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REGISTERED NUMBER: 08737402 (England and Wales)












Unaudited Financial Statements for the Year Ended 31 October 2023

for

Amicus Partnership Limited

Amicus Partnership Limited (Registered number: 08737402)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amicus Partnership Limited

Company Information
for the Year Ended 31 October 2023







DIRECTORS: P A Antino
N R Hunt-Turner





REGISTERED OFFICE: Castle House
Park Road
Banstead
Surrey
SM7 3BT





REGISTERED NUMBER: 08737402 (England and Wales)





ACCOUNTANTS: Price Green & Co
Lynnem House
1 Victoria Way
Burgess Hill
West Sussex
RH15 9NF

Amicus Partnership Limited (Registered number: 08737402)

Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 3,700,103 4,200,154

CURRENT ASSETS
Debtors 5 31,471 26,598
Cash at bank and in hand 134,147 146,872
165,618 173,470
CREDITORS
Amounts falling due within one year 6 118,454 113,106
NET CURRENT ASSETS 47,164 60,364
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,747,267

4,260,518

CREDITORS
Amounts falling due after more than one
year

7

(2,055,472

)

(2,150,897

)

PROVISIONS FOR LIABILITIES (182,168 ) (230,604 )
NET ASSETS 1,509,627 1,879,017

CAPITAL AND RESERVES
Called up share capital 100 100
Revaluation reserve 8 910,019 1,369,938
Retained earnings 599,508 508,979
SHAREHOLDERS' FUNDS 1,509,627 1,879,017

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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.

Amicus Partnership Limited (Registered number: 08737402)

Balance Sheet - continued
31 October 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 17 January 2024 and were signed on its behalf by:




P A Antino - Director



N R Hunt-Turner - Director


Amicus Partnership Limited (Registered number: 08737402)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Amicus Partnership 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.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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 etc - 33% on reducing balance

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.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

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

Amicus Partnership Limited (Registered number: 08737402)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST OR VALUATION
At 1 November 2022 4,200,000 514 4,200,514
Revaluations (500,000 ) - (500,000 )
At 31 October 2023 3,700,000 514 3,700,514
DEPRECIATION
At 1 November 2022 - 360 360
Charge for year - 51 51
At 31 October 2023 - 411 411
NET BOOK VALUE
At 31 October 2023 3,700,000 103 3,700,103
At 31 October 2022 4,200,000 154 4,200,154

Cost or valuation at 31 October 2023 is represented by:

Land and
buildings
£   
Valuation in 2015 1,602,526
Valuation in 2017 198,427
Valuation in 2018 (162,102 )
Valuation in 2023 (500,000 )
Cost 2,561,149
3,700,000

If freehold property had not been revalued it would have been included at the following historical cost:

31.10.23 31.10.22
£    £   
Cost 2,561,149 2,561,149

Freehold property was valued on an open market basis on 31 October 2021 by the directors. .

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade debtors 18,226 13,598
Other debtors 13,245 13,000
31,471 26,598

Amicus Partnership Limited (Registered number: 08737402)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.10.23 31.10.22
£    £   
Trade creditors 8,524 18,885
Taxation and social security 48,420 36,949
Other creditors 61,510 57,272
118,454 113,106

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.10.23 31.10.22
£    £   
Bank loans 2,055,472 2,150,897

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 2,055,472 2,150,897

8. RESERVES
Revaluation
reserve
£   
At 1 November 2022 1,369,938
Property revaluation reserve (459,919 )

At 31 October 2023 910,019

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £60,000 (2022 - £32,000) were paid to the directors .

The company was controlled throughout the period by it's directors, Mr P Antino and Mr N Hunt-Turner.

10. GOING CONCERN

The Covid-19 pandemic has created business uncertainty, but the directors are confident that the company's finances are sufficiently robust, and believe that they will be able to continue trading without material difficulties. As such, they believe that preparing the accounts on a going concern basis is appropriate.