REGISTERED NUMBER: 12871566 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30TH SEPTEMBER 2024

FOR

ANIKA PROPERTY LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Statement of Financial Position

3

Notes to the Financial Statements

5

DIRECTOR:

Dr M Shahid

REGISTERED OFFICE:

c/o French Ludlam & Co Limited

661 High Street

Kingswinford

West Midlands

DY6 8AL

REGISTERED NUMBER:

12871566 (England and Wales)

ACCOUNTANTS:

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Statement of Financial Position. Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Anika Property Limited for the year ended 30th September 2024 which comprise the Statement of Comprehensive Income, Statement of Financial Position, Statement of Changes in Equity and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook.

This report is made solely to the director of Anika Property Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Anika Property Limited and state those matters that we have agreed to state to the director of Anika Property Limited in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at

https://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/tf-163-jan-24.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that Anika Property Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Anika Property Limited. You consider that Anika Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Anika Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

French Ludlam & Co Limited

Mountfield House

661 High Street

Kingswinford

West Midlands

DY6 8AL

17th June 2025

FIXED ASSETS

Investment property

4

290,000

290,000

CURRENT ASSETS

Debtors

5

4,375

1,874

Cash at bank

1,117

1,837

5,492

3,711

CREDITORS

Amounts falling due within one year

6

82,897

75,694

NET CURRENT LIABILITIES

(77,405

)

(71,983

)

TOTAL ASSETS LESS CURRENT LIABILITIES

212,595

218,017

CREDITORS

Amounts falling due after more than one year

7

(173,400

)

(170,744

)

PROVISIONS FOR LIABILITIES

9

(5,982

)

(7,516

)

NET ASSETS

33,213

39,757

CAPITAL AND RESERVES

Called up share capital

1

1

Other reserves

10

32,044

32,044

Retained earnings

10

1,168

7,712

33,213

39,757

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30th 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.

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

The financial statements were approved by the director and authorised for issue on 17th June 2025 and were signed by:

Dr M Shahid - Director

1.	STATUTORY INFORMATION

Anika Property 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.

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 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.

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 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 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 1st October 2023

and 30th September 2024

290,000

NET BOOK VALUE

At 30th September 2024

290,000

At 30th September 2023

290,000

In the director's opinion the current carrying value of investment properties is reflective of the current market values.

Fair value at 30th September 2024 is represented by:

£

Valuation in 2021

29,560

Valuation in 2022

10,000

Cost

250,440

290,000

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Other debtors

4,375

1,874

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2024

2023

£

£

Bank loans and overdrafts

-

1,536

Taxation and social security

-

984

Other creditors

82,897

73,174

82,897

75,694

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2024

2023

£

£

Bank loans

173,400

170,744

Amounts falling due in more than five years:

Repayable by instalments

Mortgage

173,400

164,601

A re-mortgage has taken place in the year. This mortgage is interest only.

8.	SECURED DEBTS

The following secured debts are included within creditors:

2024

2023

£

£

Bank loans

173,400

172,280

9.	PROVISIONS FOR LIABILITIES

2024

2023

£

£

Deferred tax

5,982

7,516

Deferred tax

£

Balance at 1st October 2023

7,516

Provided during year

(1,534

)

Balance at 30th September 2024

5,982

10.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1st October 2023

7,712

32,044

39,756

Deficit for the year

(6,544

)

(6,544

)

At 30th September 2024

1,168

32,044

33,212