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REGISTERED NUMBER: 14477219 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD

10 NOVEMBER 2022 TO 31 MARCH 2024

FOR

AN LIGHTSIDE PROPERTIES LTD

AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AN LIGHTSIDE PROPERTIES LTD

COMPANY INFORMATION
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024







DIRECTOR: Mr J A M Nicholls





REGISTERED OFFICE: Unit 12, Somerville Court
Adderbury
Banbury
United Kingdom
OX17 3SN





REGISTERED NUMBER: 14477219 (England and Wales)





ACCOUNTANTS: Bronsens
Chartered Certified Accountants
Eden House
Two Rivers Business Park
Witney
Oxfordshire
OX28 4BL

AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219)

BALANCE SHEET
31 MARCH 2024

Notes £    £   
FIXED ASSETS
Investments 4 -
Investment property 5 2,005,000
2,005,000

CURRENT ASSETS
Debtors 6 267
Cash at bank 31,511
31,778
CREDITORS
Amounts falling due within one year 7 13,342
NET CURRENT ASSETS 18,436
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,023,436

PROVISIONS FOR LIABILITIES 9 37,946
NET ASSETS 1,985,490

CAPITAL AND RESERVES
Called up share capital 10 3,393,756
Revaluation reserve 11 285,000
Retained earnings (1,693,266 )
SHAREHOLDERS' FUNDS 1,985,490

AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219)

BALANCE SHEET - continued
31 MARCH 2024


The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2024 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.

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 director and authorised for issue on 1 August 2024 and were signed by:





Mr J A M Nicholls - Director


AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024

1. STATUTORY INFORMATION

AN Lightside Properties Ltd 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 financial statements are presented in sterling which is the functional currency of the company and rounded to the nearest £.

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.

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 period 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 period 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 period was NIL.

AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024

4. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
Additions 38,056,386
Disposals (38,056,386 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 1,720,000
Revaluations 285,000
At 31 March 2024 2,005,000
NET BOOK VALUE
At 31 March 2024 2,005,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2024 285,000
Cost 1,720,000
2,005,000

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

£   
Cost 1,720,000

Investment property was valued on an open market basis on 31 March 2024 by Wild Property Consultancy .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other debtors 267

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Tax 4,324
Accruals and deferred income 9,018
13,342

AN LIGHTSIDE PROPERTIES LTD (REGISTERED NUMBER: 14477219)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 10 NOVEMBER 2022 TO 31 MARCH 2024

8. SECURED DEBTS

National Westminster Bank plc holds a legal charge over the assets of the company in respect of a commercial loan in John Nicholls Management Ltd, a connected entity, dated 16 June 2023.

9. PROVISIONS FOR LIABILITIES
£   
Deferred tax
Other timing differences 37,946

Deferred
tax
£   
Provided during period 37,946
Balance at 31 March 2024 37,946

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal
value: £   
3,393,756 C Ordinary £1 3,393,756

3,393,756 C Ordinary shares of £1 each were allotted and fully paid for cash at par during the year.

11. RESERVES
Revaluation
reserve
£   
Investment property revaluation 285,000

At 31 March 2024 285,000

12. ULTIMATE CONTROLLING PARTY

The company is under the control of the Director, Mr J A M Nicholls, by virtue of his shareholding.