IRIS Accounts Production v25.1.0.734 15063986 director 10.8.23 31.8.24 31.8.24 0 false true false false true false Fair value model iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pureutr:tonnesutr:kWh150639862023-08-09150639862024-08-31150639862023-08-102024-08-31150639862023-08-0915063986ns15:EnglandWales2023-08-102024-08-3115063986ns14:PoundSterling2023-08-102024-08-3115063986ns10:Director12023-08-102024-08-3115063986ns10:PrivateLimitedCompanyLtd2023-08-102024-08-3115063986ns10:SmallEntities2023-08-102024-08-3115063986ns10:AuditExempt-NoAccountantsReport2023-08-102024-08-3115063986ns10:SmallCompaniesRegimeForDirectorsReport2023-08-102024-08-3115063986ns10:SmallCompaniesRegimeForAccounts2023-08-102024-08-3115063986ns10:FullAccounts2023-08-102024-08-3115063986ns10:RegisteredOffice2023-08-102024-08-3115063986ns5:CurrentFinancialInstruments2024-08-3115063986ns5:Non-currentFinancialInstruments2024-08-3115063986ns5:ShareCapital2024-08-3115063986ns5:RevaluationReserve2024-08-3115063986ns5:RetainedEarningsAccumulatedLosses2024-08-3115063986ns5:DeferredTaxation2023-08-102024-08-3115063986ns5:DeferredTaxation2024-08-31
REGISTERED NUMBER: 15063986 (England and Wales)















A M RILEY PROPERTIES LTD

UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 10 AUGUST 2023 TO 31 AUGUST 2024






A M RILEY PROPERTIES LTD (REGISTERED NUMBER: 15063986)

CONTENTS OF THE FINANCIAL STATEMENTS
for the period 10 August 2023 to 31 August 2024










Page

Company Information 1

Balance Sheet 2

Notes to the Financial Statements 4


A M RILEY PROPERTIES LTD

COMPANY INFORMATION
for the period 10 August 2023 to 31 August 2024







DIRECTOR: A M Riley





REGISTERED OFFICE: 16 Conway Crescent
Meltham
Holmfirth
HD9 4HS





REGISTERED NUMBER: 15063986 (England and Wales)





ACCOUNTANTS: SMH Sheards
Vernon House
40 New North Road
Huddersfield
West Yorkshire
HD1 5LS

A M RILEY PROPERTIES LTD (REGISTERED NUMBER: 15063986)

BALANCE SHEET
31 August 2024

Notes £   
FIXED ASSETS
Investment property 4 140,000

CURRENT ASSETS
Cash at bank and in hand 1,345

CREDITORS
Amounts falling due within one year 5 (51,548 )
NET CURRENT LIABILITIES (50,203 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

89,797

CREDITORS
Amounts falling due after more than one year 6 (86,250 )

PROVISIONS FOR LIABILITIES 8 (1,340 )
NET ASSETS 2,207

CAPITAL AND RESERVES
Called up share capital 1
Revaluation reserve 9 5,713
Retained earnings (3,507 )
2,207

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

The members have not required the company to obtain an audit of its financial statements for the period ended 31 August 2024 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

A M RILEY PROPERTIES LTD (REGISTERED NUMBER: 15063986)

BALANCE SHEET - continued
31 August 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 director and authorised for issue on 9 May 2025 and were signed by:





A M Riley - Director


A M RILEY PROPERTIES LTD (REGISTERED NUMBER: 15063986)

NOTES TO THE FINANCIAL STATEMENTS
for the period 10 August 2023 to 31 August 2024


1. STATUTORY INFORMATION

A M Riley Properties Ltd 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 as modified by the revaluation of certain assets.

The director has indicated their willingness to support the company during its formative years, hence the director continues to adopt the going concern basis.

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

Turnover is derived from rental income which is recognised on an accrual basis.

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.

Financial instruments
Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument.

Basic financial assets, which include trade and other debtors, and cash and bank balances, are initially measured at transaction price including transaction costs.

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at each balance sheet date, with any impairment losses being recognised in profit or loss. If there is a decrease in the impairment loss arising from an event accruing after the impairment was recognised, the impairment is reversed in profit or loss.

Financial liabilities are classified depending on the substance of the contractual arrangements entered into.

Basic financial liabilities, including trade and other creditors, bank loans, and accruals, are initially recognised at transaction price.

Debt instruments are subsequently measured at amortised cost using the effective interest method.

Financial assets and liabilities are derecognised when the company's contractual obligations are settled, cancelled or they expire.


A M RILEY PROPERTIES LTD (REGISTERED NUMBER: 15063986)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 10 August 2023 to 31 August 2024


2. ACCOUNTING POLICIES - continued
Taxation
Taxation for the period 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 period 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 period was NIL.

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
Additions 132,947
Revaluations 7,053
At 31 August 2024 140,000
NET BOOK VALUE
At 31 August 2024 140,000

Fair value at 31 August 2024 is represented by:
£   
Valuation in 2024 140,000

If the property had not been revalued it would have been included at the following historical cost:

£   
Cost 132,947

Investment property was valued on an open market basis on 31 August 2024 by the director .

A M RILEY PROPERTIES LTD (REGISTERED NUMBER: 15063986)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 10 August 2023 to 31 August 2024


5. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
£   
Other creditors 51,548

6. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
£   
Bank loans 86,250

Amounts falling due in more than five years:

Repayable by instalments
Mortgage 86,250

7. SECURED DEBTS

The following secured debts are included within creditors:

£   
Mortgages 86,250

The mortgages are secured by the property that the mortgage relates to.

8. PROVISIONS FOR LIABILITIES
£   
Deferred tax 1,340

Deferred
tax
£   
Provided during period 1,340
Balance at 31 August 2024 1,340

9. RESERVES
Revaluation
reserve
£   
Non distributable reserves 7,053
Deferred tax on non
distributable reserves (1,340 )

At 31 August 2024 5,713

A M RILEY PROPERTIES LTD (REGISTERED NUMBER: 15063986)

NOTES TO THE FINANCIAL STATEMENTS - continued
for the period 10 August 2023 to 31 August 2024


10. RELATED PARTY DISCLOSURES

Loans owing to the directors on an interest free basis of £51,231 (2023: £Nil) were outstanding at the year end, the amounts are repayable on demand.