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REGISTERED NUMBER: 12984557 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 OCTOBER 2023

FOR

ANCOATS MANCHESTER LIMITED

ANCOATS MANCHESTER LIMITED (REGISTERED NUMBER: 12984557)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANCOATS MANCHESTER LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 OCTOBER 2023







DIRECTORS: A Hodzic
M Jakisic





REGISTERED OFFICE: Fulford House
Newbold Terrace
Leamington Spa
CV32 4EA





REGISTERED NUMBER: 12984557 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

ANCOATS MANCHESTER LIMITED (REGISTERED NUMBER: 12984557)

BALANCE SHEET
30 OCTOBER 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Investments 4 1,958,216 -
Investment property 5 206,683 206,683
2,164,899 206,683

CURRENT ASSETS
Debtors 6 47,817 117,206
Cash at bank and in hand 3,609 23,155
51,426 140,361
CREDITORS
Amounts falling due within one year 7 2,242,574 371,458
NET CURRENT LIABILITIES (2,191,148 ) (231,097 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(26,249

)

(24,414

)

CAPITAL AND RESERVES
Called up and paid share capital 100 100
Retained earnings (26,349 ) (24,514 )
(26,249 ) (24,414 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 October 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.

ANCOATS MANCHESTER LIMITED (REGISTERED NUMBER: 12984557)

BALANCE SHEET - continued
30 OCTOBER 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 Board of Directors and authorised for issue on 21 February 2024 and were signed on its behalf by:





M Jakisic - Director


ANCOATS MANCHESTER LIMITED (REGISTERED NUMBER: 12984557)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 OCTOBER 2023


1. STATUTORY INFORMATION

Ancoats Manchester 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.

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.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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 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.

ANCOATS MANCHESTER LIMITED (REGISTERED NUMBER: 12984557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023


2. ACCOUNTING POLICIES - continued

Going concern
The financial statements have been prepared on the going concern basis, on the understanding that the company will receive continued support from the bank and creditors for a period of at least 12 months from the date of these financial statements.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 3 ) .

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 1,958,216
At 30 October 2023 1,958,216
NET BOOK VALUE
At 30 October 2023 1,958,216

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 31 October 2022
and 30 October 2023 206,683
NET BOOK VALUE
At 30 October 2023 206,683
At 30 October 2022 206,683

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 47,817 117,206

ANCOATS MANCHESTER LIMITED (REGISTERED NUMBER: 12984557)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 OCTOBER 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 74,896 92,457
Amounts owed to participating interests 2,117,327 228,650
Other creditors 50,351 50,351
2,242,574 371,458

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year the directors operated a loan with the company with no fixed terms of repayment or interest. Amounts advanced during the year were £175 (2022: £175) and repayments during the year were £175 (2022: £Nil). At the year end the amount owing to the company was £175 (2022: £175).

9. RELATED PARTY DISCLOSURES

Included in other creditors are amounts owing of £2,117,327 to companies in which key management have an interest. These loans are interest free and repayable on demand.