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REGISTERED NUMBER: 13999037 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

AMI GREYFRIARS LTD

AMI GREYFRIARS LTD (REGISTERED NUMBER: 13999037)

CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 3


AMI GREYFRIARS LTD

COMPANY INFORMATION
FOR THE YEAR ENDED 30 APRIL 2024







DIRECTOR: P M Barling-Gasson





REGISTERED OFFICE: The Old Court House
North Trade Road
Battle
East Sussex
TN33 0EX





REGISTERED NUMBER: 13999037 (England and Wales)





ACCOUNTANTS: Crowe U.K. LLP
2nd Floor
Medway Bridge House
1-8 Fairmeadow
Maidstone
Kent
ME14 1JP

AMI GREYFRIARS LTD (REGISTERED NUMBER: 13999037)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £   
CURRENT ASSETS
Stocks 1,257,365 861,538
Cash in hand 100 100
1,257,465 861,638
CREDITORS
Amounts falling due within one year 4 1,444,495 966,846
NET CURRENT LIABILITIES (187,030 ) (105,208 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

(187,030

)

(105,208

)

CAPITAL AND RESERVES
Called up share capital 6 100 100
Retained earnings 7 (187,130 ) (105,308 )
SHAREHOLDERS' FUNDS (187,030 ) (105,208 )

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 her 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 director and authorised for issue on 21 January 2025 and were signed by:





P M Barling-Gasson - Director


AMI GREYFRIARS LTD (REGISTERED NUMBER: 13999037)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2024


1. STATUTORY INFORMATION

Ami Greyfriars 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.

Going concern
Accounting standards requires the director to consider the appropriateness of the going concern basis when preparing the financial statements. The director confirms that she considers that the going concern basis remains appropriate. The director believes that the company has sufficient resources to continue in operational existence for the foreseeable future. The director believes this to be the case as the company has the support of the director.

Thus, she continues to adopt the going concern basis of accounting in preparing the annual financial statements.

Stocks
Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

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.

Financial instruments
The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities like trade and other accounts receivable and payable, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

Creditors
Short term creditors are measured at the transaction price.

3. EMPLOYEES AND DIRECTORS

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

4. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other creditors 1,444,495 966,846

AMI GREYFRIARS LTD (REGISTERED NUMBER: 13999037)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 APRIL 2024


5. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due within one year or on demand:
Other loans 956,927 629,983

Loans includes advances from Paragon Development Finance Limited which is repayable on demand but in any event repayable 20 months from the drawdown as per the terms of the loan being no later than 6th February 2025 (the "Final Repayment Date").

Interest will accrue daily on the total balance outstanding under the facility at the interest rate. The interest rate is for each interest period, the percentage rate per annum, determined by the lender to be the aggregate of:

1. the Margin Rate being 4% per annum; and
2. the Bank of England Base Rate.

The loan is secured by the the borrower’s assets and undertakings.

6. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2024 2023
value: £    £   
100 Ordinary £1 100 100

7. RESERVES
Retained
earnings
£   

At 1 May 2023 (105,308 )
Deficit for the year (81,822 )
At 30 April 2024 (187,130 )

8. RELATED PARTY DISCLOSURES

At the balance sheet date, the company owed £484,829 (2023: £334,323) to a company under common control, AMI Structural Limited. This amount is included in creditors due within one year, is interest free and has no repayment terms attached.

9. ULTIMATE CONTROLLING PARTY

The controlling party is P M Barling-Gasson.