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REGISTERED NUMBER: 01350326 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 December 2023

for

A.M.G. Warehousing Limited

A.M.G. Warehousing Limited (Registered number: 01350326)






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




Page

Company Information 1

Abridged Statement of Financial Position 2

Notes to the Financial Statements 4


A.M.G. Warehousing Limited

Company Information
for the Year Ended 31 December 2023







DIRECTORS: J H Atwell (Senior)
J H Atwell (Junior)
G D Gillard



SECRETARY: G D Gillard



REGISTERED OFFICE: No. 3 Building
North Weald Airfield
North Weald
Essex
CM16 6HR



REGISTERED NUMBER: 01350326 (England and Wales)



ACCOUNTANTS: Fredericks Limited
Chartered Accountants
106 Charter Avenue
Ilford
Essex
IG2 7AD



BANKERS: H S B C Bank plc
34 Broad Walk
Harlow
Essex
CM20 1JA



SOLICITORS: Foskett, Marr, Gadsby, Head
181 High Street
Epping
Essex
CM16 4BQ

A.M.G. Warehousing Limited (Registered number: 01350326)

Abridged Statement of Financial Position
31 December 2023

31.12.23 31.12.22
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 740,001 740,001

CURRENT ASSETS
Debtors 69,710 85,095
Cash at bank 150,640 146,811
220,350 231,906
CREDITORS
Amounts falling due within one year 34,275 50,438
NET CURRENT ASSETS 186,075 181,468
TOTAL ASSETS LESS CURRENT
LIABILITIES

926,076

921,469

PROVISIONS FOR LIABILITIES 103,000 103,000
NET ASSETS 823,076 818,469

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 823,073 818,466
SHAREHOLDERS' FUNDS 823,076 818,469

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.

A.M.G. Warehousing Limited (Registered number: 01350326)

Abridged Statement of Financial Position - 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Statement of Financial Position for the year ended 31 December 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 Board of Directors and authorised for issue on 12 September 2024 and were signed on its behalf by:





G D Gillard - Director


A.M.G. Warehousing Limited (Registered number: 01350326)

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

1. STATUTORY INFORMATION

A.M.G. Warehousing Limited 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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 represents net rental income.

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 statement of financial position date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme where the assets of the scheme are held separately from those of the company in an independently self-administered fund. There were no contributions made to this scheme for the year.

The company has made contributions to other defined contribution schemes. The assets of these schemes are held separately from those of the company. The pension cost charge represents contributions payable to these scheme.



Investment properties
Investment properties are valued annually by the directors. The aggregate surplus or deficit is transferred to the profit and loss account.

No depreciation or amortisation is provided in respect of leasehold investment properties where the unexpired lease term is 20 years or more.Improvements to the investment property are depreciated over the remaining lease term.

A.M.G. Warehousing Limited (Registered number: 01350326)

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

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 767,001
DEPRECIATION
At 1 January 2023
and 31 December 2023 27,000
NET BOOK VALUE
At 31 December 2023 740,001
At 31 December 2022 740,001

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2004 668,212
Valuation in 2006 55,000
Valuation in 2009 (122,999 )
Valuation in 2013 (110,000 )
Valuation in 2017 170,000
Cost 106,788
767,001

If investment property had not been revalued it would have been included at the following historical cost:

31.12.23 31.12.22
£    £   
Cost 106,788 106,788

Investment property was valued on an open market basis on 1 July 2017 by Marshall Clark, Chartered Surveyors .

The directors, having taken appropriate advice, do not consider that the value of the property has changed significantly since the last valuation.

A.M.G. Warehousing Limited (Registered number: 01350326)

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

5. RELATED PARTY DISCLOSURES

During the year the company charged rent to AMG North Weald Limited, a company in which J H Atwell (Junior) and G D Gillard are directors and have material interest. The amount charged during the year was £124,323 (2022 : £178,975). The balance due at the year end was £Nil (2022 : £70,000).
Management charges charged to the company by AMG North Weald Limited amounted to £30,000 (2022: £30,000). The balance outstanding at the year end was £Nil (2022: £9,000).

The company paid rent in the sum of £217,000 (2022: £144,008) during the year to a self-administered pension fund, The J H Atwell Pension Fund, in respect of an investment property. The balance outstanding at the year end was £Nil (2022 : £14,000).

The directors consider that the above transactions have been carried out at arms length and at market value.

In the opinion of the directors there is no controlling party.