Ansonn Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03276006 (England and Wales)

Financial Statements

for the Year Ended 31 March 2019

for

Ansonn Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr I A Anderson

SECRETARY:

Mrs J Anderson

REGISTERED OFFICE:

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

REGISTERED NUMBER:

03276006 (England and Wales)

ACCOUNTANTS:

Mander Duffill

Chartered Accountants

The Old Post Office

41-43 Market Place

Chippenham

Wiltshire

SN15 3HR

FIXED ASSETS

Tangible assets

4

1,006

1,471

Investment property

5

535,000

510,000

536,006

511,471

CURRENT ASSETS

Cash at bank

13,668

14,669

CREDITORS

Amounts falling due within one year

6

153,363

156,222

NET CURRENT LIABILITIES

(139,695

)

(141,553

)

TOTAL ASSETS LESS CURRENT LIABILITIES

396,311

369,918

CREDITORS

Amounts falling due after more than one year

7

(210,000

)

(210,000

)

PROVISIONS FOR LIABILITIES

(10,814

)

(6,341

)

NET ASSETS

175,497

153,577

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

8

182,712

157,712

Retained earnings

(7,217

)

(4,137

)

SHAREHOLDERS' FUNDS

175,497

153,577

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2019 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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 on 4 June 2019 and were signed by:

Mr I A Anderson - Director

1.	STATUTORY INFORMATION

Ansonn 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance and 15% on reducing balance

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 2 (2018 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

etc

£

COST

At 1 April 2018

and 31 March 2019

4,976

DEPRECIATION

At 1 April 2018

3,505

Charge for year

465

At 31 March 2019

3,970

NET BOOK VALUE

At 31 March 2019

1,006

At 31 March 2018

1,471

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2018

510,000

Revaluations

25,000

At 31 March 2019

535,000

NET BOOK VALUE

At 31 March 2019

535,000

At 31 March 2018

510,000

Included in fair value of investment property is freehold land of £ 535,000 (2018 - £ 510,000 ) which is

not depreciated.

Fair value at 31 March 2019 is represented by:

£

Valuation in 2019

535,000

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.19

31.3.18

£

£

Trade creditors

13

-

Other creditors

153,350

156,222

153,363

156,222

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.3.19

31.3.18

£

£

Other creditors

210,000

210,000

8.

RESERVES

Fair

value

reserve

£

At 1 April 2018

157,712

Property revaluation

25,000

At 31 March 2019

182,712