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REGISTERED NUMBER: 10053676 (England and Wales)















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2023

FOR

AMP ADVISORS UK LTD

AMP ADVISORS UK LTD (REGISTERED NUMBER: 10053676)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMP ADVISORS UK LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 31 March 2023







DIRECTOR: Ms I Vasilaki





REGISTERED OFFICE: 64 Princes Court
88 Brompton Road
London
SW3 1ET





REGISTERED NUMBER: 10053676 (England and Wales)





ACCOUNTANTS: G. George Associates Limited
Chartered Certified Accountants
12 Gateway Mews
Ring Way
London
N11 2UT

AMP ADVISORS UK LTD (REGISTERED NUMBER: 10053676)

BALANCE SHEET
31 March 2023

31.3.23 31.3.22
Notes €    €    €    €   
FIXED ASSETS
Intangible assets 4 600,000 600,000

CURRENT ASSETS
Debtors 5 32,206 35,147
Cash at bank 35,938 35,539
68,144 70,686
CREDITORS
Amounts falling due within one year 6 65,500 67,753
NET CURRENT ASSETS 2,644 2,933
TOTAL ASSETS LESS CURRENT
LIABILITIES

602,644

602,933

PROVISIONS FOR LIABILITIES 113,996 113,996
NET ASSETS 488,648 488,937

CAPITAL AND RESERVES
Called up share capital 7 2,537 2,537
Fair value reserve 8 485,985 485,985
Retained earnings 126 415
SHAREHOLDERS' FUNDS 488,648 488,937

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

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 27 October 2023 and were signed by:



Ms I Vasilaki - Director


AMP ADVISORS UK LTD (REGISTERED NUMBER: 10053676)

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

1. STATUTORY INFORMATION

AMP Advisors UK Ltd 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.

Intangible assets
Intangible asset is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss. Deferred taxation is provided on such surplus or deficit at the rate expected to apply when the intangible asset is sold.

The fair value profits on intangible asset is not a realised profit available for distribution. In order to differentiate the non-distributable profits with the distributable profits of the company, any fair value movements on intangible asset less the deferred tax on such movements is transferred from retained earnings to fair value reserves, which is a non-distributable reserve.

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 NIL (2022 - NIL).

AMP ADVISORS UK LTD (REGISTERED NUMBER: 10053676)

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

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
€   
COST OR VALUATION
At 1 April 2022
and 31 March 2023 600,000
NET BOOK VALUE
At 31 March 2023 600,000
At 31 March 2022 600,000

Cost or valuation at 31 March 2023 is represented by:

Other
intangible
assets
€   
Valuation in 2019 599,981
Cost 19
600,000

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
€    €   
Trade debtors 9,961 14,433
Other debtors 22,245 20,714
32,206 35,147

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.23 31.3.22
€    €   
Taxation and social security 5,284 6,422
Other creditors 60,216 61,331
65,500 67,753

7. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.23 31.3.22
value: €    €   
1,071 'A' £1 1,208 1,208
1,029 'B' £1 1,329 1,329
2,537 2,537

AMP ADVISORS UK LTD (REGISTERED NUMBER: 10053676)

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

8. RESERVES
Fair
value
reserve
€   
At 1 April 2022
and 31 March 2023 485,985