Registered number
08801624
AMENIZ DIAMONDS LTD
Filleted Accounts
31 March 2023
AMENIZ DIAMONDS LTD
Registered number: 08801624
Balance Sheet
as at 31 March 2023
Notes 2023 2022
£ £
Fixed assets
Investments 3 157,081 157,081
Current assets
Cash at bank and in hand - 493
Creditors: amounts falling due within one year 4 (193,840) (168,447)
Net current liabilities (193,840) (167,954)
Total assets less current liabilities (36,759) (10,873)
Creditors: amounts falling due after more than one year 5 - (25,333)
Net liabilities (36,759) (36,206)
Capital and reserves
Called up share capital 100 100
Profit and loss account (36,859) (36,306)
Shareholders' funds (36,759) (36,206)
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.
M Irfan Mohamed Aylar
Director
Approved by the board on 24 December 2023
AMENIZ DIAMONDS LTD
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).
The financial statements are presented in sterling (£) which is also the functional currency for the company and rounded to the nearest £.
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.
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.
Going Concern
The accounts have been prepared on a going concern basis, despite the fact that liabilities exceed
assets. The director have given undertaking to support the company until it returns to a net position.
The director have also agreed not to seek repayment of the balance on the directors loan account of
£46,183.00
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 2 2
3 Investments
Other
investments
£
Cost
At 1 April 2022 157,081
At 31 March 2023 157,081
The Company's Investments at the Balance Sheet date in the share capital of companies include
the following:
Vogue London Ltd
Nature of Business: Jewellery
Registered office: 5 Hatton Garden, London, EC1N 8AA
%
Class of shares: holding
Ordinary £1 100
2023 2022
£ £
Aggregate capital and reserves 21,932
Profit(loss) for the year 15,776
Vogue London Ltd is incorporated in England and Wales.
Premier Jewellers Limited
Nature of Business: Jewellery
Registered office: 5 Hatton Garden, London, EC1N 8AA
%
Class of shares: holding
Ordinary £1 100
2023 2022
£ £
Aggregate capital and reserves 21,932
Profit(loss) for the year 15,776
Premier Jewellers Limited is incorporated in England and Wales.
4 Creditors: amounts falling due within one year 2023 2022
£ £
Bank loans and overdrafts - 8,000
Amounts owed to group undertakings and undertakings in which the company has a participating interest 120,050 117,450
Other creditors 73,790 42,997
193,840 168,447
5 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans - 25,333
6 Related party transactions
The company has taken advantage of the exemption, under the terms of Financial Reporting
standrad 102. The Financial Reporting Standard Applicable in the UK and Republic of Ireland',
not to disclose transactions entered into between two or more members of a group on the basis
that any subsidiary undertakings which is a party to the transaction is a wholly owned subsidiary
undertaking within the group.
7 The ultimate controlling party is Mr Mafaz Mohamed and Mr Mohamed Irfan Mohamed Aylar.
8 Other information
AMENIZ DIAMONDS LTD is a private company limited by shares and incorporated in England. Its registered office is:
5 Hatton Garden
London
EC1N 8AA
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