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Amountport Limited

Unaudited Financial Statements for the Year Ended 30 November 2023






Amountport Limited (Registered number: 03126664)






Contents of the Financial Statements
for the Year Ended 30 November 2023




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amountport Limited

Company Information
for the Year Ended 30 November 2023







DIRECTOR: G R Currie





SECRETARY: Mrs J Currie





REGISTERED OFFICE: 48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG





REGISTERED NUMBER: 03126664 (England and Wales)





ACCOUNTANTS: Matthews Sutton & Co Ltd
Chartered Certified Accountants
48 - 52 Penny Lane
Mossley Hill
Liverpool
Merseyside
L18 1DG

Amountport Limited (Registered number: 03126664)

Balance Sheet
30 November 2023

2023 2022
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 7,198 7,232
Investment property 5 4,600,000 4,600,000
4,607,198 4,607,232

CURRENT ASSETS
Debtors 6 133,749 133,749
Cash at bank 72,381 170,007
206,130 303,756
CREDITORS
Amounts falling due within one year 7 795,155 868,715
NET CURRENT LIABILITIES (589,025 ) (564,959 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,018,173

4,042,273

CREDITORS
Amounts falling due after more than one
year

8

(1,853,873

)

(1,867,534

)

PROVISIONS FOR LIABILITIES (473,968 ) (473,968 )
NET ASSETS 1,690,332 1,700,771

CAPITAL AND RESERVES
Called up share capital 2 2
Fair value reserve 10 1,421,901 1,421,901
Retained earnings 268,429 278,868
SHAREHOLDERS' FUNDS 1,690,332 1,700,771

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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.

Amountport Limited (Registered number: 03126664)

Balance Sheet - continued
30 November 2023


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 director and authorised for issue on 16 September 2024 and were signed by:





G R Currie - Director


Amountport Limited (Registered number: 03126664)

Notes to the Financial Statements
for the Year Ended 30 November 2023

1. STATUTORY INFORMATION

Amountport 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 as rents receivable excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is based on historic cost or valuation, less the estimated residual value and the estimated economic life of the asset concerned. Land & buildings are not depreciated.

Plant & machinery is depreciated at 15% on reducing balance.

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.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2022 - 3 ) .

4. TANGIBLE FIXED ASSETS
Plant and
Land and machinery
buildings etc Totals
£    £    £   
COST
At 1 December 2022
and 30 November 2023 7,000 8,763 15,763
DEPRECIATION
At 1 December 2022 - 8,531 8,531
Charge for year - 34 34
At 30 November 2023 - 8,565 8,565
NET BOOK VALUE
At 30 November 2023 7,000 198 7,198
At 30 November 2022 7,000 232 7,232

Amountport Limited (Registered number: 03126664)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 December 2022
and 30 November 2023 4,600,000
NET BOOK VALUE
At 30 November 2023 4,600,000
At 30 November 2022 4,600,000

Investment properties were valued using market data by the director on 30th November 2023.

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Other debtors 133,749 133,749

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2023 2022
£    £   
Bank loans and overdrafts 54,979 40,495
Trade creditors 1,895 2,326
Taxation and social security 14,112 30,799
Other creditors 724,169 795,095
795,155 868,715

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2023 2022
£    £   
Bank loans 1,853,873 1,867,534

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 676,728 676,728

Repayable by instalments
Bank loans 982,044 1,042,526

9. SECURED DEBTS

The following secured debts are included within creditors:

2023 2022
£    £   
Bank loans 1,908,852 1,908,029

Amountport Limited (Registered number: 03126664)

Notes to the Financial Statements - continued
for the Year Ended 30 November 2023

10. RESERVES
Fair
value
reserve
£   
At 1 December 2022
and 30 November 2023 1,421,901