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REGISTERED NUMBER: 03711064 (England and Wales)









Unaudited Financial Statements

for the Year Ended 30 June 2024

for

AMARIZ LIMITED

AMARIZ LIMITED (REGISTERED NUMBER: 03711064)

Contents of the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


AMARIZ LIMITED

Company Information
FOR THE YEAR ENDED 30 JUNE 2024







DIRECTOR: A J Turner





SECRETARY: A J Turner





REGISTERED OFFICE: Imperial House
1 Harley Place
Clifton
Bristol
BS8 3JT





REGISTERED NUMBER: 03711064 (England and Wales)





ACCOUNTANTS: Gravita
Chartered Accountants
Bath House
6 - 8 Bath Street
Bristol
BS1 6HL

AMARIZ LIMITED (REGISTERED NUMBER: 03711064)

Balance Sheet
30 JUNE 2024

2024 2023
Notes £    £   
FIXED ASSETS
Intangible assets 4 28,399 37,865
Tangible assets 5 95,092 65,471
Investments 6 2,194,034 1,098,464
2,317,525 1,201,800

CURRENT ASSETS
Debtors 7 57,272 76,421
Cash at bank 1,524,738 2,622,375
1,582,010 2,698,796
CREDITORS
Amounts falling due within one year 8 (479,763 ) (566,575 )
NET CURRENT ASSETS 1,102,247 2,132,221
TOTAL ASSETS LESS CURRENT
LIABILITIES

3,419,772

3,334,021

PROVISIONS FOR LIABILITIES (48,495 ) (25,117 )
NET ASSETS 3,371,277 3,308,904

CAPITAL AND RESERVES
Called up share capital 50 50
Capital redemption reserve 50 50
Fair value reserve 7,843 26,005
Retained earnings 3,363,334 3,282,799
SHAREHOLDERS' FUNDS 3,371,277 3,308,904

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

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

The director acknowledges her 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.

AMARIZ LIMITED (REGISTERED NUMBER: 03711064)

Balance Sheet - continued
30 JUNE 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 Profit and loss account has not been delivered.

The financial statements were approved and authorised for issue by the director and authorised for issue on 28 March 2025 and were signed by:





A J Turner - Director


AMARIZ LIMITED (REGISTERED NUMBER: 03711064)

Notes to the Financial Statements
FOR THE YEAR ENDED 30 JUNE 2024


1. COMPANY INFORMATION

Amariz 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.

The company's principal activities and nature of its operations are disclosed in the Directors' Report.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" ("FRS 102") and the requirements of the Companies Act 2006.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.

Going concern
The financial statements have been prepared on a going concern basis. The directors have reviewed and considered relevant information including annual budgets and future cash-flows in making their assessment.

Related party exemption
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland', not to disclose related party transactions with wholly owned subsidiaries within the group.

Turnover
Turnover is measured at the fair value of the consideration received or receivable and represents amounts receivable for services provided in the normal course of business.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Computer software is being amortised evenly over its estimated useful life of five years.

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

Fixtures, fittings & equip - 25% on reducing balance

Fixed asset investments
Fixed asset investments are stated at Fair Value and deferred tax is recognised on the movement in value at the prevailing tax rate.

Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.

AMARIZ LIMITED (REGISTERED NUMBER: 03711064)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Cash and cash equivalents
Cash and cash equivalents include cash in hand, deposits held at call with banks and other short-term liquid investments with original maturities of three months or less.

Financial instruments
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets
Basic financial assets, which include trade and other debtors, amounts due from group undertakings and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost. Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled, or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to another party that is able to sell the asset in its entirety to an unrelated third party.

Basic financial liabilities
Basic financial liabilities, including trade and other creditors and amounts due to group undertakings are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Debt instruments are subsequently carried at amortised cost, using the effective interest rate method. Financial liabilities are derecognised when, and only when, the company's contractual obligations are discharged, cancelled, or they expire.

Taxation
Taxation for the year comprises current and deferred tax. Tax is recognised in the Profit and loss account, 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.

AMARIZ LIMITED (REGISTERED NUMBER: 03711064)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


2. ACCOUNTING POLICIES - continued

Foreign currencies
Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits
The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2023 - 3 ) .

4. INTANGIBLE FIXED ASSETS
Other
intangible
assets
£   
COST
At 1 July 2023
and 30 June 2024 47,331
AMORTISATION
At 1 July 2023 9,466
Charge for year 9,466
At 30 June 2024 18,932
NET BOOK VALUE
At 30 June 2024 28,399
At 30 June 2023 37,865

AMARIZ LIMITED (REGISTERED NUMBER: 03711064)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


5. TANGIBLE FIXED ASSETS
Fixtures,
fittings
& equip
£   
COST
At 1 July 2023 212,351
Additions 51,912
At 30 June 2024 264,263
DEPRECIATION
At 1 July 2023 146,880
Charge for year 22,291
At 30 June 2024 169,171
NET BOOK VALUE
At 30 June 2024 95,092
At 30 June 2023 65,471

6. FIXED ASSET INVESTMENTS
Shares in
group Other
undertakings investments Totals
£    £    £   
COST OR VALUATION
At 1 July 2023 55,801 1,042,663 1,098,464
Additions - 1,001,000 1,001,000
Revaluations - 94,570 94,570
At 30 June 2024 55,801 2,138,233 2,194,034
NET BOOK VALUE
At 30 June 2024 55,801 2,138,233 2,194,034
At 30 June 2023 55,801 1,042,663 1,098,464

AMARIZ LIMITED (REGISTERED NUMBER: 03711064)

Notes to the Financial Statements - continued
FOR THE YEAR ENDED 30 JUNE 2024


6. FIXED ASSET INVESTMENTS - continued

Cost or valuation at 30 June 2024 is represented by:

Shares in
group Other
undertakings investments Totals
£    £    £   
Valuation in 2022 - 323 323
Valuation in 2023 - 34,673 34,673
Valuation in 2024 - 94,570 94,570
Cost 55,801 2,008,667 2,064,468
55,801 2,138,233 2,194,034

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 8,619 1,600
Tax - 25,332
Prepayments 48,653 49,489
57,272 76,421

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Trade creditors 394 2,006
Amounts owed to group undertakings 41,850 41,850
Social security and other taxes 1,652 -
Amount due to insurers 190,740 215,865
Amounts due to clients 165,737 193,509
Pensions control account 1,353 1,173
Directors' current accounts 15,362 15,280
Accrued expenses 62,675 96,892
479,763 566,575