Ansari Enterprises Limited
Unaudited Financial Statements
For the year ended 30 June 2024
Pages for Filing with Registrar
Company Registration No. 06510874 (England and Wales)
Ansari Enterprises Limited
Company Information
Directors
Dr. Shaheen Ansari
Dr. Aneel Ansari
Dr. Adeel Ansari
Company number
06510874
Registered office
21 Mount Pleasant Road
Chigwell
Essex
IG7 5EP
Accountants
Moore Kingston Smith LLP
Orbital House
20 Eastern Road
Romford
Essex
RM1 3PJ
Ansari Enterprises Limited
Contents
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 6
Ansari Enterprises Limited
Balance Sheet
As at 30 June 2024
30 June 2024
Page 1
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
2,088,762
2,090,016
Current assets
Cash at bank and in hand
390,984
310,927
Creditors: amounts falling due within one year
5
(25,210)
(23,345)
Net current assets
365,774
287,582
Total assets less current liabilities
2,454,536
2,377,598
Creditors: amounts falling due after more than one year
6
(160,997)
(160,997)
Provisions for liabilities
7
(230,937)
(230,937)
Net assets
2,062,602
1,985,664
Capital and reserves
Called up share capital
8
100
100
Profit and loss reserves
2,062,502
1,985,564
Total equity
2,062,602
1,985,664

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

Ansari Enterprises Limited
Balance Sheet (Continued)
As at 30 June 2024
30 June 2024
Page 2

For the financial year ended 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

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.

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.

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

The financial statements were approved by the board of directors and authorised for issue on 16 March 2025 and are signed on its behalf by:
Dr. Adeel Ansari
Director
Company Registration No. 06510874
Ansari Enterprises Limited
Notes to the Financial Statements
For the year ended 30 June 2024
Page 3
1
Accounting policies
Company information

Ansari Enterprises Limited is a private company limited by shares incorporated in England and Wales. The registered office and business address is 21 Mount Pleasant Road, Chigwell, Essex, IG7 5EP.

1.1
Accounting convention

These financial statements have been prepared in accordance with Section 1A of 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 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, modified to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and for a period of at least twelve months following the approval of these financial statements. Thus the directors continue to adopt the going concern basis of accounting in preparing the financial statements.

1.3
Turnover

Turnover represents rents receivable from properties.

1.4
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:

Land and buildings Freehold
No depreciation
Other tangibles
No depreciation
Fixtures, fittings & equipment
25% reducing balance

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.

1.5
Cash and cash equivalents

Cash and cash equivalents include cash in hand and deposits held at call with banks.

1.6
Financial instruments

The company only has basic financial instruments measured at amortised cost, with no financial instruments classified as other or basic instruments measured at fair value.

 

Ansari Enterprises Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
1
Accounting policies
(Continued)
Page 4
1.7
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.

1.8
Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

2
Employees

The average monthly number of persons (including directors) employed by the company during the year was 3 (2023 - 3).

3
Taxation
2024
2023
£
£
Current tax
UK corporation tax on profits for the current period
23,089
22,345
Deferred tax
Origination and reversal of timing differences
-
0
55,425
Total tax charge
23,089
77,770
Ansari Enterprises Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 5
4
Tangible fixed assets
Land and buildings
Other tangibles, fixtures & fittings
Total
£
£
£
Cost/Valuation
At 1 July 2023 and 30 June 2024
1,626,647
550,548
2,177,195
Depreciation and impairment
At 1 July 2023
-
0
87,179
87,179
Depreciation charged in the year
-
0
1,254
1,254
At 30 June 2024
-
0
88,433
88,433
Carrying amount
At 30 June 2024
1,626,647
462,115
2,088,762
At 30 June 2023
1,626,647
463,369
2,090,016

The freehold property was revalued by BW Healthcare Surveyors Limited, a Chartered Surveyor and RICS Registered Valuer, on 21 March 2019 at market value in its existing use as an owner-occupied doctor's surgery.

 

The freehold property is included in land and buildings at a value of £1,626,647 (2023: £1,626,647) and other tangibles are improvements made on the property at a value of £458,353 (2023: £458,353). The total historical cost of the freehold property is £1,161,250.

5
Creditors: amounts falling due within one year
2024
2023
£
£
Corporation tax
22,910
22,345
Accruals and deferred income
2,300
1,000
25,210
23,345
6
Creditors: amounts falling due after more than one year
2024
2023
£
£
Other creditors
160,997
160,997
Ansari Enterprises Limited
Notes to the Financial Statements (Continued)
For the year ended 30 June 2024
Page 6
7
Provisions for liabilities
2024
2023
£
£
Deferred tax liabilities
230,937
230,937
8
Called up share capital
2024
2023
Ordinary share capital
£
£
Issued and fully paid
Ordinary of £1 each
100
100
9
Related party transactions

At the year end the company owed Dr S Ansari £160,997 (2023: £160,997).

 

During the year the company received rental income of £120,000 (2023: £120,000) from a partnership in which Dr Shaheen Ansari and Dr Adeel Ansari are both partners.

 

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