REGISTERED NUMBER: 10885955 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MARCH 2025

FOR

ANTECH PROJECTS LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

Mr A P Mousdale

Mr N Bean

REGISTERED OFFICE:

3 Stratfield Park

Elettra Avenue

Waterlooville

Hampshire

PO7 7XN

REGISTERED NUMBER:

10885955 (England and Wales)

ACCOUNTANTS:

Gibson Whitter

Chartered Accountants

and Chartered Tax Advisers

Larch House

Parklands Business Park

Denmead

Hampshire

PO7 6XP

FIXED ASSETS

Investments

4

1

1

Investment property

5

350,000

400,000

350,001

400,001

CURRENT ASSETS

Debtors

6

662

722

Cash at bank

4,755

4,867

5,417

5,589

CREDITORS

Amounts falling due within one year

7

144,669

139,026

NET CURRENT LIABILITIES

(139,252

)

(133,437

)

TOTAL ASSETS LESS CURRENT LIABILITIES

210,749

266,564

CREDITORS

Amounts falling due after more than one year

8

(140,137

)

(146,936

)

PROVISIONS FOR LIABILITIES

10

(16,042

)

(28,542

)

NET ASSETS

54,570

91,086

CAPITAL AND RESERVES

Called up share capital

11

120

120

Non distributable reserve

50,488

87,988

Retained earnings

3,962

2,978

SHAREHOLDERS' FUNDS

54,570

91,086

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2025 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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.

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 and authorised for issue by the Board of Directors and authorised for issue on 5 December 2025 and were signed on its behalf by:

Mr A P Mousdale - Director

1.	STATUTORY INFORMATION

Antech Projects Limited 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.

The financial statements show a net current liability position at the balance sheet date. This position is due to loans from a connected company. The connected company can legally demand repayment of these loans at anytime but will only seek repayment if the company has sufficient funds to to so. On this basis, the directors have prepared the financial statements on the going concern basis.

Turnover

Turnover represents rental income in respect of properties owned by the company. Rental income is recognised when the company obtains the right to consideration under the contractual agreement with the tenant.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2024 - 3 ) .

4.	FIXED ASSET INVESTMENTS

Unlisted

investments

£

COST

At 1 April 2024

and 31 March 2025

1

NET BOOK VALUE

At 31 March 2025

1

At 31 March 2024

1

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

400,000

Revaluations

(50,000

)

At 31 March 2025

350,000

NET BOOK VALUE

At 31 March 2025

350,000

At 31 March 2024

400,000

The company's investment property was valued on an open market basis on 31 March 2025 by the directors.

Fair value at 31 March 2025 is represented by:

£

Valuation in 2019

4,530

Valuation in 2021

3,000

Valuation in 2022

59,000

Valuation in 2024

50,000

Valuation in 2025

(50,000

)

Cost

283,470

350,000

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Other debtors

662

722

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans and overdrafts

9,238

9,034

Taxation and social security

2,048

1,859

Other creditors

133,383

128,133

144,669

139,026

8.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.25

31.3.24

£

£

Bank loans

140,137

146,936

9.	SECURED DEBTS

The following secured debts are included within creditors:

31.3.25

31.3.24

£

£

Bank loans

149,375

155,970

The company's bank loan is secured by way of a first legal charge over the company's investment property, a debenture and a guarantee of £202,500 provided by a connected company.

10.	PROVISIONS FOR LIABILITIES

31.3.25

31.3.24

£

£

Deferred tax

16,042

28,542

Deferred

tax

£

Balance at 1 April 2024

28,542

Utilised during year

(12,500

)

Balance at 31 March 2025

16,042

11.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.3.25

31.3.24

value:

£

£

120

Ordinary

£1

120

120

12.	RELATED PARTY DISCLOSURES

During the year the company received rent from a connected company totalling £24,000 (31.3.24: £24,000).

At the balance sheet date the company owed a connected company £127,606 (31.3.24: £122,356).

During the year the company paid a connected company loan interest of £15,750 (31.3.24: £10,500).

13.	ULTIMATE CONTROLLING PARTY

The company is not under the control of any one individual or another entity.