Caseware UK (AP4) 2024.0.164 2024.0.164 2025-06-302025-06-30The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.The principal activity of the Company is that of the letting and operating of owned or leased real estate.2024-07-01false44truetruefalse 11937518 2024-07-01 2025-06-30 11937518 2023-07-01 2024-06-30 11937518 2025-06-30 11937518 2024-06-30 11937518 c:Director2 2024-07-01 2025-06-30 11937518 c:Director3 2024-07-01 2025-06-30 11937518 c:Director4 2024-07-01 2025-06-30 11937518 c:Director5 2024-07-01 2025-06-30 11937518 c:RegisteredOffice 2024-07-01 2025-06-30 11937518 d:FreeholdInvestmentProperty 2025-06-30 11937518 d:FreeholdInvestmentProperty 2024-06-30 11937518 d:CurrentFinancialInstruments 2025-06-30 11937518 d:CurrentFinancialInstruments 2024-06-30 11937518 d:CurrentFinancialInstruments d:WithinOneYear 2025-06-30 11937518 d:CurrentFinancialInstruments d:WithinOneYear 2024-06-30 11937518 d:ShareCapital 2025-06-30 11937518 d:ShareCapital 2024-06-30 11937518 d:OtherMiscellaneousReserve 2025-06-30 11937518 d:OtherMiscellaneousReserve 2024-06-30 11937518 d:RetainedEarningsAccumulatedLosses 2025-06-30 11937518 d:RetainedEarningsAccumulatedLosses 2024-06-30 11937518 c:FRS102 2024-07-01 2025-06-30 11937518 c:AuditExempt-NoAccountantsReport 2024-07-01 2025-06-30 11937518 c:FullAccounts 2024-07-01 2025-06-30 11937518 c:PrivateLimitedCompanyLtd 2024-07-01 2025-06-30 11937518 4 2024-07-01 2025-06-30 11937518 e:PoundSterling 2024-07-01 2025-06-30 iso4217:GBP xbrli:pure
Registered number: 11937518














NEG ST ANNS LIMITED
UNAUDITED
FINANCIAL STATEMENTS
INFORMATION FOR FILING WITH THE REGISTRAR
FOR THE YEAR ENDED 30 JUNE 2025

 
NEG ST ANNS LIMITED
 
 
COMPANY INFORMATION


Directors
I Hanokh 
D Liberman 
E Yelizarov 
R B Michael 




Registered number
11937518



Registered office
2nd Floor - Parkgates Bury New Road
Prestwich

Manchester

England

M25 0TL




Accountants
Sopher + Co LLP
Chartered Accountants

5 Elstree Gate

Elstree Way

Borehamwood

Hertfordshire

WD6 1JD





 
NEG ST ANNS LIMITED
 

CONTENTS



Page
Statement of Financial Position
 
 
1 - 2
Notes to the Financial Statements
 
 
3 - 7


 
NEG ST ANNS LIMITED
REGISTERED NUMBER:11937518

STATEMENT OF FINANCIAL POSITION
AS AT 30 JUNE 2025

2025
2024
Note
£
£

Fixed assets
  

Investment property
 4 
7,560,000
7,560,000

Current assets
  

Debtors
 5 
60,163
3,998

Cash at bank and in hand
  
96,417
109,178

  
156,580
113,176

Current liabilities
  

Creditors: amounts falling due within one year
 6 
(8,182,809)
(7,796,875)

Net current liabilities
  
 
 
(8,026,229)
 
 
(7,683,699)

Total assets less current liabilities
  
(466,229)
(123,699)

Provisions for liabilities
  

Deferred tax
  
(502,043)
(502,043)

Net liabilities
  
(968,272)
(625,742)


Capital and reserves
  

Called up share capital 
  
480
480

Fair value reserve
  
1,506,129
1,506,129

Profit and loss account
  
(2,474,881)
(2,132,351)

  
(968,272)
(625,742)


Page 1

 
NEG ST ANNS LIMITED
REGISTERED NUMBER:11937518
    
STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 JUNE 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 


I Hanokh
Director

Date: 6 August 2025

The notes on pages 3 to 7 form part of these financial statements.

Page 2

 
NEG ST ANNS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

1.


General information

NEG St Anns Limited is a private company limited by shares incorporated in England and Wales. The registered office is 2nd Floor - Parkgates Bury New Road, Prestwich, Manchester, England, M25 0TL.
The principal activity of the company continued to be that of the letting and operating of owned or leased real estate.
The company's functional and presentational currency is £ Sterling.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Going concern

The company is deemed to be a going concern and therefore the accounts have been prepared on the going concern basis. The directors and shareholders will pay liabilities as they fall due and fulfil negative reserves through the continued support of cash injections. On the basis of the above, the shareholders consider the company to be a going concern for the foreseeable future.

 
2.3

Turnover

Turnover represents rental income received from the company's investment property net of value added tax.
Rental income is recognised on a calendar basis.

 
2.4

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.5

Borrowing costs

All borrowing costs are recognised in profit or loss in the year in which they are incurred.

Page 3

 
NEG ST ANNS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.6

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.7

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.

 
2.8

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

 
2.9

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.10

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Page 4

 
NEG ST ANNS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

2.Accounting policies (continued)

 
2.11

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.12

Financial instruments

Basic financial assets

Basic financial assets, which include trade and other debtors, cash and bank balances, are initially measured at their transaction price (adjusted for transaction costs except in the initial measurement of financial assets that are subsequently measured at fair value through profit and loss) and are subsequently carried at their amortised cost using the effective interest method, less any provision for impairment, unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest.

Discounting is omitted where the effect of discounting is immaterial. The Company's cash and cash equivalents, trade and most other debtors due with the operating cycle fall into this category of financial instruments.

Financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after the deduction of all its liabilities.

Basic financial liabilities, which include trade and other creditors, bank loans and other loans are initially measured at their transaction price (adjusting for transaction costs except in the initial measurement of financial liabilities that are subsequently measured at fair value through profit and loss). When this constitutes a financing transaction, whereby the debt instrument is measured at the present value of the future payments discounted at a market rate of interest, discounting is omitted where the effect of discounting is immaterial.

Debt instruments are subsequently carried at their amortised cost using the effective interest rate method.

Trade creditors are obligations to pay for goods and services that have been acquired in the ordinary course of business from suppliers. Trade creditors are classified as current liabilities if the payment is due within one year. If not, they represent non-current liabilities. Trade creditors are initially recognised at their transaction price and subsequently are measured at amortised cost using the effective interest method. Discounting is omitted where the effect of discounting is immaterial.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2024 - 4).

Page 5

 
NEG ST ANNS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

4.


Investment property


Freehold investment property

£



Valuation


At 1 July 2024
7,560,000



At 30 June 2025
7,560,000

The investment property was valued at 30 June 2025 by the Directors with no change in the fair value being required.





5.


Debtors

2025
2024
£
£



Trade debtors
59,803
1,672

Other debtors
360
360

Prepayments and accrued income
-
1,966

60,163
3,998


Page 6

 
NEG ST ANNS LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2025

6.


Creditors: Amounts falling due within one year

2025
2024
£
£

Bank loans
2,112,500
2,237,500

Other loans
5,695,640
5,201,980

Trade creditors
20,902
38,910

Corporation tax
200
-

Other taxation and social security
168,408
85,268

Accruals and deferred income
185,159
233,217

8,182,809
7,796,875


The following liabilities were secured:

2025
2024
£
£



Bank loans
2,112,500
2,237,500

Other loans
5,662,745
5,169,085

7,775,245
7,406,585

Details of security provided:

Bank loans are secured by way of a fixed and floating charge dated 20 October 2020.
Other loans are secured by way of a fixed and floating charge dated 17 February 2022.


7.


Related party transactions

Included within other loans are amounts totalling £5,662,745 (2024 - £5,169,085) owed to one of the shareholders. These amounts are repayable on demand and interest has been charged at a market rate.

 
Page 7