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REGISTERED NUMBER: 04377013 (England and Wales)
















AMD PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024






AMD PROPERTY LIMITED (REGISTERED NUMBER: 04377013)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


AMD PROPERTY LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: P.G. O'Nion
Mrs J.J. O'Nion





REGISTERED OFFICE: 21 Lodge Lane
Grays
Essex
RM17 5RY





REGISTERED NUMBER: 04377013 (England and Wales)





ACCOUNTANTS: CR Bland Baker Limited
Chartered Accountants
21 Lodge Lane
Grays
Essex
RM17 5RY

AMD PROPERTY LIMITED (REGISTERED NUMBER: 04377013)

STATEMENT OF FINANCIAL POSITION
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 57,053 36,784
Investments 5 1 1
57,054 36,785

CURRENT ASSETS
Debtors 6 280,027 92,473
Cash at bank and in hand 869,804 1,776,584
1,149,831 1,869,057
CREDITORS
Amounts falling due within one year 7 70,816 576,799
NET CURRENT ASSETS 1,079,015 1,292,258
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,136,069

1,329,043

CREDITORS
Amounts falling due after more than one
year

8

-

(20,388

)

PROVISIONS FOR LIABILITIES (6,169 ) (4,710 )
NET ASSETS 1,129,900 1,303,945

CAPITAL AND RESERVES
Called up share capital 2 2
Retained earnings 1,129,898 1,303,943
SHAREHOLDERS' FUNDS 1,129,900 1,303,945

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2024 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.

AMD PROPERTY LIMITED (REGISTERED NUMBER: 04377013)

STATEMENT OF FINANCIAL POSITION - continued
31 JANUARY 2024


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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 28 March 2024 and were signed on its behalf by:





P.G. O'Nion - Director


AMD PROPERTY LIMITED (REGISTERED NUMBER: 04377013)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024

1. STATUTORY INFORMATION

AMD Property 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Turnover
Turnover represents net invoiced sales of properties and work done, excluding value added tax.

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 - 20% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 15% on reducing balance

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

AMD PROPERTY LIMITED (REGISTERED NUMBER: 04377013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 February 2023 12,000 34,950 46,950
Additions 12,591 18,108 30,699
At 31 January 2024 24,591 53,058 77,649
DEPRECIATION
At 1 February 2023 - 10,166 10,166
Charge for year - 10,430 10,430
At 31 January 2024 - 20,596 20,596
NET BOOK VALUE
At 31 January 2024 24,591 32,462 57,053
At 31 January 2023 12,000 24,784 36,784

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakings
£   
COST
At 1 February 2023
and 31 January 2024 1
NET BOOK VALUE
At 31 January 2024 1
At 31 January 2023 1

Fixed asset investments represents the acquisition cost of the share capital of the company's wholly owned subsidiary, JP Property Essex Limited, a company registered in England with registration number 12229404.

AMD PROPERTY LIMITED (REGISTERED NUMBER: 04377013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade debtors 500 500
Amounts owed by group undertakings 74,309 83,202
Other debtors 205,218 8,771
280,027 92,473

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts - 11,336
Trade creditors 9,591 72,897
Amounts owed to associates 24,224 24,224
Taxation and social security - 121,260
Other creditors 37,001 347,082
70,816 576,799

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
2024 2023
£    £   
Bank loans - 20,388

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans - 31,724

The bounce back loan was secured as it was part of a government scheme.

AMD PROPERTY LIMITED (REGISTERED NUMBER: 04377013)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024

10. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the year ended 31 January 2024 and the period ended 31 January 2023:

2024 2023
£    £   
P.G. O'Nion and Mrs J.J. O'Nion
Balance outstanding at start of year (306,681 ) (299,000 )
Amounts advanced 645,156 48,312
Amounts repaid (142,841 ) (55,993 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 195,634 (306,681 )

The loan to the directors was unsecured, interest-free, and repayable on demand.