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REGISTERED NUMBER: 12332932 (England and Wales)














Unaudited Financial Statements

for the Year Ended 30 November 2023

for

ANSELM LTD

ANSELM LTD (REGISTERED NUMBER: 12332932)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


ANSELM LTD

Company Information
for the Year Ended 30 November 2023







DIRECTORS: M Alsoni
G Fanciulli





REGISTERED OFFICE: Flat 4
24 Hornton Street
London
W8 4NR





REGISTERED NUMBER: 12332932 (England and Wales)





ACCOUNTANTS: Hill Wooldridge & Co.
107 Hindes Road
Harrow
Middlesex
HA1 1RU

ANSELM LTD (REGISTERED NUMBER: 12332932)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 5,279 6,840
Investments 5 183,192 183,192
188,471 190,032

CURRENT ASSETS
Debtors 6 32,929 34,257
Cash at bank and in hand 1 15,873
32,930 50,130
CREDITORS
Amounts falling due within one year 7 264,959 258,350
NET CURRENT LIABILITIES (232,029 ) (208,220 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(43,558

)

(18,188

)

CREDITORS
Amounts falling due after more than one
year

8

19,050

39,883
NET LIABILITIES (62,608 ) (58,071 )

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings (62,609 ) (58,072 )
(62,608 ) (58,071 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 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.

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 Board of Directors and authorised for issue on 30 August 2024 and were signed on its behalf by:





G Fanciulli - Director


ANSELM LTD (REGISTERED NUMBER: 12332932)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Anselm 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.

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.

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.

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.

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

ANSELM LTD (REGISTERED NUMBER: 12332932)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 December 2022 11,400
Additions 719
At 30 November 2023 12,119
DEPRECIATION
At 1 December 2022 4,560
Charge for year 2,280
At 30 November 2023 6,840
NET BOOK VALUE
At 30 November 2023 5,279
At 30 November 2022 6,840

5. FIXED ASSET INVESTMENTS
Other
loans
£   
At 1 December 2022
and 30 November 2023 183,192

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 32,929 34,257

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,306 -
Other creditors 254,653 258,350
264,959 258,350

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 19,050 39,883

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal - 883

ANSELM LTD (REGISTERED NUMBER: 12332932)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

9. TRANSACTIONS WITH DIRECTORS

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

2023 2022
£    £   
G Fanciulli
Balance outstanding at start of year 5,000 5,000
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 5,000 5,000

During the year, M Alsoni was paid £5,000 (2022 : £15,000) and G Fanciulli was paid £24,200 (2022 : £15,000) for consultancy services.

10. RELATED PARTY DISCLOSURES

The company holds loan notes issued by its 50% shareholder, Setha Limited.

The total cost of loan notes acquired is £185,560 (2022 : £185,560) which is recorded as a fixed asset investment.

The company has received loans totalling £30,500 (2022 : £30,500) from companies controlled by its two directors.

During the year the company paid £10,000 (2022 : £7,000) for accountancy and consultancy services provided by a company under the control of one of it's directors.