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REGISTERED NUMBER: 10260808 (England and Wales)




















Financial Statements

for the Year Ended 31 July 2024

for

AMEDAR COMPANY LIMITED

AMEDAR COMPANY LIMITED (REGISTERED NUMBER: 10260808)






Contents of the Financial Statements
for the Year Ended 31 July 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMEDAR COMPANY LIMITED

Company Information
for the Year Ended 31 July 2024







DIRECTORS: Ms C C C Houng
D C B Lai





REGISTERED OFFICE: 143 Station Road
Hampton
Middlesex
TW12 2AL





REGISTERED NUMBER: 10260808 (England and Wales)





ACCOUNTANTS: Alvis & Company (Accountants) Limited
143 Station Road
Hampton
Middlesex
TW12 2AL

AMEDAR COMPANY LIMITED (REGISTERED NUMBER: 10260808)

Balance Sheet
31 July 2024

31.7.24 31.7.23
Notes £    £   
FIXED ASSETS
Tangible assets 4 - 643
Investment property 5 684,744 684,744
684,744 685,387

CURRENT ASSETS
Debtors 6 3,016 3,279
Cash at bank 7,517 17,821
10,533 21,100
CREDITORS
Amounts falling due within one year 7 (648,445 ) (640,532 )
NET CURRENT LIABILITIES (637,912 ) (619,432 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

46,832

65,955

CREDITORS
Amounts falling due after more than one
year

8

(278,604

)

(310,562

)
NET LIABILITIES (231,772 ) (244,607 )

CAPITAL AND RESERVES
Called up share capital 10 100 100
Retained earnings (231,872 ) (244,707 )
SHAREHOLDERS' FUNDS (231,772 ) (244,607 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

AMEDAR COMPANY LIMITED (REGISTERED NUMBER: 10260808)

Balance Sheet - continued
31 July 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 18 November 2024 and were signed on its behalf by:





Ms C C C Houng - Director


AMEDAR COMPANY LIMITED (REGISTERED NUMBER: 10260808)

Notes to the Financial Statements
for the Year Ended 31 July 2024

1. STATUTORY INFORMATION

Amedar Company 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.

Turnover
Turnover represents rental income from investment properties.

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 - Straight line over 3 years
Computer equipment - Straight line over 3 years

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.

3. EMPLOYEES AND DIRECTORS

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

AMEDAR COMPANY LIMITED (REGISTERED NUMBER: 10260808)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

4. TANGIBLE FIXED ASSETS
Fixtures
and Computer
fittings equipment Totals
£    £    £   
COST
At 1 August 2023
and 31 July 2024 8,683 4,228 12,911
DEPRECIATION
At 1 August 2023 8,683 3,585 12,268
Charge for year - 643 643
At 31 July 2024 8,683 4,228 12,911
NET BOOK VALUE
At 31 July 2024 - - -
At 31 July 2023 - 643 643

5. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 684,744
NET BOOK VALUE
At 31 July 2024 684,744
At 31 July 2023 684,744

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Other debtors 3,016 3,279

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.24 31.7.23
£    £   
Trade creditors - 989
Other creditors 648,445 639,543
648,445 640,532

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
31.7.24 31.7.23
£    £   
Bank loans 278,604 310,562

AMEDAR COMPANY LIMITED (REGISTERED NUMBER: 10260808)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2024

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR - continued
31.7.24 31.7.23
£    £   
Amounts falling due in more than five years:

Repayable otherwise than by instalments
The Mortgage Lender 134,950 134,953
Shawbrook loan 41,651 73,665
Keystone Property Finance 102,003 101,944
278,604 310,562

9. SECURED DEBTS

The following secured debts are included within creditors:

31.7.24 31.7.23
£    £   
Bank loans 278,605 310,562

The mortgage provided by Keystone Property Finance Limited is secured against the freehold interest in the land and property known as 104 Hyde Road, Denton, Manchester MM34 3BA by way of a fixed charge and negative pledge.

The mortgage provided by Shawbrook Bank Limited is secured against the freehold interest in the land and property known as 54 Greenleigh Court by way of a fixed charge and negative pledge.

The mortgage provided by The Mortgage Lender Limited is secured against the freehold interest in the land and property known as Apartment 423 Transmission House, 11 Tib Street, Manchester, M4 1AF by way of a negative pledge.

10. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.24 31.7.23
value: £    £   
100 Ordinary £1 100 100

11. GOING CONCERN

The Directors have a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus they continue to adopt the going concern basis in preparing the annual financial statements.