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REGISTERED NUMBER: 09153965 (England and Wales)


















Unaudited Financial Statements for the Year Ended 31 December 2023

for

Ambleside Investments Limited

Ambleside Investments Limited (Registered number: 09153965)






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




Page

Balance Sheet 1

Notes to the Financial Statements 3


Ambleside Investments Limited (Registered number: 09153965)

Balance Sheet
31 December 2023

2023 2022
Notes £    £   
FIXED ASSETS
Property, plant and equipment 4 1,213 1,618
Investment property 5 4,315,000 4,315,000
4,316,213 4,316,618

CURRENT ASSETS
Debtors 6 130,371 41,489
Cash at bank 8,822 73,575
139,193 115,064
CREDITORS
Amounts falling due within one year 7 (2,707,771 ) (2,349,924 )
NET CURRENT LIABILITIES (2,568,578 ) (2,234,860 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,747,635

2,081,758

CREDITORS
Amounts falling due after more than one
year

8

(1,150,000

)

(1,500,000

)
NET ASSETS 597,635 581,758

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 162,185 162,185
Retained earnings 435,448 419,571
SHAREHOLDERS' FUNDS 597,635 581,758

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 Investments Limited (Registered number: 09153965)

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 25 June 2024 and were signed on its behalf by:





B D Brick - Director


Ambleside Investments Limited (Registered number: 09153965)

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

1. STATUTORY INFORMATION

Ambleside Investments 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: 09153965

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 rental income receivable during the year.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Fixtures and fittings - 25% on reducing balance

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.

Ambleside Investments Limited (Registered number: 09153965)

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 2 (2022 - 2 ) .

4. PROPERTY, PLANT AND EQUIPMENT
Fixtures
and
fittings
£   
COST
At 1 January 2023
and 31 December 2023 7,354
DEPRECIATION
At 1 January 2023 5,736
Charge for year 405
At 31 December 2023 6,141
NET BOOK VALUE
At 31 December 2023 1,213
At 31 December 2022 1,618

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 January 2023
and 31 December 2023 4,315,000
NET BOOK VALUE
At 31 December 2023 4,315,000
At 31 December 2022 4,315,000

Fair value at 31 December 2023 is represented by:
£   
Valuation in 2017 373,243
Valuation in 2020 266,262
Valuation in 2021 150,000
Valuation in 2022 (610,000 )
Cost 4,135,495
4,315,000

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

2023 2022
£    £   
Cost 4,135,495 4,135,495

The investment properties were valued on a fair value basis on 31 December 2023 by the director .

Ambleside Investments Limited (Registered number: 09153965)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Trade debtors 20,629 18,734
Amounts owed by related party 90,508 3,508
Deferred tax asset 17,320 17,320
Prepayments and accrued income 1,914 1,927
130,371 41,489

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Amounts owed to related party 67,500 67,500
Tax 4,188 19,803
PAYE - 7
Other creditors 2,425 -
Directors' loan accounts 2,623,195 2,255,027
Accruals and deferred income 10,463 7,587
2,707,771 2,349,924

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans - 2-5 years 1,150,000 1,500,000

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loan 1,150,000 1,500,000

Interest only loan secured against the investment properties of the company.

10. RESERVES
Fair
value
reserve
£   
At 1 January 2023
and 31 December 2023 162,185