ACCOUNTS - Final Accounts preparation

If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

Registered number: 13461756

ANGLIA COMMERCIAL PROPERTIES LIMITED

UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 DECEMBER 2024


ANGLIA COMMERCIAL PROPERTIES LIMITED

COMPANY INFORMATION

Director	S G Rawlins


Registered number	13461756


Registered office	26 Sandall Road
	Wisbech
	PE13 2PS


Accountants	Grant Thornton UK LLP
	Chartered Accountants
	1st Floor, One Valpy
	20 Valpy Street
	Reading
	RG1 1AR


ANGLIA COMMERCIAL PROPERTIES LIMITED

CONTENTS

	Page
Accountants' Report	1
Statement of Financial Position	2 - 3
Notes to the Financial Statements	4 - 11

Report to the director on the preparation of the unaudited statutory financial statements of Anglia Commercial Properties Limited for the period ended 31 December 2024

We have compiled the accompanying financial statements of Anglia Commercial Properties Limited (the ‘company’) based on the information you have provided. These financial statements comprise the Statement of Financial Position of Anglia Commercial Properties Limited as at 31 December 2024, and a summary of significant accounting policies and other explanatory information.

We performed this compilation engagement in accordance with International Standard on Related Services 4410 (Revised), 'Compilation Engagements'.

We have applied our expertise in accounting and financial reporting to assist you in the preparation and presentation of these financial statements in accordance with applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice). As a member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at www.icaew.com.

These financial statements and the accuracy and completeness of the information used to compile them are your responsibility.

Since a compilation engagement is not an assurance engagement, we are not required to verify the accuracy or completeness of the information you provided to us to compile these financial statements. Accordingly, we do not express an audit opinion or a review conclusion on whether these financial statements are prepared in accordance with United Kingdom Generally Accepted Accounting Practice.

This report is made solely to the company's director in accordance with the terms of our engagement letter dated 18 August 2025. Our work has been undertaken solely to prepare for your approval the financial statements of the company and state those matters that we have agreed to state to the company's director in this report in accordance with our engagement letter dated 18 August 2025. 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.

Grant Thornton UK LLP

Chartered Accountants

Reading

26 September 2025

Page 1


ANGLIA COMMERCIAL PROPERTIES LIMITED REGISTERED NUMBER:13461756

STATEMENT OF FINANCIAL POSITION

AS AT 31 DECEMBER 2024

	31 December	30 June
	2024	2023
Note	£	£

Fixed assets
Investment property	4		3,400,000		2,628,655
Current assets
Cash at bank and in hand		70,869		51,978
Creditors: amounts falling due within one year	5	(570,837)		(828,916)
Net current liabilities			(499,968)		(776,938)
Total assets less current liabilities			2,900,032		1,851,717
Creditors: amounts falling due after more than one year	6		(1,406,250)		(1,593,750)
Provisions for liabilities
Deferred tax	8	(191,211)		-
			(191,211)		-
Net assets			1,302,571		257,967

Capital and reserves
Called up share capital	100	100
Revaluation reserve	771,345	-
Profit and loss account	531,126	257,867
Total equity	1,302,571	257,967

Page 2


ANGLIA COMMERCIAL PROPERTIES LIMITED REGISTERED NUMBER:13461756

STATEMENT OF FINANCIAL POSITION (CONTINUED)

AS AT 31 DECEMBER 2024

The director considers 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 period in question in accordance with section 476 of the Companies Act 2006.

The director acknowledges his 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:

S G Rawlins

Director

Date: 26 September 2025

The notes on pages 4 to 11 form part of these financial statements.

Page 3


ANGLIA COMMERCIAL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

1.	General information

Anglia Commercial Properties Limited is a private company limited by shares, incorporated in England and Wales. Its registered number is 13461756, and its registered head office is located at 26 Sandall Road, Wisbech, PE13 2PS.

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 company's functional and presentation currency is Sterling and all values are rounded to the nearest pound (£) except when otherwise stated.

The following principal accounting policies have been applied:

2.2

Accounting reference date

The accounting period has been extended to cover an 18-month period from 1 July 2023 to 31 December 2024. Comparative figures relate to the year ended 30 June 2023, and therefore are not directly comparable.

2.3

Going concern

The director considers that the company has sufficient liquidity to continue in business for at least the next 12 months from the date of signing of the financial statements, and therefore these financial statements have been prepared on the going concern basis.
Although there are inevitably inherent uncertainties in the foreseeable future the director believes that the company’s financial statements should be prepared on the going concern basis.

Page 4


ANGLIA COMMERCIAL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.4

Revenue

Revenue from the letting of investment property is recognised with respect to the period of occupancy under the terms of the lease, when it is probable that economic benefit will flow to the company, and is shown net of VAT and other sales relates taxes. The fair value of consideration takes into account trade discounts, settlement discounts and volume rebates.

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.5

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.

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ANGLIA COMMERCIAL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.6

Current and deferred taxation

The tax expense for the period 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

Investment property

Investment property, which is property held to earn rentals and for capital appreciation, is initally recognised at cost, which includes the purchase cost and any directly attributable expenditure. 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.

2.8

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.

2.9

Financial instruments

The company has elected to apply the provisions of Section 11 “Basic Financial Instruments” of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's Statement of Financial Position when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Page 6


ANGLIA COMMERCIAL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Financial instruments (continued)

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 within the operating cycle fall into this category of financial instruments.

Impairment of financial assets

At the end of each reporting period financial assets measured at amortised cost are assessed for objective evidence of impairment. If an asset is impaired the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows discounted at the asset’s original effective interest rate. The impairment loss is recognised in profit or loss.

Financial assets are impaired when events, subsequent to their initial recognition, indicate the estimated future cash flows derived from the financial asset(s) have been adversely impacted. The impairment loss will be the difference between the current carrying amount and the present value of the future cash flows at the asset(s) original effective interest rate.

If there is a favourable change in relation to the events surrounding the impairment loss then the impairment can be reviewed for possible reversal. The reversal will not cause the current carrying amount to exceed the original carrying amount had the impairment not been recognised. The impairment reversal is recognised in the profit or loss.

Basic 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.

Page 7


ANGLIA COMMERCIAL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

2.Accounting policies (continued)

2.9

Financial instruments (continued)

Derecognition of financial assets

Financial assets are derecognised when their contractual right to future cash flow expire, or are settled, or when the company transfers the asset and substantially all the risks and rewards of ownership to another party. If significant risks and rewards of ownership are retained after the transfer to another party, then the company will continue to recognise the value of the portion of the risks and rewards retained.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Employees

The average monthly number of employees, including directors, during the period was 1 (year ended 30 June 2023: 1).

4.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 July 2023	2,628,655
	Surplus on revaluation	771,345
	At 31 December 2024	3,400,000

The 2024 valuations were made by Eddisons Chartered Surveyors, who are not connected with the company, on an open market value for existing use basis on 3 January 2025.

Historic cost

2,500,000

Page 8


ANGLIA COMMERCIAL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Bank loans	125,000	125,000
Corporation tax	154,787	64,260
Other creditors	281,717	639,656
Accruals and deferred income	9,333	-
	570,837	828,916

All assets are secured by a debenture over all the assets of the company secured by a fixed and floating charge which contains a negative pledge.

	Bank loans	1,406,250	1,593,750

All assets are secured by a debenture over all the assets of the company secured by a fixed and floating charge which contains a negative pledge.

Page 9


ANGLIA COMMERCIAL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

Amounts falling due within one year
Bank loans	125,000	125,000
Amounts falling due 1-2 years
Bank loans	125,000	125,000
Amounts falling due 2-5 years
Bank loans	1,281,250	1,468,750

	1,531,250	1,718,750

Page 10


ANGLIA COMMERCIAL PROPERTIES LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 31 DECEMBER 2024

8.	Deferred taxation

		2024
		£

	Charged to profit or loss	(191,211)
	At end of year	(191,211)

Capital gains

(191,211)

Reserves

Revaluation reserve

The revaluation reserve arose on the revaluation of investment property.

Profit and loss account

The profit and loss account represents cumulative profits, losses and total other comprehensive income
made by the company.

10.	Related party transactions
	The company generated revenue of £811,000 (year ended 30 June 2023: £416,000) from Anglia Components PLC, a company under common control. At 31 December 2024, the company also had an outstanding creditor balance of £281,717 (30 June 2023: £631,633) with Anglia Components PLC. This balance is included within other creditors.

Page 11