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REGISTERED NUMBER: 02888038 (England and Wales)


























Financial Statements

for the Year Ended 31 March 2024

for

Annexe Inc. Limited

Annexe Inc. Limited (Registered number: 02888038)






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




Page

Abridged Balance Sheet 1

Notes to the Financial Statements 3


Annexe Inc. Limited (Registered number: 02888038)

Abridged Balance Sheet
31 March 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 5,000 5,000
Investment property 6 2,790,000 1,925,000
2,795,000 1,930,000

CURRENT ASSETS
Debtors 3,644 44,317
Cash at bank 12,278 32,250
15,922 76,567
CREDITORS
Amounts falling due within one year 38,318 46,027
NET CURRENT (LIABILITIES)/ASSETS (22,396 ) 30,540
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,772,604

1,960,540

CREDITORS
Amounts falling due after more than one
year

(515,000

)

(500,000

)

PROVISIONS FOR LIABILITIES (331,868 ) (167,518 )
NET ASSETS 1,925,736 1,293,022

CAPITAL AND RESERVES
Called up share capital 1,158 1,158
Share premium 86,742 86,742
Capital redemption reserve 15 15
Retained earnings 1,837,821 1,205,107
SHAREHOLDERS' FUNDS 1,925,736 1,293,022

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

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

Annexe Inc. Limited (Registered number: 02888038)

Abridged Balance Sheet - continued
31 March 2024


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

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 March 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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 7 October 2024 and were signed on its behalf by:





N C Stanley - Director


Annexe Inc. Limited (Registered number: 02888038)

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

1. STATUTORY INFORMATION

Annexe Inc. Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 02888038

Registered office: 13 Hope Street
Liverpool
L1 9BQ

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 represents invoiced rents and service charges receivable.

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

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 April 2023
and 31 March 2024 7,695
DEPRECIATION
At 1 April 2023
and 31 March 2024 7,695
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 -

Annexe Inc. Limited (Registered number: 02888038)

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

5. FIXED ASSET INVESTMENTS

Information on investments other than loans is as follows:
Totals
£   
COST
At 1 April 2023
and 31 March 2024 5,000
NET BOOK VALUE
At 31 March 2024 5,000
At 31 March 2023 5,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,925,000
Revaluations 865,000
At 31 March 2024 2,790,000
NET BOOK VALUE
At 31 March 2024 2,790,000
At 31 March 2023 1,925,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2018 785,738
Valuation in 2023 865,000
Cost 1,139,262
2,790,000

If investment properties had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,139,262 1,139,262
Aggregate depreciation 95,938 95,938

Investment properties was valued on an open market basis on 27 October 2023 by the company bankers .

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 500,000 500,000