Company registration number 05935619 (England and Wales)
ANSTRUTHER REALISATIONS LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
PAGES FOR FILING WITH REGISTRAR
ANSTRUTHER REALISATIONS LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Statement of changes in equity
3
Notes to the financial statements
4 - 7
ANSTRUTHER REALISATIONS LIMITED
BALANCE SHEET
AS AT
31 MARCH 2024
31 March 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
3
175,001
175,001
Investments
4
595,534
654,039
770,535
829,040
Current assets
Debtors
5
256,910
257,585
Cash at bank and in hand
92,490
18,661
349,400
276,246
Creditors: amounts falling due within one year
6
(17,040)
(875)
Net current assets
332,360
275,371
Total assets less current liabilities
1,102,895
1,104,411
Provisions for liabilities
7
(10,568)
(10,568)
Net assets
1,092,327
1,093,843
Capital and reserves
Called up share capital
8
25,617
25,617
Profit and loss reserves
1,066,710
1,068,226
Total equity
1,092,327
1,093,843
ANSTRUTHER REALISATIONS LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2024
31 March 2024
- 2 -
For the financial year ended 31 March 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 13 November 2024 and are signed on its behalf by:
Mr A Weston
Mr S N Weston
Director
Director
Company registration number 05935619 (England and Wales)
ANSTRUTHER REALISATIONS LIMITED
STATEMENT OF CHANGES IN EQUITY
FOR THE YEAR ENDED 31 MARCH 2024
- 3 -
Share capital
Share premium account
Profit and loss reserves
Total
Notes
£
£
£
£
Balance at 1 April 2022
25,617
1,145,850
18,073
1,189,540
Year ended 31 March 2023:
Loss and total comprehensive income
-
-
(75,497)
(75,497)
Dividends
-
-
(20,200)
(20,200)
Other movements
-
(1,145,850)
1,145,850
-
Balance at 31 March 2023
25,617
1,068,226
1,093,843
Year ended 31 March 2024:
Profit and total comprehensive income
-
-
26,084
26,084
Dividends
-
-
(27,600)
(27,600)
Balance at 31 March 2024
25,617
1,066,710
1,092,327
ANSTRUTHER REALISATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2024
- 4 -
1
Accounting policies
Company information
Anstruther Realisations Limited is a private company limited by shares incorporated in England and Wales. The registered office is 25 Fallowfield, Stanmore, Middlesex, HA7 3DF.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.
The financial statements have been prepared under the historical cost convention. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised at the fair value of the consideration received or receivable for rent provided in the normal course of business, and is shown net of VAT and other sales related taxes.
When cash inflows are deferred and represent a financing arrangement, the fair value of the consideration is the present value of the future receipts. The difference between the fair value of the consideration and the nominal amount received is recognised as interest income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
not depreciated
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Fixed asset investments
Listed investments are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals of impairment losses are recognised immediately in profit or loss.
1.5
Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
1.6
Equity instruments
Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
ANSTRUTHER REALISATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
1
Accounting policies
(Continued)
- 5 -
1.7
Employee benefits
The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.
The cost of any unused holiday entitlement is recognised in the period in which the employee’s services are received.
Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.
2
Employees
There were no employees in the company during the current or prior year.
3
Tangible fixed assets
Land and buildings
£
Cost
At 1 April 2023 and 31 March 2024
175,001
Depreciation and impairment
At 1 April 2023 and 31 March 2024
Carrying amount
At 31 March 2024
175,001
At 31 March 2023
175,001
Land and buildings with a carrying amount of £175,001 were revalued at 31 March 2019 by independent valuers not connected with the company on the basis of market value. The valuation conforms to International Valuation Standards and was based on recent market transactions on arm's length terms for similar properties.
If revalued assets were stated on an historical cost basis rather than a fair value basis, the carrying amount would have been £140,000 (2023: £140,000).
4
Fixed asset investments
2024
2023
£
£
Other investments other than loans
595,534
654,039
ANSTRUTHER REALISATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
4
Fixed asset investments
(Continued)
- 6 -
Movements in fixed asset investments
Investments
£
Cost or valuation
At 1 April 2023
654,039
Additions
272,373
Valuation changes
28,774
Disposals
(359,652)
At 31 March 2024
595,534
Carrying amount
At 31 March 2024
595,534
At 31 March 2023
654,039
5
Debtors
2024
2023
Amounts falling due within one year:
£
£
Amounts owed by group undertakings
256,910
257,585
Amounts owed by group undertakings are interest free and repayable on demand.
6
Creditors: amounts falling due within one year
2024
2023
£
£
Other creditors
17,040
875
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
10,568
10,568
8
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary A of 10p each
25,620
25,620
2,562
2,562
Ordinary B of 10p each
230,550
230,550
23,055
23,055
256,170
256,170
25,617
25,617
ANSTRUTHER REALISATIONS LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2024
- 7 -
9
Parent company
The immediate and ultimate parent company is Anstruther Realisations (Holdings) limited, which holds 100% of the company's share capital. The registered office of Anstruther Realisations (Holdings) Limited is 25 Fallowfield, Stanmore, Middlesex, United Kingdom, HA7 3DF. Consolidated accounts are not prepared as the group is small.
The ultimate controlling party is A H Weston and L H Weston, due to their jointly controlling majority interest in the ordinary share capital of Anstruther Realisations (Holdings) limited.