Registered number
06125086
Amir-Baron Properties Limited
Filleted Accounts
31 March 2023
UKFS Consulting Limited
33 Naseby Road
Ilford
Essex
IG5 0NN
Amir-Baron Properties Limited
Registered number: 06125086
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Investment property 4 1,563,346 2,663,346
Current assets
Debtors 5 32,192 -
Cash at bank and in hand 56,049 26,581
88,241 26,581
Creditors: amounts falling due within one year 6 (1,164,207) (1,180,274)
Net current liabilities (1,075,966) (1,153,693)
Total assets less current liabilities 487,380 1,509,653
Creditors: amounts falling due after more than one year 7 (13,651) (18,902)
Provisions for liabilities (42,080) (30,809)
Net assets 431,649 1,459,942
Capital and reserves
Called up share capital 100 100
Fair value reserve 8 430,595 720,911
Profit and loss account 954 738,931
Shareholders' funds 431,649 1,459,942
The directors are 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 directors acknowledge their 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.
B Naghdi-Esfastani
Director
Approved by the board on 19 November 2023
Amir-Baron Properties Limited
Notes to the Accounts
for the year ended 31 March 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention 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 is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rental income.
Investment properties
Investments in property are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. 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. 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. 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. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Dividend 2023 2022
£ £
Final dividend 1,200,000 -
1,200,000 -
Distribution-in-specie
During the financial year, the Company made a distribution in specie to the shareholder by transferring a non-cash asset, specifically a property situated at 88 Lysia St SW6 6NEwith a fair value of £1,200,000.
3 Employees 2023 2022
Number Number
Average number of persons employed by the company - -
4 Tangible fixed assets
Investment propoerties
£
Fair Value
At 1 April 2022 2,663,346
Disposals (1,100,000)
At 31 March 2023 1,563,346
Depreciation
At 31 March 2023 -
Net book value
At 31 March 2023 1,563,346
At 31 March 2022 2,663,346
Properties are valued by director as at 31st March 2022.
5 Debtors 2023 2022
£ £
Amount owed by related companies 30,000 -
Other debtors 2,192 -
32,192 -
6 Creditors: amounts falling due within one year 2023 2022
£ £
Director's account 894,326 913,170
Rent Deposit 14,633 15,931
Bank loans 5,614 6,000
Amount owed to related companies 200,000 212,500
Taxation and social security costs 44,219 23,585
Accruals 5,415 9,088
1,164,207 1,180,274
7 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 13,651 18,902
8 Fair value reserve 2023 2022
£ £
At 1 April 2022 720,911 720,911
Movement in reserve (290,316) -
At 31 March 2023 430,595 720,911
9 Related party transactions
As at 31st March 2023 the company owes £30,000 (2022:Nil) to other related party.
Also the company is owed £200,000 (2022: 212,500) from other related party.
10 Controlling party
Bahram Naghdi-Esfastani now controls the Company by virtue of his shareholding.
11 Other information
Amir-Baron Properties Limited is a private company limited by shares and incorporated in England. Its registered office is:
50 Shepherd Bush Green
London
W12 8PS
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