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REGISTERED NUMBER: 06075000 (England and Wales)







Unaudited Financial Statements for the Year Ended 31 March 2024

for

AMBO Developments Ltd

AMBO Developments Ltd (Registered number: 06075000)






Contents of the Financial Statements
for the Year Ended 31 March 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMBO Developments Ltd

Company Information
for the Year Ended 31 March 2024







DIRECTOR: Mr B D Walters





SECRETARY: Mr B D Walters





REGISTERED OFFICE: Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY





REGISTERED NUMBER: 06075000 (England and Wales)





ACCOUNTANTS: Dunkley's
Woodlands Grange
Woodlands Lane
Bradley Stoke
Bristol
United Kingdom
BS32 4JY

AMBO Developments Ltd (Registered number: 06075000)

Balance Sheet
31 March 2024

31.3.24 31.3.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 76
Investment property 5 1,215,000 1,205,000
1,215,000 1,205,076

CURRENT ASSETS
Debtors 6 6,770 53,949
Cash at bank 104,703 165,235
111,473 219,184
CREDITORS
Amounts falling due within one year 7 (67,224 ) (80,267 )
NET CURRENT ASSETS 44,249 138,917
TOTAL ASSETS LESS CURRENT LIABILITIES 1,259,249 1,343,993

CREDITORS
Amounts falling due after more than one year 8 (907,513 ) (909,991 )

PROVISIONS FOR LIABILITIES (86,838 ) (68,007 )
NET ASSETS 264,898 365,995

CAPITAL AND RESERVES
Called up share capital 10 50 62
Capital redemption reserve 11 (116,837 ) (75,962 )
Fair value reserve 11 469,562 498,973
Retained earnings 11 (87,877 ) (57,078 )
SHAREHOLDERS' FUNDS 264,898 365,995

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 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.

AMBO Developments Ltd (Registered number: 06075000)

Balance Sheet - continued
31 March 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 7 November 2024 and were signed by:





Mr B D Walters - Director


AMBO Developments Ltd (Registered number: 06075000)

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

1. STATUTORY INFORMATION

AMBO Developments Ltd 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 during the year.

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 - 25% 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.

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.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

AMBO Developments Ltd (Registered number: 06075000)

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

4. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 April 2023 3,869
Disposals (3,869 )
At 31 March 2024 -
DEPRECIATION
At 1 April 2023 3,793
Charge for year 19
Eliminated on disposal (3,812 )
At 31 March 2024 -
NET BOOK VALUE
At 31 March 2024 -
At 31 March 2023 76

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 April 2023 1,205,000
Additions 20,580
Revaluations (10,580 )
At 31 March 2024 1,215,000
NET BOOK VALUE
At 31 March 2024 1,215,000
At 31 March 2023 1,205,000

Fair value at 31 March 2024 is represented by:
£   
Valuation in 2015 66,440
Valuation in 2016 111,340
Valuation in 2018 99,200
Valuation in 2020 65,000
Valuation in 2021 3,000
Valuation in 2022 37,000
Valuation in 2023 185,000
Valuation in 2024 (10,580 )
Cost 658,600
1,215,000

AMBO Developments Ltd (Registered number: 06075000)

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

5. INVESTMENT PROPERTY - continued

If investment properties had not been revalued they would have been included at the following historical cost:

31.3.24 31.3.23
£    £   
Cost 658,600 638,021

Investment properties were valued on an open market basis on 31 March 2024 by the Director .

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Other debtors 6,770 17,550
Directors' current accounts - 25,975
Tax - 10,424
6,770 53,949

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans and overdrafts 2,500 2,500
Trade creditors 420 -
Tax - 3,018
Social security and other taxes 619 728
Other creditors 7,103 3,626
Directors' current accounts 47,585 68,217
Deferred income 6,597 -
Accrued expenses 2,400 2,178
67,224 80,267

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
31.3.24 31.3.23
£    £   
Bank loans - 1-2 years 2,500 2,500
Bank loans - 2-5 years 2,292 4,792
Mortgage more 5 yrs non-inst 902,721 902,699
907,513 909,991

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Mortgage more 5 yrs non-inst 902,721 902,699

AMBO Developments Ltd (Registered number: 06075000)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

31.3.24 31.3.23
£    £   
Bank loans 910,013 912,491

'Bank loans' include various mortgages which are secured against the properties to which they relate.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.3.24 31.3.23
value: £    £   
50 Ordinary £1 50 62

11. RESERVES
Capital Fair
Retained redemption value
earnings reserve reserve Totals
£    £    £    £   

At 1 April 2023 (57,078 ) (75,962 ) 498,973 365,933
Deficit for the year (60,210 ) (60,210 )
Purchase of own shares - (40,875 ) - (40,875 )
Movement in fair value 29,411 - (29,411 ) -
At 31 March 2024 (87,877 ) (116,837 ) 469,562 264,848

12. GOING CONCERN

The company is reliant on the support of its director and shareholders and having made appropriate enquiries, the director has considered the future cashflow of the company and is not aware of any reason why the company will not be able to meet its liabilities as they fall due for the foreseeable future. As a result the director has continued to adopt the going concern basis.