REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st October 2023 |
for |
Anchor Bay Trading Estate Limited |
REGISTERED NUMBER: |
Unaudited Financial Statements for the Year Ended 31st October 2023 |
for |
Anchor Bay Trading Estate Limited |
Anchor Bay Trading Estate Limited (Registered number: 00421705) |
Contents of the Financial Statements |
for the Year Ended 31st October 2023 |
Page |
Balance Sheet | 1 |
Notes to the Financial Statements | 3 |
Anchor Bay Trading Estate Limited (Registered number: 00421705) |
Balance Sheet |
31st October 2023 |
2023 | 2022 |
Notes | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 | ( |
) | ( |
) |
NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Other reserves |
Retained earnings | ( |
) |
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. |
Anchor Bay Trading Estate Limited (Registered number: 00421705) |
Balance Sheet - continued |
31st October 2023 |
In accordance with Section 444 of the Companies Act 2006, the Profit and Loss account has not been delivered. |
The financial statements were approved by the Board of Directors and authorised for issue on |
Anchor Bay Trading Estate Limited (Registered number: 00421705) |
Notes to the Financial Statements |
for the Year Ended 31st October 2023 |
1. | STATUTORY INFORMATION |
Anchor Bay Trading Estate Limited is a |
Registered number: |
Registered office: |
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. |
Preparation of consolidated financial statements |
The financial statements contain information about Anchor Bay Trading Estate Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements. |
Turnover |
Turnover represents the total invoice value, excluding value added tax, of management fees and rent receivable during the year. Lease incentives income from operating leases are spread over the lease term. |
Tangible fixed assets |
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 tax. Tax is recognised in the Profit and Loss account, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. |
Current 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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was |
Anchor Bay Trading Estate Limited (Registered number: 00421705) |
Notes to the Financial Statements - continued |
for the Year Ended 31st October 2023 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st November 2022 |
Additions |
Revaluations | 1,693,359 |
At 31st October 2023 |
NET BOOK VALUE |
At 31st October 2023 |
At 31st October 2022 |
Fair value at 31st October 2023 is represented by: |
£ |
Valuation in 2013 | 430,729 |
Valuation in 2021 | 3,912,500 |
Valuation in 2023 | 1,693,359 |
Cost | 350,912 |
6,387,500 |
The investment property was valued on a fair value basis on 31st October 2023 by the Directors . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade debtors |
Amounts owed by group undertakings |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
7. | ULTIMATE CONTROLLING PARTY |
The company's ultimate parent is Kenninghall Group Limited, a company incorporated in Great Britain and |
registered in England and Wales. |