A.N.A. Land Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02948043 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 31st March 2016

for

A.N.A. Land Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

S C Lau

Mrs S K Lau

SECRETARY:

S C Lau

REGISTERED OFFICE:

Speedwell

Seale Road

Elstead

Godalming

Surrey

GU8 6LF

REGISTERED NUMBER:

02948043 (England and Wales)

ACCOUNTANTS:

Whiteleys

Chartered Certified Accountants

Sovereign House

155 High Street

Aldershot

Hampshire

GU11 1TT

FIXED ASSETS

Investment property

2

10,721,067

7,505,000

CURRENT ASSETS

Debtors

56,228

68,558

Cash at bank

41,791

17,827

98,019

86,385

CREDITORS

Amounts falling due within one year

3

520,212

388,816

NET CURRENT LIABILITIES

(422,193

)

(302,431

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

10,298,874

7,202,569

CREDITORS

Amounts falling due after more than one
year

3

5,237,736

2,931,129

NET ASSETS

5,061,138

4,271,440

CAPITAL AND RESERVES

Called up share capital

4

5

Revaluation reserve

3,235,510

2,756,077

Profit and loss account

1,825,623

1,515,358

SHAREHOLDERS' FUNDS

5,061,138

4,271,440

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31st March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31st March 2016 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 19th September 2016 and were signed
on its behalf by:

S C Lau - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective January 2015).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover is calculated using generally accepted accounting policies (UK GAAP) and reflects the

company's right to consideration that has arisen during the year. All figures are stated net of VAT.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Going concern

The company has net current liabilities and relies on the rental income to pay its debts when they fall

due. The net current liability includes a significant directors loan account and the directors have

confirmed their intention not to draw this loan down within the next twelve months. 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.

Investment property

Contrary to the Companies Act 2006 no depreciation is provided in respect of Freehold Investment

Properties. However the requirement of the Companies Act conflicts with the generally accepted

accounting principle set out in FRSSE 2015. The directors consider that, because these properties are

not held for consumption, but for their investment potential, departure from the requirements of the

Companies Act is justified to enable the financial statements to show a true and fair view.

2.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1st April 2015

7,505,000

Additions

2,736,634

Revaluations

479,433

At 31st March 2016

10,721,067

NET BOOK VALUE

At 31st March 2016

10,721,067

At 31st March 2015

7,505,000

3.

CREDITORS

Creditors include an amount of £ 2,720,401 (2015 - £ 1,841,202 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

1,738,166

1,129,684

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

5

Ordinary

1

5

5.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included within creditors falling due within one year, is an amount owed to the directors in the sum of

£30,000 (2015 - £30,000).

Included within creditors due after more than one year, is an amount owed to the directors in the sum

of £2,719,465 (2015 - £1,236,256).