Registered number
08689573
Amasai Limited
Filleted Accounts
31 December 2022
H J Pinczewski & Co.
Chartered Certified Accountants
Rico House
George Street
Unit 6 Lower Ground Floor
Prestwich, Manchester
M25 9WS
Amasai Limited
Registered number: 08689573
Balance Sheet
as at 31 December 2022
Notes 2022 2021
£ £
Fixed assets
Investments 3 213 213
Current assets
Debtors 4 313,000 313,000
Creditors: amounts falling due within one year 5 (155,000) (155,000)
Net current assets 158,000 158,000
Net assets 158,213 158,213
Capital and reserves
Called up share capital 112 112
Profit and loss account 158,101 158,101
Shareholders' funds 158,213 158,213
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.
David Joseph Stross
Director
Approved by the board on 21 September 2023
Amasai Limited
Notes to the Accounts
for the year ended 31 December 2022
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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
The company did not trade during the year.
Investments
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments 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.
Stocks
Stocks are measured at the lower of cost and estimated selling price less costs to complete and sell. Cost is determined using the first in first out method. The carrying amount of stock sold is recognised as an expense in the period in which the related revenue is recognised.
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.
Foreign currency translation
2 Employees 2022 2021
Number Number
Average number of persons employed by the company 2 3
3 Investments
Investments in
subsidiary
undertakings
£
Cost
At 1 January 2022 213
At 31 December 2022 213
The company owns 100% of the share capital of Yaleinu Limited.
4 Debtors 2022 2021
£ £
Amounts owed by group undertakings and undertakings in which the company has a participating interest 310,000 310,000
Other debtors 3,000 3,000
313,000 313,000
5 Creditors: amounts falling due within one year 2022 2021
£ £
Amounts owed to group undertakings and undertakings in which the company has a participating interest 155,000 155,000
6 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
David Joseph Stross
[Loan 1] 3,000 - - 3,000
3,000 - - 3,000
7 Related party transactions
The company is a former designated member of Tamid Zivah LLP and Debtors include £310,000 (2021 £310,000) due from that Company.
Creditors include £155,000 (2021 £155,000) an amount due to Pardes Management Limited a former group company.
8 Controlling party
The company is under the control of David Joseph Stross by virtue of his controlling interest in the share capital.
9 Other information
Amasai Limited is a private company limited by shares and incorporated in England. Its registered office is:
100 Barbirolli Square
Manchester
M2 3AB
10 Company details
The company formally known as That Group Limited changed its name to Amasai Group Limited on 21 December 2022 and the to its current name on 12 May 2023.
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