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Amountport Limited

Unaudited Financial Statements for the Year Ended 30 November 2022






Amountport Limited (Registered number: 03126664)






Contents of the Financial Statements
for the Year Ended 30 November 2022




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amountport Limited

Company Information
for the Year Ended 30 November 2022







DIRECTOR: G R Currie





SECRETARY: Mrs J Currie





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 03126664 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Amountport Limited (Registered number: 03126664)

Balance Sheet
30 November 2022

30.11.22 30.11.21
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,232 7,271
Investment property 5 4,600,000 4,965,000
4,607,232 4,972,271

CURRENT ASSETS
Debtors 6 133,749 -
Cash at bank 170,007 481,462
303,756 481,462
CREDITORS
Amounts falling due within one year 7 868,715 997,614
NET CURRENT LIABILITIES (564,959 ) (516,152 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,042,273

4,456,119

CREDITORS
Amounts falling due after more than one
year

8

(1,867,534

)

(2,158,700

)

PROVISIONS FOR LIABILITIES (473,968 ) (529,653 )
NET ASSETS 1,700,771 1,767,766

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 1,421,901 1,588,956
Retained earnings 278,868 178,808
SHAREHOLDERS' FUNDS 1,700,771 1,767,766

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2022.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2022 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Amountport Limited (Registered number: 03126664)

Balance Sheet - continued
30 November 2022


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 director and authorised for issue on 28 November 2023 and were signed by:





G R Currie - Director


Amountport Limited (Registered number: 03126664)

Notes to the Financial Statements
for the Year Ended 30 November 2022

1. STATUTORY INFORMATION

Amountport 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.

Turnover
Turnover represents net invoiced rents receivable, excluding value added tax.

Tangible fixed assets
Depreciation is based on historic cost or valuation, less the estimated residual value and the estimated economic life of the asset concerned. Land & buildings are not depreciated.

Plant & machinery is depreciated at 15% on reducing balance.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2021 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2021
and 30 November 2022 7,000 8,763 15,763
DEPRECIATION
At 1 December 2021 - 8,492 8,492
Charge for year - 39 39
At 30 November 2022 - 8,531 8,531
NET BOOK VALUE
At 30 November 2022 7,000 232 7,232
At 30 November 2021 7,000 271 7,271

Amountport Limited (Registered number: 03126664)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2021 4,965,000
Additions 190,856
Disposals (555,856 )
At 30 November 2022 4,600,000
NET BOOK VALUE
At 30 November 2022 4,600,000
At 30 November 2021 4,965,000

Investment properties were valued using market data by the director on 30th November 2022.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Other debtors 133,749 -

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.11.22 30.11.21
£    £   
Bank loans and overdrafts 40,495 44,388
Trade creditors 2,326 -
Taxation and social security 30,799 16,649
Other creditors 795,095 936,577
868,715 997,614

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.22 30.11.21
£    £   
Bank loans 1,867,534 2,158,700

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 676,728 778,750

Repayable by instalments
Bank loans 1,042,526 1,205,255

9. SECURED DEBTS

The following secured debts are included within creditors:

30.11.22 30.11.21
£    £   
Bank loans 1,908,029 2,203,088

Amountport Limited (Registered number: 03126664)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2022

10. RESERVES
Fair
value
reserve
£   
At 1 December 2021 1,588,956
Fair value reserve (167,055 )

At 30 November 2022 1,421,901