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Company Registration No. 11563096 (England and Wales)
Amado Homes Ltd Unaudited accounts for the year ended 31 August 2024
Amado Homes Ltd Unaudited accounts Contents
Page
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Amado Homes Ltd Company Information for the year ended 31 August 2024
Director
Natali Flamarique Amado
Company Number
11563096 (England and Wales)
Registered Office
45 St Winifreds Road Harrogate North Yorkshire HG2 8LW England
Accountants
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT
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Amado Homes Ltd Accountants' report
Accountants' report to the director of Amado Homes Ltd on the preparation of the unaudited statutory accounts for the year ended 31 August 2024
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Amado Homes Ltd for the year ended 31 August 2024 as set out on pages 5 - 8 from the company's accounting records and from information and explanations you have given us.
This report is made solely to the Board of Directors of Amado Homes Ltd, as a body, in accordance with the terms of our engagement. Our work has been undertaken solely to prepare for your approval the accounts of Amado Homes Ltd and state those matters that we have agreed to state to them, as a body, in this report. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Amado Homes Ltd and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Amado Homes Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Amado Homes Ltd. You consider that Amado Homes Ltd is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Amado Homes Ltd. 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 accounts.
RAE Business Services (Yorkshire) Limited First Floor 85 Great Portland Street London W1W 7LT 27 January 2025
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Amado Homes Ltd Statement of financial position as at 31 August 2024
2024 
2023 
Notes
£ 
£ 
Fixed assets
Investment property
838,000 
1,180,611 
Current assets
Debtors
925 
- 
Cash at bank and in hand
2,077 
1,451 
3,002 
1,451 
Creditors: amounts falling due within one year
(1,302,036)
(1,171,872)
Net current liabilities
(1,299,034)
(1,170,421)
Total assets less current liabilities
(461,034)
10,190 
Creditors: amounts falling due after more than one year
(123,790)
(123,791)
Net liabilities
(584,824)
(113,601)
Capital and reserves
Called up share capital
100 
100 
Revaluation reserve
(287,556)
81,797 
Profit and loss account
(297,368)
(195,498)
Shareholders' funds
(584,824)
(113,601)
For the year ending 31 August 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 31 January 2025 and were signed on its behalf by
Natali Flamarique Amado Director Company Registration No. 11563096
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Amado Homes Ltd Notes to the Accounts for the year ended 31 August 2024
1
Statutory information
Amado Homes Ltd is a private company, limited by shares, registered in England and Wales, registration number 11563096. The registered office is 45 St Winifreds Road, Harrogate, North Yorkshire, HG2 8LW, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
3
Accounting policies
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
Basis of preparation
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Presentation currency
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% on cost.
Investment property
Investment property is included at market fair value. Gains are recognised in the income statement. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.
Deferred taxation
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.
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Amado Homes Ltd Notes to the Accounts for the year ended 31 August 2024
4
Tangible fixed assets
Fixtures & fittings 
Computer equipment 
Total 
£ 
£ 
£ 
Cost or valuation
At cost 
At cost 
At 1 September 2023
2,239 
1,175 
3,414 
At 31 August 2024
2,239 
1,175 
3,414 
Depreciation
At 1 September 2023
2,239 
1,175 
3,414 
At 31 August 2024
2,239 
1,175 
3,414 
Net book value
At 31 August 2024
- 
- 
- 
5
Investment property
2024 
£ 
Fair value at 1 September 2023
1,180,611 
Additions
26,742 
Net loss from fair value adjustments
(369,353)
At 31 August 2024
838,000 
6
Debtors
2024 
2023 
£ 
£ 
Amounts falling due within one year
Other debtors
925 
- 
7
Creditors: amounts falling due within one year
2024 
2023 
£ 
£ 
Bank loans and overdrafts
799,937 
690,551 
Other creditors
343,581 
310,026 
Loans from directors
157,618 
159,686 
Accruals
900 
11,609 
1,302,036 
1,171,872 
8
Creditors: amounts falling due after more than one year
2024 
2023 
£ 
£ 
Bank loans
123,790 
123,791 
Aggregate of amounts that fall due for payment after five years
123,791 
123,791 
Included in long term creditors are bank loans secured on investment properties. Personal guarantees have been provided.
9
Transactions with related parties
Included in creditors is £221,868 (2023 - £222,368) owed to Amado Properties Limited, a related company. This loan is interest-free and repayable on demand.
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Amado Homes Ltd Notes to the Accounts for the year ended 31 August 2024
10
Average number of employees
During the year the average number of employees was 0 (2023: 0).
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