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Registration number: 00918453

Amadeus Properties Limited

Unaudited Filleted Financial Statements

for the Year Ended 31 March 2025

 

Amadeus Properties Limited

Contents

Company Information

1

Balance Sheet

2

Notes to the Unaudited Financial Statements

3 to 5

 

Amadeus Properties Limited

Company Information

Directors

A Godfrey

C M Godfrey

A R Godfrey

C R Godfrey

J S Godfrey

R S Godfrey

R J Godfrey

J F Mowat

Company secretary

A Godfrey

Registered office

15a Byron Road
London
NW7 4AH

Accountants

Sable & Argent Limited
Chartered Accountants
2 Elvetham Crescent
Fleet
Hampshire
GU51 1BU

 

Amadeus Properties Limited

(Registration number: 00918453)
Balance Sheet as at 31 March 2025

Note

2025
£

2024
£

Current assets

 

Stocks

4

4,918,020

4,918,020

Debtors

5

19,608

58,615

Cash at bank and in hand

 

301,767

948,703

 

5,239,395

5,925,338

Creditors: Amounts falling due within one year

6

(2,576,852)

(3,470,556)

Net assets

 

2,662,543

2,454,782

Capital and reserves

 

Called up share capital

8

100

100

Retained earnings

2,662,443

2,454,682

Shareholders' funds

 

2,662,543

2,454,782

For the financial year ending 31 March 2025 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 9 May 2025 and signed on its behalf by:
 

C R Godfrey
Director

   
     
 

Amadeus Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

1

General information

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

The address of its registered office is:
15a Byron Road
London
NW7 4AH

These financial statements were authorised for issue by the Board on 9 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 properties in the period, net of value added tax. It also includes net rental income (rental income and service charge income less relevant property costs) from the company's stock properties.

The company recognises revenue from property sales on exchange of contracts. Rental and other property income is recognised in the period to which it relates.

Tax

The tax expense for the period comprises current 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.

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.

 

Amadeus Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

Trade debtors

Trade debtors are amounts due from customers in respect of property sales where exchange takes place in the accounting period. Trade debtors are recognised at the transaction price.

Amounts due from tenants are included in other debtors and are included at the invoiced value less a provision for bad debts where it is probable that the amount may not be recovered.

Stocks

Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell.

Stocks comprise properties held for resale the cost of which includes legal fees and disbursements, stamp duty and other amounts payable on purchase. At each reporting date, stocks are assessed for impairment. If stocks are impaired, the carrying amount is reduced to its selling price less sale costs; the impairment loss is recognised immediately in the profit or loss account.

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 at the transaction price.

Borrowings

Interest-bearing borrowings due after more than one year are recorded at fair value, net of transaction costs. Borrowings due within one year are included at the transaction value.

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 people (including directors) employed by the company in the year, was 8 (2024: 8).

4

Stocks

2025
£

2024
£

Properties held for resale

4,918,020

4,918,020

 

Amadeus Properties Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 March 2025

5

Debtors

Current

2025
£

2024
£

Other debtors

19,608

58,615

 

19,608

58,615

6

Creditors

Creditors: amounts falling due within one year

Note

2025
£

2024
£

Due within one year

 

Amounts owed to group undertakings

2,278,764

3,169,803

Taxation and social security

 

99,076

95,898

Accruals and deferred income

 

184,211

185,301

Other creditors

 

14,801

19,554

 

2,576,852

3,470,556

7

Loans and borrowings

Other borrowings

The company's intercompany loan with a carrying amount of £2,278,764 (2024: £3,169,803) is denominated in sterling with a nominal interest rate of 2.5%.

8

Share capital

Allotted, called up and fully paid shares

2025

2024

No.

£

No.

£

Ordinary shares of £1 each

100

100

100

100