Caseware UK (AP4) 2023.0.135 2023.0.135 2024-04-302024-04-302023-05-01falseNo description of principal activity912truetrueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.false 07971186 2023-05-01 2024-04-30 07971186 2022-05-01 2023-04-30 07971186 2024-04-30 07971186 2023-04-30 07971186 c:Director1 2023-05-01 2024-04-30 07971186 d:OfficeEquipment 2023-05-01 2024-04-30 07971186 d:OfficeEquipment 2024-04-30 07971186 d:OfficeEquipment 2023-04-30 07971186 d:OfficeEquipment d:OwnedOrFreeholdAssets 2023-05-01 2024-04-30 07971186 d:CurrentFinancialInstruments 2024-04-30 07971186 d:CurrentFinancialInstruments 2023-04-30 07971186 d:CurrentFinancialInstruments d:WithinOneYear 2024-04-30 07971186 d:CurrentFinancialInstruments d:WithinOneYear 2023-04-30 07971186 d:UKTax 2023-05-01 2024-04-30 07971186 d:UKTax 2022-05-01 2023-04-30 07971186 d:ShareCapital 2024-04-30 07971186 d:ShareCapital 2023-04-30 07971186 d:RetainedEarningsAccumulatedLosses 2024-04-30 07971186 d:RetainedEarningsAccumulatedLosses 2023-04-30 07971186 d:AcceleratedTaxDepreciationDeferredTax 2024-04-30 07971186 d:AcceleratedTaxDepreciationDeferredTax 2023-04-30 07971186 d:RetirementBenefitObligationsDeferredTax 2024-04-30 07971186 d:RetirementBenefitObligationsDeferredTax 2023-04-30 07971186 c:OrdinaryShareClass1 2023-05-01 2024-04-30 07971186 c:OrdinaryShareClass1 2024-04-30 07971186 c:OrdinaryShareClass1 2023-04-30 07971186 c:FRS102 2023-05-01 2024-04-30 07971186 c:AuditExemptWithAccountantsReport 2023-05-01 2024-04-30 07971186 c:FullAccounts 2023-05-01 2024-04-30 07971186 c:PrivateLimitedCompanyLtd 2023-05-01 2024-04-30 07971186 2 2023-05-01 2024-04-30 07971186 e:PoundSterling 2023-05-01 2024-04-30 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 07971186










AMRO PROPERTY MANAGEMENT LIMITED








UNAUDITED

FINANCIAL STATEMENTS

INFORMATION FOR FILING WITH THE REGISTRAR

FOR THE YEAR ENDED 30 APRIL 2024

 
AMRO PROPERTY MANAGEMENT LIMITED
 
  
CHARTERED ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS ON THE PREPARATION OF THE UNAUDITED STATUTORY FINANCIAL STATEMENTS OF AMRO PROPERTY MANAGEMENT LIMITED
 
FOR THE YEAR ENDED 30 APRIL 2024

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Amro Property Management Limited for the year ended 30 April 2024 which comprise  the Statement of Financial Position and the related notes from the Company's accounting records and from information and explanations you have given to us.
 

As a member firm of the Institute of Chartered Accountants in England and Wales (ICAEW)we are subject to its ethical and other professional requirements which are detailed at icaew.com/regulation.


This report is made solely to the Board of Directors of Amro Property Management Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Amro Property Management Limited and state those matters that we have agreed to state to them in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amro Property Management Limited and its Board of Directors, as a body, for our work or for this report.
 
 
It is your duty to ensure that Amro Property Management Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the Company's assets, liabilities, financial position and profit. You consider that Amro Property Management Limited is exempt from the statutory audit requirement for the year.
 
 
We have not been instructed to carry out an audit or review of the financial statements of Amro Property Management Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.





Price Bailey LLP
 
Chartered Accountants
  
Dashwood House
69 Old Broad Street
London
EC2M 1QS

30 January 2025
Page 1

 
AMRO PROPERTY MANAGEMENT LIMITED
REGISTERED NUMBER: 07971186

STATEMENT OF FINANCIAL POSITION
AS AT 30 APRIL 2024

2024
2023
Note
£
£

Fixed assets
  

Tangible assets
 5 
173
1,202

  
173
1,202

Current assets
  

Debtors due within 1 year
  
601,162
483,863

Bank and cash balances
  
285,865
250,871

  
887,027
734,734

Creditors: Amounts Falling Due Within One Year
 7 
(727,232)
(625,963)

Net current assets
  
 
 
159,795
 
 
108,771

Total assets less current liabilities
  
159,968
109,973

Provisions for liabilities
  

Deferred Taxation
 8 
129
(142)

  
 
 
129
 
 
(142)

Net assets
  
160,097
109,831


Capital and reserves
  

Called up share capital 
 9 
2
2

Profit and loss account
  
160,095
109,829

  
160,097
109,831

Page 2

 
AMRO PROPERTY MANAGEMENT LIMITED
REGISTERED NUMBER: 07971186

STATEMENT OF FINANCIAL POSITION (CONTINUED)
AS AT 30 APRIL 2024

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of comprehensive income in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf by: 




Mr R V Kotecha
Director

Date: 28 January 2025

The notes on pages 4 to 9 form part of these financial statements.

Page 3

 
AMRO PROPERTY MANAGEMENT LIMITED
 

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

1.


General information

Amro Property Management Limited is a private company limited by shares incorporated in England and Wales within the United Kingdom. The address of the registered office is 24 Berkeley Square, Mayfair, London, W1J 6HE and the registered number is 07971186.

2.Accounting policies

 
2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. The disclosure requirements of Section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The following principal accounting policies have been applied:

 
2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:
the amount of revenue can be measured reliably;
it is probable that the Company will receive the consideration due under the contract;
the stage of completion of the contract at the end of the reporting period can be measured reliably; and
the costs incurred and the costs to complete the contract can be measured reliably.

 
2.3

Foreign currency translation

Functional and presentation currency

The Company's functional and presentational currency is GBP.

Transactions and balances

Foreign currency transactions are translated into the functional currency using the spot exchange rates at the dates of the transactions.

At each period end foreign currency monetary items are translated using the closing rate. Non-monetary items measured at historical cost are translated using the exchange rate at the date of the transaction and non-monetary items measured at fair value are measured using the exchange rate when fair value was determined.

Foreign exchange gains and losses resulting from the settlement of transactions and from the translation at period-end exchange rates of monetary assets and liabilities denominated in foreign currencies are recognised in profit or loss except when deferred in other comprehensive income as qualifying cash flow hedges.

Page 4

 
AMRO PROPERTY MANAGEMENT LIMITED
 

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

2.Accounting policies (continued)

 
2.4

Interest income

Interest income is recognised in profit or loss using the effective interest method.

 
2.5

Current and deferred taxation

The tax expense for the year comprises current and deferred tax. Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the Company operates and generates income.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the reporting date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the reporting date.


 
2.6

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment
-
33%
straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

Page 5

 
AMRO PROPERTY MANAGEMENT LIMITED
 

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

2.Accounting policies (continued)

 
2.7

Pensions

Defined contribution pension plan

The Company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the Company pays fixed contributions into a separate entity. Once the contributions have been paid the Company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the Statement of Financial Position. The assets of the plan are held separately from the Company in independently administered funds.

 
2.8

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

 
2.9

Cash and cash 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 amounts of cash with insignificant risk of change in value.

 
2.10

Creditors

Short-term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

 
2.11

Provisions for liabilities

Provisions are recognised when an event has taken place that gives rise to a legal or constructive obligation, a transfer of economic benefits is probable and a reliable estimate can be made.
Provisions are measured as the best estimate of the amount required to settle the obligation, taking into account the related risks and uncertainties.
 
Deferred tax liabilities are also presented within provisions but are measured in accordance with the accounting policy on taxation.
 
Increases in provisions are generally charged as an expense to profit or loss.

 
2.12

Dividends

Equity dividends are recognised when they become legally payable. Interim equity dividends are recognised when paid. Final equity dividends are recognised when approved by the shareholders at an annual general meeting.
Page 6

 
AMRO PROPERTY MANAGEMENT LIMITED
 

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

3.


Employees

The average monthly number of employees, including directors, during the year was 9 (2023 - 12).


4.


Taxation


2024
2023
£
£

Corporation tax


Current tax on profits for the year

17,008
12,655


Deferred tax


Origination and reversal of timing differences

(271)
(639)


Tax on profit
16,737
12,016









Page 7

 
AMRO PROPERTY MANAGEMENT LIMITED
 

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

5.


Tangible fixed assets





Office equipment

£



Cost or valuation


At 1 May 2023
6,548



At 30 April 2024

6,548



Depreciation


At 1 May 2023
5,346


Charge for the year on owned assets
1,029



At 30 April 2024

6,375



Net book value



At 30 April 2024
173



At 30 April 2023
1,202


6.


Debtors

2024
2023
£
£



Trade debtors
21,347
39,522

Other debtors
579,815
444,341

601,162
483,863


7.


Creditors: Amounts falling due within one year

2024
2023
£
£

Trade creditors
22,596
21,766

Corporation tax
17,219
12,070

Other taxation and social security
11,184
5,638

Other creditors
676,233
586,489

727,232
625,963


Page 8

 
AMRO PROPERTY MANAGEMENT LIMITED
 

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

8.


Deferred taxation




2024


£






At beginning of year
(142)


Charged to profit or loss
271



At end of year
129

The deferred taxation balance is made up as follows:

2024
2023
£
£


Accelerated capital allowances
(43)
(301)

Pension surplus
172
159

129
(142)


9.


Share capital

2024
2023
£
£
Allotted, called up and fully paid



2 (2023 - 2) Ordinary shares of £1.00 each
2
2



10.


Related party transactions

During the year, Amro Real Estate Partners Limited, a company under common control, recharged remuneration of £296,570 to Amro Property Management Limited (2023: £290,600). 
As at 30 April 2024, the balance due to Amro Real Estate Partners Limited was £116,666 (2023: £100,052 owed to Amro Real Estate Partners Limited). 
The balance is interest free and repayable on demand.


Page 9