Registration number: 07966469

Animal Trust Property Limited

Contents

Balance Sheet	1
Notes to the Financial Statements	2 to 8

Animal Trust Property Limited

(Registration number: 07966469)
Balance Sheet as at 30 June 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	3,168,315	3,261,673
Investments		100	100
		3,168,415	3,261,773
Current assets
Debtors	5	2,055	1,232,368
Cash at bank and in hand		238,398	420,024
		240,453	1,652,392
Creditors: Amounts falling due within one year	6	(237,201)	(212,382)
Net current assets		3,252	1,440,010
Total assets less current liabilities		3,171,667	4,701,783
Creditors: Amounts falling due after more than one year	6	(2,462,340)	(2,610,034)
Provisions for liabilities		(308,561)	(311,104)
Net assets		400,766	1,780,645
Reserves
Retained earnings		400,766	1,780,645
Surplus		400,766	1,780,645

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 14 October 2025 and signed on its behalf by:
 

......................................... Mrs T Noble Director

Animal Trust Property Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

1	General information

The company is a company limited by guarantee, incorporated in United Kingdom, and consequently does not have share capital. Each of the members is liable to contribute an amount not exceeding £1 towards the assets of the company in the event of liquidation.

The address of its registered office is:
Animal Trust Administration Centre
Cedab Road
Ellesmere Port
CH65 4FE

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements have been rounded to the neared £.

Going concern

These financial statements are prepared on the going concern basis. The Directors have a reasonable expectation that the company will continue in operational existence for the foreseeable future.

Animal Trust Property Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Audit report

The Independent Auditor's Report was unqualified. . The name of the Senior Statutory Auditor who signed the audit report on 14 October 2025 was Benjamin Powell MSci (Hons) FCA, who signed for and on behalf of Ballards LLP.

.........................................

Judgements

In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates. The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

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

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 taxable income.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Animal Trust Property Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

Tangible assets consist of land and buildings that are let to fellow group companies. As such they are not treated as investment properties.

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Freehold and long leasehold land	Not depreciated
Freehold buildings	2% straight line
Long leasehold buildings	2% straight line

Amortisation

Amortisation is provided on intangible assets so as to write off the cost, less any estimated residual value, over their useful life as follows:

Asset class	Amortisation method and rate
Goodwill	5 years

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.

Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Animal Trust Property Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Leases

Leases in which substantially all the risks and rewards of ownership are retained by the lessor are classified as operating leases. Payments made under operating leases are charged to profit or loss on a straight-line basis over the period of the lease.

Distributions

Distributions to the company’s members are recognised as a liability in the financial statements in the reporting period in which the distributions are declared. The company is a wholly owned subsidiary of Animal Trust Vets CIC and in the period a distribution of £1,432,368 (2024 £Nil) has been paid to the parent company.

3	Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2024 - 2).

Animal Trust Property Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

4	Tangible assets

	Land and buildings £	Total £
Cost or valuation
At 1 July 2024	4,892,409	4,892,409
At 30 June 2025	4,892,409	4,892,409
Depreciation
At 1 July 2024	1,630,736	1,630,736
Charge for the year	93,358	93,358
At 30 June 2025	1,724,094	1,724,094
Carrying amount
At 30 June 2025	3,168,315	3,168,315
At 30 June 2024	3,261,673	3,261,673

Included within the net book value of land and buildings above is £2,763,157 (2024 - £2,841,793) in respect of freehold land and buildings and £405,158 (2024 - £419,882) in respect of long leasehold land and buildings.
 

5

Debtors

	Note	2025 £	2024 £
Trade debtors		2,055	-
Amounts owed by related parties	8	-	1,232,368
		2,055	1,232,368

Animal Trust Property Limited

Notes to the Financial Statements for the Year Ended 30 June 2025

6

Creditors

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	7	132,270	117,902
Trade creditors		6,195	832
Amounts owed to group undertakings and undertakings in which the company has a participating interest	8	12,238	-
Taxation and social security		78,267	87,978
Accruals and deferred income		8,170	5,670
Other creditors		61	-
		237,201	212,382

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	7	2,462,340	2,610,034

7	Loans and borrowings

	2025 £	2024 £
Non-current loans and borrowings
Bank borrowings	2,462,340	2,610,034

	2025 £	2024 £
Current loans and borrowings
Bank borrowings	132,270	116,846
Bank overdrafts	-	1,056
	132,270	117,902