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Company No: 06395904 (England and Wales)

ANDERSON NOBLE LIMITED

Unaudited Financial Statements
For the financial year ended 31 October 2024
Pages for filing with the registrar

ANDERSON NOBLE LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

ANDERSON NOBLE LIMITED

STATEMENT OF FINANCIAL POSITION

As at 31 October 2024
ANDERSON NOBLE LIMITED

STATEMENT OF FINANCIAL POSITION (continued)

As at 31 October 2024
Note 2024 2023
£ £
Restated - note 2
Fixed assets
Tangible assets 4 12,941 7,457
Investment property 5 2,882,888 2,868,676
2,895,829 2,876,133
Current assets
Debtors 6 18,554 24,149
Cash at bank and in hand 546,952 458,566
565,506 482,715
Creditors: amounts falling due within one year 7 ( 1,274,908) ( 1,298,233)
Net current liabilities (709,402) (815,518)
Total assets less current liabilities 2,186,427 2,060,615
Provision for liabilities 8 ( 54,732) ( 83,114)
Net assets 2,131,695 1,977,501
Capital and reserves
Called-up share capital 9 100 100
Profit and loss account 11 2,131,595 1,977,401
Total shareholder's funds 2,131,695 1,977,501

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.

Director's responsibilities:

The financial statements of Anderson Noble Limited (registered number: 06395904) were approved and authorised for issue by the Director on 31 January 2025. They were signed on its behalf by:

Antony Taylor
Director
ANDERSON NOBLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
ANDERSON NOBLE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Anderson Noble Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is C/O Feridax (1957) Ltd Park Lane, Halesowen, B63 2NT, United Kingdom. The principal place of business is Stanford Road, Great Witley, Worcester, WR6 6JG.

The financial statements have been prepared under the historical cost convention, modified to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Going concern

The director has assessed the Statement of Financial Position and likely future cash flows at the date of approving these financial statements. The director has a reasonable expectation that the Company has adequate resources to continue in operational existence and to meet its financial obligations as they fall due for at least 12 months from the date of signing these financial statements. Accordingly, they continue to adopt the going concern basis in preparing the financial statements.

Prior year adjustment

If material misstatements are found in prior period figures, those figures are restated to allow comparability between periods.

Turnover

Turnover is recognised at the fair value of the consideration received or receivable for goods and services provided in the normal course of business, and is shown net of relevant VAT and other sales related taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Turnover is recognised when the significant risks and rewards are considered to have been transferred to the customer.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Statement of Financial Position date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

Tangible fixed assets

Tangible fixed assets are stated at cost (or deemed cost) or valuation less accumulated depreciation and accumulated impairment losses. Cost includes costs directly attributable to making the asset capable of operating as intended. Depreciation is provided on all tangible fixed assets, other than investment properties and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a reducing balance basis over its expected useful life, as follows:

Plant and machinery 20 % reducing balance

Residual value represents the estimated amount which would currently be obtained from disposal of an asset, after deducting estimated costs of disposal, if the asset were already of the age and in the condition expected at the end of its useful life.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

2. Prior year adjustment

In prior years investment property was not recognised at its full value, as the value of the property on transfer into the company, and owed to the director, had not been recognised. Therefore the prior year figures have been restated to reflect the fair value of the property. In prior years, amounts owed to the director had been reported as due > 1 year, there was no agreement in place for this, and therefore amounts owed to director are now reflected as due within one year.

As previously reported Adjustment As restated
Year ended 31 October 2023 £ £ £
Investment property 2,718,676 150,000 2,868,676
Amounts owed to director 1,107,253 150,000 1,257,253
Amounts owed to director >1 year 1,257,253 (1,257,253) 0
Amounts owed to director <1 year 0 1,257,253 1,257,253

3. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including the director 1 1

4. Tangible assets

Plant and machinery Total
£ £
Cost
At 01 November 2023 13,190 13,190
Additions 7,750 7,750
At 31 October 2024 20,940 20,940
Accumulated depreciation
At 01 November 2023 5,733 5,733
Charge for the financial year 2,266 2,266
At 31 October 2024 7,999 7,999
Net book value
At 31 October 2024 12,941 12,941
At 31 October 2023 7,457 7,457

5. Investment property

Investment property
£
Valuation
As at 01 November 2023 2,868,676
Additions 14,212
As at 31 October 2024 2,882,888

Assumptions

These assumptions were arrived at taking account of information from publicly available data and judgement. A significant level of uncertainty exists in relation to these assumptions and any changes in these assumptions could have a material impact on the carrying value of Investment Property in the financial statements. The 2024 valuations were made by the director, on an open market value for existing use basis.

6. Debtors

2024 2023
£ £
Accrued income 0 14,097
VAT recoverable 8,534 32
Other debtors 10,020 10,020
18,554 24,149

7. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 378
Taxation and social security 40,614 37,840
Other creditors 1,234,294 1,260,015
1,274,908 1,298,233

8. Deferred tax

2024 2023
£ £
At the beginning of financial year ( 83,114) ( 83,126)
Credited to the Statement of Income and Retained Earnings 28,382 12
At the end of financial year ( 54,732) ( 83,114)

9. Called-up share capital

2024 2023
£ £
Allotted, called-up and fully-paid
100 Ordinary shares of £ 1.00 each 100 100

10. Related party transactions

Transactions with the entity's director

2024 2023
£ £
Amounts owed to director 1,203,200 1,257,253

11. Profit and Loss Reserve

The profit and loss reserve balance of £2,131,595 at the balance sheet date contains unrealised gains, net of associated deferred tax, of £272,568 in relation to the company's investment properties. This amount is non-distributable.