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REGISTERED NUMBER: 00972581 (England and Wales)










UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ANGERSTEIN ESTATES LIMITED

ANGERSTEIN ESTATES LIMITED (REGISTERED NUMBER: 00972581)






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 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: 00972581 (England and Wales)





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

ANGERSTEIN ESTATES LIMITED (REGISTERED NUMBER: 00972581)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 6,057 9,235
Investments 5 1,002 1,002
Investment property 6 1,150,000 1,100,000
1,157,059 1,110,237

CURRENT ASSETS
Debtors 7 39,118 45,694
Cash at bank and in hand 122,204 91,456
161,322 137,150
CREDITORS
Amounts falling due within one year 8 528,255 456,089
NET CURRENT LIABILITIES (366,933 ) (318,939 )
TOTAL ASSETS LESS CURRENT LIABILITIES 790,126 791,298

CAPITAL AND RESERVES
Called up share capital 10,400 10,400
Capital redemption reserve 9 100 100
Fair value reserve 9 646,098 596,098
Retained earnings 9 133,528 184,700
SHAREHOLDERS' FUNDS 790,126 791,298

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 LIMITED (REGISTERED NUMBER: 00972581)

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

1. STATUTORY INFORMATION

Angerstein Estates 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.

Going Concern
The company has a deficiency of current assets. The company is supported by loans from a director and inter company loans. The directors consider that there is sufficient financial resources available for the company to continue as a going concern.

Preparation of consolidated financial statements
The financial statements contain information about Angerstein Estates Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

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 etc - 33% on cost and 20% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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.

Other operating income
Other operating income comprises rent, measured at the fair value of the consideration received or receivable excluding discounts, rebates, value added tax and other sales taxes.

3. EMPLOYEES AND DIRECTORS

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

ANGERSTEIN ESTATES LIMITED (REGISTERED NUMBER: 00972581)

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

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 June 2022 32,399
Additions 1,292
At 31 May 2023 33,691
DEPRECIATION
At 1 June 2022 23,164
Charge for year 4,470
At 31 May 2023 27,634
NET BOOK VALUE
At 31 May 2023 6,057
At 31 May 2022 9,235

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 June 2022
and 31 May 2023 1,002
NET BOOK VALUE
At 31 May 2023 1,002
At 31 May 2022 1,002

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 1,100,000
Revaluations 50,000
At 31 May 2023 1,150,000
NET BOOK VALUE
At 31 May 2023 1,150,000
At 31 May 2022 1,100,000

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2017 459,098
Valuation in 2018 137,000
Valuation in 2023 50,000
Cost 503,902
1,150,000

ANGERSTEIN ESTATES LIMITED (REGISTERED NUMBER: 00972581)

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

6. INVESTMENT PROPERTY - continued

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

2023 2022
£    £   
Cost 503,902 503,902

Investment property was valued on an open market basis on 31 May 2023 by the directors. .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 8,690 15,287
Other debtors 30,428 30,407
39,118 45,694

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 3,479 4,001
Amounts owed to group undertakings 260,053 150,216
Taxation and social security 6,739 6,244
Other creditors 257,984 295,628
528,255 456,089

9. RESERVES
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1 June 2022 184,700 100 596,098 780,898
Deficit for the year (1,172 ) - - (1,172 )
Revaluation movement for
the year (50,000 ) - 50,000 -
At 31 May 2023 133,528 100 646,098 779,726

10. ULTIMATE CONTROLLING PARTY

There is no ultimate controlling party