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REGISTERED NUMBER: 05610393 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ANASTASI ESTATES LIMITED

ANASTASI ESTATES LIMITED (REGISTERED NUMBER: 05610393)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024










Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


ANASTASI ESTATES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mr James Anastasi





REGISTERED OFFICE: c/o Michael Filiou Ltd
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS





REGISTERED NUMBER: 05610393 (England and Wales)





ACCOUNTANTS: Michael Filiou Ltd
Chartered Certified Accountants
www.michaelfiliou.com
Salisbury House
81 High Street
Potters Bar
Hertfordshire
EN6 5AS

ANASTASI ESTATES LIMITED (REGISTERED NUMBER: 05610393)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,299 2,516
Investments 6 1 1
Investment property 7 5,670,460 5,604,460
5,672,760 5,606,977

CURRENT ASSETS
Debtors 99,142 98,278
Cash at bank 347,504 336,656
446,646 434,934
CREDITORS
Amounts falling due within one year 171,162 168,116
NET CURRENT ASSETS 275,484 266,818
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,948,244

5,873,795

CREDITORS
Amounts falling due after more than one year 8 (2,266,865 ) (2,334,465 )

PROVISIONS FOR LIABILITIES (465,657 ) (465,669 )
NET ASSETS 3,215,722 3,073,661

ANASTASI ESTATES LIMITED (REGISTERED NUMBER: 05610393)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024

2024 2023
Notes £    £    £    £   
CAPITAL AND RESERVES
Called up share capital 11 4 4
Fair value reserve 12 929,616 929,616
Retained earnings 2,286,102 2,144,041
SHAREHOLDERS' FUNDS 3,215,722 3,073,661

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

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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 30 July 2024 and were signed by:





Mr James Anastasi - Director


ANASTASI ESTATES LIMITED (REGISTERED NUMBER: 05610393)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024


1. STATUTORY INFORMATION

Anastasi 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. STATEMENT OF COMPLIANCE

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.

3. ACCOUNTING POLICIES

Basis of preparing the financial statements
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Preparation of consolidated financial statements
The financial statements contain information about Anastasi 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.

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 the rent receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Furniture and equipment - 25% on reducing balance

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

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.


ANASTASI ESTATES LIMITED (REGISTERED NUMBER: 05610393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


3. ACCOUNTING POLICIES - continued
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.

4. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

5. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023 62,473
Additions 549
At 31 March 2024 63,022
DEPRECIATION
At 1 April 2023 59,957
Charge for year 766
At 31 March 2024 60,723
NET BOOK VALUE
At 31 March 2024 2,299
At 31 March 2023 2,516

ANASTASI ESTATES LIMITED (REGISTERED NUMBER: 05610393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


6. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 1
NET BOOK VALUE
At 31 March 2024 1
At 31 March 2023 1

The company's investments at the Balance Sheet date in the share capital of companies include the following:


Anastasi (2010) Limited
Registered office: United Kingdom
Nature of business: Property investments
%
Class of shares: holding
Ordinary 100.00

7. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 5,604,460
Additions 66,000
At 31 March 2024 5,670,460
NET BOOK VALUE
At 31 March 2024 5,670,460
At 31 March 2023 5,604,460

The director is of the opinion that the valuation of the investment properties remains appropriate as at the reporting date.

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 2,061,494
Cost 3,608,966
5,670,460

ANASTASI ESTATES LIMITED (REGISTERED NUMBER: 05610393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Mortgage loans > 5 yrs 1,896,681 1,980,208

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Mortgage loans < 1 yr 71,637 69,000

Amounts falling due between two and five years:
Mortgage loans - 2-5 years 314,860 303,271

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loans > 5 yrs 1,896,681 1,980,208

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,283,178 2,352,479

The bank loans are secured via first legal charges over the leaseholds of the flats of each investment property as well as by personal guarantees put up by the director, and third party legal charges over the freeholds of each investment property.

11. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
4 Ordinary £1 4 4

ANASTASI ESTATES LIMITED (REGISTERED NUMBER: 05610393)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MARCH 2024


12. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 929,616

13. RELATED PARTY DISCLOSURES

Anastasi (2010) Limited
At the balance sheet date, the company was owed £4,028 (2023 - £4,028) by Anastasi (2010) Limited, a wholly owned subsidiary undertaking.

Anastasi London Limited
At the balance sheet date, the company owed £55,324 (2023 - £50,986) owed to Anastasi London Limited, a fellow subsidiary undertaking.

Anastasi Holdings Limited
At the balance sheet date, the company owed £7,927 (2023 - £6,399) to Anastasi Holdings Limited, its parent undertaking.

Vantex Trimmings Ltd
At the balance sheet date, Vantex Trimmings Ltd, a company having common management and controlling parties, owed £75,685 (2023 - £75,685) to the company and is included under other debtors. This is an unsecured interest-free loan which is repayable on demand.

14. ULTIMATE CONTROLLING PARTY

Mr James Anastasi and Mrs Eleni Ascroft are the ultimate controlling parties by virtue of the fact that between them they hold all 100% interest in the parent company, Anastasi Holdings Limited.

15. PARENT COMPANY

The parent company is Anastasi Holdings Limited which owns all 100% of the issued share capital of the company.