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REGISTERED NUMBER: 10400520 (England and Wales)















Financial Statements for the Year Ended 30 September 2024

for

Ambassador Enterprise (Kent) Limited

Ambassador Enterprise (Kent) Limited (Registered number: 10400520)






Contents of the Financial Statements
for the Year Ended 30 September 2024




Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


Ambassador Enterprise (Kent) Limited

Company Information
for the Year Ended 30 September 2024







DIRECTORS: A S Dosanjh
K Dosanjh





REGISTERED OFFICE: Dane John Works
Gordon Road
Canterbury
CT1 3PP





REGISTERED NUMBER: 10400520 (England and Wales)





ACCOUNTANTS: A.K & Co (Accountancy Services) Ltd
19 Victoria Terrace
Hove
East Sussex
BN3 2WB

Ambassador Enterprise (Kent) Limited (Registered number: 10400520)

Balance Sheet
30 September 2024

2024 2023
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 2,140,000 2,140,000

CURRENT ASSETS
Cash at bank 60,810 46,645

CREDITORS
Amounts falling due within one year 5 568,256 568,917
NET CURRENT LIABILITIES (507,446 ) (522,272 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,632,554

1,617,728

CREDITORS
Amounts falling due after more than one
year

6

(1,303,371

)

(1,323,399

)

PROVISIONS FOR LIABILITIES (29,581 ) (29,581 )
NET ASSETS 299,602 264,748

CAPITAL AND RESERVES
Called up share capital 50 50
Revaluation reserve 8 126,107 126,107
Retained earnings 173,445 138,591
299,602 264,748

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2024 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Ambassador Enterprise (Kent) Limited (Registered number: 10400520)

Balance Sheet - continued
30 September 2024


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 24 March 2025 and were signed on its behalf by:




K Dosanjh - Director



A S Dosanjh - Director


Ambassador Enterprise (Kent) Limited (Registered number: 10400520)

Notes to the Financial Statements
for the Year Ended 30 September 2024

1. STATUTORY INFORMATION

Ambassador Enterprise (Kent) Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 2 ) .

Ambassador Enterprise (Kent) Limited (Registered number: 10400520)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 October 2023
and 30 September 2024 2,140,000
NET BOOK VALUE
At 30 September 2024 2,140,000
At 30 September 2023 2,140,000

5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 29,626 27,638
Taxation and social security 8,151 10,800
Other creditors 530,479 530,479
568,256 568,917

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2024 2023
£    £   
Bank loans 67,681 90,537
Other creditors 1,235,690 1,232,862
1,303,371 1,323,399

Amounts falling due in more than five years:

Repayable by instalments
Bank loans more 5 yr by instal 8,429 7,624

7. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 97,307 118,175

8. RESERVES
Revaluation
reserve
£   
At 1 October 2023
and 30 September 2024 126,107

Ambassador Enterprise (Kent) Limited (Registered number: 10400520)

Notes to the Financial Statements - continued
for the Year Ended 30 September 2024

9. DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to directors subsisted during the years ended 30 September 2024 and 30 September 2023:

2024 2023
£    £   
K Dosanjh and A S Dosanjh
Balance outstanding at start of year (1,232,862 ) (1,224,855 )
Amounts advanced 9,742 1,620
Amounts repaid (12,570 ) (9,627 )
Amounts written off - -
Amounts waived - -
Balance outstanding at end of year (1,235,690 ) (1,232,862 )

10. ULTIMATE CONTROLLING PARTY

The company is under the joint control of the directors, A and K Dosanjh.