Company registration number 04338574 (England and Wales)
AMBERGREEN PROPERTIES LIMITED
FINANCIAL STATEMENTS
FOR THE YEAR ENDED
31 MARCH 2023
4 Brackley Close
Bournemouth International Airport
Christchurch
Dorset
BH23 6SE
AMBERGREEN PROPERTIES LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 5
AMBERGREEN PROPERTIES LIMITED
BALANCE SHEET
AS AT
31 MARCH 2023
31 March 2023
- 1 -
2023
2022
Notes
£
£
£
£
Fixed assets
Tangible assets
3
902,604
903,259
Current assets
Debtors
4
320,791
302,473
Cash at bank and in hand
64,858
108,751
385,649
411,224
Creditors: amounts falling due within one year
5
(83,786)
(81,587)
Net current assets
301,863
329,637
Total assets less current liabilities
1,204,467
1,232,896
Creditors: amounts falling due after more than one year
6
(157,837)
(218,327)
Provisions for liabilities
(85,909)
(65,534)
Net assets
960,721
949,035
Capital and reserves
Called up share capital
100
100
Revaluation reserve
466,708
487,207
Profit and loss reserves
493,913
461,728
Total equity
960,721
949,035

The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial year ended 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.

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

AMBERGREEN PROPERTIES LIMITED
BALANCE SHEET (CONTINUED)
AS AT
31 MARCH 2023
31 March 2023
- 2 -
The financial statements were approved by the board of directors and authorised for issue on 28 September 2023 and are signed on its behalf by:
Mrs L M Thomas
Director
Company Registration No. 04338574
AMBERGREEN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MARCH 2023
- 3 -
1
Accounting policies
Company information

Ambergreen Properties Limited is a private company limited by shares incorporated in England and Wales. The registered office is 4 Brackley Close, Bournemouth International Airport, Christchurch, Dorset, BH23 6SE.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention.

1.2
Turnover

The turnover that is shown in the profit and loss account represents the amount of rent receivable during the period, exclusive of Value Added Tax.

1.3
Tangible fixed assets

Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.

Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:

Freehold land and buildings
None
Fixtures and fittings
3 years straight line / 25% reducing balance

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

1.4
Impairment of fixed assets

A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date.

1.5
Taxation
Current tax

Current tax is recognised on taxable profit for the current and, where not previously recognised, past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.

Deferred tax

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date that are expected to apply to the reversal of the timing difference.

AMBERGREEN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 4 -
2
Employees

The average monthly number of persons (including directors) employed by the company during the year was:

2023
2022
Number
Number
Total
2
2
3
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost
At 1 April 2022
900,000
40,514
940,514
Additions
-
0
1,064
1,064
At 31 March 2023
900,000
41,578
941,578
Depreciation and impairment
At 1 April 2022
-
0
37,255
37,255
Depreciation charged in the year
-
0
1,719
1,719
At 31 March 2023
-
0
38,974
38,974
Carrying amount
At 31 March 2023
900,000
2,604
902,604
At 31 March 2022
900,000
3,259
903,259
4
Debtors
2023
2022
Amounts falling due within one year:
£
£
Trade debtors
19,771
1,237
Other debtors
301,020
301,236
320,791
302,473
5
Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans
35,243
34,431
Taxation and social security
8,655
7,767
Other creditors
39,888
39,389
83,786
81,587
AMBERGREEN PROPERTIES LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 MARCH 2023
- 5 -
6
Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
84,286
117,254
Other creditors
73,551
101,073
157,837
218,327
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