Caseware UK (AP4) 2023.0.135 2023.0.135 2024-03-302024-03-30false0441656832023-01-01falseThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.trueThe principal activity of the company is general property development3true 04416568 2023-01-01 2024-03-30 04416568 2022-01-01 2022-12-31 04416568 2024-03-30 04416568 2022-12-31 04416568 c:Director1 2023-01-01 2024-03-30 04416568 d:CurrentFinancialInstruments 2024-03-30 04416568 d:CurrentFinancialInstruments 2022-12-31 04416568 d:CurrentFinancialInstruments d:WithinOneYear 2024-03-30 04416568 d:CurrentFinancialInstruments d:WithinOneYear 2022-12-31 04416568 d:ShareCapital 2024-03-30 04416568 d:ShareCapital 2022-12-31 04416568 d:RetainedEarningsAccumulatedLosses 2024-03-30 04416568 d:RetainedEarningsAccumulatedLosses 2022-12-31 04416568 c:OrdinaryShareClass1 2023-01-01 2024-03-30 04416568 c:OrdinaryShareClass1 2024-03-30 04416568 c:FRS102 2023-01-01 2024-03-30 04416568 c:AuditExempt-NoAccountantsReport 2023-01-01 2024-03-30 04416568 c:FullAccounts 2023-01-01 2024-03-30 04416568 c:PrivateLimitedCompanyLtd 2023-01-01 2024-03-30 04416568 2 2023-01-01 2024-03-30 04416568 e:PoundSterling 2023-01-01 2024-03-30 xbrli:shares iso4217:GBP xbrli:pure
Registered number: 04416568














AMICREST LIMITED

 
UNAUDITED

FINANCIAL STATEMENTS

FOR THE PERIOD ENDED 30 MARCH 2024

 
AMICREST LIMITED
 

CONTENTS



Page
Balance sheet
 
1 - 2
Notes to the financial statements
 
3 - 6


 
AMICREST LIMITED
REGISTERED NUMBER:04416568

BALANCE SHEET
AS AT 30 MARCH 2024

30 March
31 December
2024
2022
Note
£
£

  

Current assets
  

Debtors: amounts falling due within one year
 4 
2
358,969

Cash at bank and in hand
 5 
-
806,633

  
2
1,165,602

Creditors: amounts falling due within one year
 6 
-
(1,411,486)

Net current assets/(liabilities)
  
 
 
2
 
 
(245,884)

Total assets less current liabilities
  
2
(245,884)

  

Net assets/(liabilities)
  
2
(245,884)


Capital and reserves
  

Called up share capital 
 7 
2
2

Profit and loss account
  
-
(245,886)

  
2
(245,884)


1

 
AMICREST LIMITED
REGISTERED NUMBER:04416568
    
BALANCE SHEET (CONTINUED)
AS AT 30 MARCH 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 period 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 profit and loss account 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 by: 





G Lee
Director

Date: 9 October 2024

The notes on pages 3 to 6 form part of these financial statements.

2

 
AMICREST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

1.


General information

The company is a private company limited by shares and is registered in England and Wales. The registered office is situated at Grove Lodge, 287 Regents Park Road, London, N3 3JY. 
The principal activity of the company is general property development.
The company ceased trading on 30 March 2024 and will be applying to the Registrar of Companies to be struck off.

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.
 
The preparation of financial statements in compliance with FRS 102 requires the use of certain critical accounting estimates. It also requires management to exercise judgement in applying the company's accounting policies.

The company's functional and presentational currency is pound sterling.

The following principal accounting policies have been applied:

 
2.2

Turnover

Turnover comprises:
a/ Gross rental income receivable from investment properties;
b/ The value of development stock and work in progress sold during the year; and
c/ Fees from management contracts.

Revenue from sales of investment and development properties are recognised on completion of contracts. Rental income is recognised when due. Any amounts received in advance or arrears are included in debtors or creditors as applicable.

Turnover is derived from activities undertaken in the United Kingdom.

 
2.3

Debtors

Short-term debtors are measured at transaction price, less any impairment.

 
2.4

Cash

Cash is represented by cash in hand and deposits with financial institutions repayable without penalty on notice of not more than 24 hours. The company holds no cash equivalents.
3

 
AMICREST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
2.5

Financial instruments

The company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as other debtors, trade creditors, other creditors and loans from related parties.
Debt instruments that are payable or receivable within one year, typically trade creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received.
Financial assets that are measured at cost and amortised cost are assessed at the end of each reporting period for objective evidence of impairment. If found, an impairment loss is recognised in the statement of comprehensive income.

 
2.6

Creditors

Short-term creditors are measured at the transaction price.

 
2.7

Pensions

Defined contribution pension plan

The company operates a defined contribution plan for its employees. A defined contribution plan is a pension plan under which the company pays fixed contributions into a separate entity. Once the contributions have been paid the company has no further payment obligations.

The contributions are recognised as an expense in profit or loss when they fall due. Amounts not paid are shown in accruals as a liability in the balance sheet. The assets of the plan are held separately from the company in independently administered funds.

 
2.8

 Interest income

Interest income is recognised in profit or loss using the effective interest method.

4

 
AMICREST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

2.Accounting policies (continued)

 
2.9

 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.

Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the balance sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and
Any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances have been met.

Deferred tax balances are not recognised in respect of permanent differences except in respect of business combinations, when deferred tax is recognised on the differences between the fair values of assets acquired and the future tax deductions available for them and the differences between the fair values of liabilities acquired and the amount that will be assessed for tax. Deferred tax is determined using tax rates and laws that have been enacted or substantively enacted by the balance sheet date.


3.


Employees

The average number of persons employed by the company (including directors) during the year was 3 (2022 - 3).


4.


Debtors

30 March
31 December
2024
2022
£
£


Other debtors
2
358,969



5.


Cash and cash equivalents

30 March
31 December
2024
2022
£
£

Cash at bank and in hand
-
806,633


5

 
AMICREST LIMITED
 
 
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 30 MARCH 2024

6.


Creditors: Amounts falling due within one year

30 March
31 December
2024
2022
£
£

Amounts owed to group undertakings
-
1,381,669

Other creditors
-
29,817

-
1,411,486



7.


Share capital

30 March
31 December
2024
2022
£
£
Allotted, called up and fully paid



2 Ordinary shares of £1 each
2
2


There is a single class of ordinary shares. There are no restrictions on the distribution of dividends and
the repayment of capital.


8.


Pension commitments

The company operated a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The pension cost charge represents contributions payable by the company to the fund and amounted to £1,460 (2022 -£1,123). There was £NIL (2022 - £NIL) outstanding at the balance sheet date.


9.


Related party transactions

The company has not disclosed transactions with other wholly owned group companies in accordance
with FRS 102 Section 1A paragraph 1AC.35.
At the year end, the company owed £NIL (2022 - £3,737) to the director. This was an interest free loan and is repayable on demand.

 
6