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REGISTERED NUMBER: 08351340 (England and Wales)















Andy Warner Ltd

Unaudited Financial Statements for the Year Ended 31 January 2024






Andy Warner Ltd (Registered number: 08351340)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Andy Warner Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTOR: A Warner





REGISTERED OFFICE: 386 Maidstone Road
Gillingham
Kent
ME8 0HT





REGISTERED NUMBER: 08351340 (England and Wales)





ACCOUNTANTS: Aggarwal & Co Limited
Chartered Accountants
5 London Road
Rainham
Gillingham
Kent
ME8 7RG

Andy Warner Ltd (Registered number: 08351340)

Statement of Financial Position
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 - 18,000
Tangible assets 5 - -
Investment property 6 160,000 460,000
160,000 478,000

CURRENT ASSETS
Debtors 7 - 7,140
Cash at bank 977,568 658,231
977,568 665,371
CREDITORS
Amounts falling due within one year 8 57,439 203,397
NET CURRENT ASSETS 920,129 461,974
TOTAL ASSETS LESS CURRENT LIABILITIES 1,080,129 939,974

PROVISIONS FOR LIABILITIES - 15,050
NET ASSETS 1,080,129 924,924

CAPITAL AND RESERVES
Called up share capital 1 1
Fair value reserve - 52,651
Retained earnings 1,080,128 872,272
1,080,129 924,924

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

Andy Warner Ltd (Registered number: 08351340)

Statement of Financial Position - continued
31 January 2024


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 11 September 2024 and were signed by:





A Warner - Director


Andy Warner Ltd (Registered number: 08351340)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

Andy Warner 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 presentation currency of the financial statements is the Pound Sterling (£).


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.

Income recognition
Income represents the fair value of consideration received or receivable derived from the provision of services to landlords during the year (excluding value added tax) and is recognised when the company becomes entitled to it, usually on the rendering of an invoice.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2014, is being amortised evenly over its estimated useful life of ten years.

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.
Plant and machinery etc - 33% on cost

Investment property
Investment property is included at fair value. Gains are recognised in the income statement and shown in a fair value reserve. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

Financial instruments
The Company enters into basic financial instruments that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties and loans to related parties.

Basic financial instruments are recognised at amortised 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 statement of financial position date.


Andy Warner Ltd (Registered number: 08351340)

Notes to the Financial Statements - continued
for the Year Ended 31 January 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 statement of financial position 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 4 (2023 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 February 2023 180,000
Disposals (180,000 )
At 31 January 2024 -
AMORTISATION
At 1 February 2023 162,000
Eliminated on disposal (162,000 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -
At 31 January 2023 18,000

Andy Warner Ltd (Registered number: 08351340)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

5. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 February 2023 787
Disposals (787 )
At 31 January 2024 -
DEPRECIATION
At 1 February 2023 787
Eliminated on disposal (787 )
At 31 January 2024 -
NET BOOK VALUE
At 31 January 2024 -

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023 460,000
Disposals (150,954 )
Revaluations (67,701 )
Impairments (81,345 )
At 31 January 2024 160,000
NET BOOK VALUE
At 31 January 2024 160,000
At 31 January 2023 460,000

The investment property was valued by the director at the balance sheet date.

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 160,000

Investment properties were valued on market value basis on 31 January 2024 by the director .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors - 6,930
Other debtors - 210
- 7,140

Andy Warner Ltd (Registered number: 08351340)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Taxation and social security 36,167 43,369
Other creditors 21,272 160,028
57,439 203,397