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REGISTERED NUMBER: 11173736 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

3Amigos Properties Ltd

3Amigos Properties Ltd (Registered number: 11173736)






Contents of the Financial Statements
for the Year Ended 31 January 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


3Amigos Properties Ltd

Company Information
for the Year Ended 31 January 2024







DIRECTORS: K Unal
H Z Ramadan
I Arif





SECRETARY: K Unal





REGISTERED OFFICE: 3b Empire Parade, Edmonton,
London
N18 1AA





REGISTERED NUMBER: 11173736 (England and Wales)





ACCOUNTANTS: .

3Amigos Properties Ltd (Registered number: 11173736)

Balance Sheet
31 January 2024

31.1.24 31.1.23
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 380,000 380,000

CURRENT ASSETS
Cash at bank 1,894 2,988

CREDITORS
Amounts falling due within one year 5 1,437 2,878
NET CURRENT ASSETS 457 110
TOTAL ASSETS LESS CURRENT
LIABILITIES

380,457

380,110

CREDITORS
Amounts falling due after more than
one year

6

(314,711

)

(323,145

)

PROVISIONS FOR LIABILITIES (11,827 ) (11,827 )
NET ASSETS 53,919 45,138

CAPITAL AND RESERVES
Called up share capital 3 3
Retained earnings 53,916 45,135
53,919 45,138

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 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.

3Amigos Properties Ltd (Registered number: 11173736)

Balance Sheet - continued
31 January 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 Board of Directors and authorised for issue on 25 October 2024 and were signed on its behalf by:





K Unal - Director


3Amigos Properties Ltd (Registered number: 11173736)

Notes to the Financial Statements
for the Year Ended 31 January 2024

1. STATUTORY INFORMATION

3Amigos Properties 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.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit
arising from changes in fair value is recognized 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 3 (2023 - 3 ) .

3Amigos Properties Ltd (Registered number: 11173736)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 380,000
NET BOOK VALUE
At 31 January 2024 380,000
At 31 January 2023 380,000

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2020 36,837
Valuation in 2021 25,415
Cost 317,748
380,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.1.24 31.1.23
£    £   
Other creditors 1,437 2,878

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.1.24 31.1.23
£    £   
Bank loans 283,050 283,050
Taxation and social security 818 -
Other creditors 30,843 40,095
314,711 323,145

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans more 5 yrs non-inst 283,050 283,050

Other creditors includes an amount of £30,843 due to the directors ( 2023: £40,095)

3Amigos Properties Ltd (Registered number: 11173736)

Notes to the Financial Statements - continued
for the Year Ended 31 January 2024

7. SECURED DEBTS

The following secured debts are included within creditors:

31.1.24 31.1.23
£    £   
Bank loans 283,050 283,050

The Borrowers charge the freehold property with full title guarantee by way of a legal mortgage as continuing security of the amount owed and all other debt.