Number
01255915
ANDERSON HOUSE LIMITED
Filleted Accounts
31 January 2024
ANDERSON HOUSE LIMITED
Registered number: 01255915
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 - -
Investments 4 507,000 507,000
507,000 507,000
Current assets
Debtors 5 289 285
Cash at bank and in hand 11,729 30,842
12,018 31,127
Creditors: amounts falling due within one year 6 (14,825) (44,571)
Net current liabilities (2,807) (13,444)
Total assets less current liabilities 504,193 493,556
Creditors: amounts falling due after more than one year (3,234) (4,727)
Provisions for liabilities (76,420) (80,182)
Net assets 424,539 408,647
Capital and reserves
Called up share capital 100 100
Fair value reserve (non-distributable) 383,470 383,470
Profit and loss account 40,969 25,077
Shareholders' funds 424,539 408,647
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mrs. Rosalyn Fletcher
Director
Approved by the board on 9 October 2024
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures and fittings over 4 years
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Fixtures and fittings Total
£ £
Cost
At 1 February 2023 10,022 10,022
At 31 January 2024 10,022 10,022
Depreciation
At 1 February 2023 10,022 10,022
At 31 January 2024 10,022 10,022
Net book value
At 31 January 2024 - -
At 31 January 2023 - -
4 Investments
Investment
property Total
Fair value £ £
At 1 February 2023 507,000 507,000
At 31 January 2024 507,000 507,000
Historical cost
At 1 February 2023 127,789
At 31 January 2024 127,789
5 Debtors 2024 2023
£ £
Prepayments 289 285
289 285
6 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans 1,493 1,455
Payments on account 3,360 3,360
Corporation tax 3,314 4,906
Mrs. Rosalyn Fletcher and James Anderson Fletcher 6,022 34,388
VAT 545 413
Accruals 91 49
14,825 44,571
7 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 3,234 4,727
8 Loans 2024 2023
£ £
Creditors include:
Instalments falling due for payment after more than five years - -
9 Ultimate controlling party and related party transactions
The company was under the control of throughout the current and previous period.
No transactions with related parties were undertaken such as are required to be disclosed under FRS 102 except for those disclosed below.
2024 2023
£ £
Equity dividends paid to Mrs. Rosalyn Fletcher and James Anderson Fletcher 2,000 4,000
Balance owing (to) / from Mrs. Rosalyn Fletcher and James Anderson Fletcher (6,022) (34,388)
Interest at 2.25% per annum is charged on balances over £10,000 owed to the company.
10 Other information
ANDERSON HOUSE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
Hawthorne Cottage
Dubwath
Basssenthwaite Lake
Cumbria
CA13 9YD
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