IRIS Accounts Production v24.3.2.46 12338644 director 1.5.23 30.4.24 30.4.24 false true false false true false Fair value model Ordinary 1.00000 iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh123386442023-04-30123386442024-04-30123386442023-05-012024-04-30123386442022-04-30123386442022-05-012023-04-30123386442023-04-3012338644ns15:EnglandWales2023-05-012024-04-3012338644ns14:PoundSterling2023-05-012024-04-3012338644ns10:Director12023-05-012024-04-3012338644ns10:PrivateLimitedCompanyLtd2023-05-012024-04-3012338644ns10:SmallEntities2023-05-012024-04-3012338644ns10:AuditExempt-NoAccountantsReport2023-05-012024-04-3012338644ns10:SmallCompaniesRegimeForDirectorsReport2023-05-012024-04-3012338644ns10:SmallCompaniesRegimeForAccounts2023-05-012024-04-3012338644ns10:FullAccounts2023-05-012024-04-3012338644ns10:OrdinaryShareClass12023-05-012024-04-3012338644ns10:RegisteredOffice2023-05-012024-04-3012338644ns5:CurrentFinancialInstruments2024-04-3012338644ns5:CurrentFinancialInstruments2023-04-3012338644ns5:Non-currentFinancialInstruments2024-04-3012338644ns5:Non-currentFinancialInstruments2023-04-3012338644ns5:ShareCapital2024-04-3012338644ns5:ShareCapital2023-04-3012338644ns5:RetainedEarningsAccumulatedLosses2024-04-3012338644ns5:RetainedEarningsAccumulatedLosses2023-04-3012338644ns5:CurrentFinancialInstrumentsns5:WithinOneYear2024-04-3012338644ns5:CurrentFinancialInstrumentsns5:WithinOneYear2023-04-3012338644ns10:OrdinaryShareClass12024-04-3012338644ns5:RetainedEarningsAccumulatedLosses2023-04-3012338644ns5:RetainedEarningsAccumulatedLosses2023-05-012024-04-30
REGISTERED NUMBER: 12338644 (England and Wales)















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2024

FOR

AMI RENTAL LIMITED

AMI RENTAL LIMITED (REGISTERED NUMBER: 12338644)

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 RENTAL LIMITED

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: 12338644 (England and Wales)





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

AMI RENTAL LIMITED (REGISTERED NUMBER: 12338644)

BALANCE SHEET
30 APRIL 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 1,350,367 1,350,367

CURRENT ASSETS
Debtors 5 151 91
Cash at bank 174 6,084
325 6,175
CREDITORS
Amounts falling due within one year 6 213,489 195,506
NET CURRENT LIABILITIES (213,164 ) (189,331 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,137,203

1,161,036

CREDITORS
Amounts falling due after more than one
year

7

1,151,619

1,151,619
NET (LIABILITIES)/ASSETS (14,416 ) 9,417

CAPITAL AND RESERVES
Called up share capital 9 1 1
Retained earnings 10 (14,417 ) 9,416
SHAREHOLDERS' FUNDS (14,416 ) 9,417

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 RENTAL LIMITED (REGISTERED NUMBER: 12338644)

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


1. STATUTORY INFORMATION

Ami Rental 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.

Going concern
Accounting standards require 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 positive reserves, cash balances and the ongoing support of the parent company.

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

Income
Income is recognised at the date of the invoice.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

AMI RENTAL LIMITED (REGISTERED NUMBER: 12338644)

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


2. ACCOUNTING POLICIES - continued

Debtors
Short term debtors are measured at transaction price, less any impairment.

Creditors
Short term creditors are measured at the transaction price.

Cash and Equivalents
Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known accounts of cash with no significant risk of change in value.

Financial instruments
The company only enters into basic financial instrument transactions that result in the recognition of the 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.

Financial reporting standard 102 - reduced disclosure exemptions
The company has taken advantage of the following disclosure exemptions in preparing these financial
statements, as permitted by the FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":
- the requirements of Section 7 Statement of Cash Flows;
- the requirements of Section 3 Financial Statement Presentation paragraph 3.17 (d);
- the requirements of Section 11 Financial Instruments paragraphs 11.39 to 11.48A

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 1,350,367
NET BOOK VALUE
At 30 April 2024 1,350,367
At 30 April 2023 1,350,367

The director has considered the value of the investment properties, and have deemed that no revaluation was required at the balance sheet date.

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 150 90
Called up share capital not paid 1 1
151 91

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Amounts owed to group undertakings 210,364 189,969
Corporation tax - 2,413
Accruals and deferred income 3,125 3,124
213,489 195,506

AMI RENTAL LIMITED (REGISTERED NUMBER: 12338644)

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


7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans (see note 8) 1,151,619 1,151,619

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 1,151,619 1,151,619

8. LOANS

An analysis of the maturity of loans is given below:

2024 2023
£    £   
Amounts falling due in more than five years:
Repayable by instalments
Bank loans more 5 yr by instal 1,151,619 1,151,619

The company has an existing interest only mortgage loan of £555,666, with interest being charged at 3.79% and repayable over 13 years. The loan is secured on the investment property at Plot 14, 13 Stockwood Meadow.

The company has an existing interest only mortgage loan of £595,781, with interest being charged at 3.54% and repayable over 12 years. The loan is secured on the investment property at Plot 15, 15 Stockwood Meadow.

9. CALLED UP SHARE CAPITAL

Allotted and issued:
Number: Class: Nominal 2024 2023
value: £    £   
1 Ordinary shares £1 1 1

10. RESERVES
Retained
earnings
£   

At 1 May 2023 9,416
Deficit for the year (23,833 )
At 30 April 2024 (14,417 )

11. RELATED PARTY DISCLOSURES

The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

12. ULTIMATE CONTROLLING PARTY

The company is controlled by AMI Structural Limited. The director believes that there is no ultimate controlling party.