ANSH Property Development Limited

(Registration number: 08338070)
Balance Sheet as at 31 March 2025

	Note	2025 £	2024 £
Fixed assets
Tangible assets	4	16,183	21,494
Investment property	5	807,500	807,500
		823,683	828,994
Current assets
Debtors	6	2,159	13,387
Cash at bank and in hand		25,545	33,613
		27,704	47,000
Creditors: Amounts falling due within one year	7	(40,021)	(35,803)
Net current (liabilities)/assets		(12,317)	11,197
Total assets less current liabilities		811,366	840,191
Creditors: Amounts falling due after more than one year	7	(11,166)	(32,127)
Provisions for liabilities		(5,879)	(6,888)
Net assets		794,321	801,176
Capital and reserves
Called up share capital	8	100	100
Revaluation reserve		1,490	1,490
Other reserves		11,957	11,957
Retained earnings		780,774	787,629
Shareholders' funds		794,321	801,176

For the financial year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

ANSH Property Development Limited

(Registration number: 08338070)
Balance Sheet as at 31 March 2025

Approved and authorised by the director on 1 December 2025
 

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

Mr A Hamead
Director

ANSH Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

The address of its registered office is:
165 Apex
West Green Drive
Crawley
West Sussex
RH11 7QL

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 presentational currency is sterling.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of rental income received or receivable from investment properties.

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.

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.

ANSH Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

Depreciation

Depreciation is charged so as to write off the cost of assets over their estimated useful lives, as follows:

Asset class	Depreciation method and rate
Office equipment	20% reducing balance basis
Motor vehicles	25% reducing balance basis

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate. Changes in fair value are recognised in profit or loss.

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 are classified as finance leases whenever the terms of the lease transfer substantially all the risks and rewards of ownership to the lessee.

Assets held under finance leases are recognised at the lower of their fair value at inception of the lease and the present value of the minimum lease payments. These assets are depreciated over their useful lives. The corresponding liability to the lessor is included in the Balance Sheet as a finance lease obligation.

Lease payments are apportioned between finance costs in the Profit and Loss Account and reduction of the lease obligation so as to achieve a constant periodic rate of interest on the remaining balance of the liability.

Defined contribution pension obligation

A defined contribution plan is a pension plan under which fixed contributions are paid into a pension fund and the company has no legal or constructive obligation to pay further contributions even if the fund does not hold sufficient assets to pay all employees the benefits relating to employee service in the current and prior periods.

Contributions to defined contribution plans are recognised as employee benefit expense when they are due. If contribution payments exceed the contribution due for service, the excess is recognised as a prepayment.

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 2 (2024 - 1).

ANSH Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

4	Tangible assets

	Office equipment £	Motor vehicles  £	Total £
Cost or valuation
At 1 April 2024	2,317	69,795	72,112
At 31 March 2025	2,317	69,795	72,112
Depreciation
At 1 April 2024	1,066	49,552	50,618
Charge for the year	250	5,061	5,311
At 31 March 2025	1,316	54,613	55,929
Carrying amount
At 31 March 2025	1,001	15,182	16,183
At 31 March 2024	1,251	20,243	21,494

5	Investment properties

	2025 £
At 1 April 2024	807,500
At 31 March 2025	807,500

Having considered market prices of comparable properties at the reporting date, the director believes the fair value of the investment property to be £807,500.

There has been no valuation of investment property by an independent valuer.

6

Debtors

	2025 £	2024 £
Prepayments	2,159	2,037
Other debtors	-	11,350
	2,159	13,387

ANSH Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

7

Creditors

Creditors: amounts falling due within one year

	Note	2025 £	2024 £
Due within one year
Loans and borrowings	9	20,779	25,906
Taxation and social security		5,367	4,949
Accruals and deferred income		13,375	4,948
Other creditors		500	-
		40,021	35,803

Creditors include bank loans which are secured of £10,480 (2024 - £9,930).

Creditors: amounts falling due after more than one year

	Note	2025 £	2024 £
Due after one year
Loans and borrowings	9	11,166	32,127

Creditors include bank loans which are secured of £8,387 (2024 - £18,965).

8	Share capital

Allotted, called up and fully paid shares

	2025		2024
	No.	£	No.	£
Ordinary shares of £1 each	100	100	100	100

ANSH Property Development Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

9	Loans and borrowings

Current loans and borrowings

	2025 £	2024 £
Bank borrowings	20,779	20,028
Hire purchase contracts	-	5,878
	20,779	25,906

Non-current loans and borrowings

	2025 £	2024 £
Bank borrowings	11,166	32,127

Bank borrowings

Natwest loan is denominated in £ sterling with a nominal interest rate of 3.5%, and the final instalment is due on 14 December 2026. The carrying amount at year end is £18,867 (2024 - £28,895). Natwest loan is secured by a fixed charge over the investment property.

Natwest Bounce Back loan is denominated in £ sterling with a nominal interest rate of 2.5%, and the final instalment is due on 8 June 2026. The carrying amount at year end is £13,078 (2024 - £23,260).

10	Related party transactions

Director advances, credits and guarantees

During the year ended 31 March 2025 the company advanced unsecured loans amounting to £168 (2024 - £10,348) to the director of the company. The loans were interest free and had no fixed repayment date. The company received repayments of £10,168 (2024 - £4,348).