IRIS Accounts Production v24.1.0.578 08377775 Board of Directors 1.1.23 31.12.23 31.12.23 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh083777752022-12-31083777752023-12-31083777752023-01-012023-12-31083777752021-12-31083777752022-01-012022-12-31083777752022-12-3108377775ns15:EnglandWales2023-01-012023-12-3108377775ns14:PoundSterling2023-01-012023-12-3108377775ns10:Director12023-01-012023-12-3108377775ns10:PrivateLimitedCompanyLtd2023-01-012023-12-3108377775ns10:SmallEntities2023-01-012023-12-3108377775ns10:AuditExempt-NoAccountantsReport2023-01-012023-12-3108377775ns10:SmallCompaniesRegimeForDirectorsReport2023-01-012023-12-3108377775ns10:SmallCompaniesRegimeForAccounts2023-01-012023-12-3108377775ns10:FullAccounts2023-01-012023-12-3108377775ns5:CurrentFinancialInstruments2023-12-3108377775ns5:CurrentFinancialInstruments2022-12-3108377775ns5:ShareCapital2023-12-3108377775ns5:ShareCapital2022-12-3108377775ns5:FurtherSpecificReserve3ComponentTotalEquity2023-12-3108377775ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-3108377775ns5:RetainedEarningsAccumulatedLosses2023-12-3108377775ns5:RetainedEarningsAccumulatedLosses2022-12-3108377775ns10:RegisteredOffice2023-01-012023-12-3108377775ns5:CostValuation2022-12-3108377775ns5:AdditionsToInvestments2023-12-3108377775ns5:ForeignExchangeDifferencesIncreaseDecreaseInInvestments2023-12-3108377775ns5:CostValuation2023-12-3108377775ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-12-3108377775ns5:CurrentFinancialInstrumentsns5:WithinOneYear2022-12-3108377775ns5:FurtherSpecificReserve3ComponentTotalEquity2022-12-31
REGISTERED NUMBER: 08377775 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ambleside Estates Limited

Ambleside Estates Limited (Registered number: 08377775)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Ambleside Estates Limited (Registered number: 08377775)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Investments 4 5,897,351 3,027,915
Investment property 5 900,000 900,000
6,797,351 3,927,915

CURRENT ASSETS
Debtors 6 156,543 173,134
Cash at bank and in hand 35,891 126,905
192,434 300,039
CREDITORS
Amounts falling due within one year 7 (4,166,735 ) (2,611,222 )
NET CURRENT LIABILITIES (3,974,301 ) (2,311,183 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,823,050

1,616,732

PROVISIONS FOR LIABILITIES (17,244 ) (17,244 )
NET ASSETS 2,805,806 1,599,488

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 8 135,239 135,239
Retained earnings 2,670,565 1,464,247
2,805,806 1,599,488

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.

Ambleside Estates Limited (Registered number: 08377775)

Balance Sheet - 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.

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 Board of Directors and authorised for issue on 4 July 2024 and were signed on its behalf by:





B D Brick - Director


Ambleside Estates Limited (Registered number: 08377775)

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

1. STATUTORY INFORMATION

Ambleside Estates Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number: 08377775

Registered office: Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

Turnover
Turnover represents the total rent receivable during the year.

Investment property
Investment property is included at fair value. Gains are recognised in the profit and loss account. Deferred
taxation is provided on these gains at the rate expected to apply when the property is sold.

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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Fixed asset investment
Fixed asset investments are stated at cost less provisions for permanent diminution in value plus any share of profit due.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2022 - 2 ) .

Ambleside Estates Limited (Registered number: 08377775)

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

4. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 January 2023 3,027,915
Additions 1,145,048
Share of profit/(loss) 1,925,829
Exchange differences (201,441 )
At 31 December 2023 5,897,351
NET BOOK VALUE
At 31 December 2023 5,897,351
At 31 December 2022 3,027,915

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 900,000
NET BOOK VALUE
At 31 December 2023 900,000
At 31 December 2022 900,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2016 296,880
Valuation in 2017 51,191
Valuation in 2019 41,468
Valuation in 2022 (237,056 )
Cost 747,517
900,000

If the investment properties had not been revalued they would have been included at the following historical cost:

2023 2022
£    £   
Cost 747,517 747,517

The investment properties were valued on an open market basis on 31 December 2023 by the director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 5,219 778
Other debtors 151,324 172,356
156,543 173,134

Ambleside Estates Limited (Registered number: 08377775)

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

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade creditors - 457
Amounts owed to related party 212,008 58,008
Taxation and social security 369,684 116,380
Other creditors 3,585,043 2,436,377
4,166,735 2,611,222

8. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 135,239