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REGISTERED NUMBER: 10787473 (England and Wales)



















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MAY 2023

FOR

ANB PROPERTY LIMITED

ANB PROPERTY LIMITED (REGISTERED NUMBER: 10787473)






CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


ANB PROPERTY LIMITED

COMPANY INFORMATION
for the Year Ended 31 MAY 2023







DIRECTOR: Mr A N Bond





REGISTERED OFFICE: 224 Prospect Road
Woodford Green
Essex
IG8 7NQ





REGISTERED NUMBER: 10787473 (England and Wales)





ACCOUNTANTS: Foxley Kingham
Chartered Accountants
260 - 270 Butterfield
Great Marlings
Luton
Bedfordshire
LU2 8DL

ANB PROPERTY LIMITED (REGISTERED NUMBER: 10787473)

STATEMENT OF FINANCIAL POSITION
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,042 2,923
Investment property 5 366,688 354,201
370,730 357,124

CURRENT ASSETS
Cash at bank 4,012 18,871

CREDITORS
Amounts falling due within one year 6 372,304 333,530
NET CURRENT LIABILITIES (368,292 ) (314,659 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,438

42,465

CREDITORS
Amounts falling due after more than one
year

7

(3,587

)

(5,176

)

PROVISIONS FOR LIABILITIES (26,657 ) (22,189 )
NET (LIABILITIES)/ASSETS (27,806 ) 15,100

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (27,906 ) 15,000
(27,806 ) 15,100

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 director acknowledges his 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.

ANB PROPERTY LIMITED (REGISTERED NUMBER: 10787473)

STATEMENT OF FINANCIAL POSITION - continued
31 MAY 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 15 February 2024 and were signed by:





Mr A N Bond - Director


ANB PROPERTY LIMITED (REGISTERED NUMBER: 10787473)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31 MAY 2023

1. STATUTORY INFORMATION

ANB Property 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.

The accounts have been prepared on a going concern basis which is considered to be appropriate, although the company's ability to continue trading is reliant on the continued support of the director.

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
Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings - 20% reducing balance
Computer equipment - 33% reducing balance

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 Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

ANB PROPERTY LIMITED (REGISTERED NUMBER: 10787473)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 6,388 1,367 7,755
Additions 2,077 - 2,077
At 31 May 2023 8,465 1,367 9,832
DEPRECIATION
At 1 June 2022 3,944 888 4,832
Charge for year 800 158 958
At 31 May 2023 4,744 1,046 5,790
NET BOOK VALUE
At 31 May 2023 3,721 321 4,042
At 31 May 2022 2,444 479 2,923

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022 354,201
Additions 12,487
At 31 May 2023 366,688
NET BOOK VALUE
At 31 May 2023 366,688
At 31 May 2022 354,201

Fair value at 31 May 2023 is represented by:
£   
Valuation in 2023 102,584
Cost 264,104
366,688

If Investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 251,617 251,617

Investment properties were valued on an open market basis on 31 May 2023 by the director .

ANB PROPERTY LIMITED (REGISTERED NUMBER: 10787473)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31 MAY 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 264,280 135,220
Other creditors 5,292 703
Directors' loan accounts 100,872 195,867
Accrued expenses 1,860 1,740
372,304 333,530

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 1-2 years 3,587 3,996
Bank loans - 2-5 years - 1,180
3,587 5,176

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 267,867 140,396

There is a floating charge that covers all the property or undertaking of the company. Along with fixed charges which cover both 9 Bristall Road, Liverpool and 4 Gwenfron Road, Liverpool.