Registered number
SC740837
AHM Real Estate Ltd
Filleted Accounts
31 August 2023
AHM Real Estate Ltd
Registered number: SC740837
Balance Sheet
as at 31 August 2023
Notes 2023
£
Fixed assets
Investments 3 110,979
Current assets
Cash at bank and in hand 1,951
Creditors: amounts falling due within one year 4 (37,291)
Net current liabilities (35,340)
Total assets less current liabilities 75,639
Creditors: amounts falling due after more than one year 5 (81,894)
Net liabilities (6,255)
Capital and reserves
Called up share capital 100
Profit and loss account (6,355)
Shareholder's funds (6,255)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Amer Mobarik
Director
Approved by the board on 18 February 2024
AHM Real Estate Ltd
Notes to the Accounts
for the year ended 31 August 2023
1 Accounting policies
Investment properties
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure . Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023
Number
Average number of persons employed by the company 1
3 Investments
Other
investments
£
Cost
Additions 110,979
At 31 August 2023 110,979
The fair value of the investment properties was arrived at on the basis of a valuation carried out at the time of purchase by valuers who are not connected with the company. The valuation was made on an open market value basis by reference to market evidence of transaction prices for similar properties. The director perceives this valuation is still relevant at the year end due to his knowledge of the local property market.
4 Creditors: amounts falling due within one year 2023
£
Accrued Expenses 600
Other creditors 36,691
37,291
5 Creditors: amounts falling due after one year 2023
£
Bank loans 81,894
6 Controlling party
The director, Amer Mobarik, held a 100% beneficial interest in the share capital of the company.
7 Other information
AHM Real Estate Ltd is a private company limited by shares and incorporated in Scotland. Its registered office is:
19 Belford Grove
Newton Mearns
Glasgow
G77 5FB
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