Company Registration No. 12743691 (England and Wales)
AAM Property Investments Limited
Unaudited accounts
for the year ended 31 July 2023
AAM Property Investments Limited
Unaudited accounts
Contents
AAM Property Investments Limited
Company Information
for the year ended 31 July 2023
Company Number
12743691 (England and Wales)
Registered Office
T17 Howitt Building
Lenton Boulevard
Nottingham
Nottinghamshire
NG7 2BL
United Kingdom
Accountants
Humdani & Co. Limited
T-17 Howitt Building
Lenton Boulevard
Nottingham
Nottinghamshire
NG7 2BY
AAM Property Investments Limited
Statement of financial position
as at 31 July 2023
Investment property
627,000
627,000
Cash at bank and in hand
14,070
20,735
Creditors: amounts falling due within one year
(290,361)
(316,946)
Net current liabilities
(240,859)
(294,222)
Total assets less current liabilities
386,141
332,778
Creditors: amounts falling due after more than one year
(313,568)
(368,741)
Net assets/(liabilities)
72,573
(35,963)
Called up share capital
100
100
Profit and loss account
72,473
(36,063)
Shareholders' funds
72,573
(35,963)
For the year ending 31 July 2023 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 24 July 2024 and were signed on its behalf by
Azeem Alam MIRZA
Director
Company Registration No. 12743691
AAM Property Investments Limited
Notes to the Accounts
for the year ended 31 July 2023
AAM Property Investments Limited is a private company, limited by shares, registered in England and Wales, registration number 12743691. The registered office is T17 Howitt Building, Lenton Boulevard, Nottingham, Nottinghamshire, NG7 2BL, United Kingdom.
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.
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.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
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.
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.
Fair value at 1 August 2022
627,000
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is reconisedf in profit or loss
Amounts falling due within one year
Accrued income and prepayments
8,930
-
AAM Property Investments Limited
Notes to the Accounts
for the year ended 31 July 2023
6
Creditors: amounts falling due within one year
2023
2022
Bank loans and overdrafts
55,074
22,000
Taxes and social security
22,440
2,271
Loans from directors
213,237
290,833
7
Creditors: amounts falling due after more than one year
2023
2022
Bank loans
313,568
368,741
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Guarantees provided on behalf of directors
At 31 July 2023 there was a loan from Mr A A Mirza of £213,237 (2022: £290,833). This unsecured
loan is interest free and repayable on demand.
10
Transactions with related parties
At 31 July 2023 there was a loan to Kirkby Dental Practice, a sole trader business owned by Mr A A Mirza of £1,989 (2022: £1,989). This unsecured loan is interest free and repayable on demand.
11
Average number of employees
During the year the average number of employees was 0 (2022: 0).