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REGISTERED NUMBER: 02129000















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31ST DECEMBER 2023

FOR

AMBERWOOD DEVELOPMENTS LIMITED

AMBERWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02129000)

CONTENTS OF THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMBERWOOD DEVELOPMENTS LIMITED

COMPANY INFORMATION
for the Year Ended 31st December 2023







DIRECTOR: Mr M E Fishwick





SECRETARY: Mr M E Fishwick





REGISTERED OFFICE: 100 Barbirolli Square
Manchester
M2 3BD





REGISTERED NUMBER: 02129000





ACCOUNTANTS: Xeinadin
100 Barbirolli Square
Manchester
M2 3BD

AMBERWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02129000)

BALANCE SHEET
31st December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 2,001,000 2,390,000
2,001,000 2,390,000

CURRENT ASSETS
Cash at bank 96,909 105,500

CREDITORS
Amounts falling due within one year 6 (1,083,659 ) (1,169,155 )
NET CURRENT LIABILITIES (986,750 ) (1,063,655 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,014,250

1,326,345

CREDITORS
Amounts falling due after more than one
year

7

(575,000

)

(920,000

)

PROVISIONS FOR LIABILITIES (11,027 ) -
NET ASSETS 428,223 406,345

CAPITAL AND RESERVES
Called up share capital 9 100 100
Fair value reserve 10 280,050 242,862
Retained earnings 148,073 163,383
SHAREHOLDERS' FUNDS 428,223 406,345

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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.

AMBERWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02129000)

BALANCE SHEET - continued
31st December 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the director and authorised for issue on 18th September 2024 and were signed by:





Mr M E Fishwick - Director


AMBERWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02129000)

NOTES TO THE FINANCIAL STATEMENTS
for the Year Ended 31st December 2023


1. STATUTORY INFORMATION

Amberwood Developments Limited is a private company, limited by shares, registered in England and Wales, registration number 02129000. The address of the registered office is 100 Barbirolli Square, Manchester, M2 3BD. The principal place of business is Henshaw House, Henshaw Lane, Macclesfield, SK11 9JW.

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.

Turnover principally consists of income from the rental of residential properties to private tenants as well as income received from the provision of Consultancy Services.

Tangible fixed assets
Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation on tangible fixed assets is charged to the profit and loss so as to write off their value, over their estimated useful lives, using the following methods:

Fixtures and Fittings25% Straight Line
Computer Equipment33% Straight Line

At each balance sheet date, the Company reviews the carrying amounts of its tangible fixed assets to determine whether there is any indication that any items of tangible fixed assets have suffered an impairment loss. If any such indication exists, the recoverable amount of a tangible fixed asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the tangible fixed asset, the Company estimates the recoverable amount of the cash-generating unit to which the tangible fixed asset belongs.

If the recoverable amount of a tangible fixed asset is estimated to be less than its carrying amount, the carrying amount of the tangible fixed asset is reduced to its recoverable amount. Impairment loss is recognised as an expense immediately.

Investment property
Investment property is carried at fair value derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the profit and loss account, 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.


AMBERWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02129000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


2. ACCOUNTING POLICIES - continued
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.

Trade and other debtors
Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method, less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases, the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalent
Cash and cash equivalents are represented by cash at bank and in hand.

Trade and other creditors
Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method unless the effect of discounting would be immaterial, in which case they are stated at cost.

3. EMPLOYEES AND DIRECTORS

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

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1st January 2023
and 31st December 2023 3,145 335 3,480
DEPRECIATION
At 1st January 2023
and 31st December 2023 3,145 335 3,480
NET BOOK VALUE
At 31st December 2023 - - -
At 31st December 2022 - - -

AMBERWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02129000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1st January 2023 2,390,000
Disposals (435,000 )
Revaluations 46,000
At 31st December 2023 2,001,000
NET BOOK VALUE
At 31st December 2023 2,001,000
At 31st December 2022 2,390,000

Fair value at 31st December 2023 is represented by:
£   
Valuation in 2023 2,001,000

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Taxation and social security 1,624 1,568
Other creditors 1,082,035 1,167,587
1,083,659 1,169,155

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2023 2022
£    £   
Bank loans 575,000 920,000

8. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 575,000 920,000

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:


Number:

Class
Nominal
Value:

2023


2022
£ £
85 Ordinary £1.00 85 90
5 Ordinary A £1.00 5 5
5 Ordinary B £1.00 5 5
5 Ordinary C £1.00 5 -

100 100

AMBERWOOD DEVELOPMENTS LIMITED (REGISTERED NUMBER: 02129000)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the Year Ended 31st December 2023


10. RESERVES
Fair
value
reserve
£   
At 1st January 2023 242,862
Transfer between reserves 37,188

At 31st December 2023 280,050

11. RELATED PARTY DISCLOSURES

The ultimate controlling party is Mr M E Fishwick by virtue of his majority shareholding.