REGISTERED NUMBER: 12360323 (England and Wales)

Financial Statements for the Year Ended 30th June 2024

for

A&M Dwellings Ltd

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

M Mahmood

Mrs K Begum

SECRETARY:

REGISTERED OFFICE:

63 THORNBURY ROAD

PERRY BARR

BIRMINGHAM

West Midlands

B20 3DE

REGISTERED NUMBER:

12360323 (England and Wales)

ACCOUNTANT:

A K & Co Accountants

732 Walsall Road

Great Barr

Birmingham

West Midlands

B42 1EX

FIXED ASSETS

Tangible assets

4

983,746

985,290

CURRENT ASSETS

Cash at bank

390,634

12,571

CREDITORS

Amounts falling due within one year

5

6,291

13,348

NET CURRENT ASSETS/(LIABILITIES)

384,343

(777

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,368,089

984,513

CREDITORS

Amounts falling due after more than one year

6

721,291

340,486

NET ASSETS

646,798

644,027

CAPITAL AND RESERVES

Called up share capital

8

2

2

Other reserves

9

625,000

625,000

Retained earnings

9

21,796

19,025

SHAREHOLDERS' FUNDS

646,798

644,027

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30th June 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 30th June 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 18th June 2024 and were signed on its behalf by:

M Mahmood - Director

1.	STATUTORY INFORMATION

A&M Dwellings 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.

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.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings 15% pa on reducing balance

Computers 15%pa on reducing balance

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.

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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2023 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Freehold

and

Computer

property

fittings

equipment

Totals

£

£

£

£

COST

At 1st July 2023

and 30th June 2024

975,000

8,540

1,750

985,290

DEPRECIATION

Charge for year

-

1,281

263

1,544

At 30th June 2024

-

1,281

263

1,544

NET BOOK VALUE

At 30th June 2024

975,000

7,259

1,487

983,746

At 30th June 2023

975,000

8,540

1,750

985,290

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

30.6.24

30.6.23

£

£

Tax

7,312

1,608

Directors' current accounts

-

10,290

Accrued expenses

(1,021

)

1,450

6,291

13,348

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

30.6.24

30.6.23

£

£

Other loans (see note 7)

721,291

340,486

7.

LOANS

An analysis of the maturity of loans is given below:

30.6.24

30.6.23

£

£

Amounts falling due between one and two years:

Bank Loan

87,168

84,778

Amounts falling due between two and five years:

Loan 2-5 Years

486,673

-

Directors Loan Accounts

147,450

255,708

634,123

255,708

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.6.24

30.6.23

value:

£

£

2

ORDINARY SHARE CAPITAL

£1

2

2

2 ORDINARY SHARE CAPITAL shares of £1 each were allotted and fully paid for cash at par during the year.

9.

RESERVES

Retained

Other

earnings

reserves

Totals

£

£

£

At 1st July 2023

19,025

625,000

644,025

Profit for the year

22,771

22,771

Dividends

(20,000

)

(20,000

)

At 30th June 2024

21,796

625,000

646,796