A M Properties (South Wales) Limited
Registered number: 09976900
Balance Sheet
as at 31 January 2024
Notes 2024 2023
£ £
Fixed assets
Tangible assets 3 760,971 676,670
Current assets
Debtors 4 5,825 -
Cash at bank and in hand 15,693 7,845
21,518 7,845
Creditors: amounts falling due within one year 5 (322,234) (157,964)
Net current liabilities (300,716) (150,119)
Total assets less current liabilities 460,255 526,551
Creditors: amounts falling due after more than one year 6 (470,547) (540,630)
Net liabilities (10,292) (14,079)
Capital and reserves
Called up share capital 100 100
Profit and loss account (10,392) (14,179)
Shareholder's funds (10,292) (14,079)
The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The member has not required the company to obtain an audit in accordance with section 476 of the Act.
The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
M R Lewis
Director
Approved by the board on 25 October 2024
A M Properties (South Wales) Limited
Notes to the Accounts
for the year ended 31 January 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable. Turnover includes revenue earned from the rental of residential properties and is recognised when the rents are due.
Tangible fixed assets
Tangible fixed assets are measured at cost less any impairment losses.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 1 1
3 Tangible fixed assets
Land and buildings
£
Cost
At 1 February 2023 676,670
Additions 84,301
At 31 January 2024 760,971
Depreciation
At 31 January 2024 -
Net book value
At 31 January 2024 760,971
At 31 January 2023 676,670
4 Debtors 2024 2023
£ £
Trade debtors 5,825 -
5 Creditors: amounts falling due within one year 2024 2023
£ £
Bank loans and overdrafts 17,155 17,155
Trade creditors 1,638 1,740
Other creditors 303,441 139,069
322,234 157,964
6 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 470,547 540,630
7 Loans 2024 2023
£ £
Creditors include:
Amounts payable otherwise than by instalment falling due for payment after more than five years 470,547 470,547
Secured bank loans 487,702 487,702
The loans are secured against the fixed assets.
8 Other information
A M Properties (South Wales) Limited is a private company limited by shares and incorporated in England. Its registered office is:
10 Bronheulwen
Porth
Wales
CF39 0BJ
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