REGISTERED NUMBER: 12815851 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2024

FOR

A N E DEVELOPMENTS LTD

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Investment property

4

378,888

378,888

CURRENT ASSETS

Debtors

5

4,128

2,589

Cash at bank

16,570

31,455

20,698

34,044

CREDITORS

Amounts falling due within one year

6

173,408

174,321

NET CURRENT LIABILITIES

(152,710

)

(140,277

)

TOTAL ASSETS LESS CURRENT LIABILITIES

226,178

238,611

CREDITORS

Amounts falling due after more than one year

7

227,715

234,356

NET (LIABILITIES)/ASSETS

(1,537

)

4,255

CAPITAL AND RESERVES

Called up share capital

10

200

200

Retained earnings

(1,737

)

4,055

SHAREHOLDERS' FUNDS

(1,537

)

4,255

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2024.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 August 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.

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 May 2025 and were signed on its behalf by:

C E Evangelou - Director

1.	STATUTORY INFORMATION

A N E Developments Ltd is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

12815851

Registered office:

368 Forest Road

London

E17 5JF

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

3.	EMPLOYEES AND DIRECTORS

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

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2023

and 31 August 2024

378,888

NET BOOK VALUE

At 31 August 2024

378,888

At 31 August 2023

378,888

The fair value of the investment property has been arrived at on the basis of a valuation carried out at 31 August 2024 by the Director. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties.

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Trade debtors

2,307

871

Other debtors

1,821

1,718

4,128

2,589

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts (see note 8)

5,341

5,341

Trade creditors

(178

)

1,080

Amounts owed to connected undertakings

164,228

161,700

Taxation and social security

(2

)

2,180

Other creditors

4,019

4,020

173,408

174,321

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans (see note 8)

227,715

234,356

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

80,619

82,910

8.

LOANS

An analysis of the maturity of loans is given below:

2024

2023

£

£

Amounts falling due within one year or on demand:

Bank loans

5,341

5,341

Amounts falling due between one and two years:

Bank loans - 1-2 years

7,206

7,206

Amounts falling due between two and five years:

Bank loans - 2-5 years

139,890

144,240

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

80,619

82,910

9.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

233,056

239,697

10.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

60

Ordinary A

£1

60

60

20

Ordinary B

£1

20

20

10

Ordinary C

£1

10

10

10

Ordinary D

£1

10

10

200

200

11.	RELATED PARTY DISCLOSURES

The Company's related parties, the nature of the relationship and the extent of the transactions with them are summarised below:

2024

2023

£

£

Amounts owed by/(to) C E Evangelou (Director)

1,078

1,154

Amounts owed by/(to) TCQ Surveyors Limited (connected undertakings)

(164,228

)

(161,700

)

The balances owed as at 2024 and 2023 relate to interest free loans repayable on demand with no fixed repayment terms.

Connected Undertakings:

A company having the same or predominantly the same shareholders and or Board of Directors but which neither is a parent, subsidiary, fellow subsidiary nor associated company.