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REGISTERED NUMBER: 05514678 (England and Wales)












Financial Statements

for the Year Ended 31st March 2024

for

AMBER ASSETS LIMITED

AMBER ASSETS LIMITED (REGISTERED NUMBER: 05514678)

Contents of the Financial Statements
for the year ended 31st March 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMBER ASSETS LIMITED

Company Information
for the year ended 31st March 2024







DIRECTORS: V Ricotta
F Ricotta
Mrs A Ricotta





SECRETARY: Mrs E Ricotta





REGISTERED OFFICE: 1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR





REGISTERED NUMBER: 05514678 (England and Wales)





ACCOUNTANTS: Attenboroughs (Accountants) Limited
Chartered Certified Accountants
1 Tower House
Tower Centre
Hoddesdon
Hertfordshire
EN11 8UR

AMBER ASSETS LIMITED (REGISTERED NUMBER: 05514678)

Balance Sheet
31st March 2024

31/3/24 31/3/23
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 4 2,896,835 2,897,392

CURRENT ASSETS
Debtors 5 90,198 22,599
Cash at bank 32,319 31,927
122,517 54,526
CREDITORS
Amounts falling due within one year 6 878,877 844,016
NET CURRENT LIABILITIES (756,360 ) (789,490 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,140,475

2,107,902

CREDITORS
Amounts falling due after more than one year 7 (465,691 ) (556,327 )

PROVISIONS FOR LIABILITIES (418 ) (424 )
NET ASSETS 1,674,366 1,551,151

CAPITAL AND RESERVES
Called up share capital 1,000 1,000
Retained earnings 1,673,366 1,550,151
SHAREHOLDERS' FUNDS 1,674,366 1,551,151

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

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

AMBER ASSETS LIMITED (REGISTERED NUMBER: 05514678)

Balance Sheet - continued
31st 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 Board of Directors and authorised for issue on 13th November 2024 and were signed on its behalf by:




F Ricotta - Director



V Ricotta - Director


AMBER ASSETS LIMITED (REGISTERED NUMBER: 05514678)

Notes to the Financial Statements
for the year ended 31st March 2024


1. STATUTORY INFORMATION

Amber Assets 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.

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 5 (2023 - 5 ) .

AMBER ASSETS LIMITED (REGISTERED NUMBER: 05514678)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


4. TANGIBLE FIXED ASSETS
Fixtures
Freehold Plant and and Computer
property machinery fittings equipment Totals
£    £    £    £    £   
COST
At 1st April 2023
and 31st March 2024 2,895,163 4,342 806 1,770 2,902,081
DEPRECIATION
At 1st April 2023 - 3,894 353 442 4,689
Charge for year - 112 113 332 557
At 31st March 2024 - 4,006 466 774 5,246
NET BOOK VALUE
At 31st March 2024 2,895,163 336 340 996 2,896,835
At 31st March 2023 2,895,163 448 453 1,328 2,897,392

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Other debtors 53,964 7,764
Related company - Amber Building Ltd 12,445 12,445
Related company - Amber Developments
(Bros) Ltd

21,795

-
Prepayments 1,994 2,390
90,198 22,599

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31/3/24 31/3/23
£    £   
Bank loans and overdrafts 77,278 48,692
Tax 41,256 16,208
Social security and other taxes 4,257 3,225
Other creditors 6,487 6,332
Related company - Amber Care Ltd 522,495 225,410
Directors' current accounts 224,344 541,389
Accrued expenses 2,760 2,760
878,877 844,016

AMBER ASSETS LIMITED (REGISTERED NUMBER: 05514678)

Notes to the Financial Statements - continued
for the year ended 31st March 2024


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31/3/24 31/3/23
£    £   
Bank loans - 1-2 years 83,491 -
Bank loans - 2-5 years 288,463 556,327
Bank loans more 5 yr by instal 93,737 -
465,691 556,327

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 93,737 -

8. SECURED DEBTS

The following secured debts are included within creditors:

31/3/24 31/3/23
£    £   
Bank loans 542,969 605,019

The above debt is secured by way of a legal charge over the company's freehold property.

9. ULTIMATE CONTROLLING PARTY

Is under the control of the directors