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REGISTERED NUMBER: 08433222 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 October 2023

for

Amazing Estates Limited

Amazing Estates Limited (Registered number: 08433222)






Contents of the Financial Statements
for the Year Ended 31 October 2023




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4

Chartered Accountants' Report 6

Amazing Estates Limited

Company Information
for the Year Ended 31 October 2023







DIRECTOR: B Sadiq





SECRETARY:





REGISTERED OFFICE: The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW





REGISTERED NUMBER: 08433222 (England and Wales)





ACCOUNTANTS: Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW

Amazing Estates Limited (Registered number: 08433222)

Abridged Balance Sheet
31 October 2023

31.10.23 31.10.22
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 1,900 1,900
Investment property 5 387,576 387,576
389,476 389,476

CURRENT ASSETS
Cash at bank and in hand 3,073 887

CREDITORS
Amounts falling due within one year 146,672 146,020
NET CURRENT LIABILITIES (143,599 ) (145,133 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

245,877

244,343

CREDITORS
Amounts falling due after more than one
year

6

287,076

293,644
NET LIABILITIES (41,199 ) (49,301 )

CAPITAL AND RESERVES
Called up share capital 8 1 1
Retained earnings (41,200 ) (49,302 )
SHAREHOLDERS' FUNDS (41,199 ) (49,301 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2023 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 Estates Limited (Registered number: 08433222)

Abridged Balance Sheet - continued
31 October 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 October 2023 in accordance with Section 444(2A) of the Companies Act 2006.

In accordance with Section 444 of the Companies Act 2006, the Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the director and authorised for issue on 27 August 2024 and were signed by:





B Sadiq - Director


Amazing Estates Limited (Registered number: 08433222)

Notes to the Financial Statements
for the Year Ended 31 October 2023

1. STATUTORY INFORMATION

Amazing Estates 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.

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

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

Investment property
The director is of the opinion that the property investment value is fairly stated and not materially different to the recent acquisition cost and improvements currently in progress; and obtaining an independent valuation would not be cost effective. In addition, it is not depreciated, as the director is of the opinion that, it is maintained regularly, ensuring that its value is maintained at least at the amount of the acquisition cost plus ongoing refurbishments.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Statement of Income and Retained Earnings, 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 1 (2022 - 1 ) .

Amazing Estates Limited (Registered number: 08433222)

Notes to the Financial Statements - continued
for the Year Ended 31 October 2023

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 November 2022
and 31 October 2023 12,372
DEPRECIATION
At 1 November 2022
and 31 October 2023 10,472
NET BOOK VALUE
At 31 October 2023 1,900
At 31 October 2022 1,900

5. INVESTMENT PROPERTY

The director is of the opinion that the property investment value is fairly stated and not materially different to the recent acquisition cost and improvements currently in progress; and obtaining an independent valuation would not be cost effective. In addition, it is not depreciated, as the director is of the opinion that, it is maintained regularly, ensuring that its value is maintained at least at the amount of the acquisition cost plus ongoing refurbishments.

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE
YEARS
31.10.23 31.10.22
£    £   
Repayable by instalments
Bank loans more 5 yr by instal 215,076 221,644

7. SECURED DEBTS

The following secured debts are included within creditors:

31.10.23 31.10.22
£    £   
Bank loans 305,076 311,644

Freehold property investment - except for the £48,750 BBL loan all other loans are secured, being repaid over more than 15 years in instalments.

8. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.10.23 31.10.22
value: £    £   
1 Ordinary £1.00 1 1

9. ULTIMATE CONTROLLING PARTY

The ultimate controlling party is B Sadiq.

Chartered Accountants' Report to the Director
on the Unaudited Financial Statements of
Amazing Estates Limited

The following reproduces the text of the report prepared for the director in respect of the company's annual unaudited financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain other primary statements and the Report of the Director are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Amazing Estates Limited for the year ended 31 October 2023 which comprise the Statement of Income and Retained Earnings, Abridged Balance Sheet and the related notes from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the director of Amazing Estates Limited in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Amazing Estates Limited and state those matters that we have agreed to state to the director of Amazing Estates Limited in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amazing Estates Limited and its director for our work or for this report.

It is your duty to ensure that Amazing Estates Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of Amazing Estates Limited. You consider that Amazing Estates Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of Amazing Estates Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.






Nielsens
Chartered Accountants
The Gatehouse
453 Cranbrook Road
Ilford
Essex
IG2 6EW


27 August 2024