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REGISTERED NUMBER: 05837461 (England and Wales)
























Unaudited Financial Statements

for the Year Ended 29 June 2023

for

A M T PROPERTIES LIMITED

A M T PROPERTIES LIMITED (REGISTERED NUMBER: 05837461)






Contents of the Financial Statements
for the Year Ended 29 June 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


A M T PROPERTIES LIMITED

Company Information
for the Year Ended 29 June 2023







DIRECTORS: A Papa-Adams
Mrs C Papa-Adams



REGISTERED OFFICE: 573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



REGISTERED NUMBER: 05837461 (England and Wales)



ACCOUNTANTS: A K Papadamou & Co
Accountants & Tax Advisors
573 Chester Road
Sutton Coldfield
West Midlands
B73 5HU



BANKERS: Lloyds Bank
1 Legg Street
Chelmsford
Essex
CM1 1JS

A M T PROPERTIES LIMITED (REGISTERED NUMBER: 05837461)

Statement of Financial Position
29 June 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 195 229
Investment property 5 940,000 940,000
940,195 940,229

CURRENT ASSETS
Debtors 6 7,089 3,822
Cash at bank 20,230 62,096
27,319 65,918
CREDITORS
Amounts falling due within one year 7 434,843 459,701
NET CURRENT LIABILITIES (407,524 ) (393,783 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

532,671

546,446

CREDITORS
Amounts falling due after more than one
year

8

(208,432

)

(218,816

)

PROVISIONS FOR LIABILITIES (24,434 ) (24,434 )
NET ASSETS 299,805 303,196

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Fair value reserve 10 231,803 231,803
Retained earnings 67,002 70,393
SHAREHOLDERS' FUNDS 299,805 303,196

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 June 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 June 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.

A M T PROPERTIES LIMITED (REGISTERED NUMBER: 05837461)

Statement of Financial Position - continued
29 June 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 3 January 2024 and were signed on its behalf by:





A Papa-Adams - Director


A M T PROPERTIES LIMITED (REGISTERED NUMBER: 05837461)

Notes to the Financial Statements
for the Year Ended 29 June 2023

1. STATUTORY INFORMATION

A M T Properties 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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 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.

Turnover
Turnover is the amount receivable from operating leases.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 30 June 2022
and 29 June 2023 2,055
DEPRECIATION
At 30 June 2022 1,826
Charge for year 34
At 29 June 2023 1,860
NET BOOK VALUE
At 29 June 2023 195
At 29 June 2022 229

A M T PROPERTIES LIMITED (REGISTERED NUMBER: 05837461)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 30 June 2022
and 29 June 2023 940,000
NET BOOK VALUE
At 29 June 2023 940,000
At 29 June 2022 940,000

Fair value at 29 June 2023 is represented by:
£   
Valuation in 2016 92,813
Valuation in 2019 (5,000 )
Valuation in 2020 142,701
Cost 709,486
940,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 709,486 709,486

Investment properties were valued on an open market basis on 30 June 2020 by the directors .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 7,089 3,822

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 12,179 13,973
Trade creditors - 2,656
Taxation and social security - 1,092
Other creditors 422,664 441,980
434,843 459,701

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 208,432 218,816

A M T PROPERTIES LIMITED (REGISTERED NUMBER: 05837461)

Notes to the Financial Statements - continued
for the Year Ended 29 June 2023

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
2023 2022
£    £   
Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 159,717 162,924

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 220,611 232,789

The company's bank loan is secured by way of a first legal charge over the investment property.

10. RESERVES
Fair
value
reserve
£   
At 30 June 2022
and 29 June 2023 231,803

11. ULTIMATE CONTROLLING PARTY

The company is under the control of Miss P Papa Adams, Miss F Papa Adams, Miss D Papa Adams, and Mr C Papa Adams.