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REGISTERED NUMBER: 09682279 (England and Wales)












Unaudited Financial Statements

for the Year Ended 31 July 2024

for

A N Futures Limited

A N Futures Limited (Registered number: 09682279)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A N Futures Limited

Company Information
for the Year Ended 31 July 2024







DIRECTORS: N A Howe
Mrs J S Dredger





REGISTERED OFFICE: Hampton House
Meadway
Berkhamstead
Hertfordshire
HP4 2PN





REGISTERED NUMBER: 09682279 (England and Wales)





ACCOUNTANTS: Xeinadin
Ground Floor
Citygate
Longridge Road
Preston
Lancashire
PR2 5BQ

A N Futures Limited (Registered number: 09682279)

Balance Sheet
31 July 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,062,466 1,040,000

CURRENT ASSETS
Cash at bank 16,637 16,329

CREDITORS
Amounts falling due within one year 5 785,811 784,238
NET CURRENT LIABILITIES (769,174 ) (767,909 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

293,292

272,091

PROVISIONS FOR LIABILITIES 35,727 35,727
NET ASSETS 257,565 236,364

CAPITAL AND RESERVES
Called up share capital 2 2
Non-distributable reserve 153,750 153,750
Retained earnings 103,813 82,612
SHAREHOLDERS' FUNDS 257,565 236,364

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

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

A N Futures Limited (Registered number: 09682279)

Balance Sheet - continued
31 July 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 Board of Directors and authorised for issue on 18 November 2024 and were signed on its behalf by:





N A Howe - Director


A N Futures Limited (Registered number: 09682279)

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

1. STATUTORY INFORMATION

A N Futures Limited 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 as modified by the revaluation of certain assets.

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.
Motor vehicles - 25% on 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 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

A N Futures Limited (Registered number: 09682279)

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

4. TANGIBLE FIXED ASSETS
Freehold Motor
property vehicles Totals
£    £    £   
COST OR VALUATION
At 1 August 2023 1,040,000 - 1,040,000
Additions - 27,650 27,650
At 31 July 2024 1,040,000 27,650 1,067,650
DEPRECIATION
Charge for year - 5,184 5,184
At 31 July 2024 - 5,184 5,184
NET BOOK VALUE
At 31 July 2024 1,040,000 22,466 1,062,466
At 31 July 2023 1,040,000 - 1,040,000

Cost or valuation at 31 July 2024 is represented by:

Freehold Motor
property vehicles Totals
£    £    £   
Valuation in 2018 214,000 - 214,000
Cost 826,000 27,650 853,650
1,040,000 27,650 1,067,650

If freehold property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 826,000 826,000

Value of land in freehold land and buildings 826,000 826,000

Freehold property was valued on an open market basis on 28 July 2018 by Belvoir Estate Agents .

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Tax 5,917 6,189
Directors' current accounts 778,349 776,477
Accrued expenses 1,545 1,572
785,811 784,238

A N Futures Limited (Registered number: 09682279)

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

6. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 July 2024 and 31 July 2023:

2024 2023
£    £   
N A Howe
Balance outstanding at start of year 776,477 801,897
Amounts advanced 1,872 3,175
Amounts repaid - (28,595 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 778,349 776,477