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REGISTERED NUMBER: 11989476 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 MAY 2023

FOR

AMKOM INVESTMENTS LIMITED

AMKOM INVESTMENTS LIMITED (REGISTERED NUMBER: 11989476)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMKOM INVESTMENTS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 MAY 2023







DIRECTORS: O Komazec
Mrs A L Komazec





REGISTERED OFFICE: The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ





REGISTERED NUMBER: 11989476 (England and Wales)





ACCOUNTANTS: Galloways Accounting (Hove) Limited
The Old Casino
28 Fourth Avenue
Hove
East Sussex
BN3 2PJ

AMKOM INVESTMENTS LIMITED (REGISTERED NUMBER: 11989476)

BALANCE SHEET
31 MAY 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 3 6,720 7,193
Investment property 4 1,730,200 1,730,200
1,736,920 1,737,393

CURRENT ASSETS
Debtors 5 2,099 1,924
Cash at bank 367,215 358,296
369,314 360,220
CREDITORS
Amounts falling due within one year 6 22,224 17,825
NET CURRENT ASSETS 347,090 342,395
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,084,010

2,079,788

CREDITORS
Amounts falling due after more than one
year

7

(358,044

)

(393,666

)

PROVISIONS FOR LIABILITIES (8,788 ) (8,788 )
NET ASSETS 1,717,178 1,677,334

CAPITAL AND RESERVES
Called up share capital 1,324,170 1,324,170
Revaluation reserve 8 37,463 37,463
Retained earnings 355,545 315,701
1,717,178 1,677,334

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

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

AMKOM INVESTMENTS LIMITED (REGISTERED NUMBER: 11989476)

BALANCE SHEET - continued
31 MAY 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 9 February 2024 and were signed on its behalf by:




O Komazec - Director



Mrs A L Komazec - Director


AMKOM INVESTMENTS LIMITED (REGISTERED NUMBER: 11989476)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 MAY 2023

1. 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.

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

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.

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.

2. EMPLOYEES AND DIRECTORS

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

3. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 June 2022 8,018 1,769 9,787
Additions 1,876 - 1,876
At 31 May 2023 9,894 1,769 11,663
DEPRECIATION
At 1 June 2022 2,004 590 2,594
Charge for year 1,759 590 2,349
At 31 May 2023 3,763 1,180 4,943
NET BOOK VALUE
At 31 May 2023 6,131 589 6,720
At 31 May 2022 6,014 1,179 7,193

AMKOM INVESTMENTS LIMITED (REGISTERED NUMBER: 11989476)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 MAY 2023

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 June 2022
and 31 May 2023 1,730,200
NET BOOK VALUE
At 31 May 2023 1,730,200
At 31 May 2022 1,730,200

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Prepayments 2,099 1,924

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 11,589 11,235
Tax 8,124 4,686
Directors' loan accounts 338 338
Accruals and deferred income 414 414
Accrued expenses 1,759 1,152
22,224 17,825

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans - 2-5 years 358,044 393,666

8. RESERVES
Revaluation
reserve
£   
At 1 June 2022
and 31 May 2023 37,463

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

During the year, Mr O Komazec maintained his loan to the company. As at 31 May 2023, the company owed him £338 (2022: £338). This balance represented the maximum amount outstanding during the year and the loan is interest free and repayable on demand.

10. ULTIMATE CONTROLLING PARTY

This was by virtue of both Mr O Komazec and Mrs A L Komazec holding 91% of the issued share capital.