Silverfin false false 31/03/2024 01/04/2023 31/03/2024 A Grycz-Rzepska 14/07/2023 M Rzepski 26/11/2020 06 October 2024 The principal activity of the Company during the financial period was letting and operating of own or leased real estate. 13046571 2024-03-31 13046571 bus:Director1 2024-03-31 13046571 bus:Director2 2024-03-31 13046571 2023-03-31 13046571 core:CurrentFinancialInstruments 2024-03-31 13046571 core:CurrentFinancialInstruments 2023-03-31 13046571 core:ShareCapital 2024-03-31 13046571 core:ShareCapital 2023-03-31 13046571 core:RetainedEarningsAccumulatedLosses 2024-03-31 13046571 core:RetainedEarningsAccumulatedLosses 2023-03-31 13046571 core:CostValuation 2023-03-31 13046571 core:CostValuation 2024-03-31 13046571 2023-04-01 2024-03-31 13046571 bus:FilletedAccounts 2023-04-01 2024-03-31 13046571 bus:SmallEntities 2023-04-01 2024-03-31 13046571 bus:AuditExemptWithAccountantsReport 2023-04-01 2024-03-31 13046571 bus:PrivateLimitedCompanyLtd 2023-04-01 2024-03-31 13046571 bus:Director1 2023-04-01 2024-03-31 13046571 bus:Director2 2023-04-01 2024-03-31 13046571 2022-04-01 2023-03-31 iso4217:GBP xbrli:pure

Company No: 13046571 (England and Wales)

AMADENT LETTINGS LIMITED

Unaudited Financial Statements
For the financial year ended 31 March 2024
Pages for filing with the registrar

AMADENT LETTINGS LIMITED

Unaudited Financial Statements

For the financial year ended 31 March 2024

Contents

AMADENT LETTINGS LIMITED

BALANCE SHEET

As at 31 March 2024
AMADENT LETTINGS LIMITED

BALANCE SHEET (continued)

As at 31 March 2024
Note 2024 2023
£ £
Fixed assets
Investment property 3 576,800 576,800
Investments 4 100 100
576,900 576,900
Current assets
Debtors 5 1,070 390
1,070 390
Creditors: amounts falling due within one year 6 ( 541,854) ( 561,873)
Net current liabilities (540,784) (561,483)
Total assets less current liabilities 36,116 15,417
Net assets 36,116 15,417
Capital and reserves
Called-up share capital 100 100
Profit and loss account 36,016 15,317
Total shareholders' funds 36,116 15,417

For the financial year ending 31 March 2024 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The financial statements of Amadent Lettings Limited (registered number: 13046571) were approved and authorised for issue by the Board of Directors on 06 October 2024. They were signed on its behalf by:

M Rzepski
Director
AMADENT LETTINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
AMADENT LETTINGS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 March 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Amadent Lettings Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 29 Princes Street, Dorchester, DT1 1TP, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover comprises the fair value of rent received in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date. Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Fixed asset investments

Investments are recognised initially at fair value which is normally the transaction price excluding transaction costs. Subsequently, they are measured at fair value through profit or loss if the shares are publicly traded or their fair value can otherwise be measured reliably. Other investments are measured at cost less impairment.

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.

Trade and other creditors

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Ordinary share capital

The ordinary share capital of the Company is presented as equity.

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Investment property

Investment property
£
Valuation
As at 01 April 2023 576,800
As at 31 March 2024 576,800

Valuation

The value of investment property is derived from observable current market prices for comparable real estate determined by the directors. The assets have a current value of £576,800 (2023 - £576,800).

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 576,800 576,800

4. Fixed asset investments

Investments in subsidiaries

2024
£
Cost
At 01 April 2023 100
At 31 March 2024 100
Carrying value at 31 March 2024 100
Carrying value at 31 March 2023 100

5. Debtors

2024 2023
£ £
Other debtors 1,070 390

6. Creditors: amounts falling due within one year

2024 2023
£ £
Trade creditors 0 199
Amounts owed to Group undertakings 535,292 557,824
Taxation and social security 4,912 2,409
Other creditors 1,650 1,441
541,854 561,873