ANGLIAN FINANCE COMPANY LIMITED - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 01239851 (England and Wales)

ANGLIAN FINANCE COMPANY LIMITED

UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30TH JUNE 2020

Page

Company Information

1

Abridged Balance Sheet

2

to

3

Notes to the Financial Statements

4

to

5

DIRECTORS:

Leslie Sieff

Mrs Jill Sieff

SECRETARY:

Mrs Jill Sieff

REGISTERED OFFICE:

c/o TG Associates, 7 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

REGISTERED NUMBER:

01239851 (England and Wales)

ACCOUNTANTS:

TG Associates Limited

Chartered Accountants

7 Jardine House

Harrovian Business Village

Bessborough Road

Harrow

Middlesex

HA1 3EX

FIXED ASSETS

Tangible assets

4

2,882

1,273

CURRENT ASSETS

Debtors

2,168,900

1,699,927

Cash at bank

175,359

153,039

2,344,259

1,852,966

CREDITORS

Amounts falling due within one year

73,895

56,556

NET CURRENT ASSETS

2,270,364

1,796,410

TOTAL ASSETS LESS CURRENT LIABILITIES

2,273,246

1,797,683

CREDITORS

Amounts falling due after more than one year

2,108,901

1,682,712

NET ASSETS

164,345

114,971

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

164,245

114,871

SHAREHOLDERS' FUNDS

164,345

114,971

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 2020 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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 30th June 2020 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 3rd December 2020 and were signed on its behalf by:

Leslie Sieff - Director

1.	STATUTORY INFORMATION

ANGLIAN FINANCE COMPANY 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.

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.

Fixtures and fittings

-

25% on reducing balance

Computer software

-

33% on cost

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2019 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Totals

£

COST

At 1st July 2019

12,039

Additions

2,892

Disposals

(8,019

)

At 30th June 2020

6,912

DEPRECIATION

At 1st July 2019

10,766

Charge for year

(6,736

)

At 30th June 2020

4,030

NET BOOK VALUE

At 30th June 2020

2,882

At 30th June 2019

1,273

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the company owes the the directors, Mr L. Sieff and Mrs J Sieff £1,858,901 (2019: £1,706,701).

6.	RELATED PARTY DISCLOSURES

Debtors represent amounts owed to companies in which the directors have material interests

7.	ULTIMATE CONTROLLING PARTY

The company is controlled by the director, Mr L. Sieff, by virtue of his majority shareholding in the company.