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Logo On Report
Registered Number: 12362615
England and Wales

 

 

 

ANGELL DEVELOPMENTS LTD


Unaudited Financial Statements
 


Period of accounts

Start date: 01 January 2023

End date: 31 December 2023
Director Robert Matthew ANGELL
Registered Number 12362615
Registered Office 37A Victoria Road
Southampton
Hampshire
SO19 9DY
Accountants JSR MANAGEMENT & HR CONSULTANCY SERVICES LTD
37A Victoria Road
Woolston
Southampton
SO19 9DY
1
Director's report and financial statements
The director presents his/her/their annual report and the financial statements for the year ended 31 December 2023.
Principal activities
Principal activity of the company during the financial year was of buying and selling of real estate and other letting and operating of own or leased real estate.
Director
The director who served the company throughout the year was as follows:
Robert Matthew ANGELL
Statement of director's responsibilities
The director is responsible for preparing the directors' report and the financial statements in accordance with applicable law and regulations and in accordance with United Kingdom Generally Accepted Accounting Practice.
Company law requires the director to prepare financial statements for each financial year. Under that law the director has elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (Financial Reporting Standard 102). Under company law the director must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and the profit or loss of the company for that period.
In preparing these financial statements, the director is required to :
  • select suitable accounting policies and then apply them consistently
  • make judgements and accounting estimates that are reasonable and prudent
  • state whether applicable UK Accounting Standards have been followed, subject to any material departures disclosed and explained in the financial statements and
  • prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.
The director is responsible for keeping adequate accounting records that are sufficient to show and explain the company’s transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. The director is also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.
The director is responsible for the maintenance and integrity of the corporate and financial information included on the company's website. Legislation in the United Kingdom, governing the preparation and dissemination of financial statements, may differ from legislation in other jurisdictions
Employment of disabled persons
Applications for employment by disabled persons are always fully considered, bearing in mind the respective aptitudes and abilities of the applicant concerned. In the event of employees becoming disabled every effort is made to ensure that their employment with the company continues and the appropriate training is arranged. It is the policy of the company that the training, career development and promotion of a disabled person should, as far as possible, be identical to that of an employee who does not suffer from a disability.

On behalf of the board.


----------------------------------
Robert Matthew ANGELL
Director

Date approved: 24 September 2024
2
 
 
Notes
 
2023
£
  2022
£
Fixed assets      
Tangible fixed assets 3 271,300    271,516 
271,300    271,516 
Current assets      
Debtors 4 119,000    119,000 
Cash at bank and in hand 502    1,746 
119,502    120,746 
Creditors: amount falling due within one year 5   (2,535)
Net current assets 119,502    118,211 
 
Total assets less current liabilities 390,802    389,727 
Creditors: amount falling due after more than one year 6 (410,311)   (407,068)
Net assets (19,509)   (17,341)
 

Capital and reserves
     
Called up share capital 2    2 
Profit and loss account (19,511)   (17,343)
Shareholders' funds (19,509)   (17,341)
 


For the year ended 31 December 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476.
  2. The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
These 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 to the Registrar of Companies.
The financial statements were approved by the director on 24 September 2024 and were signed by:


-------------------------------
Robert Matthew ANGELL
Director
3
General Information
Angell Developments Ltd is a private company, limited by shares, registered in England and Wales, registration number 12362615, registration address 37A Victoria Road, Southampton, Hampshire, SO19 9DY.

The presentation currency is £ sterling.
1.

Accounting policies

Significant accounting policies
Statement of compliance
These financial statements have been prepared in compliance with FRS 102 The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
Basis of preparation
The financial statements have been prepared on the going concern basis and under the historical cost convention as modified by the revaluation of land and buildings and certain financial instruments measured at fair value in accordance with the accounting policies.
The financial statements are prepared in sterling which is the functional currency of the company.
Going concern basis
The directors believe they have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis of accounting in preparing the financial statements.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and any trade discounts applied.
Website cost
Planning and operating costs for the company's website are charged to the income statement as incurred.
Tangible fixed assets
Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
Plant and Machinery 25% Straight Line
Fixtures and Fittings 25% Straight Line
Computer Equipment 25% Straight Line
Investment properties
Investment properties are properties held to earn rentals and/or for capital appreciation.
Investment properties should be recognised initially at cost and subsequently investment properties are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise.
2.

Average number of employees including Directors

Average number of employees during the year was 2 (2022 : 0).
3.

Tangible fixed assets

Cost or valuation Plant and Machinery   Fixtures and Fittings   Computer Equipment   Investment properties   Total
  £   £   £   £   £
At 01 January 2023 2,620    523    2,888    267,775    273,806 
Additions     1,418      1,418 
Disposals        
At 31 December 2023 2,620    523    4,306    267,775    275,224 
Depreciation
At 01 January 2023 103    261    1,926      2,290 
Charge for year 706    131    797      1,634 
On disposals        
At 31 December 2023 809    392    2,723      3,924 
Net book values
Closing balance as at 31 December 2023 1,811    131    1,583    267,775    271,300 
Opening balance as at 01 January 2023 2,517    262    962    267,775    271,516 


4.

Debtors: amounts falling due after one year

2023
£
  2022
£
Other Debtors 119,000    119,000 
119,000    119,000 

5.

Creditors: amount falling due within one year

2023
£
  2022
£
Trade Creditors   2,535 
  2,535 

6.

Creditors: amount falling due after more than one year

2023
£
  2022
£
Bank Loans & Overdrafts (secured) 250,432    250,432 
Directors' Loan Accounts 159,879    156,636 
410,311    407,068 

4