Registered number
12485053
Amaarat Holdings Limited
Filleted Accounts
29 February 2024
Amaarat Holdings Limited
Registered number: 12485053
Balance Sheet
as at 29 February 2024
Notes 2024 2023
£ £
Fixed assets
Investments 3 164,065 164,065
Current assets
Cash at bank and in hand 144,469 137,653
Creditors: amounts falling due within one year 4 (168,059) (167,090)
Net current liabilities (23,590) (29,437)
Total assets less current liabilities 140,475 134,628
Creditors: amounts falling due after more than one year 5 (122,017) (122,017)
Net assets 18,458 12,611
Capital and reserves
Called up share capital 6 6
Profit and loss account 18,452 12,605
Shareholders' funds 18,458 12,611
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Shahid Mir
Director
Approved by the board on 26 November 2024
Amaarat Holdings Limited
Notes to the Accounts
for the year ended 29 February 2024
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the letting of property. Turnover from property letting is recognised according to the period for which the rent is receivable.
Investment Property
Investment property is measured at fair value. Gains on fair value are recognised in the income statement and deferred tax is provided on these gains at the rate expected to apply when the property is sold.
Debtors
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts.
Creditors
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method.
Taxation
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. 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. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted.
2 Employees 2024 2023
Number Number
Average number of persons employed by the company 0 0
3 Investments
Other
investments
£
Cost
At 1 March 2023 164,065
At 29 February 2024 164,065
Historical cost
At 1 March 2023 164,065
At 29 February 2024 164,065
The directors have valued the investment property at £164,065 at the balance sheet date being the open market value of the property.
4 Creditors: amounts falling due within one year 2024 2023
£ £
Taxation and social security costs 1,372 1,243
Other creditors 166,687 165,847
168,059 167,090
5 Creditors: amounts falling due after one year 2024 2023
£ £
Bank loans 122,017 122,017
6 Loans 2024 2023
£ £
Creditors include:
Secured bank loans 122,017 122,017
The bank loan is secured by means of a charge over the investment properties and guarantees given by the directors.
7 Other information
Amaarat Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is:
27 Osborne Road
Hornchurch
RM11 1EX
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