REGISTERED NUMBER: SC642039 (Scotland)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 SEPTEMBER 2024

FOR

ANSALE PROPERTY LIMITED

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr A J Henry

REGISTERED OFFICE:

JSA Services Ltd

83 Princes Street

Edinburgh

EH2 2ER

REGISTERED NUMBER:

SC642039 (Scotland)

ACCOUNTANTS:

Workwell People Solutions Limited

4th Floor

Radius House

51 Clarendon Road

Watford

Hertfordshire

WD17 1HP

FIXED ASSETS

Tangible assets

5

-

-

Investment property

6

264,000

248,000

264,000

248,000

CURRENT ASSETS

Debtors

108

-

Cash at bank

6,951

11,136

7,059

11,136

CREDITORS

Amounts falling due within one year

71,263

73,202

NET CURRENT LIABILITIES

(64,204

)

(62,066

)

TOTAL ASSETS LESS CURRENT LIABILITIES

199,796

185,934

CREDITORS

Amounts falling due after more than one year

7

(175,622

)

(172,506

)

PROVISIONS FOR LIABILITIES

(5,419

)

(2,379

)

NET ASSETS

18,755

11,049

CAPITAL AND RESERVES

Called up share capital

9

100

100

Fair value reserve

23,101

10,141

Retained earnings

(4,446

)

808

SHAREHOLDERS' FUNDS

18,755

11,049

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 director acknowledges his 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 September 2024 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the director and authorised for issue on 18 May 2025 and were signed by:

Mr A J Henry - Director

1.	STATUTORY INFORMATION

Ansale Property Limited is a private company, limited by shares , registered in Scotland. The company's registered number and registered office address can be found on the Company Information page.

2.	STATEMENT OF COMPLIANCE

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.

3.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

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

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

33% on cost

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.

4.	EMPLOYEES AND DIRECTORS

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

5.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1 October 2023

and 30 September 2024

500

DEPRECIATION

At 1 October 2023

and 30 September 2024

500

NET BOOK VALUE

At 30 September 2024

-

At 30 September 2023

-

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 October 2023

248,000

Revaluations

16,000

At 30 September 2024

264,000

NET BOOK VALUE

At 30 September 2024

264,000

At 30 September 2023

248,000

Fair value at 30 September 2024 is represented by:

£

Valuation in 2021

6,020

Valuation in 2022

(87,500

)

Valuation in 2023

12,000

Valuation in 2024

16,000

Cost

317,480

264,000

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS

2024

2023

£

£

Repayable by instalments

Bank loans more 5 yr by instal

175,622

172,506

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

175,622

172,506

9.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2024

2023

value:

£

£

100

Ordinary

£1

100

100

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 September 2024 and 30 September 2023:

2024

2023

£

£

Mr A J Henry

Balance outstanding at start of year

(72,484

)

(73,380

)

Amounts advanced

2,047

955

Amounts repaid

(497

)

(59

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(70,934

)

(72,484

)