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REGISTERED NUMBER: 10470126 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 November 2023

for

AME Residential Ltd

AME Residential Ltd (Registered number: 10470126)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AME Residential Ltd

Company Information
for the Year Ended 30 November 2023







DIRECTOR: Ms A M Edwards





SECRETARY:





REGISTERED OFFICE: 17 Wordsworth Avenue
Cardiff
CF24 3FQ





REGISTERED NUMBER: 10470126 (England and Wales)





ACCOUNTANTS: PennyBooks Limited
Unit 111, The Light Bulb
1 Filament Walk
London
SW18 4GQ

AME Residential Ltd (Registered number: 10470126)

Abridged Balance Sheet
30 November 2023

30.11.23 30.11.22
Notes £    £    £    £   
FIXED ASSETS
Property, plant and equipment 4 405 2,412
Investment property 5 7,013,538 6,967,307
7,013,943 6,969,719

CURRENT ASSETS
Debtors 6 21,671 19,955
Cash at bank 48,184 112,135
69,855 132,090
CREDITORS
Amounts falling due within one year 2,057,748 2,170,095
NET CURRENT LIABILITIES (1,987,893 ) (2,038,005 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

5,026,050

4,931,714

CREDITORS
Amounts falling due after more than one
year

7

(4,638,929

)

(4,627,895

)

PROVISIONS FOR LIABILITIES (67,102 ) (59,959 )
NET ASSETS 320,019 243,860

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 319,919 243,760
SHAREHOLDERS' FUNDS 320,019 243,860

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

AME Residential Ltd (Registered number: 10470126)

Abridged Balance Sheet - continued
30 November 2023


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

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 30 November 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 21 August 2024 and were signed by:





Ms A M Edwards - Director


AME Residential Ltd (Registered number: 10470126)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

AME Residential 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
Revenue 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.
Plant and machinery etc - 25% on 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.

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.

3. EMPLOYEES AND DIRECTORS

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

AME Residential Ltd (Registered number: 10470126)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

4. PROPERTY, PLANT AND EQUIPMENT
Totals
£   
COST
At 1 December 2022 21,083
Additions 539
At 30 November 2023 21,622
DEPRECIATION
At 1 December 2022 18,671
Charge for year 2,546
At 30 November 2023 21,217
NET BOOK VALUE
At 30 November 2023 405
At 30 November 2022 2,412

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022 6,967,307
Additions 16,231
Revaluations 30,000
At 30 November 2023 7,013,538
NET BOOK VALUE
At 30 November 2023 7,013,538
At 30 November 2022 6,967,307

Included in fair value of investment property is freehold land of £ 7,013,538 (2022 - £ 6,967,307 ) which is not depreciated.

Fair value at 30 November 2023 is represented by:
£   
Valuation in 2023 7,013,538

6. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.11.23 30.11.22
£    £   
Other debtors 10,371 10,371

AME Residential Ltd (Registered number: 10470126)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
30.11.23 30.11.22
£    £   
Repayable otherwise than by instalments
Mortgages 4,638,929 4,627,895

8. SECURED DEBTS

The following secured debts are included within creditors:

30.11.23 30.11.22
£    £   
Mortgages 4,638,929 4,627,894

The mortgages falling due after more than 1 year are secured on the freehold properties.

9. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 November 2023 and 30 November 2022:

30.11.23 30.11.22
£    £   
Ms A M Edwards
Balance outstanding at start of year (2,162,978 ) (540,455 )
Amounts advanced 126,142 (1,622,523 )
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (2,036,836 ) (2,162,978 )

The director Ms A Edwards has provided an interest free loan to the company, the value at 30 November 2023 was £2,036,836 ( 30.11.22 - £2,162,978).

10. ULTIMATE CONTROLLING PARTY

The controlling party is Ms A M Edwards.