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Registered number: 13207796










AMAX HOLDINGS LONDON LTD








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE PERIOD ENDED 31 MARCH 2023

 
AMAX HOLDINGS LONDON LTD
REGISTERED NUMBER: 13207796

BALANCE SHEET
AS AT 31 MARCH 2023

2023
2022
Note
£
£

Fixed assets
  

Investments
 4 
1,350,000
1,350,000

  
1,350,000
1,350,000

Current assets
  

Debtors: amounts falling due within one year
 5 
218
218

  
218
218

Creditors: amounts falling due within one year
 6 
(61,085)
(10,163)

Net current liabilities
  
 
 
(60,867)
 
 
(9,945)

Total assets less current liabilities
  
1,289,133
1,340,055

Creditors: amounts falling due after more than one year
 7 
(553,827)
(677,500)

Net assets
  
735,306
662,555


Capital and reserves
  

Called up share capital 
 8 
400
400

Share premium account
  
622,318
622,318

Profit and loss account
  
112,588
39,837

  
735,306
662,555


Page 1

 
AMAX HOLDINGS LONDON LTD
REGISTERED NUMBER: 13207796

BALANCE SHEET (CONTINUED)
AS AT 31 MARCH 2023

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the period in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 

P Mehta
Director

Date: 18 April 2024

The notes on pages 3 to 5 form part of these financial statements.

Page 2

 
AMAX HOLDINGS LONDON LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

1.


General information

Amax Holdings London Ltd is a private company, limited by share capital and incorporated in England and Wales.
The company's registered office address is Unit B1b, Neptune Road, Harrow, Middlesex, HA1 4HX.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

 
2.2

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

 
2.3

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

 
2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

 
2.5

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.6

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.7

Financial instruments

The Company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the period was 3 (2022 - 3).

Page 3

 
AMAX HOLDINGS LONDON LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

4.


Fixed asset investments





Investments in subsidiary companies

£



Cost or valuation


At 1 April 2022
1,350,000



At 31 March 2023
1,350,000


5.


Debtors

2023
2022
£
£

Called up share capital not paid
218
218

218
218



6.


Creditors: Amounts falling due within one year

2023
2022
£
£

Amounts owed to group undertakings
41,521
-

Accruals and deferred income
19,564
10,163

61,085
10,163



7.


Creditors: Amounts falling due after more than one year

2023
2022
£
£

Debentures loans
553,827
677,500

553,827
677,500


Interest is charged on the loan note at 1.5%.

Page 4

 
AMAX HOLDINGS LONDON LTD
 

 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2023

8.


Share capital

2023
2022
£
£
Allotted, called up and fully paid



200 (2022 - 200) A Ordinary shares of £1 each
200
200
200 (2022 - 200) B Ordinary shares of £1 each
200
200

400

400



9.


Related party transactions

The Company has taken advantage of the exemption in FRS 102 Section 33.1A to not disclose transactions with wholly owned group entities.


Page 5