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REGISTERED NUMBER: 11910883 (England and Wales)


















FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2024

FOR

AMBIANCE HOLDINGS LIMITED

AMBIANCE HOLDINGS LIMITED (REGISTERED NUMBER: 11910883)

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


AMBIANCE HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JANUARY 2024







DIRECTORS: C J Teggin
B E J Teggin





REGISTERED OFFICE: Unit 2
4 Falkland Close
Coventry
West Midlands
CV4 8AU





REGISTERED NUMBER: 11910883 (England and Wales)





ACCOUNTANTS: TGFP
Chartered Accountants
Fulford House
Newbold Terrace
Leamington Spa
Warwickshire
CV32 4EA

AMBIANCE HOLDINGS LIMITED (REGISTERED NUMBER: 11910883)

BALANCE SHEET
31 JANUARY 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 307,262 314,875
Investment property 5 291,143 -
598,405 314,875

CURRENT ASSETS
Debtors 6 1,880 -
Investments 7 2 2
Cash at bank 37,530 35,383
39,412 35,385
CREDITORS
Amounts falling due within one year 8 23,532 49,214
NET CURRENT ASSETS/(LIABILITIES) 15,880 (13,829 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

614,285

301,046

CREDITORS
Amounts falling due after more than one
year

9

196,912

205,612
NET ASSETS 417,373 95,434

CAPITAL AND RESERVES
Called up and paid share capital 2 2
Retained earnings 417,371 95,432
417,373 95,434

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.

AMBIANCE HOLDINGS LIMITED (REGISTERED NUMBER: 11910883)

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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 30 October 2024 and were signed on its behalf by:





B E J Teggin - Director


AMBIANCE HOLDINGS LIMITED (REGISTERED NUMBER: 11910883)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2024


1. STATUTORY INFORMATION

Ambiance Holdings 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.

The presentation currency of the financial statements is the Pound Sterling (£).


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.

Preparation of consolidated financial statements
The financial statements contain information about Ambiance Holdings Limited as an individual company and do not contain consolidated financial information as the parent of a group. The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to prepare consolidated financial statements.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.
Land and buildings - Straight line over 45 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.

Financial instruments
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not amortised.

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.


AMBIANCE HOLDINGS LIMITED (REGISTERED NUMBER: 11910883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


2. ACCOUNTING POLICIES - continued
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.

Going concern
The financial statements have been prepared on the going concern concept. This assumes that the company will achieve a profitable level of trading and will continue to enjoy the support of its bankers and creditors. The financial statements do not account for any adjustments that would be required if the company was unable to achieve these objectives.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2023 - 2 ) .

4. TANGIBLE FIXED ASSETS
Land and
buildings
£   
COST
At 1 February 2023
and 31 January 2024 342,568
DEPRECIATION
At 1 February 2023 27,693
Charge for year 7,613
At 31 January 2024 35,306
NET BOOK VALUE
At 31 January 2024 307,262
At 31 January 2023 314,875

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 291,143
At 31 January 2024 291,143
NET BOOK VALUE
At 31 January 2024 291,143

AMBIANCE HOLDINGS LIMITED (REGISTERED NUMBER: 11910883)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JANUARY 2024


6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed by group undertakings 1,880 -

7. CURRENT ASSET INVESTMENTS
2024 2023
£    £   
Shares in group undertakings 2 2

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 19,971 19,971
Amounts owed to group undertakings - 28,218
Taxation and social security 2,241 -
Other creditors 1,320 1,025
23,532 49,214

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 196,912 205,612

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 117,029 205,612

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 216,883 225,583

National Westminster Bank plc hold a fixed charge over the Land and Buildings in Falkland Close, Charter Avenue Industrial Estate, Coventry, West Midlands dated 13 May 2019.