Registered number
10075026
Ahmale Limited
Unaudited Filleted Accounts
31 August 2023
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
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