Registered number
03676538
AMBERGRANGE LIMITED
Filleted Accounts
31 December 2023
AMBERGRANGE LIMITED
Registered number: 03676538
Balance Sheet
as at 31 December 2023
Notes 2023 2022
£ £
Fixed assets
Tangible assets 3 9,175,822 9,157,243
Current assets
Debtors 4 589,273 704,095
Cash at bank and in hand 574,483 165,920
1,163,756 870,015
Creditors: amounts falling due within one year 5 (412,570) (12,475)
Net current assets 751,186 857,540
Total assets less current liabilities 9,927,008 10,014,783
Creditors: amounts falling due after more than one year 6 (2,886,335) (2,889,030)
Provisions for liabilities (1,168,088) (1,168,088)
Net assets 5,872,585 5,957,665
Capital and reserves
Called up share capital 1 1
Revaluation reserve 7 5,856,572 5,856,572
Profit and loss account 16,012 101,092
Shareholders' funds 5,872,585 5,957,665
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Mr E. Graham
Director
Approved by the board on 7 September 2024
AMBERGRANGE LIMITED
Notes to the Accounts
for the year ended 31 December 2023
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the rent receivable, net of discounts and value added taxes.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Fixtures, fittings, tools and equipment 15% on reducing balance
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
Provisions
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably.
2 Employees 2023 2022
Number Number
Average number of persons employed by the company 3 3
3 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 January 2023 9,014,229 399,999 9,414,228
Additions - 47,095 47,095
At 31 December 2023 9,014,229 447,094 9,461,323
Depreciation
At 1 January 2023 - 256,985 256,985
Charge for the year - 28,516 28,516
At 31 December 2023 - 285,501 285,501
Net book value
At 31 December 2023 9,014,229 161,593 9,175,822
At 31 December 2022 9,014,229 143,014 9,157,243
4 Debtors 2023 2022
£ £
Trade debtors 16,069 15,276
Amounts owed by group undertakings and undertakings in which the company has a participating interest 546,353 409,856
Other debtors 26,851 278,963
589,273 704,095
5 Creditors: amounts falling due within one year 2023 2022
£ £
Other creditors 412,570 12,475
6 Creditors: amounts falling due after one year 2023 2022
£ £
Bank loans 2,886,335 2,889,030
Other creditors - -
2,886,335 2,889,030
7 Fair value reserve 2023 2022
£ £
At 1 January 2023 5,856,572 5,856,572
At 31 December 2023 5,856,572 5,856,572
8 Loans to directors
Description and conditions B/fwd Paid Repaid C/fwd
£ £ £ £
Mr E. Graham
Diretor's current account 276,002 (276,002) - -
276,002 (276,002) - -
9 Other information
AMBERGRANGE LIMITED is a private company limited by shares and incorporated in England. Its registered office is:
159 Streatham High Road
London
SW16 6EG
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