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REGISTERED NUMBER: 01085925 (England and Wales)















Unaudited Financial Statements for the Year Ended 29 February 2024

for

Ambrose Developments Limited

Ambrose Developments Limited (Registered number: 01085925)






Contents of the Financial Statements
for the Year Ended 29 February 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ambrose Developments Limited

Company Information
for the Year Ended 29 February 2024







DIRECTORS: R M Ambrose
Mrs S R Grady





SECRETARY: Mrs S R Grady





REGISTERED OFFICE: 65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY





REGISTERED NUMBER: 01085925 (England and Wales)





ACCOUNTANTS: Godfrey Laws & Co Limited
65 Knowl Piece
Wilbury Way
Hitchin
Hertfordshire
SG4 0TY

Ambrose Developments Limited (Registered number: 01085925)

Balance Sheet
29 February 2024

29.2.24 28.2.23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 - -
Investment property 5 800,000 770,000
800,000 770,000

CURRENT ASSETS
Debtors 6 5,867 9,794
Cash at bank 93,076 81,545
98,943 91,339
CREDITORS
Amounts falling due within one year 7 26,847 22,951
NET CURRENT ASSETS 72,096 68,388
TOTAL ASSETS LESS CURRENT
LIABILITIES

872,096

838,388

PROVISIONS FOR LIABILITIES 72,851 65,351
NET ASSETS 799,245 773,037

CAPITAL AND RESERVES
Called up share capital 97 97
Non distributable reserve 8 522,647 500,147
Retained earnings 276,501 272,793
SHAREHOLDERS' FUNDS 799,245 773,037

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 2024 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.

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 Income Statement has not been delivered.

Ambrose Developments Limited (Registered number: 01085925)

Balance Sheet - continued
29 February 2024



The financial statements were approved by the Board of Directors and authorised for issue on 1 October 2024 and were signed on its behalf by:





Mrs S R Grady - Director


Ambrose Developments Limited (Registered number: 01085925)

Notes to the Financial Statements
for the Year Ended 29 February 2024

1. STATUTORY INFORMATION

Ambrose Developments Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover
Turnover represents rents received and receivable, excluding value added tax.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, 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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was NIL (2023 - NIL).

Ambrose Developments Limited (Registered number: 01085925)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

4. TANGIBLE FIXED ASSETS
Computer
equipment
£   
COST
At 1 March 2023
and 29 February 2024 943
DEPRECIATION
At 1 March 2023
and 29 February 2024 943
NET BOOK VALUE
At 29 February 2024 -
At 28 February 2023 -

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023 770,000
Revaluations 30,000
At 29 February 2024 800,000
NET BOOK VALUE
At 29 February 2024 800,000
At 28 February 2023 770,000

The investment properties were revalued on 9 January 2024 by Vickery Holman Ltd.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Other debtors 5,867 9,794

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade creditors 2,124 408
Taxation and social security 11,462 13,011
Other creditors 13,261 9,532
26,847 22,951

Ambrose Developments Limited (Registered number: 01085925)

Notes to the Financial Statements - continued
for the Year Ended 29 February 2024

8. RESERVES
Non
distributable
reserve
£   
At 1 March 2023 500,147
Reserve transfer 22,500

At 29 February 2024 522,647

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 29 February 2024 and 28 February 2023:

29.2.24 28.2.23
£    £   
R M Ambrose
Balance outstanding at start of year (1,402 ) 1,099
Amounts advanced 12,312 24,312
Amounts repaid (12,687 ) (26,813 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,777 ) (1,402 )

10. ULTIMATE CONTROLLING PARTY

Mr R M Ambrose is considered to be the ultimate controlling party by virtue of his shareholding.