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REGISTERED NUMBER: 01991234 (England and Wales)















Financial Statements for the Year Ended 31 December 2023

for

Ambassador Holdings Ltd.

Ambassador Holdings Ltd. (Registered number: 01991234)






Contents of the Financial Statements
for the Year Ended 31 December 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ambassador Holdings Ltd.

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J T Moran
Mrs N J Moran





REGISTERED OFFICE: 4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY





REGISTERED NUMBER: 01991234 (England and Wales)





ACCOUNTANTS: Geoffrey Cole & Co
Chartered Accountants
4 Reading Road
Pangbourne
Reading
Berkshire
RG8 7LY

Ambassador Holdings Ltd. (Registered number: 01991234)

Balance Sheet
31 December 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 162,751 186,450
Investments 5 2 2
Investment property 6 476,490 359,410
639,243 545,862

CURRENT ASSETS
Stocks 182,027 162,139
Debtors 7 184,480 130,360
Cash at bank 394,084 542,301
760,591 834,800
CREDITORS
Amounts falling due within one year 8 67,320 135,426
NET CURRENT ASSETS 693,271 699,374
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,332,514

1,245,236

CREDITORS
Amounts falling due after more than one
year

9

(14,167

)

(24,167

)

PROVISIONS FOR LIABILITIES 11 (31,595 ) (6,050 )
NET ASSETS 1,286,752 1,215,019

CAPITAL AND RESERVES
Called up share capital 130 130
Other reserves 70 70
Retained earnings 1,286,552 1,214,819
1,286,752 1,215,019

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2023 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.

Ambassador Holdings Ltd. (Registered number: 01991234)

Balance Sheet - continued
31 December 2023


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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 13 August 2024 and were signed on its behalf by:





J T Moran - Director


Ambassador Holdings Ltd. (Registered number: 01991234)

Notes to the Financial Statements
for the Year Ended 31 December 2023

1. STATUTORY INFORMATION

Ambassador Holdings Ltd. 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.

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 as modified by the revaluation of certain assets.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.
Freehold property - in accordance with the property
Plant and machinery - 25% on cost
Fixtures and fittings - 15% on cost
Motor vehicles - 25% on cost
Computer equipment - 33% on cost

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

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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 balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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.

Ambassador Holdings Ltd. (Registered number: 01991234)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

2. ACCOUNTING POLICIES - continued

Hire purchase and leasing commitments
Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet. Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held under finance leases are depreciated over their estimated useful lives or the lease term, whichever is the shorter.

The interest element of these obligations is charged to profit or loss over the relevant period. The capital element of the future payments is treated as a liability.

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2022 - NIL).

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 January 2023
and 31 December 2023 249,671 236,478 486,149
DEPRECIATION
At 1 January 2023 87,392 212,307 299,699
Charge for year 7,498 16,201 23,699
At 31 December 2023 94,890 228,508 323,398
NET BOOK VALUE
At 31 December 2023 154,781 7,970 162,751
At 31 December 2022 162,279 24,171 186,450

Ambassador Holdings Ltd. (Registered number: 01991234)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

4. TANGIBLE FIXED ASSETS - continued

Fixed assets, included in the above, which are held under hire purchase contracts are as follows:

Plant and
machinery
etc
£   
COST
At 1 January 2023 51,000
Transfer to ownership (51,000 )
At 31 December 2023 -
DEPRECIATION
At 1 January 2023 31,091
Transfer to ownership (31,091 )
At 31 December 2023 -
NET BOOK VALUE
At 31 December 2023 -
At 31 December 2022 19,909

5. FIXED ASSET INVESTMENTS
Shares in
group
undertakin
£   
COST
At 1 January 2023
and 31 December 2023 2
NET BOOK VALUE
At 31 December 2023 2
At 31 December 2022 2

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023 359,410
Disposals (1,298 )
Revaluations 118,378
At 31 December 2023 476,490
NET BOOK VALUE
At 31 December 2023 476,490
At 31 December 2022 359,410

Ambassador Holdings Ltd. (Registered number: 01991234)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

6. INVESTMENT PROPERTY - continued

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2024 118,378
Cost 358,112
476,490

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 774 459
Amounts owed by group undertakings 60,242 -
Other debtors 123,464 129,901
184,480 130,360

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 10,000 10,000
Hire purchase contracts (see note 10) - 8,285
Amounts owed to group undertakings - 70,249
Taxation and social security 135 9,184
Other creditors 57,185 37,708
67,320 135,426

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 14,167 24,167

10. LEASING AGREEMENTS

Minimum lease payments under hire purchase fall due as follows:

2023 2022
£    £   
Net obligations repayable:
Within one year - 8,285

11. PROVISIONS FOR LIABILITIES
2023 2022
£    £   
Deferred tax 31,595 6,050

Ambassador Holdings Ltd. (Registered number: 01991234)

Notes to the Financial Statements - continued
for the Year Ended 31 December 2023

11. PROVISIONS FOR LIABILITIES - continued

Deferred
tax
£   
Balance at 1 January 2023 6,050
Provided during year 25,545
Balance at 31 December 2023 31,595

12. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

As at 31 December 2023 J T & Mrs N J Moran, Directors of the company, owed the company £74,535 (2022 ; £94,795). This loan is interest free and repayable on demand. The maximum amount outstanding in the accounting period was £155,795.