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REGISTERED NUMBER: 09459093 (England and Wales)










A & M PROPERTIES LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 29 FEBRUARY 2024






A & M PROPERTIES LIMITED (REGISTERED NUMBER: 09459093)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


A & M PROPERTIES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 29 FEBRUARY 2024







DIRECTORS: Mrs M A Hindocha
Mr A L Hindocha





REGISTERED OFFICE: Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB





REGISTERED NUMBER: 09459093 (England and Wales)





ACCOUNTANTS: Shah & Co (Accountants) Ltd
Chartered Certified Accountants
Cash's Business Centre
1st Floor
228 Widdrington Road
Coventry
West Midlands
CV1 4PB

A & M PROPERTIES LIMITED (REGISTERED NUMBER: 09459093)

BALANCE SHEET
29 FEBRUARY 2024

29.2.24 28.2.23
Notes £    £   
FIXED ASSETS
Investment property 4 195,000 195,000

CURRENT ASSETS
Debtors 5 100 2,508
Cash at bank 7,583 10,883
7,683 13,391
CREDITORS
Amounts falling due within one
year

6

(13,886

)

(205,289

)
NET CURRENT LIABILITIES (6,203 ) (191,898 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

188,797

3,102

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 7 188,697 3,002
SHAREHOLDERS' FUNDS 188,797 3,102

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 29 February 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 29 February 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.

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 22 November 2024 and were signed on its behalf by:





Mr A L Hindocha - Director


A & M PROPERTIES LIMITED (REGISTERED NUMBER: 09459093)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 29 FEBRUARY 2024

1. STATUTORY INFORMATION

A & M Properties 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.

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.

3. EMPLOYEES AND DIRECTORS

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

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 March 2023
and 29 February 2024 195,000
NET BOOK VALUE
At 29 February 2024 195,000
At 28 February 2023 195,000

A & M PROPERTIES LIMITED (REGISTERED NUMBER: 09459093)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 29 FEBRUARY 2024

4. INVESTMENT PROPERTY - continued

Based on the directors estimated valuation, who are not independent nor professionally qualified valuers, the
carrying value of the property is a close approximation of the fair value based on the area where it is situated

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Trade debtors - 2,408
Other debtors 100 100
100 2,508

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
29.2.24 28.2.23
£    £   
Taxation and social security 11,678 8,960
Other creditors 2,208 196,329
13,886 205,289

7. RESERVES
Retained
earnings
£   

At 1 March 2023 3,002
Profit for the year 206,695
Dividends (21,000 )
At 29 February 2024 188,697

8. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

Included in other creditors is an amount due to the directors of £ 407 (2023: £ 189). This loan is interest free and repayable on demand.

9. RELATED PARTY DISCLOSURES

During the year, total dividends of £21,000 were paid to the directors .

Included in other creditors is £ nil (2023: £195,000) which represents monies owed for the purchase of investment property from A & M Pharmacies Ltd, a company owned and controlled by the directors.

10. ULTIMATE CONTROLLING PARTY

The controlling party is Mr AL & Mrs MA Hindocha.