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Company Registration No. 11843118 (England and Wales)
Amaris Investment Properties Ltd Unaudited accounts for the year ended 29 February 2024
Amaris Investment Properties Ltd Unaudited accounts Contents
Page
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Amaris Investment Properties Ltd Company Information for the year ended 29 February 2024
Director
Dr. Rutendo Ganyani
Company Number
11843118 (England and Wales)
Registered Office
102 Pickford Green Lane Allesley Coventry West Midlands CV5 9AP England
Accountants
SB Accounts Ltd 100 Coombe Park Road Coventry West Midlands CV3 2PE
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Amaris Investment Properties Ltd Statement of financial position as at 29 February 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Tangible assets
288 
- 
Investment property
113,000 
113,000 
113,288 
113,000 
Current assets
Cash at bank and in hand
1,138 
141 
Creditors: amounts falling due within one year
(17,662)
(17,351)
Net current liabilities
(16,524)
(17,210)
Total assets less current liabilities
96,764 
95,790 
Creditors: amounts falling due after more than one year
(85,273)
(85,273)
Provisions for liabilities
Deferred tax
(5,106)
(5,106)
Net assets
6,385 
5,411 
Capital and reserves
Called up share capital
1 
1 
Profit and loss account
6,384 
5,410 
Shareholders' funds
6,385 
5,411 
For the year ending 29 February 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have 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 and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 4 September 2024 and were signed on its behalf by
Dr. Rutendo Ganyani Director Company Registration No. 11843118
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Amaris Investment Properties Ltd Notes to the Accounts for the year ended 29 February 2024
1
Statutory information
Amaris Investment Properties Ltd is a private company, limited by shares, registered in England and Wales, registration number 11843118. The registered office is 102 Pickford Green Lane, Allesley, Coventry, West Midlands, CV5 9AP, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
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 and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% straight line
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
Going concern
The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of its directors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.
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Amaris Investment Properties Ltd Notes to the Accounts for the year ended 29 February 2024
4
Tangible fixed assets
Fixtures & fittings 
£ 
Cost or valuation
At cost 
At 1 March 2023
12,783 
Additions
384 
At 29 February 2024
13,167 
Depreciation
At 1 March 2023
12,783 
Charge for the year
96 
At 29 February 2024
12,879 
Net book value
At 29 February 2024
288 
5
Investment property
2024 
£ 
Fair value at 1 March 2023
113,000 
At 29 February 2024
113,000 
6
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Loans from directors
16,837 
16,526 
Accruals
825 
825 
17,662 
17,351 
7
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
85,273 
85,273 
8
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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