Bright AccountsProduction v1.0.0 v1.0.0 2022-03-01 The company was not dormant during the period The company was trading for the entire period Unaudited Accounts The principal activity of the company is the buying and selling of own real estate and management of real estate on a fee or contract basis. 28 November 2023 2 2 NI611327 2023-02-28 NI611327 2022-02-28 NI611327 2021-02-28 NI611327 2022-03-01 2023-02-28 NI611327 2021-03-01 2022-02-28 NI611327 uk-bus:PrivateLimitedCompanyLtd 2022-03-01 2023-02-28 NI611327 uk-curr:PoundSterling 2022-03-01 2023-02-28 NI611327 uk-bus:SmallCompaniesRegimeForAccounts 2022-03-01 2023-02-28 NI611327 uk-bus:FullAccounts 2022-03-01 2023-02-28 NI611327 uk-bus:Director1 2022-03-01 2023-02-28 NI611327 uk-bus:Director2 2022-03-01 2023-02-28 NI611327 uk-bus:RegisteredOffice 2022-03-01 2023-02-28 NI611327 uk-bus:Agent1 2022-03-01 2023-02-28 NI611327 uk-core:ShareCapital 2023-02-28 NI611327 uk-core:ShareCapital 2022-02-28 NI611327 uk-core:RevaluationReserve 2023-02-28 NI611327 uk-core:RevaluationReserve 2022-02-28 NI611327 uk-core:RetainedEarningsAccumulatedLosses 2023-02-28 NI611327 uk-core:RetainedEarningsAccumulatedLosses 2022-02-28 NI611327 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2023-02-28 NI611327 uk-core:TotalEquityAttributableToOwnersParentBeforeNon-controllingInterests 2022-02-28 NI611327 uk-bus:FRS102 2022-03-01 2023-02-28 NI611327 uk-core:LandBuildings 2022-03-01 2023-02-28 NI611327 uk-core:PlantMachinery 2022-03-01 2023-02-28 NI611327 uk-core:FurnitureFittingsToolsEquipment 2022-03-01 2023-02-28 NI611327 uk-core:MotorVehicles 2022-03-01 2023-02-28 NI611327 uk-core:CurrentFinancialInstruments 2023-02-28 NI611327 uk-core:CurrentFinancialInstruments 2022-02-28 NI611327 uk-core:CurrentFinancialInstruments 2023-02-28 NI611327 uk-core:CurrentFinancialInstruments 2022-02-28 NI611327 uk-core:WithinOneYear 2023-02-28 NI611327 uk-core:WithinOneYear 2022-02-28 NI611327 uk-core:WithinOneYear 2023-02-28 NI611327 uk-core:WithinOneYear 2022-02-28 NI611327 uk-core:AfterOneYear 2023-02-28 NI611327 uk-core:AfterOneYear 2022-02-28 NI611327 uk-core:BetweenTwoFiveYears 2023-02-28 NI611327 uk-core:BetweenTwoFiveYears 2022-02-28 NI611327 uk-core:EmployeeBenefits 2022-02-28 NI611327 uk-core:EmployeeBenefits 2022-03-01 2023-02-28 NI611327 uk-core:AcceleratedTaxDepreciationDeferredTax 2023-02-28 NI611327 uk-core:TaxLossesCarry-forwardsDeferredTax 2023-02-28 NI611327 uk-core:OtherDeferredTax 2023-02-28 NI611327 uk-core:RevaluationPropertyPlantEquipmentDeferredTax 2023-02-28 NI611327 uk-core:EmployeeBenefits 2023-02-28 NI611327 2022-03-01 2023-02-28 NI611327 uk-bus:AuditExempt-NoAccountantsReport 2022-03-01 2023-02-28 xbrli:pure iso4217:GBP xbrli:shares
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Company Registration Number: NI611327
 
 
Ambleside Property Services Ltd
 
Unaudited Financial Statements
 
for the financial year ended 28 February 2023
Ambleside Property Services Ltd
DIRECTORS AND OTHER INFORMATION

 
Directors Victoria Hannath
Michael Hannath
 
 
Company Registration Number NI611327
 
 
Registered Office 5a Stewart Avenue
Co. Armagh
Northern Ireland
 
 
Business Address 5a Stewart Avenue
Portadown
Co. Armagh
BT63 5DA
Northern Ireland
 
 
Accountants MG accountants
(Portadown)
25-27 Carleton Street
Portadown
Co. Armagh
BT62 3EP
Northern Ireland
 
 
Bankers Bank of Ireland
  13 Market Street
  Lurgan
  Co. Armagh
  BT66 6AR
  Northern Ireland



Ambleside Property Services Ltd
Company Registration Number: NI611327
BALANCE SHEET
as at 28 February 2023

2023 2022
Notes £ £
 
Fixed Assets
Tangible assets 4 474,609 373,595
───────── ─────────
 
Current Assets
Stocks 5 160,080 15,174
Debtors 6 319,109 233,161
Cash and cash equivalents 6,654 9,215
───────── ─────────
485,843 257,550
───────── ─────────
Creditors: amounts falling due within one year 7 (296,472) (72,002)
───────── ─────────
Net Current Assets 189,371 185,548
───────── ─────────
Total Assets less Current Liabilities 663,980 559,143
 
Creditors:
amounts falling due after more than one year 8 (22,685) (32,685)
 
Provisions for liabilities 10 (2,174) (3,533)
───────── ─────────
Net Assets 639,121 522,925
═════════ ═════════
 
Capital and Reserves
Called up share capital 2 2
Revaluation reserve 106,036 106,036
Retained earnings 533,083 416,887
───────── ─────────
Equity attributable to owners of the company 639,121 522,925
═════════ ═════════
 
The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).
           
The company has taken advantage of the exemption under section 444 not to file the Profit and Loss Account and Directors' Report.
           
For the financial year ended 28 February 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.
           
The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.
           
The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.
           
Approved by the Board and authorised for issue on 28 November 2023 and signed on its behalf by
           
           
________________________________          
Michael Hannath          
Director          
           



Ambleside Property Services Ltd
NOTES TO THE FINANCIAL STATEMENTS
for the financial year ended 28 February 2023

   
1. General Information
 
Ambleside Property Services Ltd is a company limited by shares incorporated in Northern Ireland. The registered office of the company is 5a Stewart Avenue, Co. Armagh, Northern Ireland. The principal activity of the company is the buying and selling of own real estate and management of real estate on a fee or contract basis. The financial statements have been presented in Pound (£) which is also the functional currency of the company.
         
2. Summary of Significant Accounting Policies
 
The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.
 
Statement of compliance
The financial statements of the company for the year ended 28 February 2023 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.
 
Basis of preparation
The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.
 
Turnover
Turnover comprises the invoice value of consultancy services exclusive of value added tax together with rental income received on investment properties. Revenue from consultancy work is recognised when the assignment is completed and invoiced. Rental income is accounted for when received.
 
Tangible assets and depreciation
Tangible assets are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of tangible assets, less their estimated residual value, over their expected useful lives as follows:
 
  Land and buildings freehold - 4% Straight line
  Plant and machinery - 20% Straight line
  Fixtures, fittings and equipment - 25% reducing balance
  Motor vehicles - 25% Straight line
 
The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.
 
Stocks
Work In Progress is valued at the lower of cost and net realisable value.
 
Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.
 
Borrowing costs
Borrowing costs relating to the acquisition of assets are capitalised at the appropriate rate by adding them to the cost of assets being acquired. Investment income earned on the temporary investment of specific borrowings pending their expenditure on the assets is deducted from the borrowing costs eligible for capitalisation. All other borrowing costs are recognised in profit or loss in the period in which they are incurred.
 
Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.
 
Taxation and deferred taxation
Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Balance Sheet date.
 
Ordinary share capital
The ordinary share capital of the company is presented as equity.
       
3. Employees
 
The average monthly number of employees, including directors, during the financial year was 2, (2022 - 2).
 
  2023 2022
  Number Number
 
Director 2 2
  ═════════ ═════════
             
4. Tangible assets
  Land and Plant and Fixtures, Motor Total
  buildings machinery fittings and vehicles  
  freehold   equipment    
  £ £ £ £ £
Cost
At 1 March 2022 355,000 616 4,495 31,500 391,611
Additions 108,169 - 1,916 - 110,085
  ───────── ───────── ───────── ───────── ─────────
At 28 February 2023 463,169 616 6,411 31,500 501,696
  ───────── ───────── ───────── ───────── ─────────
Depreciation
At 1 March 2022 - 146 2,120 15,750 18,016
Charge for the financial year - 123 1,073 7,875 9,071
  ───────── ───────── ───────── ───────── ─────────
At 28 February 2023 - 269 3,193 23,625 27,087
  ───────── ───────── ───────── ───────── ─────────
Net book value
At 28 February 2023 463,169 347 3,218 7,875 474,609
  ═════════ ═════════ ═════════ ═════════ ═════════
At 28 February 2022 355,000 470 2,375 15,750 373,595
  ═════════ ═════════ ═════════ ═════════ ═════════
       
5. Stocks 2023 2022
  £ £
 
Work in progress 160,080 15,174
  ═════════ ═════════
 
The replacement cost of stock did not differ significantly from the figures shown.
       
6. Debtors 2023 2022
  £ £
 
Trade debtors 33,600 37,800
Amounts owed by group undertakings 39,987 48,987
Other debtors 243,787 143,787
Prepayments and accrued income 1,735 2,587
  ───────── ─────────
  319,109 233,161
  ═════════ ═════════
       
7. Creditors 2023 2022
Amounts falling due within one year £ £
 
Bank loan 10,648 20,845
Trade creditors 4,005 1,461
Taxation  (Note 9) 32,425 38,501
Directors' current accounts 958 8,824
Other creditors 246,236 27
Accruals 2,200 2,344
  ───────── ─────────
  296,472 72,002
  ═════════ ═════════
       
8. Creditors 2023 2022
Amounts falling due after more than one year £ £
 
Bank loan 22,685 32,685
  ═════════ ═════════
 
Loans
Repayable in one year or less, or on demand (Note 7) 10,648 20,845
Repayable between two and five years 22,685 32,685
  ───────── ─────────
  33,333 53,530
  ═════════ ═════════
 
       
9. Taxation 2023 2022
  £ £
 
Creditors:
VAT 1,247 4,092
Corporation tax 31,178 34,409
  ───────── ─────────
  32,425 38,501
  ═════════ ═════════
         
10. Provisions for liabilities
 
The amounts provided for deferred taxation are analysed below:
 
  Capital Total Total
  allowances    
       
    2023 2022
  £ £ £
 
At financial year start 3,533 3,533 6,344
Charged to profit and loss (1,359) (1,359) (2,811)
  ───────── ───────── ─────────
At financial year end 2,174 2,174 3,533
  ═════════ ═════════ ═════════
       
11. Capital commitments
 
The company had no material capital commitments at the financial year-ended 28 February 2023.
   
12. Post-Balance Sheet Events
 
There have been no significant events affecting the company since the financial year-end.