REGISTERED NUMBER: |
Amore Property Management Limited |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
REGISTERED NUMBER: |
Amore Property Management Limited |
Unaudited Financial Statements |
for the Year Ended 30 September 2024 |
Amore Property Management Limited (Registered number: 14068501) |
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 |
Amore Property Management Limited |
Company Information |
for the Year Ended 30 September 2024 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
9 Ainslie Place |
Edinburgh |
Midlothian |
EH3 6AT |
BANKERS: |
Cottons Centre |
Cottons Lane |
London |
SE1 2QG |
Amore Property Management Limited (Registered number: 14068501) |
Balance Sheet |
30 September 2024 |
2024 | 2023 |
Notes | £ | £ |
CURRENT ASSETS |
Debtors | 4 |
Cash at bank and in hand |
CREDITORS |
Amounts falling due within one year | 5 |
NET CURRENT ASSETS |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CAPITAL AND RESERVES |
Called up share capital |
Retained earnings |
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. |
Amore Property Management Limited (Registered number: 14068501) |
Balance Sheet - continued |
30 September 2024 |
The financial statements were approved by the Board of Directors and authorised for issue on |
Amore Property Management Limited (Registered number: 14068501) |
Notes to the Financial Statements |
for the Year Ended 30 September 2024 |
1. | STATUTORY INFORMATION |
Amore Property Management Limited is a |
2. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
Turnover and revenue recognition |
Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised. |
Rendering of services |
Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied: |
- the amount of revenue can be measured reliably |
- it is probable that the company will receive the consideration due under contract |
- the stage of completion of the contract at the end of the reporting period can be measured reliably |
- the costs incurred and the costs to complete the contract can be measured reliably. |
Financial instruments |
The company only has financial assets and financial liabilities of a kind that qualify as basic financial instruments. Basic financial instruments are initially recognised at transaction value and subsequently measured at their settlement value. |
All loans with related parties are all repayable on demand. |
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. |
Amore Property Management Limited (Registered number: 14068501) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
2. | ACCOUNTING POLICIES - continued |
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. |
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 |
4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Amounts owed by group undertakings |
Other debtors |
5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2024 | 2023 |
£ | £ |
Trade creditors |
Amounts owed to group undertakings |
Taxation and social security |
Other creditors |
Amore Property Management Limited (Registered number: 14068501) |
Notes to the Financial Statements - continued |
for the Year Ended 30 September 2024 |
6. | RELATED PARTY DISCLOSURES |
Amore Property Management Limited is a subsidiary of Seonaid Johnston Interiors Limited. During the year, the company repaid £700 to Seonaid Johnston Interiors Limited. The balance of £496 (2023: £204 due to Seonaid Johnston Interiors Limited) was due from Seonaid Johnston Interiors Limited on 30 September 2024. |
During the year, there were sales totalling £95,580 (2023: £46,366) from Rock House Associates Limited whose registered office is Calder & Co, 30 Orange Street, London, United Kingdom, WC2H 7HF and of which Mr N J Johnston and Mrs S F L Johnston are directors and shareholders. |
During the year, there were sales totalling £19,765 (2023: £7,751) from The Polchar, a property owned by Mrs S F L Johnston. |
During the year, there were sales totalling £1,274 (2023: £Nil) from Old School, a property owned by Mr Amore. |
7. | ULTIMATE CONTROLLING PARTY |
The controlling party is Mrs S F L Johnston. |
Amore Property Management Limited is a subsidiary of Seonaid Johnston Interiors Limited, a company registered in England and whose registered office is 30 Orange Street, London, United Kingdom, WC2H 7HF. |