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REGISTERED NUMBER: 13200518 (England and Wales)
















Amroth Limited

Unaudited Financial Statements

for the Year Ended

28 February 2023






Amroth Limited (Registered number: 13200518)






Contents of the Financial Statements
for the Year Ended 28 February 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amroth Limited

Company Information
for the Year Ended 28 February 2023







DIRECTORS: S Saikhon
Mrs H K Saikhon





REGISTERED OFFICE: 15 Peartree Road
Warwick
Warwickshire
CV34 8DQ





REGISTERED NUMBER: 13200518 (England and Wales)





ACCOUNTANTS: Moffat Gilbert
5 Clarendon Place
Leamington Spa
Warwickshire
CV32 5QL

Amroth Limited (Registered number: 13200518)

Balance Sheet
28 February 2023

28.2.23 28.2.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 764,409 182,838

CURRENT ASSETS
Debtors 5 2,076 980
Cash at bank 475 5,589
2,551 6,569
CREDITORS
Amounts falling due within one year 6 18,352 86,953
NET CURRENT LIABILITIES (15,801 ) (80,384 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

748,608

102,454

CREDITORS
Amounts falling due after more than one
year

7

(734,759

)

(100,000

)

PROVISIONS FOR LIABILITIES (1,459 ) -
NET ASSETS 12,390 2,454

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 6,222 -
Retained earnings 10 6,068 2,354
SHAREHOLDERS' FUNDS 12,390 2,454

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 28 February 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 28 February 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.

Amroth Limited (Registered number: 13200518)

Balance Sheet - continued
28 February 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 28 November 2023 and were signed on its behalf by:





S Saikhon - Director


Amroth Limited (Registered number: 13200518)

Notes to the Financial Statements
for the Year Ended 28 February 2023

1. STATUTORY INFORMATION

Amroth 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.

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 represents the gross rents receivable before related expenses. The income is recognised in the period to which the rents relate.

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 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).

Amroth Limited (Registered number: 13200518)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022 182,838
Additions 573,890
Revaluations 7,681
At 28 February 2023 764,409
NET BOOK VALUE
At 28 February 2023 764,409
At 28 February 2022 182,838

Fair value at 28 February 2023 is represented by:
£   
Valuation in 2023 7,681
Cost 756,728
764,409

If the investment properties had not been revalued they would have been included at the following historical cost:

28.2.23 28.2.22
£    £   
Cost 756,728 -

The gifted property was valued on an open market basis on 22 February 2023 by Sandhu Estates, see note below .

Both the investment property purchased in the previous year and the property purchased in the current year were reviewed at the year end by the director and prices were compared to similar properties in the same areas to ascertain the current market values.

A third property held by the company was transferred to the company in the year by the director, S Saikhon who had been gifted the property by his parents. A professional valuer was used to value the property for the purposes of the gift and as the date of the transfer was within one month of the year end, it is considered by the director that there would have been no further movement on the value and thus that valuation has been utilised for the value included within the accounts.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Other debtors 2,076 980

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
28.2.23 28.2.22
£    £   
Taxation and social security 871 568
Other creditors 17,481 86,385
18,352 86,953

Amroth Limited (Registered number: 13200518)

Notes to the Financial Statements - continued
for the Year Ended 28 February 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
28.2.23 28.2.22
£    £   
Bank loans 309,759 -
Other creditors 425,000 100,000
734,759 100,000

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Interest only mortgages 309,759 -

8. SECURED DEBTS

The following secured debts are included within creditors:

28.2.23 28.2.22
£    £   
Mortgages 309,759 -

The mortgages held are secured on the properties to which the mortgages relate.
Aldemore Bank Plc hold a charge dated 9 May 2022 and the Mortgage Works hold a charge dated 25 November 2022.

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 28.2.23 28.2.22
value: £    £   
100 Ordinary £1 100 100

10. RESERVES
Fair
Retained value
earnings reserve Totals
£    £    £   

At 1 March 2022 2,354 - 2,354
Profit for the year 9,936 9,936
Movement on fair value of
investment properties

(7,681

)

7,681

-

Tax on fair value movement 1,459 (1,459 ) -
At 28 February 2023 6,068 6,222 12,290

11. ULTIMATE CONTROLLING PARTY

The directors are the joint controlling parties of the company.