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REGISTERED NUMBER: 10709872 (England and Wales)




















Financial Statements

for the Year Ended 30 April 2024

for

AMAZING CHOICE LTD

AMAZING CHOICE LTD (REGISTERED NUMBER: 10709872)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMAZING CHOICE LTD

Company Information
for the Year Ended 30 April 2024







DIRECTOR: B L Yenson





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10709872 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

AMAZING CHOICE LTD (REGISTERED NUMBER: 10709872)

Balance Sheet
30 April 2024

30.4.24 30.4.23
Notes £    £   
FIXED ASSETS
Intangible assets 4 - -
Tangible assets 5 3,775 7,550
Investment property 6 2,046,177 2,043,125
2,049,952 2,050,675

CURRENT ASSETS
Stocks 7 - 160,451
Debtors 8 22,430 13,933
Cash at bank 3,368 3,973
25,798 178,357
CREDITORS
Amounts falling due within one year 9 (1,317,803 ) (1,527,529 )
NET CURRENT LIABILITIES (1,292,005 ) (1,349,172 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

757,947

701,503

CREDITORS
Amounts falling due after more than one
year

10

(688,588

)

(662,699

)

PROVISIONS FOR LIABILITIES (24,095 ) (24,095 )
NET ASSETS 45,264 14,709

CAPITAL AND RESERVES
Called up share capital 12 55 55
Retained earnings 13 45,209 14,654
SHAREHOLDERS' FUNDS 45,264 14,709

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her 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.

AMAZING CHOICE LTD (REGISTERED NUMBER: 10709872)

Balance Sheet - continued
30 April 2024


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.

The financial statements were approved by the director and authorised for issue on 11 October 2024 and were signed by:





B L Yenson - Director


AMAZING CHOICE LTD (REGISTERED NUMBER: 10709872)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Amazing Choice Ltd 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 is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Business Know How are being amortised evenly over their estimated useful life of five years.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - Straight line over 3 years

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.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

AMAZING CHOICE LTD (REGISTERED NUMBER: 10709872)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 May 2023
and 30 April 2024 21,180
AMORTISATION
At 1 May 2023
and 30 April 2024 21,180
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 -

5. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 18,487
DEPRECIATION
At 1 May 2023 10,937
Charge for year 3,775
At 30 April 2024 14,712
NET BOOK VALUE
At 30 April 2024 3,775
At 30 April 2023 7,550

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023 2,043,125
Additions 3,052
At 30 April 2024 2,046,177
NET BOOK VALUE
At 30 April 2024 2,046,177
At 30 April 2023 2,043,125

AMAZING CHOICE LTD (REGISTERED NUMBER: 10709872)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

6. INVESTMENT PROPERTY - continued

Fair value at 30 April 2024 is represented by:
£   
Valuation in 2020 (20,140 )
Valuation in 2021 37,676
Valuation in 2022 31,495
Valuation in 2023 42,625
Cost 1,954,521
2,046,177

7. STOCKS
30.4.24 30.4.23
£    £   
Finished goods - 160,451

8. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade debtors 1,449 1,833
Other debtors 20,981 12,100
22,430 13,933

9. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
30.4.24 30.4.23
£    £   
Trade creditors 6,360 7,211
Taxation and social security 8,189 -
Other creditors 1,303,254 1,520,318
1,317,803 1,527,529

10. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
30.4.24 30.4.23
£    £   
Other creditors 688,588 662,699

AMAZING CHOICE LTD (REGISTERED NUMBER: 10709872)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

11. SECURED DEBTS

The following secured debts are included within creditors:

30.4.24 30.4.23
£    £   
Mortgage 688,588 662,699

The mortgages are all provided by Charter Court Financial Services Limited and are secured against the freehold interest in the land and property at:

Flat 7 Kingswood House
Flat 11 Kingswood House
3 The Courtyard Trinity
13 Middle Green
25 Sitwell Street
47 Derwent Road
1 and 1A Hylton Street
2 Chisholm Road

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 30.4.24 30.4.23
value: £    £   
55 Ordinary A £1 55 55

13. RESERVES

Reserves include £83,610 which is not distributable. This relates to the unrealised revaluation of investment properties and the deferred tax effects.