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Registered number: 07447144
Amk Property (UK) Limited
Unaudited Financial Statements
For The Year Ended 30 November 2023
Passman Leonard Associates Limited
Unaudited Financial Statements
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 07447144
2023 2022
Notes £ £ £ £
CURRENT ASSETS
Stocks 4 1,088,145 1,088,145
Debtors 5 21,399 18,399
Cash at bank and in hand 84 4,890
1,109,628 1,111,434
Creditors: Amounts Falling Due Within One Year 6 (146,242 ) (109,995 )
NET CURRENT ASSETS (LIABILITIES) 963,386 1,001,439
TOTAL ASSETS LESS CURRENT LIABILITIES 963,386 1,001,439
Creditors: Amounts Falling Due After More Than One Year 7 (930,000 ) (930,000 )
NET ASSETS 33,386 71,439
CAPITAL AND RESERVES
Called up share capital 8 1 1
Profit and Loss Account 33,385 71,438
SHAREHOLDERS' FUNDS 33,386 71,439
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For the year ending 30 November 2023 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Ms M Khadr
Director
16 August 2024
The notes on pages 3 to 4 form part of these financial statements.
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Notes to the Financial Statements
1. General Information
Amk Property (UK) Limited is a private company, limited by shares, incorporated in England & Wales, registered number 07447144 . The registered office is Unit 1 Verney House, 1b Hollywood Road, London, SW10 9HS.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Stocks and Work in Progress
Stocks and work in progress are valued at the lower of cost and net realisable value after making due allowance for obsolete and slow-moving stocks. Cost includes all direct costs and an appropriate proportion of fixed and variable overheads. Work-in-progress is reflected in the accounts on a contract by contract basis by recording turnover and related costs as contract activity progresses.
3. Average Number of Employees
Average number of employees, including directors, during the year was:
2023 2022
Office and administration 1 1
1 1
4. Stocks
2023 2022
£ £
Work in progress 1,088,145 1,088,145
5. Debtors
2023 2022
£ £
Due within one year
Amounts owed by group undertakings 21,399 18,399
21,399 18,399
Included in the amount owed by connected companies is an amount of £21,399 (2022 - £18,399) owed by Pitch Black Technology Ltd, a company incorporated and registered in the United Kingdom in which Mrs M Khadr is a director.
6. Creditors: Amounts Falling Due Within One Year
2023 2022
£ £
VAT 2,096 2,439
Other creditors 1,245 105
Accruals 950 950
Director's loan account 106,680 71,830
Amounts owed to group undertakings 35,271 34,671
146,242 109,995
Amount owed to group undertakings at the balance sheet date includes £3,100 (2022 - £2,500) to Yellow Stone Finance Group Ltd and £32,171 (2022- £32,171) to The Business and Commercial Finance Club Ltd both companies which are incorporated and registered in the United Kingdom in which Ms M Khadr is a director.
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7. Creditors: Amounts Falling Due After More Than One Year
2023 2022
£ £
Bank loans 930,000 930,000
930,000 930,000
8. Share Capital
2023 2022
£ £
Allotted, Called up and fully paid 1 1
9. Ultimate Controlling Party
The company's ultimate controlling party is Ms M. Khadr by virtue of her ownership of 100% of the issued share capital in the company.
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