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COMPANY REGISTRATION NUMBER: 12416676
AMPCO 148 Limited
Filleted Unaudited Financial Statements
31 March 2023
AMPCO 148 Limited
Statement of Financial Position
31 March 2023
2023
2022
Note
£
£
Fixed assets
Investments
4
772,423
772,423
Current assets
Debtors
5
1,727
Cash at bank and in hand
2,019
2,812
-------
-------
3,746
2,812
Creditors: amounts falling due within one year
6
208,126
370,886
---------
---------
Net current liabilities
204,380
368,074
---------
---------
Total assets less current liabilities
568,043
404,349
Creditors: amounts falling due after more than one year
7
277,726
343,227
---------
---------
Net assets
290,317
61,122
---------
---------
Capital and reserves
Called up share capital
90
90
Profit and loss account
290,227
61,032
---------
--------
Shareholders funds
290,317
61,122
---------
--------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 ;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements .
AMPCO 148 Limited
Statement of Financial Position (continued)
31 March 2023
These financial statements were approved by the board of directors and authorised for issue on 18 October 2023 , and are signed on behalf of the board by:
Mr KD Gandhi
Director
Company registration number: 12416676
AMPCO 148 Limited
Notes to the Financial Statements
Year ended 31 March 2023
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is 61 The Broadway, Oadby, LE2 2HF, Leicestershire.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Consolidation
The company has taken advantage of the option not to prepare consolidated financial statements contained in Section 398 of the Companies Act 2006 on the basis that the company and its subsidiary undertakings comprise a small group.
Investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses.
Financial instruments
A financial asset or a financial liability is recognised only when the entity becomes a party to the contractual provisions of the instrument.
4. Investments
Shares in group undertakings
£
Cost
At 1 April 2022 and 31 March 2023
772,423
---------
Impairment
At 1 April 2022 and 31 March 2023
---------
Carrying amount
At 31 March 2023
772,423
---------
At 31 March 2022
772,423
---------
The above investment relates to the purchase of 100% of the share capital in MI Life Care Services Limited.
5. Debtors
2023
2022
£
£
Amounts owed by group undertakings and undertakings in which the company has a participating interest
1,727
-------
----
6. Creditors: amounts falling due within one year
2023
2022
£
£
Bank loans and overdrafts
69,799
69,800
Amounts owed to group undertakings and undertakings in which the company has a participating interest
117,216
Other creditors
138,327
183,870
---------
---------
208,126
370,886
---------
---------
Barclays Security Trustee Limited holds legal charges secured on freehold property of Niran Investments Ltd. The charges were created on 2 December 2020. The above charges are included within bank loans and overdrafts.
7. Creditors: amounts falling due after more than one year
2023
2022
£
£
Bank loans and overdrafts
277,726
343,227
---------
---------
Included within creditors: amounts falling due after more than one year is an amount of £Nil (2022: £46,027) in respect of liabilities payable or repayable by instalments which fall due for payment after more than five years from the reporting date.
Barclays Security Trustee Limited holds legal charges secured on freehold property of Niran Investments Ltd. The charges were created on 2 December 2020. The above charges are included within bank loans and overdrafts.