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REGISTERED NUMBER: 08050078 (England and Wales)















Unaudited Financial Statements for the Year Ended 30 April 2024

for

Amer Properties Limited

Amer Properties Limited (Registered number: 08050078)






Contents of the Financial Statements
for the Year Ended 30 April 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Amer Properties Limited

Company Information
for the Year Ended 30 April 2024







DIRECTOR: P A MacCarthy





REGISTERED OFFICE: Berkhamsted House
121 High Street
Berkhamsted
Hertfordshire
HP4 2DJ





REGISTERED NUMBER: 08050078 (England and Wales)





ACCOUNTANTS: Tessa Davidson Limited
The Ashridge Business Centre
121 High Street
Berkhamsted
Hertfordshire
HP4 2DJ

Amer Properties Limited (Registered number: 08050078)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 4 31,682 47,943

CURRENT ASSETS
Stocks 3,166,994 3,135,147
Debtors 5 407 6,836
Cash at bank 9,230 4,500
3,176,631 3,146,483
CREDITORS
Amounts falling due within one year 6 (858,152 ) (662,962 )
NET CURRENT ASSETS 2,318,479 2,483,521
TOTAL ASSETS LESS CURRENT
LIABILITIES

2,350,161

2,531,464

CREDITORS
Amounts falling due after more than one
year

7

(2,201,611

)

(2,253,286

)

PROVISIONS FOR LIABILITIES 9 (7,921 ) (11,986 )
NET ASSETS 140,629 266,192

CAPITAL AND RESERVES
Called up share capital 10 1 1
Retained earnings 140,628 266,191
SHAREHOLDERS' FUNDS 140,629 266,192

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 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.

Amer Properties Limited (Registered number: 08050078)

Balance Sheet - continued
30 April 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 30 November 2024 and were signed by:





P A MacCarthy - Director


Amer Properties Limited (Registered number: 08050078)

Notes to the Financial Statements
for the Year Ended 30 April 2024

1. STATUTORY INFORMATION

Amer 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.

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.
Plant and machinery etc - 25% on cost

Stocks
Stock, comprising of properties under development and available for sale, is valued at the lower of costs incurred on their development, and sale value, less costs to complete and sell.

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 ) .

Amer Properties Limited (Registered number: 08050078)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
£   
COST
At 1 May 2023 232,285
Additions 15,000
Disposals (31,090 )
At 30 April 2024 216,195
DEPRECIATION
At 1 May 2023 184,342
Charge for year 31,261
Eliminated on disposal (31,090 )
At 30 April 2024 184,513
NET BOOK VALUE
At 30 April 2024 31,682
At 30 April 2023 47,943

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 407 6,836

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 6,098 21,650
Taxation and social security 54,914 86,496
Other creditors 797,140 554,816
858,152 662,962

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Other creditors 2,201,611 2,253,286

8. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Freehold land 2,171,344 2,170,975

Fixed charges are in place over the development land and properties, in favour of the major lenders to the company.

Amer Properties Limited (Registered number: 08050078)

Notes to the Financial Statements - continued
for the Year Ended 30 April 2024

9. PROVISIONS FOR LIABILITIES
2024 2023
£    £   
Deferred tax
Accelerated capital allowances 7,921 11,986

Deferred
tax
£   
Balance at 1 May 2023 11,986
Provided during year (4,065 )
Balance at 30 April 2024 7,921

10. CALLED UP SHARE CAPITAL

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

11. LOANS FOR EXISTING DEVELOPMENTS

All creditors due after more than one year relate to loans in relation to existing property developments.