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REGISTERED NUMBER: 09522132 (England and Wales)










Financial Statements

for the Year Ended 30 April 2024

for

AMD Aspects Ltd

AMD Aspects Ltd (Registered number: 09522132)






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


AMD Aspects Ltd

Company Information
for the Year Ended 30 April 2024







DIRECTORS: A J Duncombe
M L Duncombe





SECRETARY: M L Duncombe





REGISTERED OFFICE: Oaklea House
46 Coatham Road
Redcar
Cleveland
TS10 1RS





REGISTERED NUMBER: 09522132 (England and Wales)





ACCOUNTANTS: SKS Bailey Group Limited
Oaklea House
46 Coatham Road
Redcar
TS10 1RS

AMD Aspects Ltd (Registered number: 09522132)

Balance Sheet
30 April 2024

2024 2023
Notes £    £   
FIXED ASSETS
Tangible assets 3 - 39
Investments 4 1,625 1,625
Investment property 5 345,000 345,000
346,625 346,664

CURRENT ASSETS
Debtors 6 22,494 12,882
Cash at bank - 36
22,494 12,918
CREDITORS: AMOUNTS FALLING DUE
WITHIN ONE YEAR

7

(56,524

)

(55,286

)
NET CURRENT LIABILITIES (34,030 ) (42,368 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

312,595

304,296

CREDITORS: AMOUNTS FALLING DUE
AFTER MORE THAN ONE YEAR

8

(223,907

)

(222,889

)

PROVISIONS FOR LIABILITIES (13,919 ) (13,919 )
NET ASSETS 74,769 67,488

CAPITAL AND RESERVES
Called up share capital 100 100
Fair value reserve 10 77,694 77,694
Retained earnings 10 (3,025 ) (10,306 )
74,769 67,488

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 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.

AMD Aspects Ltd (Registered number: 09522132)

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 Board of Directors and authorised for issue on 24 January 2025 and were signed on its behalf by:





A J Duncombe - Director


AMD Aspects Ltd (Registered number: 09522132)

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

1. 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 as modified by the revaluation of certain assets.

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.
Fixtures and fittings - 20% on cost

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.

2. EMPLOYEES AND DIRECTORS

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

AMD Aspects Ltd (Registered number: 09522132)

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

3. TANGIBLE FIXED ASSETS
Fixtures
and
fittings
£   
COST
At 1 May 2023
and 30 April 2024 8,671
DEPRECIATION
At 1 May 2023 8,632
Charge for year 39
At 30 April 2024 8,671
NET BOOK VALUE
At 30 April 2024 -
At 30 April 2023 39

4. FIXED ASSET INVESTMENTS
Interest
in joint
venture
£   
COST
At 1 May 2023
and 30 April 2024 1,625
NET BOOK VALUE
At 30 April 2024 1,625
At 30 April 2023 1,625

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 May 2023
and 30 April 2024 345,000
NET BOOK VALUE
At 30 April 2024 345,000
At 30 April 2023 345,000

Properties are required to be disclosed within the financial statements at fair value.

The valuation was made by directors on an open market value basis by reference to market evidence of transaction prices for similar properties. Deferred tax has been calculated on the revalued amounts and provided for within the financial statements.

AMD Aspects Ltd (Registered number: 09522132)

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

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 17,001 10,013
Tenant deposits - 2,272
Directors' current accounts 4,931 -
Prepayments and accrued income 562 597
22,494 12,882

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 1,024 998
Corporation tax 1,671 -
Other creditors 45,081 45,080
Directors' current accounts 7,872 8,398
Accrued expenses 876 810
56,524 55,286

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans - 1-2 years 1,121 1,023
Bank loans - 2-5 years - 1,121
Bank Loan - One Savings Bank
Plc 222,786 220,745
223,907 222,889

Amounts falling due in more than five years:

Repayable otherwise than by instalments
Bank Loan - One Savings Bank
Plc 222,786 220,745
222,786 220,745

Onesavings Bank PLC has a fixed charge over the company's assets dated 27 July 2017.
The full amount of the loan is due for repayment after more than five years.

AMD Aspects Ltd (Registered number: 09522132)

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

9. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 222,786 220,745

10. RESERVES

PROFIT AND LOSS RESERVES
The Profit and loss account comprises all current and prior period retained profit and losses after deducting any distributions made to the company's shareholders. This is a distributable reserve.

FAIR VALUE RESERVES
The Company uses the revaluation model for the measurement of its investment properties. The reserve records the revaluation surplus recognised less the related provision for deferred tax. This is a non distributable reserve.

11. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 30 April 2024 and 30 April 2023:

2024 2023
£    £   
M L Duncombe
Balance outstanding at start of year (2,041 ) (4,491 )
Amounts advanced 6,972 2,450
Amounts repaid - -
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year 4,931 (2,041 )