REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 29 June 2023 |
for |
A M T PROPERTIES LIMITED |
REGISTERED NUMBER: |
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: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Accountants & Tax Advisors |
573 Chester Road |
Sutton Coldfield |
West Midlands |
B73 5HU |
BANKERS: |
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 |
Investment property | 5 |
CURRENT ASSETS |
Debtors | 6 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 7 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year |
8 |
( |
) |
( |
) |
PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital |
Fair value reserve | 10 |
Retained earnings |
SHAREHOLDERS' FUNDS |
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 |
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 |
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 |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Tangible fixed assets |
Fixtures and fittings | - |
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 |
4. | TANGIBLE FIXED ASSETS |
Fixtures |
and |
fittings |
£ |
COST |
At 30 June 2022 |
and 29 June 2023 |
DEPRECIATION |
At 30 June 2022 |
Charge for year |
At 29 June 2023 |
NET BOOK VALUE |
At 29 June 2023 |
At 29 June 2022 |
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 |
NET BOOK VALUE |
At 29 June 2023 |
At 29 June 2022 |
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. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans and overdrafts |
Trade creditors |
Taxation and social security |
Other creditors |
8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
2023 | 2022 |
£ | £ |
Bank loans |
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 |
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 |
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. |