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REGISTERED NUMBER: 09433838 (England and Wales)


















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2023

FOR

AMCOR PROPERTY LIMITED

AMCOR PROPERTY LIMITED (REGISTERED NUMBER: 09433838)

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


AMCOR PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 28 FEBRUARY 2023







DIRECTORS: Mr A Malik
Ms L Malik





SECRETARY: Ms L Malik





REGISTERED OFFICE: Flat 41
3-8 Porchester Gate
Bayswater Road
London
W2 3HP





REGISTERED NUMBER: 09433838 (England and Wales)





ACCOUNTANTS: Arithma LLP
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

AMCOR PROPERTY LIMITED (REGISTERED NUMBER: 09433838)

BALANCE SHEET
28 FEBRUARY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 11,358 15,145
Investment property 5 1,843,162 1,843,162
1,854,520 1,858,307

CURRENT ASSETS
Debtors 6 31,730 70,724
Cash at bank 604,920 448,652
636,650 519,376
CREDITORS
Amounts falling due within one year 7 2,359,409 2,412,608
NET CURRENT LIABILITIES (1,722,759 ) (1,893,232 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

131,761

(34,925

)

PROVISIONS FOR LIABILITIES 29,778 30,725
NET ASSETS/(LIABILITIES) 101,983 (65,650 )

CAPITAL AND RESERVES
Called up share capital 99 99
Retained earnings 101,884 (65,749 )
SHAREHOLDERS' FUNDS 101,983 (65,650 )

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.

AMCOR PROPERTY LIMITED (REGISTERED NUMBER: 09433838)

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 29 November 2023 and were signed on its behalf by:





Ms L Malik - Director


AMCOR PROPERTY LIMITED (REGISTERED NUMBER: 09433838)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 28 FEBRUARY 2023


1. STATUTORY INFORMATION

Amcor Property 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 rents and charges receivable for the period, excluding value added tax.

TANGIBLE FIXED ASSETS
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance
Computer equipment - 25% 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.

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 2 (2022 - 2 ) .

AMCOR PROPERTY LIMITED (REGISTERED NUMBER: 09433838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


4. TANGIBLE FIXED ASSETS
Fixtures
Plant and and Computer
machinery fittings equipment Totals
£    £    £    £   
COST
At 1 March 2022
and 28 February 2023 21,423 26,154 581 48,158
DEPRECIATION
At 1 March 2022 13,993 18,766 254 33,013
Charge for year 1,858 1,847 82 3,787
At 28 February 2023 15,851 20,613 336 36,800
NET BOOK VALUE
At 28 February 2023 5,572 5,541 245 11,358
At 28 February 2022 7,430 7,388 327 15,145

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2022
and 28 February 2023 1,843,162
NET BOOK VALUE
At 28 February 2023 1,843,162
At 28 February 2022 1,843,162

The directors are of the opinion that the open market value of its investment property is not materially different to the carrying value reflected in the balance sheet.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 26,429 65,673
Other debtors 5,301 5,051
31,730 70,724

AMCOR PROPERTY LIMITED (REGISTERED NUMBER: 09433838)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 28 FEBRUARY 2023


7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors 24,487 37,233
Taxation and social security 20,736 19,857
Other creditors 2,314,186 2,355,518
2,359,409 2,412,608

8. RELATED PARTY DISCLOSURES

The company received interest free loans from its shareholders and a related company with common shareholders/directors. The amount outstanding at the balance sheet date totalled £1,620,225 (2022 - £1,650,225) due to shareholders and £597,848 (2022 - £597,848) to the related company.