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Amora Limited

Annual Report and Unaudited Financial Statements

for the Year Ended 30 May 2024

Registration number: 07845003

 

Amora Limited

Contents

Statement of financial position

1 to 2

Notes to the Unaudited Financial Statements

3 to 7

 

Amora Limited

(Registration number: 07845003)
Statement of financial position as at 30 May 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

374

749

Investments

5

101

101

 

475

850

Current assets

 

Debtors

6

482,405

243,167

Cash at bank and in hand

 

1,717

42,012

 

484,122

285,179

Creditors: Amounts falling due within one year

7

(452,313)

(245,353)

Net current assets

 

31,809

39,826

Total assets less current liabilities

 

32,284

40,676

Creditors: Amounts falling due after more than one year

7

(25,411)

(30,410)

Net assets

 

6,873

10,266

Capital and reserves

 

Called up share capital

8

1

1

Retained earnings

6,872

10,265

Shareholders' funds

 

6,873

10,266

For the financial year ending 30 May 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Income statement.

 

Amora Limited

(Registration number: 07845003)
Statement of financial position as at 30 May 2024

Approved and authorised by the Board on 24 February 2025 and signed on its behalf by:
 

.........................................
Mr D Alonso
Director

 

Amora Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 May 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
Solo House
The Courtyard
London Road
Horsham
West Sussex
RH12 1AT

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tangible assets

Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

 

Amora Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 May 2024

Depreciation

Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:

Asset class

Depreciation method and rate

Office Equipment

25% Straight line

Business combinations

Business combinations are accounted for using the purchase method. The consideration for each acquisition is measured at the aggregate of the fair values at acquisition date of assets given, liabilities incurred or assumed, and equity instruments issued by the group in exchange for control of the acquired, plus any costs directly attributable to the business combination. When a business combination agreement provides for an adjustment to the cost of the combination contingent on future events, the group includes the estimated amount of that adjustment in the cost of the combination at the acquisition date if the adjustment is probable and can be measured reliably.

Investments

Investments in equity shares which are publicly traded or where the fair value can be measured reliably are initially measured at fair value, with changes in fair value recognised in profit or loss. Investments in equity shares which are not publicly traded and where fair value cannot be measured reliably are measured at cost less impairment.


Interest income on debt securities, where applicable, is recognised in income using the effective interest method. Dividends on equity securities are recognised in income when receivable.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the income statement over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

 

Amora Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 May 2024

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

4

Tangible assets

Furniture, fittings and equipment
 £

Total
£

Cost or valuation

At 31 May 2023

4,603

4,603

At 30 May 2024

4,603

4,603

Depreciation

At 31 May 2023

3,854

3,854

Charge for the year

375

375

At 30 May 2024

4,229

4,229

Carrying amount

At 30 May 2024

374

374

At 30 May 2023

749

749

 

Amora Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 May 2024

5

Investments

2024
£

2023
£

Investments in subsidiaries

101

101

Subsidiaries

£

Cost or valuation

At 31 May 2023

101

Carrying amount

At 30 May 2024

101

At 30 May 2023

101

6

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

362,405

143,167

Other debtors

 

120,000

100,000

   

482,405

243,167

 

Amora Limited

Notes to the Unaudited Financial Statements
for the Year Ended 30 May 2024

7

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

5,000

5,000

Trade creditors

 

1,699

465

Accruals and deferred income

 

1,205

1,500

Other creditors

 

444,409

238,388

 

452,313

245,353

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

25,411

30,410

8

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary of £1 each

1

1

1

1