AMBA HOUSE LIMITED 11020552 false 2023-11-01 2024-10-31 2024-10-31 The principal activity of the company is buying and selling of own real estate Digita Accounts Production Advanced 6.30.9574.0 true true 11020552 2023-11-01 2024-10-31 11020552 2024-10-31 11020552 bus:OrdinaryShareClass1 2024-10-31 11020552 core:CurrentFinancialInstruments 2024-10-31 11020552 core:CurrentFinancialInstruments core:WithinOneYear 2024-10-31 11020552 core:Non-currentFinancialInstruments 2024-10-31 11020552 core:Non-currentFinancialInstruments core:AfterOneYear 2024-10-31 11020552 bus:SmallEntities 2023-11-01 2024-10-31 11020552 bus:AuditExemptWithAccountantsReport 2023-11-01 2024-10-31 11020552 bus:FilletedAccounts 2023-11-01 2024-10-31 11020552 bus:SmallCompaniesRegimeForAccounts 2023-11-01 2024-10-31 11020552 bus:RegisteredOffice 2023-11-01 2024-10-31 11020552 bus:Director1 2023-11-01 2024-10-31 11020552 bus:Director2 2023-11-01 2024-10-31 11020552 bus:OrdinaryShareClass1 2023-11-01 2024-10-31 11020552 bus:PrivateLimitedCompanyLtd 2023-11-01 2024-10-31 11020552 countries:England 2023-11-01 2024-10-31 11020552 2023-10-31 11020552 2022-11-01 2023-10-31 11020552 2023-10-31 11020552 bus:OrdinaryShareClass1 2023-10-31 11020552 core:CurrentFinancialInstruments 2023-10-31 11020552 core:CurrentFinancialInstruments core:WithinOneYear 2023-10-31 11020552 core:Non-currentFinancialInstruments 2023-10-31 11020552 core:Non-currentFinancialInstruments core:AfterOneYear 2023-10-31 iso4217:GBP xbrli:pure xbrli:shares

Registration number: 11020552

AMBA HOUSE LIMITED

Unaudited Filleted Financial Statements

for the Year Ended 31 October 2024

 

AMBA HOUSE LIMITED

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 6

 

AMBA HOUSE LIMITED

Company Information

Directors

Mr G S Matharu

Mr A S Walia

Registered office

183a Becontree Avenue
Dagenham
RM8 2UR

Accountants

City Tax Advisors
Chartered Certified Accountants
Jhumat House
160 London Road
Barking
Essex
IG11 8BB

 

AMBA HOUSE LIMITED

(Registration number: 11020552)
Balance Sheet as at 31 October 2024

Note

2024
£

2023
£

Fixed assets

 

Investment property

4

180,012

180,012

Current assets

 

Debtors

5

99,732

99,732

Cash at bank and in hand

 

834

3,827

 

100,566

103,559

Creditors: Amounts falling due within one year

6

(9,767)

(9,667)

Net current assets

 

90,799

93,892

Total assets less current liabilities

 

270,811

273,904

Creditors: Amounts falling due after more than one year

6

(270,909)

(270,909)

Net (liabilities)/assets

 

(98)

2,995

Capital and reserves

 

Called up share capital

7

2

2

Retained earnings

(100)

2,993

Shareholders' (deficit)/funds

 

(98)

2,995

For the financial year ending 31 October 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime. As permitted by section 444 (5A) of the Companies Act 2006, the directors have not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the Board on 7 May 2025 and signed on its behalf by:
 

.........................................
Mr G S Matharu
Director

 

AMBA HOUSE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

1

General information

The company is a private company limited by share capital, incorporated in England.

The address of its registered office is:
183a Becontree Avenue
Dagenham
RM8 2UR

These financial statements were authorised for issue by the Board on 7 May 2025.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Going concern

The financial statements have been prepared on a going concern basis.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

The company recognises revenue when:
The amount of revenue can be reliably measured;
it is probable that future economic benefits will flow to the entity;
and specific criteria have been met for each of the company's activities.

Tax

The tax expense for the period comprises tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the reporting date in the countries where the company operates and generates taxable income.

 

AMBA HOUSE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

Investment property

Investment property is carried at fair value, derived from the current market prices for comparable real estate determined annually by external valuers. The valuers use observable market prices, adjusted if necessary for any difference in the nature, location or condition of the specific asset. Changes in fair value are recognised in profit or loss.

Cash and cash equivalents

Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.

Trade debtors

Trade debtors are amounts due from customers for merchandise sold or services performed in the ordinary course of business.

Trade debtors are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade debtors is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.

Trade creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.

Trade creditors are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the profit and loss account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Share capital

Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.

3

Staff numbers

The average number of persons employed by the company (including directors) during the year, was 2 (2023 - 2).

 

AMBA HOUSE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

4

Investment properties

2024
£

At 1 November

180,012

At 31 October

180,012

Investment property was valued at an open market value by independent valuers.

5

Debtors

Current

Note

2024
£

2023
£

Amounts owed by related parties

9

99,732

99,732

   

99,732

99,732

 

AMBA HOUSE LIMITED

Notes to the Unaudited Financial Statements for the Year Ended 31 October 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

8

9,066

9,066

Accruals and deferred income

 

600

600

Other creditors

 

101

1

 

9,767

9,667

Creditors: amounts falling due after more than one year

Note

2024
£

2023
£

Due after one year

 

Loans and borrowings

8

270,909

270,909

7

Share capital

Allotted, called up and fully paid shares

2024

2023

No.

£

No.

£

Ordinary shares of £1 each

2

2

2

2

       

8

Loans and borrowings

Non-current loans and borrowings

2024
£

2023
£

Bank borrowings

270,909

270,909

Current loans and borrowings

2024
£

2023
£

Bank borrowings

9,066

9,066

9

Related party transactions

Summary of transactions with entities with joint control or significant interest