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Registered number: 14002256
AMG Living Ltd
Unaudited Financial Statements
For The Year Ended 31 March 2024
Optimise Accountants Ltd
Office 15 Bramley House 2a
Bramley Road
Long Eaton
Nottinghamshire
NG10 3SX
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 14002256
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 328,254 -
328,254 -
CURRENT ASSETS
Debtors 5 321 -
Cash at bank and in hand 3,669 -
3,990 -
Creditors: Amounts Falling Due Within One Year 6 (180,801 ) (9,605 )
NET CURRENT ASSETS (LIABILITIES) (176,811 ) (9,605 )
TOTAL ASSETS LESS CURRENT LIABILITIES 151,443 (9,605 )
Creditors: Amounts Falling Due After More Than One Year 7 (205,000 ) -
NET LIABILITIES (53,557 ) (9,605 )
CAPITAL AND RESERVES
Called up share capital 9 1 1
Profit and Loss Account (53,558 ) (9,606 )
SHAREHOLDERS' FUNDS (53,557) (9,605)
Page 1
Page 2
For the 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.
The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her 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.
On behalf of the board
Ms Andromeda Godfrey
Director
16/10/2024
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AMG Living Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 14002256 . The registered office is Office 15 Bramley House 2a, Bramley Road, Long Eaton, Nottinghamshire, NG10 3SX.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and 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. Going Concern Disclosure
The directors have not identified any material uncertainties related to events or conditions that may cast significant doubt about the company's ability to continue as a going concern.
2.3. Investment Properties
All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 1 (2023: 1)
1 1
4. Investment Property
2024
£
Fair Value
As at 1 April 2023 -
Additions 328,254
As at 31 March 2024 328,254
5. Debtors
2024 2023
£ £
Due within one year
Prepayments and accrued income 114 -
Other debtors 207 -
321 -
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 80,085 -
Accruals and deferred income 910 1,559
Director's loan account 99,806 8,046
180,801 9,605
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 205,000 -
Page 3
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8. Secured Creditors
Of the creditors the following amounts are secured.
2024 2023
£ £
Bank loans and overdrafts 205,000 -
9. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 1 1
10. Ultimate Controlling Party
The company's ultimate controlling party is Ms Andromeda Godfrey by virtue of his ownership of 100% of the issued share capital in the company.
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