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REGISTERED NUMBER: 04500352 (England and Wales)















ANGLO ITALIAN PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 SEPTEMBER 2024






ANGLO ITALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 04500352)

CONTENTS OF THE FINANCIAL STATEMENTS
For The Year Ended 30 SEPTEMBER 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


ANGLO ITALIAN PROPERTIES LIMITED

COMPANY INFORMATION
For The Year Ended 30 SEPTEMBER 2024







DIRECTORS: M Elwell
M Elwell





SECRETARY: M Elwell





REGISTERED OFFICE: 8 Church Green East
Redditch
Worcestershire
B98 8BP





REGISTERED NUMBER: 04500352 (England and Wales)





ACCOUNTANTS: Charles Lovell & Co Limited
Chartered Certified Accountants
and Statutory Auditors
8 Church Green East
Redditch
Worcestershire
B98 8BP

ANGLO ITALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 04500352)

BALANCE SHEET
30 SEPTEMBER 2024

30.9.24 30.9.23
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 1,315,360 1,330,965

CURRENT ASSETS
Debtors 5 15,012 14,177
Cash at bank and in hand 14,559 9,654
29,571 23,831
CREDITORS
Amounts falling due within one year 6 44,910 58,183
NET CURRENT LIABILITIES (15,339 ) (34,352 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,300,021

1,296,613

CREDITORS
Amounts falling due after more than one
year

7

(736,201

)

(733,550

)

PROVISIONS FOR LIABILITIES (95,306 ) (102,903 )
NET ASSETS 468,514 460,160

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 9 612,217 619,055
Retained earnings (143,803 ) (158,995 )
SHAREHOLDERS' FUNDS 468,514 460,160

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

ANGLO ITALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 04500352)

BALANCE SHEET - continued
30 SEPTEMBER 2024


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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 1 May 2025 and were signed on its behalf by:




M Elwell - Director



M Elwell - Director


ANGLO ITALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 04500352)

NOTES TO THE FINANCIAL STATEMENTS
For The Year Ended 30 SEPTEMBER 2024


1. STATUTORY INFORMATION

Anglo Italian Properties Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold prop - 2% on cost
Improvements to Property - 20% on cost
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

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 is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Income from operating leases
Income from operating leases represents net invoiced rent receiveable. Where an invoice covers a period that extends over the balance sheet date, the income recognised represents the proportion of the invoice to the balance sheet date and the balance is recorded as deferred income.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

ANGLO ITALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 04500352)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
prop Property machinery
£    £    £   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 1,350,000 50,023 5,665
DEPRECIATION
At 1 October 2023 27,000 43,068 5,618
Charge for year 13,500 1,852 11
At 30 September 2024 40,500 44,920 5,629
NET BOOK VALUE
At 30 September 2024 1,309,500 5,103 36
At 30 September 2023 1,323,000 6,955 47

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
COST OR VALUATION
At 1 October 2023
and 30 September 2024 21,089 11,760 4,973 1,443,510
DEPRECIATION
At 1 October 2023 20,862 11,024 4,973 112,545
Charge for year 58 184 - 15,605
At 30 September 2024 20,920 11,208 4,973 128,150
NET BOOK VALUE
At 30 September 2024 169 552 - 1,315,360
At 30 September 2023 227 736 - 1,330,965

Included in cost or valuation of land and buildings is freehold land of £675,000 (2023 £675,000) which is not depreciated.

Cost or valuation at 30 September 2024 is represented by:

Improvements
Freehold to Plant and
prop Property machinery
£    £    £   
Valuation in 2011 306,836 - -
Valuation in 2013 74,549 - -
Valuation in 2016 80,000 - -
Valuation in 2019 143,333 - -
Valuation in 2021 131,667 - -
Cost 613,615 50,023 5,665
1,350,000 50,023 5,665

ANGLO ITALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 04500352)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 SEPTEMBER 2024


4. TANGIBLE FIXED ASSETS - continued

Fixtures
and Motor Computer
fittings vehicles equipment Totals
£    £    £    £   
Valuation in 2011 - - - 306,836
Valuation in 2013 - - - 74,549
Valuation in 2016 - - - 80,000
Valuation in 2019 - - - 143,333
Valuation in 2021 - - - 131,667
Cost 21,089 11,760 4,973 707,125
21,089 11,760 4,973 1,443,510

If freehold land and buildings had not been revalued they would have been included at the following historical cost:

30.9.24 30.9.23
£    £   
Cost 613,615 613,615
Aggregate depreciation 107,643 100,981

Value of land in freehold land and buildings 280,507 280,507

Freehold land and buildings were valued on an open market basis on 30 September 2024 by the Directors .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Trade debtors 1,750 -
Other debtors 13,262 14,177
15,012 14,177

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans and overdrafts 414 3,174
Trade creditors 7,875 7,220
Amounts owed to group undertakings 11,019 11,197
Taxation and social security 19,952 30,742
Other creditors 5,650 5,850
44,910 58,183

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
30.9.24 30.9.23
£    £   
Bank loans 736,201 733,550

ANGLO ITALIAN PROPERTIES LIMITED (REGISTERED NUMBER: 04500352)

NOTES TO THE FINANCIAL STATEMENTS - continued
For The Year Ended 30 SEPTEMBER 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
30.9.24 30.9.23
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 734,199 720,415

8. SECURED DEBTS

The following secured debts are included within creditors:

30.9.24 30.9.23
£    £   
Bank loans 736,615 736,724

A legal charge was created on 9 September 2016 in favour of The Royal Bank of Scotland plc, over the property 71 Alcester Road, Hollywood, Birmingham, B47 5PN.

9. RESERVES
Fair
value
reserve
£   
At 1 October 2023 619,055
Transfer (6,838 )

At 30 September 2024 612,217

10. RELATED PARTY DISCLOSURES

The company bank borrowings are secured by an all moneys guarantee from the directors, dated 14/08/2007, for a principal amount of £200,000 plus interest and other costs, as detailed in the guarantee together with such security as the Bank may from time to time hold in respect of the debts and liabilities of the guarantors to the Bank.

11. ULTIMATE CONTROLLING PARTY

The ultimate controlling party are the directors of the parent company Anglo Italian Holdings Inc Limited, M Elwell and M Elwell acting in concert.