Caseware UK (AP4) 2023.0.135 2023.0.135 2024-05-312024-05-31The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.true02023-06-010falsetrue 09054269 2023-06-01 2024-05-31 09054269 2022-06-01 2023-05-31 09054269 2024-05-31 09054269 2023-05-31 09054269 c:Director3 2023-06-01 2024-05-31 09054269 d:FreeholdInvestmentProperty 2023-06-01 2024-05-31 09054269 d:FreeholdInvestmentProperty 2024-05-31 09054269 d:FreeholdInvestmentProperty 2023-05-31 09054269 d:CurrentFinancialInstruments 2024-05-31 09054269 d:CurrentFinancialInstruments 2023-05-31 09054269 d:CurrentFinancialInstruments d:WithinOneYear 2024-05-31 09054269 d:CurrentFinancialInstruments d:WithinOneYear 2023-05-31 09054269 d:ShareCapital 2024-05-31 09054269 d:ShareCapital 2023-05-31 09054269 d:RetainedEarningsAccumulatedLosses 2024-05-31 09054269 d:RetainedEarningsAccumulatedLosses 2023-05-31 09054269 c:FRS102 2023-06-01 2024-05-31 09054269 c:AuditExempt-NoAccountantsReport 2023-06-01 2024-05-31 09054269 c:FullAccounts 2023-06-01 2024-05-31 09054269 c:PrivateLimitedCompanyLtd 2023-06-01 2024-05-31 iso4217:GBP xbrli:pure
Registered number: 09054269













AMEG Developments Ltd

Financial statements
Information for filing with the registrar

31 May 2024




 
AMEG Developments Ltd


Balance sheet
At 31 May 2024

2024
2023
Note
£
£

Fixed assets
  

Investment property
 4 
1,250,308
1,183,104

  
1,250,308
1,183,104

Current assets
  

Debtors
 5 
21,671
21,751

Cash at bank and in hand
  
1
12

  
21,672
21,763

Creditors: amounts falling due within one year
 6 
(1,544,985)
(1,473,678)

Net current liabilities
  
 
 
(1,523,313)
 
 
(1,451,915)

Total assets less current liabilities
  
(273,005)
(268,811)

  

Net liabilities
  
(273,005)
(268,811)


Capital and reserves
  

Called up share capital 
  
1
1

Profit and loss account
  
(273,006)
(268,812)

Shareholders' deficit
  
(273,005)
(268,811)


1

 
AMEG Developments Ltd

    
Balance sheet (continued)
At 31 May 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 on 13 February 2025.




J Flynn
Director

Company registered number: 09054269
The notes on pages 3 to 4 form part of these financial statements. 

2

 
AMEG Developments Ltd
 
 

Notes to the financial statements
Year ended 31 May 2024

1.


General information

The company is a private company limited by shares, registered and domiciled in England and Wales. The address of the regsitered office is Suite 7a Lakeland Business Park, Lamplugh Road, Cockermouth, Cumbria, CA13 0QT.

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 Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

  
2.2

Going concern

The financial statements are prepared on the going concern basis. The company has the continued financial support from its directors and related companies under the same/similar control who have indicated a willingness to continue to support to enable the company to meet its current obligations as they become due. No material uncertainties that cast doubt about the ability of the company to continue as a going concern have been identified by the directors.

 
2.3

Taxation

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 balance sheet date in the countries where the company operates and generates income.

 
2.4

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided and changes in fair value are recognised in profit or loss.

 
2.5

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.


3.


Employees

The average monthly number of employees, including directors, during the year was 3 (2023 - 3).

3

 
AMEG Developments Ltd
 
 

Notes to the financial statements
Year ended 31 May 2024

4.


Investment property


Investment property

£



Valuation


At 1 June 2023
1,183,104


Additions at cost
67,204



At 31 May 2024
1,250,308

Investment property is under construction and is stated at cost. The directors feel that this accurately reflects the market value of work done to date.





5.


Debtors

2024
2023
£
£


Other debtors
21,671
21,751

21,671
21,751



6.


Creditors: amounts falling due within one year

2024
2023
£
£

Amounts owed to group undertakings
1,542,105
1,467,578

Accruals and deferred income
2,880
6,100

1,544,985
1,473,678


Included in amounts owed to group undertakings is a loan of £1,342,395 from LGA Developments Limited which is secured over the investment property development.

 
4