A.N.A. Land Limited - Accounts to registrar (filleted) - small 18.2
A.N.A. Land Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31st March 2022 |
| for |
| A.N.A. Land Limited |
| A.N.A. Land Limited (Registered number: 02948043) |
| Contents of the Financial Statements |
| for the Year Ended 31st March 2022 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| A.N.A. Land Limited |
| Company Information |
| for the Year Ended 31st March 2022 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| Sovereign House |
| 155 High Street |
| Aldershot |
| Hampshire |
| GU11 1TT |
| A.N.A. Land Limited (Registered number: 02948043) |
| Balance Sheet |
| 31st March 2022 |
| 2022 | 2021 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital |
| Fair value reserve | 10 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| A.N.A. Land Limited (Registered number: 02948043) |
| Balance Sheet - continued |
| 31st March 2022 |
| 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 |
| A.N.A. Land Limited (Registered number: 02948043) |
| Notes to the Financial Statements |
| for the Year Ended 31st March 2022 |
| 1. | STATUTORY INFORMATION |
| A.N.A. Land Limited is a |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| 2. | STATEMENT OF COMPLIANCE |
| 3. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for rents received, stated net of discounts and of Value Added Tax. |
| The company recognises revenue when the amount of revenue can be measured reliably, when it is probable that future economic benefits will flow to the entity. |
| Investment property |
| Investment properties are properties held to earn rentals and/or for capital appreciation. Investment properties are initially measured at cost, including transaction costs. Subsequently investment properties whose fair value can be measured reliably without undue cost or effort on an on-going basis are measured at fair value. Gains and losses arising from changes in the fair value of investment properties are included in profit or loss in the period in which they arise. |
| Financial instruments |
| The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares. |
| Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If objective evidence of impairment is found, an impairment loss is recognised in profit or loss. |
| For financial assets measured at amortised cost, the impairment loss is measured as the difference between an asset's carrying amount and the present value of estimated cash flows discounted at the asset's original effective interest rate. If a financial asset has a variable interest rate, the discount rate for measuring any impairment loss is the current effective interest rate determined under the contract. |
| For financial assets measured at cost less impairment, the impairment loss is measured as the difference between an asset's carrying amount and the best estimate, which is an approximation, of the amount that the company would receive for the asset if it were to be sold at the reporting date. |
| Financial assets and liabilities are offset and the net amount reported in the statement of financial position when there is an enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously. |
| A.N.A. Land Limited (Registered number: 02948043) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2022 |
| 3. | ACCOUNTING POLICIES - continued |
| 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. |
| Going concern |
| The company has net current liabilities and relies on the rental income to pay its debts when they fall due. This together with management information and forecast results leads the directors to consider it appropriate to prepare the financial statements on a going concern basis. It is on this basis, together with the continued support of the directors, that leads the directors to consider it appropriate to prepare the financial statements on a going concern basis. |
| Borrowing costs |
| All borrowing costs are recognised in profit or loss in the period in which they are incurred. |
| 4. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| 5. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1st April 2021 |
| and 31st March 2022 |
| NET BOOK VALUE |
| At 31st March 2022 |
| At 31st March 2021 |
| Fair value at 31st March 2022 is represented by: |
| £ |
| Valuation in 2022 | 3,370,497 |
| Cost | 8,538,235 |
| 11,908,732 |
| A.N.A. Land Limited (Registered number: 02948043) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2022 |
| 5. | INVESTMENT PROPERTY - continued |
| The fair value of the investment properties at 31 March 2022 were arrived at on the basis of valuations carried out by Mr Lau, a director of the company, by reference to market conditions and evidence of similar properties in their locations. |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans and overdrafts |
| Trade creditors |
| Taxation and social security |
| Other creditors |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| Other creditors |
| Amounts falling due in more than five years: |
| Repayable by instalments |
| Bank loans | 1,320,993 | 2,752,990 |
| 9. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2022 | 2021 |
| £ | £ |
| Bank loans |
| The bank loans are secured by fixed and floating charges over the company's assets, these are registered by Lloyds Bank PLC and The Royal Bank of Scotland. |
| A.N.A. Land Limited (Registered number: 02948043) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31st March 2022 |
| 10. | RESERVES |
| Fair |
| value |
| reserve |
| £ |
| At 1st April 2021 |
| and 31st March 2022 |
| 11. | RELATED PARTY DISCLOSURES |
| Included within creditors falling due within one year, is an amount owed to the directors in the sum of £100,000 (2021 - £50,000). |
| Included within creditors due after more than one year, is an amount owed to the directors in the sum of £665,004 (2021 - £795,801). |
| There are no set repayments terms or interest on this loan. |