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REGISTERED NUMBER: 05389083 (England and Wales)

















Unaudited Financial Statements

for the Year Ended 30 June 2024

for

Annacliffe Ltd

Annacliffe Ltd (Registered number: 05389083)






Contents of the Financial Statements
for the Year Ended 30 June 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 9

Annacliffe Ltd

Company Information
for the Year Ended 30 June 2024







DIRECTOR: Mr J S Bowe





REGISTERED OFFICE: Grove House
774-780 Wilmslow Road
Didsbury
Manchester
M20 2DR





REGISTERED NUMBER: 05389083 (England and Wales)





ACCOUNTANTS: Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR

Annacliffe Ltd (Registered number: 05389083)

Balance Sheet
30 June 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 20,000 40,000
Tangible assets 5 3,290,284 2,345,257
Investment property 6 1,264,300 1,538,364
4,574,584 3,923,621

CURRENT ASSETS
Debtors 7 990,160 658,016
Cash at bank and in hand 38,950 215,931
1,029,110 873,947
CREDITORS
Amounts falling due within one year 8 (508,355 ) (438,379 )
NET CURRENT ASSETS 520,755 435,568
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,095,339

4,359,189

CREDITORS
Amounts falling due after more than one
year

9

(2,725,500

)

(3,009,556

)

PROVISIONS FOR LIABILITIES (233,127 ) (9,888 )
NET ASSETS 2,136,712 1,339,745

CAPITAL AND RESERVES
Called up share capital 2 2
Revaluation reserve 11 602,082 112,404
Retained earnings 1,534,628 1,227,339
SHAREHOLDERS' FUNDS 2,136,712 1,339,745

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

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

Annacliffe Ltd (Registered number: 05389083)

Balance Sheet - continued
30 June 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 director and authorised for issue on 14 August 2025 and were signed by:





Mr J S Bowe - Director


Annacliffe Ltd (Registered number: 05389083)

Notes to the Financial Statements
for the Year Ended 30 June 2024

1. STATUTORY INFORMATION

Annacliffe Ltd 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.

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2006, is being amortised evenly over its estimated useful life of twenty years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - 2% on cost
Improvements to property - 2% on cost
Plant and machinery - 20% on cost
Fixtures and fittings - at varying rates on cost
Computer equipment - Straight line over 3 years

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 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.

Annacliffe Ltd (Registered number: 05389083)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Financial instruments
Financial instruments are classified and accounted for according to the substance of the contractual arrangement, as either financial assets, liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company, after deducting all liabilities.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 65 (2023 - 65 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 July 2023
and 30 June 2024 400,000
AMORTISATION
At 1 July 2023 360,000
Amortisation for year 20,000
At 30 June 2024 380,000
NET BOOK VALUE
At 30 June 2024 20,000
At 30 June 2023 40,000

5. TANGIBLE FIXED ASSETS
Improvements
Freehold to Plant and
property property machinery
£    £    £   
COST OR VALUATION
At 1 July 2023 1,041,435 1,624,808 136,372
Additions - 207,748 -
Revaluations 652,905 - -
At 30 June 2024 1,694,340 1,832,556 136,372
DEPRECIATION
At 1 July 2023 141,682 240,245 96,738
Charge for year - 36,651 13,483
Revaluation adjustments (141,682 ) - -
At 30 June 2024 - 276,896 110,221
NET BOOK VALUE
At 30 June 2024 1,694,340 1,555,660 26,151
At 30 June 2023 899,753 1,384,563 39,634

Annacliffe Ltd (Registered number: 05389083)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

5. TANGIBLE FIXED ASSETS - continued

Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 420,863 17,344 3,240,822
Additions 1,182 180 209,110
Revaluations - - 652,905
At 30 June 2024 422,045 17,524 4,102,837
DEPRECIATION
At 1 July 2023 400,091 16,809 895,565
Charge for year 8,209 327 58,670
Revaluation adjustments - - (141,682 )
At 30 June 2024 408,300 17,136 812,553
NET BOOK VALUE
At 30 June 2024 13,745 388 3,290,284
At 30 June 2023 20,772 535 2,345,257

Cost or valuation at 30 June 2024 is represented by:

Improvements
Freehold to Plant and
property property machinery
£    £    £   
Valuation in 2024 652,905 - -
Cost 1,041,435 1,832,556 136,372
1,694,340 1,832,556 136,372

Fixtures
and Computer
fittings equipment Totals
£    £    £   
Valuation in 2024 - - 652,905
Cost 422,045 17,524 3,449,932
422,045 17,524 4,102,837

Annacliffe Ltd (Registered number: 05389083)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2023 1,538,364
Disposals (274,064 )
At 30 June 2024 1,264,300
NET BOOK VALUE
At 30 June 2024 1,264,300
At 30 June 2023 1,538,364

Fair value at 30 June 2024 is represented by:
£   
Valuation in 2023 112,404
Cost 1,151,896
1,264,300

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 279,635 96,405
Payment on account 15,456 14,376
Other debtors 28,737 -
Directors' current accounts 499,077 410,033
Tax 167,255 137,202
990,160 658,016

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 103,826 70,000
Property Loan < 1 year 5,275 23,050
Tax 293,453 250,910
Social security and other taxes 22,568 15,118
Credit card 22,156 22,685
Pension liability 1,342 913
Accruals and deferred income 59,735 55,703
508,355 438,379

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank Loans > 1 year 2,725,500 3,004,281
Property Loan > 1 year - 5,275
2,725,500 3,009,556

Annacliffe Ltd (Registered number: 05389083)

Notes to the Financial Statements - continued
for the Year Ended 30 June 2024

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 2,829,326 3,074,281

Bank loans and overdrafts are secured by way of fixed and floating charges over the assets of the Company.

11. RESERVES
Revaluation
reserve
£   
At 1 July 2023 112,404
Revaluation 489,678

At 30 June 2024 602,082

12. OTHER FINANCIAL COMMITMENTS

The company had outstanding commitments in respect of operating leases as at 30th June 2024 of £5,275 (2023: £23,050) and bank loans totalling £2,829,326 (2023: £3,084,731).

13. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

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

2024 2023
£    £   
Mr J S Bowe
Balance outstanding at start of year 410,033 349,084
Amounts advanced 501,793 192,627
Amounts repaid (412,748 ) (131,678 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 499,078 410,033

14. ULTIMATE CONTROLLING PARTY

The controlling party is Mr J S Bowe.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Annacliffe Ltd

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 Balance Sheet. Readers are cautioned that the Income Statement 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 Annacliffe Ltd for the year ended 30 June 2024 which comprise the Income Statement, Balance Sheet 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 Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Annacliffe Ltd in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Annacliffe Ltd and state those matters that we have agreed to state to the director of Annacliffe Ltd in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Annacliffe Ltd and its director for our work or for this report.

It is your duty to ensure that Annacliffe Ltd 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 profit of Annacliffe Ltd. You consider that Annacliffe Ltd 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 Annacliffe Ltd. 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.






Sterling Partners Limited
Chartered Accountants
Chartered Tax Advisors
2nd Floor, Grove House
774-780 Wilmslow Road
Didsbury
Manchester
Greater Manchester
M20 2DR


Date: .............................................