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REGISTERED NUMBER: 03699032 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ANGERSTEIN ESTATES (PLYMOUTH) LIMITED

ANGERSTEIN ESTATES (PLYMOUTH) LIMITED (REGISTERED NUMBER: 03699032)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANGERSTEIN ESTATES (PLYMOUTH) LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: S A Dyer
J G Dyer





SECRETARY: S A Dyer





REGISTERED OFFICE: Suite Q
1 Lagoon Road
Orpington
Kent
BR5 3QX





REGISTERED NUMBER: 03699032 (England and Wales)





ACCOUNTANTS: Kingly Jones LLP
Chartered Accountants
414 Linen Hall
162-168 Regent Street
London
W1B 5TE

ANGERSTEIN ESTATES (PLYMOUTH) LIMITED (REGISTERED NUMBER: 03699032)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,460,000 1,400,000

CURRENT ASSETS
Debtors 5 292,232 160,659
Cash at bank 438 33,560
292,670 194,219
CREDITORS
Amounts falling due within one year 6 57,405 61,329
NET CURRENT ASSETS 235,265 132,890
TOTAL ASSETS LESS CURRENT LIABILITIES 1,695,265 1,532,890

CREDITORS
Amounts falling due after more than one year 7 65,700 65,700
NET ASSETS 1,629,565 1,467,190

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 8 423,046 363,046
Retained earnings 8 1,205,519 1,103,144
1,629,565 1,467,190

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

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

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 February 2024 and were signed on its behalf by:





S A Dyer - Director


ANGERSTEIN ESTATES (PLYMOUTH) LIMITED (REGISTERED NUMBER: 03699032)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. STATUTORY INFORMATION

Angerstein Estates (Plymouth) 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 1,400,000
Revaluations 60,000
At 31 May 2023 1,460,000
NET BOOK VALUE
At 31 May 2023 1,460,000
At 31 May 2022 1,400,000

ANGERSTEIN ESTATES (PLYMOUTH) LIMITED (REGISTERED NUMBER: 03699032)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. INVESTMENT PROPERTY - continued

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2017 113,046
Valuation in 2018 126,000
Valuation in 2019 119,000
Valuation in 2022 5,000
Valuation in 2023 60,000
Cost 1,036,954
1,460,000

If the investment property had not been revalued it would have been included at the following historical cost:

2023 2022
£    £   
Cost 1,036,954 1,036,954

The investment property was valued on an open market basis on 31 May 2022 by the directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 68,461 54,750
Amounts owed by group undertakings 223,771 105,909
292,232 160,659

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 27,235 24,445
Other creditors 30,170 36,884
57,405 61,329

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Other creditors 65,700 65,700

8. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 June 2022 1,103,144 363,046 1,466,190
Profit for the year 162,375 162,375
Revaluation in year (60,000 ) 60,000 -
At 31 May 2023 1,205,519 423,046 1,628,565

9. ULTIMATE CONTROLLING PARTY

The ultimate parent company is Angerstein Estates Limited, a company incorporated and registered in England and Wales.The ultimate parent company has no ultimate controlling party.