Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Anjo Investments Limited |
Unaudited Financial Statements for the Year Ended 31 December 2023 |
for |
Anjo Investments Limited |
Anjo Investments Limited (Registered number: 06282812) |
Contents of the Financial Statements |
for the Year Ended 31 December 2023 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 3 |
Anjo Investments Limited |
Company Information |
for the Year Ended 31 December 2023 |
DIRECTOR: |
SECRETARY: | |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Bridge House |
2 Bridge Avenue |
Maidenhead |
Berkshire |
SL6 1RR |
Anjo Investments Limited (Registered number: 06282812) |
Balance Sheet |
31 December 2023 |
31.12.23 | 31.12.22 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT LIABILITIES | ( | ) | ( | ) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 6 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 | 35,000 | 35,000 |
Fair value reserve | 8 | 442,303 | 417,527 |
Retained earnings | 8 | 500,732 | 451,905 |
SHAREHOLDERS' FUNDS | 978,035 | 904,432 |
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. |
In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
The financial statements were approved by the director and authorised for issue on |
Anjo Investments Limited (Registered number: 06282812) |
Notes to the Financial Statements |
for the Year Ended 31 December 2023 |
1. | STATUTORY INFORMATION |
Anjo Investments Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group. |
Turnover |
Turnover represents rent receivable, net of value added tax. |
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 |
The company only has financial assets and liabilities of a kind that qualify as basic financial instruments,which are initially recognised at transaction value and subsequently measured at their settlement value. |
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 NIL (2022 - NIL). |
Anjo Investments Limited (Registered number: 06282812) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1 January 2023 |
Revaluations | 24,776 |
At 31 December 2023 |
NET BOOK VALUE |
At 31 December 2023 |
At 31 December 2022 |
Investment property was valued by the director at open market value in December 2023. If the property is sold at that value, then tax of £45,156 (2022 £29,611) would be payable. |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Preference shares |
Amounts owed to group undertakings |
Tax |
Other creditors |
The £1 Redeemable Preference shares are non-voting, nil dividend shares, redeemable at one month's notice by the company or by the shareholder. |
6. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
31.12.23 | 31.12.22 |
£ | £ |
Amounts owed to group undertakings |
£205,000 is repayable on 31 March 2026 and is secured by a legal charge over the property owned by the company. |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.12.23 | 31.12.22 |
value: | £ | £ |
Ordinary | £1 | 35,000 | 35,000 |
The £1 Redeemable Preference shares are non-voting, nil dividends shares, redeemable at one month's notice by the company or by the shareholder. |
8. | RESERVES |
Fair |
Retained | value |
earnings | reserve | Totals |
£ | £ | £ |
At 1 January 2023 | 451,905 | 417,527 | 869,432 |
Profit for the year | 73,603 | 73,603 |
Property revaluation | (24,776 | ) | 24,776 | - |
At 31 December 2023 | 500,732 | 442,303 | 943,035 |
Anjo Investments Limited (Registered number: 06282812) |
Notes to the Financial Statements - continued |
for the Year Ended 31 December 2023 |
9. | ULTIMATE CONTROLLING PARTY |
The company is a 100% subsidiary of Adot BV, a company incorporated in the Netherlands, and its ultimate parent company is Katsjo BV, also a company incorporated in the Netherlands. The ultimate controller is Mr GJ Boeschoten, as a result of his shareholding in Katsjo BV. |