Annette Sosna (Holdings) Limited 02813714 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is letting of real estate. Digita Accounts Production Advanced 6.30.9574.0 true 02813714 2023-11-01 2024-10-31 02813714 2024-10-31 02813714 core:CurrentFinancialInstruments 2024-10-31 02813714 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 02813714 core:FurnitureFittingsToolsEquipment 2024-10-31 02813714 bus:SmallEntities 2023-11-01 2024-10-31 02813714 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 02813714 bus:FilletedAccounts 2023-11-01 2024-10-31 02813714 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 02813714 bus:RegisteredOffice 2023-11-01 2024-10-31 02813714 bus:CompanySecretaryDirector1 2023-11-01 2024-10-31 02813714 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 02813714 core:ComputerEquipment 2023-11-01 2024-10-31 02813714 core:FurnitureFittingsToolsEquipment 2023-11-01 2024-10-31 02813714 core:PlantMachinery 2023-11-01 2024-10-31 02813714 core:OtherRelatedParties 2023-11-01 2024-10-31 02813714 countries:EnglandWales 2023-11-01 2024-10-31 02813714 2023-10-31 02813714 core:FurnitureFittingsToolsEquipment 2023-10-31 02813714 2022-11-01 2023-10-31 02813714 2023-10-31 02813714 core:CurrentFinancialInstruments 2023-10-31 02813714 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 02813714 core:FurnitureFittingsToolsEquipment 2023-10-31 iso4217:GBP xbrli:pure

Registration number: 02813714

Prepared for the registrar

Annette Sosna (Holdings) Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 31 October 2024

 

Annette Sosna (Holdings) Limited

(Registration number: 02813714)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

189

254

Investment property

5

800,000

800,000

 

800,189

800,254

Current assets

 

Debtors

6

-

111,896

Cash at bank and in hand

 

211,600

134,168

 

211,600

246,064

Creditors: Amounts falling due within one year

7

(39,594)

(38,011)

Net current assets

 

172,006

208,053

Net assets

 

972,195

1,008,307

Capital and reserves

 

Called up share capital

100

100

Revaluation reserve

154,459

154,459

Retained earnings

817,636

853,748

Shareholders' funds

 

972,195

1,008,307

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 1 December 2024 and signed on its behalf by:
 


A M Sosna
Company secretary and director

 

Annette Sosna (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

 

1

General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
38F Montpellier Spa Road
Cheltenham
Gloucestershire
GL50 1UL

 

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except for, where disclosed in these accounting policies, certain items that are shown at fair value.

The presentational currency of the financial statements is Pounds Sterling, being the functional currency of the primary economic environment in which the company operates. Monetary amounts in these financial statements are rounded to the nearest Pound.

Revenue recognition

Turnover comprises the fair value of the rental income received or receivable in respect of the investment property in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts and after eliminating sales within the company.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises current and deferred tax. Tax is recognised in the profit and loss account, except that a charge attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Plant and machinery

25% straight line

Computer equipment

25% straight line

 

Annette Sosna (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

Dividends

Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.

Financial instruments


Classification
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability on the balance sheet. The corresponding dividends relating to the liability component are charged as interest expenses in the profit and loss account.


Recognition and measurement
All financial assets and liabilities are initially measured at transaction price (including transaction costs), except for those financial assets classified as at fair value through profit or loss, which are initially measured at fair value (which is normally the transaction price excluding transaction costs), unless the arrangement constitutes a financing transaction. If an arrangement constitutes a financing transaction, the financial asset or financial liability is measured at the present value of the future payments discounted at a market rate of interest for a similar debt instrument.


Impairment
Assets, other than those measured at fair value, are assessed for indicators of impairment at each balance sheet date. If there is objective evidence of impairment, an impairment loss is recognised in profit or loss.

 

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 4 (2023 - 4).

 

Annette Sosna (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

 

4

Tangible assets

Furniture, fittings and equipment
 £

Cost or valuation

At 1 November 2023

4,197

At 31 October 2024

4,197

Depreciation

At 1 November 2023

3,943

Charge for the year

65

At 31 October 2024

4,008

Carrying amount

At 31 October 2024

189

At 31 October 2023

254

 

5

Investment properties

2024
£

At 1 November 2022 and 31 October 2023

800,000

At 31 October 2023, the investment property was valued by the directors on an open market basis.

There has been no valuation of investment property by an independent valuer.

The original cost of the property was £645,541.

 

6

Debtors

2024
£

2023
£

Receivables from related parties

-

111,896

-

111,896

 

7

Creditors

2024
£

2023
£

Due within one year

Amounts due to related parties

1,575

-

Taxation and social security

11,752

12,004

Accruals and deferred income

15,467

15,207

Other creditors

10,800

10,800

39,594

38,011

 

Annette Sosna (Holdings) Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

 

8

Related party transactions

Summary of transactions with other related parties

At 31 October 2024, the company owed £1,575 to (2023: £3,125 owed from) its directors in the form of directors' loan accounts. Interest of £nil (2023: £1,036) was charged on this balance, and there are no fixed repayment terms.

At 31 October 2024, the company was owed £nil (2023: £108,771) by L Sosna & Son Limited, a company under common control. No interest was charged on this balance, and there are no fixed terms for repayment.