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REGISTERED NUMBER: 02812339 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 June 2024

for

ANSELL PROPERTIES LIMITED

ANSELL PROPERTIES LIMITED (Registered number: 02812339)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Income Statement 2

Balance Sheet 3

Notes to the Financial Statements 5


ANSELL PROPERTIES LIMITED

Company Information
for the Year Ended 30 June 2024







DIRECTORS: Mr S Finn
Mr D Finn





REGISTERED OFFICE: Lynwood House
373/375 Station Road
Harrow
HA1 2AW





REGISTERED NUMBER: 02812339 (England and Wales)






ANSELL PROPERTIES LIMITED (Registered number: 02812339)

Income Statement
for the Year Ended 30 June 2024

30.6.24 30.6.23
Notes £    £   

TURNOVER 178,978 176,913

Administrative expenses 43,449 134,501
135,529 42,412

Other operating income 145,660 9,020
OPERATING PROFIT 4 281,189 51,432

Interest receivable and similar income 1,946 264
PROFIT BEFORE TAXATION 283,135 51,696

Tax on profit 30,785 9,996
PROFIT FOR THE FINANCIAL YEAR 252,350 41,700

ANSELL PROPERTIES LIMITED (Registered number: 02812339)

Balance Sheet
30 June 2024

30.6.24 30.6.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 5 2,054 2,739
Investment property 6 2,572,493 2,572,493
2,574,547 2,575,232

CURRENT ASSETS
Debtors 7 - 283
Cash at bank 156,491 110,129
156,491 110,412
CREDITORS
Amounts falling due within one year 8 38,307 170,263
NET CURRENT ASSETS/(LIABILITIES) 118,184 (59,851 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,692,731

2,515,381

PROVISIONS FOR LIABILITIES 9 380,000 380,000
NET ASSETS 2,312,731 2,135,381

CAPITAL AND RESERVES
Called up share capital 10 102 102
Fair value reserve 11 2,000,000 2,000,000
Retained earnings 11 312,629 135,279
SHAREHOLDERS' FUNDS 2,312,731 2,135,381

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 2024 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.

ANSELL PROPERTIES LIMITED (Registered number: 02812339)

Balance Sheet - continued
30 June 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The financial statements were approved by the Board of Directors and authorised for issue on 5 August 2024 and were signed on its behalf by:





Mr D Finn - Director


ANSELL PROPERTIES LIMITED (Registered number: 02812339)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

ANSELL PROPERTIES 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.

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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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

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.

ANSELL PROPERTIES LIMITED (Registered number: 02812339)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Financial instruments
Initial recognition of financial assets and liabilities.

A financial asset or a financial liability is recognised only when the company becomes a party to the contractual provisions of the instrument.

Initial measurement
When a financial asset or liability is recognised initially, the company shall measure it at the transaction price including transaction costs except in the initial measurement of financial assets and liabilities that are measured at fair value through profit or loss unless the arrangement constitutes, in effect, a financial transaction. If the arrangement constitutes a financial transaction, the company shall measure the financial asset or financial liability at the present value of the future payments discounted at the market rate of interest for a similar debt instrument.

Subsequent measurement
At the end of each reporting period, the company shall measure financial instruments without any deduction for transaction costs the company may incur on sale or other disposal. Debt instruments shall be measured at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year shall be measured at the undiscounted amount of the cash or other consideration expected to be paid or received unless the arrangement constitutes, in effect, a financial transaction. If the arrangement constitutes a financing transaction, the company shall measure the debt instrument at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.

Impairment of financial instruments
Impairment of financial instruments measured at cost or amortised cost. At the end of each reporting period, the company shall assess whether there is objective evidence of impairment of any financial assets that are measured at cost or amortised cost.If there is objective evidence of impairment, the company shall recognise an impairment loss in profit or loss immediately.

Derecognition of a financial asset
The company shall derecognise a financial asset only when the contractual rights to the cash flows from the financial asset expire or are settled, or the company transfers to another party substantially all of the risks and rewards of ownership of the financial asset, or the company, despite having retained some significant risks and rewards of ownership, has transferred control of the asset to another party and other party has the practical ability to sell the asset in its entirety to an unrelated third party and is able to exercise that ability unilaterally and without needing to impose additional restrictions on the transfer. In this case, the company shall derecognise the asset and recognise separately any rights and obligations retained or created in the transfer.

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.


ANSELL PROPERTIES LIMITED (Registered number: 02812339)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

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

4. OPERATING PROFIT

The operating profit is stated after charging:

30.6.24 30.6.23
£    £   
Depreciation - owned assets 685 913

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 July 2023
and 30 June 2024 153,220
DEPRECIATION
At 1 July 2023 150,481
Charge for year 685
At 30 June 2024 151,166
NET BOOK VALUE
At 30 June 2024 2,054
At 30 June 2023 2,739

ANSELL PROPERTIES LIMITED (Registered number: 02812339)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023
and 30 June 2024 2,572,493
NET BOOK VALUE
At 30 June 2024 2,572,493
At 30 June 2023 2,572,493

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 2,000,000
Cost 572,493
2,572,493

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Other debtors - 283

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.6.24 30.6.23
£    £   
Amounts owed to participating interests - 140,819
Tax 32,938 9,997
Directors' current accounts - 14,140
Accrued expenses 5,369 5,307
38,307 170,263

9. PROVISIONS FOR LIABILITIES
30.6.24 30.6.23
£    £   
Deferred tax 380,000 380,000

Deferred
tax
£   
Balance at 1 July 2023 380,000
Balance at 30 June 2024 380,000

ANSELL PROPERTIES LIMITED (Registered number: 02812339)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.6.24 30.6.23
value: £    £   
102 Ordinary £1 102 102

11. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 July 2023 135,279 2,000,000 2,135,279
Profit for the year 252,350 252,350
Dividends (75,000 ) (75,000 )
At 30 June 2024 312,629 2,000,000 2,312,629