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REGISTERED NUMBER: SC293262 (Scotland)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2023

FOR

A.M.I. DEVELOPMENT AND LETTINGS LIMITED

A.M.I. DEVELOPMENT AND LETTINGS LIMITED (REGISTERED NUMBER: SC293262)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A.M.I. DEVELOPMENT AND LETTINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 NOVEMBER 2023







DIRECTORS: A P Ismail
Mrs B Ismail





REGISTERED OFFICE: Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA





REGISTERED NUMBER: SC293262 (Scotland)





ACCOUNTANTS: Independent Accountants in Scotland Limited
Level One
211 Dumbarton Road
Mansfield Park
Glasgow
G11 6AA

A.M.I. DEVELOPMENT AND LETTINGS LIMITED (REGISTERED NUMBER: SC293262)

BALANCE SHEET
30 NOVEMBER 2023

30/11/23 30/11/22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 614,529 614,529

CURRENT ASSETS
Debtors 5 624 624
Cash at bank 57,557 54,779
58,181 55,403
CREDITORS
Amounts falling due within one year 6 627,473 620,805
NET CURRENT LIABILITIES (569,292 ) (565,402 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

45,237

49,127

CREDITORS
Amounts falling due after more than one
year

7

20,699

28,380
NET ASSETS 24,538 20,747

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 24,438 20,647
SHAREHOLDERS' FUNDS 24,538 20,747

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 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.

A.M.I. DEVELOPMENT AND LETTINGS LIMITED (REGISTERED NUMBER: SC293262)

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.

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 30 August 2024 and were signed on its behalf by:





A P Ismail - Director


A.M.I. DEVELOPMENT AND LETTINGS LIMITED (REGISTERED NUMBER: SC293262)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2023


1. STATUTORY INFORMATION

A.M.I. Development and Lettings Limited is a private company, limited by shares , registered in Scotland. 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.

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.

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).

A.M.I. DEVELOPMENT AND LETTINGS LIMITED (REGISTERED NUMBER: SC293262)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 NOVEMBER 2023


4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 December 2022
and 30 November 2023 614,529
NET BOOK VALUE
At 30 November 2023 614,529
At 30 November 2022 614,529

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Other debtors 624 624

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30/11/23 30/11/22
£    £   
Bank loans and overdrafts 325 -
Trade creditors 6,497 2,276
Taxation and social security 1,256 550
Other creditors 619,395 617,979
627,473 620,805

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30/11/23 30/11/22
£    £   
Bank loans 20,699 28,380

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 20,699 28,380

8. RELATED PARTY DISCLOSURES

AMI 4 Limited (Company No: SC264371) is a related party of A.M.I. Development & Lettings Limited.

As at 30th November 2023, the company owed Mr A Ismail (Director) £155,429.33 (2022: £165,293.33). This loan is interest free and has no fixed date for repayment.

As at 30th November 2023, the company owed Mrs B Ismail (Director) £155,429.34 (2022: £165,293.34). This loan is interest free and has no fixed date for repayment.