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Company No: 00421705 (England and Wales)

ANCHOR BAY TRADING ESTATE LIMITED

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

ANCHOR BAY TRADING ESTATE LIMITED

Unaudited Financial Statements

For the financial year ended 31 October 2024

Contents

ANCHOR BAY TRADING ESTATE LIMITED

COMPANY INFORMATION

For the financial year ended 31 October 2024
ANCHOR BAY TRADING ESTATE LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 October 2024
DIRECTORS D A Ross
B A Widdowson
G A Widdowson
REGISTERED OFFICE The Kelling Estate Office Holt Road
Kelling
Holt
NR25 7EW
United Kingdom
COMPANY NUMBER 00421705 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
ANCHOR BAY TRADING ESTATE LIMITED

BALANCE SHEET

As at 31 October 2024
ANCHOR BAY TRADING ESTATE LIMITED

BALANCE SHEET (continued)

As at 31 October 2024
Note 31.10.2024 31.10.2023
£ £
Fixed assets
Investment property 3 7,375,000 6,387,500
7,375,000 6,387,500
Current assets
Debtors 4 234,886 239,073
Cash at bank and in hand 99,659 41,725
334,545 280,798
Creditors: amounts falling due within one year 5 ( 87,761) ( 632,611)
Net current assets/(liabilities) 246,784 (351,813)
Total assets less current liabilities 7,621,784 6,035,687
Provision for liabilities ( 1,460,740) ( 1,213,865)
Net assets 6,161,044 4,821,822
Capital and reserves
Called-up share capital 15,000 15,000
Fair value reserve 5,563,349 4,822,723
Profit and loss account 582,695 ( 15,901 )
Total shareholders' funds 6,161,044 4,821,822

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:

These financial statements have been prepared in accordance with the provisions of FRS 102 Section 1A – small entities. The financial statements of Anchor Bay Trading Estate Limited (registered number: 00421705) were approved and authorised for issue by the Board of Directors on 28 March 2025. They were signed on its behalf by:

D A Ross
Director
ANCHOR BAY TRADING ESTATE LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 October 2024
ANCHOR BAY TRADING ESTATE 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

Anchor Bay Trading Estate 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 The Kelling Estate Office Holt Road, Kelling, Holt, NR25 7EW, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and 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 £.

Turnover

Turnover represents the total invoice value, excluding value added tax, of management fees and rent receivable during the year. Lease incentives income from operating leases are spread over the lease term.

Taxation

Current tax
Taxation for the year comprises current tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. Current taxation assets and liabilities are not discounted.

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 Balance Sheet date.

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 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.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

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 directors, on an open market value for existing use basis.

2. Employees

31.10.2024 31.10.2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 3 3

3. Investment property

Investment property
£
Valuation
As at 01 November 2023 6,387,500
Fair value movement 987,500
As at 31 October 2024 7,375,000

The investment property was valued on a fair value basis on 31st October 2024 by the Directors.

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

31.10.2024 31.10.2023
£ £
Historic cost 350,912 350,912

4. Debtors

31.10.2024 31.10.2023
£ £
Trade debtors 0 736
Deferred tax asset 49,791 0
Other debtors 185,095 238,337
234,886 239,073

5. Creditors: amounts falling due within one year

31.10.2024 31.10.2023
£ £
Trade creditors 2,738 6,000
Amounts owed to related parties 0 498,264
Other taxation and social security 28,307 28,561
Other creditors 56,716 99,786
87,761 632,611

6. Ultimate controlling party

The ultimate parent company is Kenninghall Group Limited , registered in England and Wales. Registered number is 05349383 and registered office is The Kelling Estate Office, Kelling, Norfolk, United Kingdom, NR25 7EW.