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Registered Number: 12624411
England and Wales

 

 

 


Report of the Director and Unaudited Financial Statements

for the year ended 31 May 2024

for

AMARA CONCEPT LTD

 
 
Notes
 
2024
£
  2023
£
Fixed assets
Tangible fixed assets 2 772,500    354,951 
772,500    354,951 
Current assets
Debtors 3 1,919    3,567 
Cash at bank and in hand 4,316    4,126 
6,235    7,693 
Net current assets/(liabilities) 6,235    7,693 
 
Total assets less current liabilities 778,735    362,644 
Creditors: amount falling due after more than one year 4 (979,833)   (709,720)
Accrued liabilities (359)   (323)
Net assets/(liabilities) (201,457)   (347,399)
 

Capital and reserves
Called up share capital 1    1 
Reserves 5 137,549   
Profit and loss account 6 (339,007)   (347,400)
Shareholders fund (201,457)   (347,399)
 
For the year ended 31 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's Responsibilities:
  1. The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476 of the Companies Act 2006.
  2. The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime of Part 15 of the Companies Act 2006.
Signed on behalf of the board of directors:


----------------------------------
Victor Emeka Nweke
Director

Date approved: 12 February 2025
1
Statutory Information
AMARA CONCEPT LTD is a private limited company, limited by shares, domiciled in England and Wales, registration number 12624411, registration address 32 Windermere Close, Egham, TW20 8JR, England.

The presentation currency is £ sterling.
1.

Accounting Policies

Basis of accounting
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Financial Reporting Standard for Smaller Entities (effective January 2016).
2.

Tangible fixed assets

Cost or Valuation Freehold property   Total
  £   £
At 01 June 2023 354,951    354,951 
Additions 280,000    280,000 
Revaluations 137,549    137,549 
At 31 May 2024 772,500    772,500 
Depreciation
At 01 June 2023  
At 31 May 2024  
Net book values
Closing balance as at 31 May 2024 772,500    772,500 
Opening balance as at 01 June 2023 354,951    354,951 

3.

Debtors: amounts falling due within one year

2024
£
  2023
£
Vat 1,919    3,567 
1,919    3,567 
4.

Creditors: amount falling due after more than one year

2024
£
  2023
£
Mortgage loan - Precise Mortgages 220,500    300,500 
Loan - Landbay Partners 369,050   
Directors' loan accounts 390,283    409,220 
979,833    709,720 
5.

Reserves

2024
£
  2023
£
Revaluation of fixed assets 137,549   
137,549   
6.

Profit and loss account

  2024
£
Balance at 01 June 2023 (347,400)
Profit for the year 8,393 
Balance at 31 May 2024 (339,007)

7.

Average number of employees

Average number of employees during the year was 1  (2023: 1).
2