Acorah Software Products - Accounts Production 16.1.300 false true 30 June 2023 1 July 2022 false 1 July 2023 30 June 2024 30 June 2024 12061238 Mr Suleman Kamani Mr Atif Malik iso4217:GBP iso4217:EUR iso4217:USD xbrli:shares xbrli:pure xbrli:pure 12061238 2023-06-30 12061238 2024-06-30 12061238 2023-07-01 2024-06-30 12061238 frs-core:Non-currentFinancialInstruments 2024-06-30 12061238 frs-core:ShareCapital 2024-06-30 12061238 frs-core:RetainedEarningsAccumulatedLosses 2024-06-30 12061238 frs-bus:PrivateLimitedCompanyLtd 2023-07-01 2024-06-30 12061238 frs-bus:FilletedAccounts 2023-07-01 2024-06-30 12061238 frs-bus:SmallEntities 2023-07-01 2024-06-30 12061238 frs-bus:AuditExempt-NoAccountantsReport 2023-07-01 2024-06-30 12061238 frs-bus:SmallCompaniesRegimeForAccounts 2023-07-01 2024-06-30 12061238 frs-bus:Director1 2023-07-01 2024-06-30 12061238 frs-bus:Director1 2023-06-30 12061238 frs-bus:Director1 2024-06-30 12061238 frs-bus:Director2 2023-07-01 2024-06-30 12061238 frs-countries:EnglandWales 2023-07-01 2024-06-30 12061238 2022-06-30 12061238 2023-06-30 12061238 2022-07-01 2023-06-30 12061238 frs-core:Non-currentFinancialInstruments 2023-06-30 12061238 frs-core:ShareCapital 2023-06-30 12061238 frs-core:RetainedEarningsAccumulatedLosses 2023-06-30
Registered number: 12061238
AMS Trade GB Ltd
Unaudited Financial Statements
For The Year Ended 30 June 2024
Bennett Verby Limited
7 St Petersgate
Stockport
Cheshire
SK1 1EB
Contents
Page
Balance Sheet 1—2
Notes to the Financial Statements 3—4
Page 1
Balance Sheet
Registered number: 12061238
2024 2023
Notes £ £ £ £
FIXED ASSETS
Investment Properties 4 1,238,342 1,238,342
1,238,342 1,238,342
CURRENT ASSETS
Debtors 5 3,551 15,112
3,551 15,112
Creditors: Amounts Falling Due Within One Year 6 (897,237 ) (878,607 )
NET CURRENT ASSETS (LIABILITIES) (893,686 ) (863,495 )
TOTAL ASSETS LESS CURRENT LIABILITIES 344,656 374,847
Creditors: Amounts Falling Due After More Than One Year 7 (548,003 ) (547,167 )
NET LIABILITIES (203,347 ) (172,320 )
CAPITAL AND RESERVES
Called up share capital 8 100 100
Profit and Loss Account (203,447 ) (172,420 )
SHAREHOLDERS' FUNDS (203,347) (172,320)
Page 1
Page 2
For the year ending 30 June 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.
On behalf of the board
Mr Atif Malik
Director
21 March 2025
The notes on pages 3 to 4 form part of these financial statements.
Page 2
Page 3
Notes to the Financial Statements
1. General Information
AMS Trade GB Ltd is a private company, limited by shares, incorporated in England & Wales, registered number 12061238 . The registered office is Prospect House, Featherstall Road South, Oldham, OL9 6HL.
2. Accounting Policies
2.1. Basis of Preparation of Financial Statements
The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.
2.2. Investment Properties
All investment properties are carried at fair value determined annually 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 for. Changes in fair value are recognised in the profit and loss account.
3. Average Number of Employees
Average number of employees, including directors, during the year was: 2 (2023: 2)
2 2
4. Investment Property
2024
£
Fair Value
As at 1 July 2023 and 30 June 2024 1,238,342
5. Debtors
2024 2023
£ £
Due within one year
Other debtors 3,551 15,112
6. Creditors: Amounts Falling Due Within One Year
2024 2023
£ £
Other creditors 897,237 878,607
7. Creditors: Amounts Falling Due After More Than One Year
2024 2023
£ £
Bank loans 548,003 547,167
8. Share Capital
2024 2023
£ £
Allotted, Called up and fully paid 100 100
Page 3
Page 4
9. Directors Advances, Credits and Guarantees
Mr Atif Riaz Malik and Mr Suleman Kamani are considered to be a related parties by way of being the
shareholders and directors of AMS Trade GB Limited. Mr Atif Riaz Malik was owed £1,750 to the company and Mr
Suleman Kamani was owed £631,394 by the company.
As at 1 July 2023 Amounts advanced Amounts repaid Amounts written off As at 30 June 2024
£ £ £ £ £
Mr Atif Malik 50 - - - 50
The above loan is unsecured, interest free and repayable on demand.
10. Related Party Transactions
Included in other debtors are the following balances owed by individuals or companies that either have a
business relationship with or are either wholly or partially owned by Mr Atif Riaz Malik shareholder and
Director of AMS Trade GB Limited.
- Portfolio Lets UK Limited owed the company £3,501 (2023- £15,062).
Included in other creditors are the following balances owed by individuals or companies that either have a
business relationship with or are either wholly or partially owned by Mr Atif Riaz Malik shareholder and
Director of AMS Trade GB Limited.
- Last Seconds Manchester Limited was owed £6,704 (2023- £6,704).
- Venture Alliance Consultancy Limited was owed £Nil (2023- £1,374).
- Last Seconds UK Limited was owed £30,486 (2023- £36,326).
- A&S Mcr Limited was owed £26,453 (2023- £26,453).
- Northwest Property Manchester Limited was owed £37,516 (2023- £12,993).
- SSH Trading Limited was owed £144,207 (2023- £144,207).
- City UK Limited was owed £4,297 (2023- 4,297).
- Alex Hunt Estate Sales Limited was owed £4,297 (2023- £4,297).
- UK Investments PVT Limited was owed £5,763 (2023- £5,763).
Page 4