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REGISTERED NUMBER: 07096583 (England and Wales)














ABRIDGED UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2024

FOR

ANASTASI LONDON LIMITED

ANASTASI LONDON LIMITED (REGISTERED NUMBER: 07096583)

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 LONDON LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MARCH 2024







DIRECTOR: Mrs Eleni Ascroft





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





REGISTERED NUMBER: 07096583 (England and Wales)





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

ANASTASI LONDON LIMITED (REGISTERED NUMBER: 07096583)

ABRIDGED BALANCE SHEET
31 MARCH 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 4,420 5,525
Investment property 6 5,430,421 5,430,421
5,434,841 5,435,946

CURRENT ASSETS
Debtors 7 137,258 131,232
Cash at bank 172,928 202,931
310,186 334,163
CREDITORS
Amounts falling due within one year 249,178 255,985
NET CURRENT ASSETS 61,008 78,178
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,495,849

5,514,124

CREDITORS
Amounts falling due after more than one year 8 (2,108,734 ) (2,177,339 )

PROVISIONS FOR LIABILITIES (298,113 ) (298,113 )
NET ASSETS 3,089,002 3,038,672

CAPITAL AND RESERVES
Called up share capital 11 1 1
Fair value reserve 12 1,271,770 1,271,770
Retained earnings 1,817,231 1,766,901
SHAREHOLDERS' FUNDS 3,089,002 3,038,672

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 her 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.

ANASTASI LONDON LIMITED (REGISTERED NUMBER: 07096583)

ABRIDGED BALANCE SHEET - continued
31 MARCH 2024


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:





Mrs Eleni Ascroft - Director


ANASTASI LONDON LIMITED (REGISTERED NUMBER: 07096583)

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


1. STATUTORY INFORMATION

Anastasi London 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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Freehold property represents the fair values of the freehold interests of long leasehold investment properties owned by the company.

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.

Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

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 LONDON LIMITED (REGISTERED NUMBER: 07096583)

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
and 31 March 2024 39,107
DEPRECIATION
At 1 April 2023 33,582
Charge for year 1,105
At 31 March 2024 34,687
NET BOOK VALUE
At 31 March 2024 4,420
At 31 March 2023 5,525

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023
and 31 March 2024 5,430,421
NET BOOK VALUE
At 31 March 2024 5,430,421
At 31 March 2023 5,430,421

ANASTASI LONDON LIMITED (REGISTERED NUMBER: 07096583)

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


6. INVESTMENT PROPERTY - continued

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2019 1,570,086
Cost 3,860,335
5,430,421

7. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Amounts owed by group undertakings 55,324 50,986

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
2024 2023
£    £   
Repayable by instalments
Mortgage loans > 5 yrs 1,748,942 1,804,234

9. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Bank overdrafts (4,388 ) (4,268 )
Mortgage loans < 1 yr 77,303 81,654
72,915 77,386

Amounts falling due between two and five years:
Mortgage loans - 2-5 yrs 359,792 373,105

Amounts falling due in more than five years:

Repayable by instalments
Mortgage loans > 5 yrs 1,748,942 1,804,234

ANASTASI LONDON LIMITED (REGISTERED NUMBER: 07096583)

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


10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,186,037 2,258,993

The 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: £    £   
1 Ordinary £1 1 1

12. RESERVES
Fair
value
reserve
£   
At 1 April 2023
and 31 March 2024 1,271,770

13. RELATED PARTY DISCLOSURES

Anastasi Holdings Limited
At the balance sheet date, the company owed £102,484 ( 2023 - £101,287) to Anastasi Holdings Limited, its parent undertaking.

Anastasi Estates Limited
At the balance sheet date, the company was owed £55,324 (2023 - £50,986) by its fellow subsidiary and former parent company, Anastasi Estates Limited.

Anastasi (2010) Limited
At the balance sheet date, the company was owed £4,388 (2023 - £4,268) by its fellow group subsidiary, Anastasi (2010) Limited.

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.

ANASTASI LONDON LIMITED (REGISTERED NUMBER: 07096583)

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


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.

In May 2020, a corporate restructuring took place that caused the ownership of 100% of the shares of Anastasi London Limited to transfer from Anastasi Estates Limited to Anastasi Holdings Limited. Mr James Anastasi and Mrs Eleni Ascroft each hold 50% of the issued share capital in Anastasi Holdings Ltd. Thus the ultimate controlling parties did not change.

15. PARENT COMPANY

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