1 February 2023 false Taxfiler 2023.14 13145554business:PrivateLimitedCompanyLtd2023-02-012024-01-31 131455542023-01-31 131455542023-02-012024-01-31 13145554business:AuditExemptWithAccountantsReport2023-02-012024-01-31 13145554business:FilletedAccounts2023-02-012024-01-31 131455542024-01-31 13145554business:Director12023-02-012024-01-31 13145554business:RegisteredOffice2023-02-012024-01-31 131455542023-01-31 13145554core:WithinOneYear2024-01-31 13145554core:WithinOneYear2023-01-31 13145554core:AfterOneYear2024-01-31 13145554core:AfterOneYear2023-01-31 13145554core:ShareCapitalcore:PreviouslyStatedAmount2024-01-31 13145554core:ShareCapitalcore:PreviouslyStatedAmount2023-01-31 13145554core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2024-01-31 13145554core:RetainedEarningsAccumulatedLossescore:PreviouslyStatedAmount2023-01-31 13145554core:PreviouslyStatedAmount2024-01-31 13145554core:PreviouslyStatedAmount2023-01-31 13145554business:SmallEntities2023-02-012024-01-31 13145554countries:EnglandWales2023-02-012024-01-31 13145554core:ComputerEquipment2023-02-012024-01-31 13145554core:ComputerEquipment2023-01-31 13145554core:ComputerEquipment2024-01-31 131455542022-02-012023-01-31 iso4217:GBP xbrli:pure
Company Registration No. 13145554 (England and Wales)
AMS Investments and Property Ltd Unaudited accounts for the year ended 31 January 2024
AMS Investments and Property Ltd Unaudited accounts Contents
Page
- 2 -
AMS Investments and Property Ltd Company Information for the year ended 31 January 2024
Director
Andrew Spelman
Company Number
13145554 (England and Wales)
Registered Office
4 Binney Road Drayton Norwich NR8 7AB
Accountants
Mrs A C Howell 13 Ipswich Grove Norwich Norfolk NR2 2LU
- 3 -
AMS Investments and Property Ltd Statement of financial position as at 31 January 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
1,300 
1,043 
Investment property
1,778,309 
1,542,872 
1,779,609 
1,543,915 
Current assets
Debtors
10,350 
- 
Cash at bank and in hand
10,506 
25,691 
20,856 
25,691 
Creditors: amounts falling due within one year
(808,501)
(653,493)
Net current liabilities
(787,645)
(627,802)
Total assets less current liabilities
991,964 
916,113 
Creditors: amounts falling due after more than one year
(848,956)
(851,362)
Provisions for liabilities
Deferred tax
(27,276)
(13,509)
Net assets
115,732 
51,242 
Capital and reserves
Called up share capital
10 
10 
Profit and loss account
115,722 
51,232 
Shareholders' funds
115,732 
51,242 
For the year ending 31 January 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 12 March 2024 and were signed on its behalf by
Andrew Spelman Director Company Registration No. 13145554
- 4 -
AMS Investments and Property Ltd Notes to the Accounts for the year ended 31 January 2024
1
Statutory information
AMS Investments and Property Ltd is a private company, limited by shares, registered in England and Wales, registration number 13145554. The registered office is 4 Binney Road, Drayton, Norwich, NR8 7AB.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the sale of goods is recognised when goods have been delivered to customers such that risks and rewards of ownership have transferred to them. 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.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Computer equipment
4 years straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
- 5 -
AMS Investments and Property Ltd Notes to the Accounts for the year ended 31 January 2024
4
Tangible fixed assets
Computer equipment 
£ 
Cost or valuation
At cost 
At 1 February 2023
1,675 
Additions
1,318 
Disposals
(625)
At 31 January 2024
2,368 
Depreciation
At 1 February 2023
632 
Charge for the year
592 
On disposals
(156)
At 31 January 2024
1,068 
Net book value
At 31 January 2024
1,300 
At 31 January 2023
1,043 
5
Investment property
2024 
£ 
Fair value at 1 February 2023
1,542,872 
Additions
213,689 
Disposals
(50,710)
Net gain from fair value adjustments
72,458 
At 31 January 2024
1,778,309 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
10,350 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
41,058 
38,652 
Taxes and social security
1,002 
- 
Loans from directors
765,831 
614,241 
Accruals
610 
600 
808,501 
653,493 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
848,956 
851,362 
- 6 -
AMS Investments and Property Ltd Notes to the Accounts for the year ended 31 January 2024
9
Transactions with related parties
The director provided the company with an unsecured interest free loan on balances outstanding at the year end. At the year end this amounted to £765,831 (2023: £614,241).
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
- 7 -