Acorah Software Products - Accounts Production 15.0.600 false true 31 December 2023 1 January 2023 false 1 January 2024 31 July 2024 31 July 2024 08329836 Mr V E Regan iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 08329836 2023-12-31 08329836 2024-07-31 08329836 2024-01-01 2024-07-31 08329836 frs-core:ComputerEquipment 2024-01-01 2024-07-31 08329836 frs-core:ShareCapital 2024-07-31 08329836 frs-core:RetainedEarningsAccumulatedLosses 2024-07-31 08329836 frs-bus:PrivateLimitedCompanyLtd 2024-01-01 2024-07-31 08329836 frs-bus:AbridgedAccounts 2024-01-01 2024-07-31 08329836 frs-bus:SmallEntities 2024-01-01 2024-07-31 08329836 frs-bus:AuditExempt-NoAccountantsReport 2024-01-01 2024-07-31 08329836 frs-bus:SmallCompaniesRegimeForAccounts 2024-01-01 2024-07-31 08329836 frs-bus:Director1 2024-01-01 2024-07-31 08329836 frs-bus:Director1 2023-12-31 08329836 frs-bus:Director1 2024-07-31 08329836 frs-countries:EnglandWales 2024-01-01 2024-07-31 08329836 2022-12-31 08329836 2023-12-31 08329836 2023-01-01 2023-12-31 08329836 frs-core:ShareCapital 2023-12-31 08329836 frs-core:RetainedEarningsAccumulatedLosses 2023-12-31
Registered number: 08329836
Asset Management Advisory Limited
Unaudited ABRIDGED Financial Statements
For the Period 1 January 2024 to 31 July 2024
Tuchbands Limited
Contents
Page
Abridged Balance Sheet 1—2
Notes to the Abridged Financial Statements 3—4
Page 1
Abridged Balance Sheet
Registered number: 08329836
31 July 2024 31 December 2023
Notes £ £ £ £
FIXED ASSETS
CURRENT ASSETS
Debtors 928 -
Cash at bank and in hand 632 65,275
1,560 65,275
Creditors: Amounts Falling Due Within One Year (1,560 ) (3,086 )
NET CURRENT ASSETS (LIABILITIES) - 62,189
TOTAL ASSETS LESS CURRENT LIABILITIES - 62,189
NET ASSETS - 62,189
CAPITAL AND RESERVES
Called up share capital 5 1 1
Profit and Loss Account (1 ) 62,188
SHAREHOLDERS' FUNDS - 62,189
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For the period ending 31 July 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his 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.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
All of the company's members have consented to the preparation of an Abridged Balance Sheet for the year end 31 July 2024 in accordance with section 444(2A) of the Companies Act 2006.
On behalf of the board
Mr V E Regan
Director
30/09/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Abridged Financial Statements
1. General Information
Asset Management Advisory Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08329836 . The registered office is 925 Finchley Road, London, NW11 7PE.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The entity has ceased trading since the year end. The financial statements have been prepared on a basis other than that of a going concern and therefore assets have been written down to net realisable value in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Tangible Fixed Assets and Depreciation
Tangible fixed assets are measured at cost less accumulated depreciation and any accumulated impairment losses. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Computer Equipment 33% on cost
2.3. Foreign Currencies
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balanceSheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
2.4. Taxation
Income tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from profit as reported in the statement of comprehensive income because of items of income or expense that are taxable or deductible in other years and items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the end of the reporting period.
Deferred tax is recognised on timing differences between the carrying amounts of assets and liabilities in the financial statements and the corresponding tax bases used in the computation of taxable profit. Deferred tax liabilities are generally recognised for all taxable timing differences. Deferred tax assets are generally recognised for all deductible temporary differences to the extent that it is probable that taxable profits will be available against which those deductible timing differences can be utilised. The carrying amount of deferred tax assets is reviewed at the end of each reporting period and reduced to the extent that it is no longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered.
Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the period in which the liability is settled or the asset realised, based on tax rates (and tax laws) that have been enacted or substantively enacted by the end of the reporting period. Deferred tax liabilities are presented within provisions for liabilities and deferred tax assets within debtors. The measurement of deferred tax liabilities and assets reflect the tax consequences that would follow from the manner in which the Company expects, at the end of the reporting period, to recover or settle the carrying amount of its assets and liabilities.
Current or deferred tax for the year is recognised in profit or loss, except when they related to items that are recognised in other comprehensive income or directly in equity, in which case, the current and deferred tax is also recognised in other comprehensive income or directly in equity respectively.
3. Average Number of Employees
Average number of employees, including directors, during the period was: 1 (2023: 2)
1 2
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4. Tangible Assets
Total
£
Cost
As at 1 January 2024 359
Disposals (359 )
Depreciation
As at 1 January 2024 359
Disposals (359 )
As at 31 July 2024 -
Net Book Value
As at 31 July 2024 -
As at 1 January 2024 -
5. Share Capital
31 July 2024 31 December 2023
£ £
Allotted, Called up and fully paid 1 1
6. Directors Advances, Credits and Guarantees
Included within Debtors are the following loans to directors:
As at 1 January 2024 Amounts advanced Amounts repaid Amounts written off As at 31 July 2024
£ £ £ £ £
Mr Vincent Regan (2,104 ) 3,032 - - 928
The above loan is unsecured, interest free and repayable on demand.
7. Dividends
31 July 2024 31 December 2023
£ £
On equity shares:
Final dividend paid 54,451 5,000
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