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REGISTERED NUMBER: 02411415 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2023

FOR

AMAR ENTERPRISES LIMITED

AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AMAR ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2023







DIRECTORS: Mr S Jagsi
Mrs R Jagsi





REGISTERED OFFICE: 261 Edgwarebury Lane
Edgware
Middlesex
HA8 8QL





REGISTERED NUMBER: 02411415 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)

STATEMENT OF FINANCIAL POSITION
31 JULY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 25 34
Investments 5 92,000 92,000
Investment property 6 1,022,082 1,020,311
1,114,107 1,112,345

CURRENT ASSETS
Debtors 7 1,150 16,376
Cash at bank 16,758 12,788
17,908 29,164
CREDITORS
Amounts falling due within one year 8 542,090 570,195
NET CURRENT LIABILITIES (524,182 ) (541,031 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

589,925

571,314

CREDITORS
Amounts falling due after more than one year 9 425,158 448,375
NET ASSETS 164,767 122,939

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 164,667 122,839
SHAREHOLDERS' FUNDS 164,767 122,939

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 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.

AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)

STATEMENT OF FINANCIAL POSITION - continued
31 JULY 2023


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 Board of Directors and authorised for issue on 20 October 2023 and were signed on its behalf by:





Mr S Jagsi - Director


AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2023

1. STATUTORY INFORMATION

Amar Enterprises 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Fixed asset investments
Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals or impairment losses are recognised immediately in profit or loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2022
and 31 July 2023 3,116
DEPRECIATION
At 1 August 2022 3,082
Charge for year 9
At 31 July 2023 3,091
NET BOOK VALUE
At 31 July 2023 25
At 31 July 2022 34

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2022
and 31 July 2023 92,000
NET BOOK VALUE
At 31 July 2023 92,000
At 31 July 2022 92,000

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2022 1,020,311
Additions 1,771
At 31 July 2023 1,022,082
NET BOOK VALUE
At 31 July 2023 1,022,082
At 31 July 2022 1,020,311

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 1,150 16,376

AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2023

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 23,217 22,609
Other creditors 518,873 547,586
542,090 570,195

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 425,158 448,375

10. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 448,375 470,984

The bank loan is secured on the investment property by way of a fixed and floating charge and contains a negative pledge.

11. RELATED PARTY DISCLOSURES

Included in other debtors is an amount of £650 (2022: £4,631) advanced to companies in which the directors have an interest. Also included in other debtors is an amount of £500 (2022: £500) advanced to a company in which Amar Enterprises Limited has an interest.

Included in other creditors is an amount of £346,500 (2022: £346,500) advanced from a company in which the directors have an interest.