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REGISTERED NUMBER: 08633000 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 August 2023

for

Ampex Trading Ltd

Ampex Trading Ltd (Registered number: 08633000)






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




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ampex Trading Ltd

Company Information
for the Year Ended 31 August 2023







DIRECTOR: MR R GULATI





SECRETARY: MR K GULATI





REGISTERED OFFICE: 5 North End Road
London
NW11 7RJ





REGISTERED NUMBER: 08633000 (England and Wales)





ACCOUNTANTS: Martin+Heller
5 North End Road
London
NW11 7RJ

Ampex Trading Ltd (Registered number: 08633000)

Balance Sheet
31 August 2023

31.8.23 31.8.22
Notes £    £   
FIXED ASSETS
Investment property 4 1,800,000 1,800,000

CURRENT ASSETS
Cash at bank 3,226 4,270

CREDITORS
Amounts falling due within one year 5 (966,654 ) (960,439 )
NET CURRENT LIABILITIES (963,428 ) (956,169 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

836,572

843,831

CREDITORS
Amounts falling due after more than one
year

6

(730,292

)

(750,393

)
NET ASSETS 106,280 93,438

CAPITAL AND RESERVES
Called up share capital 8 1 1
Non distributable reserves 204,595 204,595
Retained earnings (98,316 ) (111,158 )
SHAREHOLDERS' FUNDS 106,280 93,438

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

Ampex Trading Ltd (Registered number: 08633000)

Balance Sheet - continued
31 August 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 director and authorised for issue on 11 September 2024 and were signed by:





MR R GULATI - Director


Ampex Trading Ltd (Registered number: 08633000)

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

1. STATUTORY INFORMATION

Ampex Trading 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.

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 1 (2022 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 September 2022
and 31 August 2023 1,800,000
NET BOOK VALUE
At 31 August 2023 1,800,000
At 31 August 2022 1,800,000

Ampex Trading Ltd (Registered number: 08633000)

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

4. INVESTMENT PROPERTY - continued

Fair value at 31 August 2023 is represented by:
£   
Valuation in 2020 204,595
Cost 1,595,405
1,800,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.8.23 31.8.22
£    £   
Bank loans and overdrafts (see note 7) 28,333 38,333
Trade creditors 14,501 14,499
Tax 9,382 14,417
Social security and other taxes 1,038 1,038
Other creditors 16,730 16,730
Directors' current accounts 891,570 870,562
Accrued expenses 5,100 4,860
966,654 960,439

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.8.23 31.8.22
£    £   
Bank loans (see note 7) 730,292 750,393

7. LOANS

An analysis of the maturity of loans is given below:

31.8.23 31.8.22
£    £   
Amounts falling due within one year or on demand:
Bank loans 28,333 38,333

Amounts falling due between two and five years:
Bank loans - 2-5 years 730,292 750,393

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.8.23 31.8.22
value: £    £   
1 Ordinary £1 1 1