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REGISTERED NUMBER: 02411415 (England and Wales)














UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JULY 2024

FOR

AMAR ENTERPRISES LIMITED

AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AMAR ENTERPRISES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 JULY 2024







DIRECTORS: Mr S Jagsi
Mrs R Jagsi





SECRETARY: Mrs R Jagsi





REGISTERED OFFICE: 261 Edgwarebury Lane
Edgware
Middlesex
HA8 8QL





REGISTERED NUMBER: 02411415 (England and Wales)





ACCOUNTANTS: David Simon Limited
Chartered Certified Accountants
5 Jardine House
Harrovian Business Village
Bessborough Road
Harrow
Middlesex
HA1 3EX

AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)

STATEMENT OF FINANCIAL POSITION
31 JULY 2024

2024 2023
Notes £    £    £   
FIXED ASSETS
Tangible assets 4 - 25
Investments 5 250 250
Investment property 6 1,022,082 1,022,082
1,022,332 1,022,357

CURRENT ASSETS
Debtors 7 97,750 92,900
Cash at bank 9,811 16,758
107,561 109,658
CREDITORS
Amounts falling due within one year 8 509,143 542,090
NET CURRENT LIABILITIES (401,582 ) (432,432 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

620,750

589,925

CREDITORS
Amounts falling due after more than one
year

9

401,204

425,158
NET ASSETS 219,546 164,767

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings 219,446 164,667
SHAREHOLDERS' FUNDS 219,546 164,767

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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.

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 25 April 2025 and were signed on its behalf by:




Mr S Jagsi - Director


AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JULY 2024

1. STATUTORY INFORMATION

Amar Enterprises 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 presentation currency of the financial statements is the Pound Sterling (£).


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 the cost less estimated residual value of each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

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 statement of financial position date.

Fixed asset investments
Interest in subsidiaries, associates and jointly controlled entities are initially measured at cost and subsequently measured at cost less any accumulated impairment losses. The investments are assessed for impairment at each reporting date and any impairment losses or reversals or impairment losses are recognised immediately in profit or loss.

Restatement of comparatives
The comparative figures in the balance sheet have been restated as a result of a correction of a prior period error. There has been no change to the previously reported profit for the year.

3. EMPLOYEES AND DIRECTORS

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

AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

4. TANGIBLE FIXED ASSETS
Plant and
machinery
etc
£   
COST
At 1 August 2023 3,116
Disposals (3,116 )
At 31 July 2024 -
DEPRECIATION
At 1 August 2023 3,091
Eliminated on disposal (3,091 )
At 31 July 2024 -
NET BOOK VALUE
At 31 July 2024 -
At 31 July 2023 25

5. FIXED ASSET INVESTMENTS
Other
investments
£   
COST
At 1 August 2023
and 31 July 2024 250
NET BOOK VALUE
At 31 July 2024 250
At 31 July 2023 250

The value of investment above is stated at par.

6. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 August 2023
and 31 July 2024 1,022,082
NET BOOK VALUE
At 31 July 2024 1,022,082
At 31 July 2023 1,022,082

No changes in fair value of investment property from last year as per the directors.

7. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Other debtors 97,750 92,900

AMAR ENTERPRISES LIMITED (REGISTERED NUMBER: 02411415)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 JULY 2024

8. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2024 2023
£    £   
Bank loans and overdrafts 23,954 23,217
Other creditors 485,189 518,873
509,143 542,090

9. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2024 2023
£    £   
Bank loans 401,204 425,158

10. SECURED DEBTS

The following secured debts are included within creditors:

2024 2023
£    £   
Bank loans 425,158 448,375

The bank loan is secured on the investment property by way of a fixed and floating charge and contains a negative pledge.

11. RELATED PARTY TRANSACTION

Included in other debtors is an amount of £Nil (2023: £650) advanced to companies in which the directors have an interest. Also included in other debtors is an amount of £91,750 (2023: £92,250) advanced to a company in which Amar Enterprises Limited has an interest.

Included in other creditors is an amount of £346,500 (2023: £346,500) advanced from a company in which the directors have an interest.