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

Antsara Investments Limited (Registered number: 10854572)

Balance Sheet - continued
31 July 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 19 April 2024 and were signed on its behalf by:





Mrs S J Pidgley - Director


Antsara Investments Limited (Registered number: 10854572)

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

1. STATUTORY INFORMATION

Antsara Investments Limited 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.

The directors consider the use of the going concern basis of accounting appropriate because there are no material uncertainties related to events or conditions that may cast significant doubt about the ability of the company to continue as a going concern. The financial statements have therefore been prepared on a going concern basis. The directors have confirmed that they will continue to support the company and they have received written confirmation from the Executors that their loan account will not be recalled if it would render the company unable to pay its liabilities as they fall due and until the market value of the investment property is greater than the value of their outstanding loan..

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.
Plant and machinery - 25% reducing balance basis

Investment property
Investment property is shown at fair value. Any aggregate surplus or deficit arising from changes in fair value is recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the investment property is sold.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 year 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Antsara Investments Limited (Registered number: 10854572)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and Computer
machinery equipment Totals
£    £    £   
COST
At 1 August 2022 37,000 - 37,000
Additions - 910 910
Disposals (37,000 ) - (37,000 )
At 31 July 2023 - 910 910
DEPRECIATION
At 1 August 2022 27,750 - 27,750
Charge for year - 228 228
Eliminated on disposal (27,750 ) - (27,750 )
At 31 July 2023 - 228 228
NET BOOK VALUE
At 31 July 2023 - 682 682
At 31 July 2022 9,250 - 9,250

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 16,912,693
Revaluations (5,410,998 )
At 31 July 2023 11,501,695
NET BOOK VALUE
At 31 July 2023 11,501,695
At 31 July 2022 16,912,693

Fair value at 31 July 2023 is represented by:
£   
Valuation in 2023 (5,410,998 )
Cost 16,912,693
11,501,695

Investment property was valued on an open market basis on 12 June 2023 by Knight Frank .

Antsara Investments Limited (Registered number: 10854572)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 3,595 -
Other debtors 28,244 22,467
Deferred tax asset 1,136,463 -
Accrued income - 716
Prepayments 116,445 103,567
1,284,747 126,750

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 21,138 15,196
Executors of A W Pidgley (deceased) 19,761,556 19,761,556
Taxation 120,251 205,214
Social security and other taxes 5,300 2,328
VAT 28,628 25,500
Other creditors 14,556 16,874
Deferred income 70,629 95,419
Accrued expenses 36,127 76,598
20,058,185 20,198,685

8. PROVISIONS FOR LIABILITIES
2022
£   
Deferred tax 1,757

Deferred
tax
£   
Balance at 1 August 2022 1,757
Accelerated capital allowances (1,614 )
Revaluations (1,136,606 )
Balance at 31 July 2023 (1,136,463 )

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2023 2022
value: £    £   
200 Ordinary £1 200 200
400 Ordinary 'A' £1 400 400
400 Ordinary 'B' £1 400 400
1,000 1,000

Antsara Investments Limited (Registered number: 10854572)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. CALLED UP SHARE CAPITAL - continued

The Ordinary shares carry full voting rights, entitlement to dividends and any distribution made on a winding up of the company.

The Ordinary 'A' shares and Ordinary 'B' shares only carry entitlement to dividends.

Dividends may be paid to the holders of one or more classes of shares to the exclusion of the other at the director's discretion.