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REGISTERED NUMBER: 08869615 (England and Wales)















Unaudited Financial Statements for the Year Ended 31 January 2024

for

Amaya Property Management Limited

Amaya Property Management Limited (Registered number: 08869615)






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


Amaya Property Management Limited

Company Information
for the Year Ended 31 January 2024







DIRECTOR: Mr H R Rupasinghe





REGISTERED OFFICE: 11 Station Road
Harlesden
NW10 4UJ





REGISTERED NUMBER: 08869615 (England and Wales)





ACCOUNTANTS: Underwood Green
Pinnacle House
1 Pinnacle Way
Derby
Derbyshire
DE24 8ZS

Amaya Property Management Limited (Registered number: 08869615)

Balance Sheet
31 January 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 4,490 5,613
Investments 5 100 100
Investment property 6 1,517,449 1,517,449
1,522,039 1,523,162

CURRENT ASSETS
Debtors 7 1,096,541 478,981
Cash at bank 111,031 36,681
1,207,572 515,662
CREDITORS
Amounts falling due within one year 8 14,653 15,186
NET CURRENT ASSETS 1,192,919 500,476
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,714,958

2,023,638

CREDITORS
Amounts falling due after more than one
year

9

(2,654,175

)

(1,905,074

)

PROVISIONS FOR LIABILITIES 11 (31,496 ) (31,496 )
NET ASSETS 29,287 87,068

CAPITAL AND RESERVES
Called up share capital 12 100 100
Non-
distributable
reserve 13 94,488 94,488
Retained earnings (65,301 ) (7,520 )
SHAREHOLDERS' FUNDS 29,287 87,068

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 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.

Amaya Property Management Limited (Registered number: 08869615)

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 director and authorised for issue on 31 October 2024 and were signed by:





Mr H R Rupasinghe - Director


Amaya Property Management Limited (Registered number: 08869615)

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

1. STATUTORY INFORMATION

Amaya Property Management 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 as modified by the revaluation of certain assets.

Turnover
Turnover represents rents receivable.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Fixtures and fittings - 20% on reducing balance

Investments in associates
Investments in associate undertakings are recognised at cost.

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.

A transfer is made from retained earnings to the non-distributable reserve for the amount of any market value surplus or deficit net of deferred tax provided.

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 1 (2023 - 1 ) .

Amaya Property Management Limited (Registered number: 08869615)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 February 2023
and 31 January 2024 10,996
DEPRECIATION
At 1 February 2023 5,383
Charge for year 1,123
At 31 January 2024 6,506
NET BOOK VALUE
At 31 January 2024 4,490
At 31 January 2023 5,613

5. FIXED ASSET INVESTMENTS
Interest
in
associate
£   
COST
At 1 February 2023
and 31 January 2024 100
NET BOOK VALUE
At 31 January 2024 100
At 31 January 2023 100

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 February 2023
and 31 January 2024 1,517,449
NET BOOK VALUE
At 31 January 2024 1,517,449
At 31 January 2023 1,517,449

Fair value at 31 January 2024 is represented by:
£   
Valuation in 2024 125,984
Cost 1,391,465
1,517,449

Amaya Property Management Limited (Registered number: 08869615)

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

6. INVESTMENT PROPERTY - continued

If the investment property had not been revalued it would have been included at the following historical cost:

2024 2023
£    £   
Cost 1,391,465 1,391,465

The investment property was valued on an open market basis on 31 January 2024 by the director, Mr H R Rupasinghe .

7. DEBTORS
2024 2023
£    £   
Amounts falling due within one year:
Trade debtors 1,250 1,250
Other debtors 5,000 7,816
Directors' current accounts 20,240 -
Prepayments and accrued income 2,051 1,915
28,541 10,981

Amounts falling due after more than one year:
Amounts owed by participating interests 1,068,000 468,000

Aggregate amounts 1,096,541 478,981

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 2,072 -
Tax - 343
Other creditors 7,899 9,099
Directors' current accounts - 1,030
Accruals and deferred income 4,682 4,714
14,653 15,186

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 1,039,913 1,030,812
Other loans 1,614,262 874,262
2,654,175 1,905,074

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank loans 1,039,913 1,030,812

Amaya Property Management Limited (Registered number: 08869615)

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

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 1,039,913 1,030,812

11. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax 31,496 31,496

Deferred
tax
£   
Balance at 1 February 2023 31,496
Balance at 31 January 2024 31,496

12. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

13. RESERVES
Non-
distributable
reserve
£   
At 1 February 2023
and 31 January 2024 94,488

14. DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2024 and 31 January 2023:

2024 2023
£    £   
Mr H R Rupasinghe
Balance outstanding at start of year - -
Amounts advanced 20,240 -
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 20,240 -

Interest was charged on the director's advances at HM Revenue & Customs official rate being 2.25% per annum.

The outstanding advances were repaid within nine months of the year end.