Caseware UK (AP4) 2022.0.179 2022.0.179 false2022-04-01No description of principal activity45truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 03528626 2022-04-01 2023-03-31 03528626 2021-04-01 2022-03-31 03528626 2023-03-31 03528626 2022-03-31 03528626 c:Director3 2022-04-01 2023-03-31 03528626 d:FreeholdInvestmentProperty 2023-03-31 03528626 d:FreeholdInvestmentProperty 2022-03-31 03528626 d:CurrentFinancialInstruments 2023-03-31 03528626 d:CurrentFinancialInstruments 2022-03-31 03528626 d:CurrentFinancialInstruments d:WithinOneYear 2023-03-31 03528626 d:CurrentFinancialInstruments d:WithinOneYear 2022-03-31 03528626 d:ShareCapital 2023-03-31 03528626 d:ShareCapital 2022-03-31 03528626 d:RevaluationReserve 2023-03-31 03528626 d:RevaluationReserve 2022-03-31 03528626 d:OtherMiscellaneousReserve 2023-03-31 03528626 d:OtherMiscellaneousReserve 2022-03-31 03528626 d:RetainedEarningsAccumulatedLosses 2023-03-31 03528626 d:RetainedEarningsAccumulatedLosses 2022-03-31 03528626 c:FRS102 2022-04-01 2023-03-31 03528626 c:AuditExemptWithAccountantsReport 2022-04-01 2023-03-31 03528626 c:FullAccounts 2022-04-01 2023-03-31 03528626 c:PrivateLimitedCompanyLtd 2022-04-01 2023-03-31 03528626 2 2022-04-01 2023-03-31 03528626 4 2022-04-01 2023-03-31 03528626 6 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Registered number: 03528626










Amberley Shop Properties Ltd.








Unaudited

Financial statements

Information for filing with the registrar

For the year ended 31 March 2023

 
Amberley Shop Properties Ltd.
 
  
Chartered accountants' report to the board of directors on the preparation of the unaudited statutory financial statements of Amberley Shop Properties Ltd. for the year ended 31 March 2023

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Amberley Shop Properties Ltd for the year ended 31 March 2023 which comprise  the Balance sheet and the related notes from the Company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at https://www.icaew.com /regulation.

This report is made solely to the Board of directors of Amberley Shop Properties Ltd., as a body, in accordance with the terms of our engagement letter dated 18 March 2021Our work has been undertaken solely to prepare for your approval the financial statements of Amberley Shop Properties Ltd  and state those matters that we have agreed to state to the Board of directors of Amberley Shop Properties Ltd., as a body, in this report in accordance with ICAEW Technical Release TECH07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amberley Shop Properties Ltd and its Board of directors, as a body, for our work or for this report. 

It is your duty to ensure that Amberley Shop Properties Ltd has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Amberley Shop Properties Ltd. You consider that Amberley Shop Properties Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or review of the financial statements of Amberley Shop Properties Ltd. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

  



Kreston Reeves LLP
Chartered Accountants
Plus X Innovation Hub
Lewes Road
Brighton
East Sussex
BN2 4GL
2 November 2023
Page 1

 
Amberley Shop Properties Ltd.
Registered number: 03528626

Balance sheet
As at 31 March 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
372,148
394,210

Investment property
 5 
102,492
102,492

  
474,640
496,702

Current assets
  

Debtors: amounts falling due within one year
 6 
465
492

Current asset investments
 7 
11,379
26,402

Cash at bank
  
9,415
12,101

  
21,259
38,995

Creditors: amounts falling due within one year
 8 
(1,590)
(1,410)

Net current assets
  
 
 
19,669
 
 
37,585

Total assets less current liabilities
  
494,309
534,287

  

Net assets
  
494,309
534,287


Capital and reserves
  

Called up share capital 
  
5
5

Listed investment revaluation reserve
  
98,963
151,379

Fair value reserve
  
33,967
33,967

Profit and loss account
  
361,374
348,936

  
494,309
534,287


Page 2

 
Amberley Shop Properties Ltd.
Registered number: 03528626

Balance sheet (continued)
As at 31 March 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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 financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

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

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




................................................
D H Vokins
Director
Date: 20 October 2023

The notes on pages 4 to 7 form part of these financial statements.

Page 3

 
Amberley Shop Properties Ltd.
 

 
Notes to the financial statements
For the year ended 31 March 2023

1.


General information

The company is a private company limited by share capital, incorporated in England and Wales (registered number: 03528626).
The address of its registered office is:
9 Donnington Park
85 Birdham Road
Chichester
West Sussex
PO20 7AJ

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Going concern

These accounts are prepared on the going concern basis

 
2.3

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for rents in the ordinary course of the company's activities.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity; and
- specific criteria have been met for each of the company's activities.

 
2.4

Valuation of investments

Investments in listed company shares are remeasured to market value at each Balance Sheet date. Gains and losses on remeasurement are recognised in the statement of comprehensive income for the period.

 
2.5

Investment property

Investment property is carried at fair value determined annually by the directors' and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income.

 
2.6

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Page 4

 
Amberley Shop Properties Ltd.
 

 
Notes to the financial statements
For the year ended 31 March 2023

2.Accounting policies (continued)

 
2.7

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, are measured initially at fair value, net of transaction costs.

 
2.8

Interest income

Interest income is recognised in the profit and loss account using the effective interest method. 

 
2.9

Exceptional items

Exceptional items are transactions that fall within the ordinary activities of the Company but are presented separately due to their size or incidence.


3.


Employees

The average monthly number of employees, including directors, during the year was 4 (2022 - 5).


4.


Fixed asset investments





Listed investments

£



Cost or valuation


At 1 April 2022
394,210


Additions
57,292


Disposals
(47,373)


Revaluations
(31,981)



At 31 March 2023
372,148




Page 5

 
Amberley Shop Properties Ltd.
 

 
Notes to the financial statements
For the year ended 31 March 2023

5.


Investment property


Freehold investment property

£



Valuation


At 1 April 2022
102,492



At 31 March 2023
102,492

The 2023 valuations were made by the directors, on an open market value for existing use basis.






If the Investment properties had been accounted for under the historic cost accounting rules, the properties would have been measured as follows:

2023
2022
£
£


Historic cost less depreciation
36,541
37,911

36,541
37,911

Page 6

 
Amberley Shop Properties Ltd.
 

 
Notes to the financial statements
For the year ended 31 March 2023

6.


Debtors

2023
2022
£
£


Other debtors
61
61

Prepayments and accrued income
404
431

465
492



7.


Current asset investments

2023
2022
£
£

Cash held with Smith & Williamson Investment Management Limited
11,379
26,402

11,379
26,402



8.


Creditors: Amounts falling due within one year

2023
2022
£
£

Accruals and deferred income
1,590
1,410

1,590
1,410



Page 7