Ahmale Limited |
Registered number: |
10075026 |
Balance Sheet |
as at 31 August 2023 |
|
Notes |
|
|
2023 |
|
|
2022 |
£ |
£ |
Fixed assets |
Tangible assets |
3 |
|
|
679,825 |
|
|
600,000 |
|
Current assets |
Stocks |
|
|
395,576 |
|
|
- |
Debtors |
4 |
|
729 |
|
|
- |
Cash at bank and in hand |
|
|
42,521 |
|
|
88,619 |
|
|
|
438,826 |
|
|
88,619 |
|
Creditors: amounts falling due within one year |
5 |
|
(780,689) |
|
|
(395,565) |
|
Net current liabilities |
|
|
|
(341,863) |
|
|
(306,946) |
|
Total assets less current liabilities |
|
|
|
337,962 |
|
|
293,054 |
|
|
Provisions for liabilities |
|
|
|
(36,321) |
|
|
(27,604) |
|
|
Net assets |
|
|
|
301,641 |
|
|
265,450 |
|
|
|
|
|
|
|
|
Capital and reserves |
Called up share capital |
|
|
|
100 |
|
|
100 |
Revaluation reserve |
6 |
|
|
102,922 |
|
|
111,639 |
Profit and loss account |
|
|
|
198,619 |
|
|
153,711 |
|
Shareholders' funds |
|
|
|
301,641 |
|
|
265,450 |
|
|
|
|
|
|
|
|
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
J Scott |
Director |
Approved by the board on 14 November 2023 |
|
Ahmale Limited |
Notes to the Accounts |
for the year ended 31 August 2023 |
|
|
1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention as modified by the revaluation of land and buildings and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover represents rental income received. Rentals received under an operating lease are credited to revenue on a straight line basis over the lease terms. |
|
|
Investment properties |
|
The investment properties are revalued annually by the director at fair value. Any surplus or deficit on revaluation is recognised in the profit and loss account in the year they occur and are then transferred to the revaluation reserve. No depreciation is provided in respect of the investment properties. |
|
|
Stocks |
|
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. |
|
|
2 |
Employees |
2023 |
|
2022 |
Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Investment properties |
£ |
|
Cost |
|
At 1 September 2022 |
600,000 |
|
Additions |
79,825 |
|
At 31 August 2023 |
679,825 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 August 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 August 2023 |
679,825 |
|
At 31 August 2022 |
600,000 |
|
|
|
|
|
|
|
|
|
|
|
Investment properties: |
2023 |
|
2022 |
£ |
£ |
|
Historical cost |
540,582 |
|
460,757 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
540,582 |
|
460,757 |
|
The investment properties have been valued by the company director at fair value. The valuation was completed by the director using his knowledge of the properties in the area. |
|
|
4 |
Debtors |
2023 |
|
2022 |
£ |
£ |
|
|
Other debtors |
729 |
|
- |
|
|
|
|
|
|
|
|
|
|
5 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
£ |
£ |
|
|
Trade creditors |
6,809 |
|
- |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
750,117 |
|
375,104 |
|
Taxation and social security costs |
15,857 |
|
14,232 |
|
Other creditors |
7,906 |
|
6,229 |
|
|
|
|
|
|
780,689 |
|
395,565 |
|
|
|
|
|
|
|
|
|
|
6 |
Revaluation reserve |
2023 |
|
2022 |
£ |
£ |
|
|
At 1 September 2022 |
111,639 |
|
30,639 |
|
Gain on revaluation of investment properties |
- |
|
100,000 |
|
Deferred taxation arising on the revaluation of investment properties |
(8,717) |
|
(19,000) |
|
|
At 31 August 2023 |
102,922 |
|
111,639 |
|
|
|
|
|
|
|
|
|
|
7 |
Other information |
|
|
Ahmale Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit 8 |
|
Whitacre Road |
|
Nuneaton |
|
Warwickshire |
|
CV11 6BX |