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REGISTERED NUMBER: 02877899 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2022

for

Ambo Estates Limited

Ambo Estates Limited (Registered number: 02877899)






Contents of the Financial Statements
for the Year Ended 31 December 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ambo Estates Limited

Company Information
for the Year Ended 31 December 2022







DIRECTOR: J P Ambo





REGISTERED OFFICE: 64 Churchill Road
Langley
Slough
Berkshire
SL3 7RB





REGISTERED NUMBER: 02877899 (England and Wales)





ACCOUNTANTS: Clear Associates Limited
64 Churchill Road
Langley
Slough
Berkshire
SL3 7RB

Ambo Estates Limited (Registered number: 02877899)

Balance Sheet
31 December 2022

31.12.22 31.12.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investments 5 99 99
Investment property 6 8,776,635 7,984,850
8,776,734 7,984,949

CURRENT ASSETS
Debtors 7 353,713 353,713
Cash at bank 121 3,926
353,834 357,639
CREDITORS
Amounts falling due within one year 8 198,848 249,239
NET CURRENT ASSETS 154,986 108,400
TOTAL ASSETS LESS CURRENT
LIABILITIES

8,931,720

8,093,349

CREDITORS
Amounts falling due after more than one
year

9

(3,709,891

)

(3,643,704

)

PROVISIONS FOR LIABILITIES (894,101 ) (478,003 )
NET ASSETS 4,327,728 3,971,642

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 4,327,726 3,971,640
4,327,728 3,971,642

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2022 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.

Ambo Estates Limited (Registered number: 02877899)

Balance Sheet - continued
31 December 2022


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

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 and authorised for issue on 21 April 2023 and were signed by:





J P Ambo - Director


Ambo Estates Limited (Registered number: 02877899)

Notes to the Financial Statements
for the Year Ended 31 December 2022

1. STATUTORY INFORMATION

Ambo Estates 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 - 33% on cost

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

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 1 (2021 - 1 ) .

Ambo Estates Limited (Registered number: 02877899)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 January 2022
and 31 December 2022 1,705
DEPRECIATION
At 1 January 2022
and 31 December 2022 1,705
NET BOOK VALUE
At 31 December 2022 -

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 January 2022
and 31 December 2022 99
NET BOOK VALUE
At 31 December 2022 99
At 31 December 2021 99

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2022 7,984,850
Revaluations 791,785
At 31 December 2022 8,776,635
NET BOOK VALUE
At 31 December 2022 8,776,635
At 31 December 2021 7,984,850

Fair value at 31 December 2022 is represented by:
£   
Valuation in 2022 4,705,793
Cost 4,070,842
8,776,635

Ambo Estates Limited (Registered number: 02877899)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2022

6. INVESTMENT PROPERTY - continued

If Investment properties had not been revalued they would have been included at the following historical cost:

31.12.22 31.12.21
£    £   
Cost 4,070,842 4,070,842

Investment properties were valued on on a fair value basis on 31 December 2022 by James Ambo .

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Other debtors 353,713 353,713

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.12.22 31.12.21
£    £   
Bank loans and overdrafts 1,398 -
Trade creditors 26,827 26,828
Taxation and social security 20,140 16,849
Other creditors 150,483 205,562
198,848 249,239

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.12.22 31.12.21
£    £   
Other creditors 3,709,891 3,643,704

10. SECURED DEBTS

The following secured debts are included within creditors:

31.12.22 31.12.21
£    £   
Mortgages 1,794,507 1,728,320
Directors Loan 1,915,384 1,915,384
3,709,891 3,643,704

The mortgages and the long term loan carry a fixed charge over the investment properties.

11. RELATED PARTY DISCLOSURES

Included in other creditors is a short term interest free loan from the director of £76,557 (2021: £134,868 )The director also made a long term loan to the company of £1,915,384 on which interest is being paid under normal market conditions. The long term loan to the company is secured against the investment property.

12. ULTIMATE CONTROLLING PARTY

The controlling party is J P Ambo.