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Company No: 09153965 (England and Wales)

AMBLESIDE INVESTMENTS LIMITED

Unaudited Financial Statements
For the financial year ended 31 December 2024
Pages for filing with the registrar

AMBLESIDE INVESTMENTS LIMITED

Unaudited Financial Statements

For the financial year ended 31 December 2024

Contents

AMBLESIDE INVESTMENTS LIMITED

COMPANY INFORMATION

For the financial year ended 31 December 2024
AMBLESIDE INVESTMENTS LIMITED

COMPANY INFORMATION (continued)

For the financial year ended 31 December 2024
DIRECTORS B D Brick
Simone Debra Brick
REGISTERED OFFICE Treviot House
186-192 High Road
Ilford
IG1 1LR
United Kingdom
COMPANY NUMBER 09153965 (England and Wales)
ACCOUNTANT Gravita Essex Limited
Treviot House
186-192 High Road
Ilford
Essex
IG1 1LR
United Kingdom
AMBLESIDE INVESTMENTS LIMITED

BALANCE SHEET

As at 31 December 2024
AMBLESIDE INVESTMENTS LIMITED

BALANCE SHEET (continued)

As at 31 December 2024
Note 2024 2023
£ £
Fixed assets
Tangible assets 3 910 1,213
Investment property 4 4,350,000 4,315,000
4,350,910 4,316,213
Current assets
Debtors 5 150,730 130,371
Cash at bank and in hand 43,742 8,822
194,472 139,193
Creditors: amounts falling due within one year 6 ( 2,742,285) ( 2,707,771)
Net current liabilities (2,547,813) (2,568,578)
Total assets less current liabilities 1,803,097 1,747,635
Creditors: amounts falling due after more than one year 7 ( 1,150,000) ( 1,150,000)
Net assets 653,097 597,635
Capital and reserves
Called-up share capital 2 2
Fair value reserve 188,435 162,185
Profit and loss account 464,660 435,448
Total shareholders' funds 653,097 597,635

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

Directors' responsibilities:

The financial statements of Ambleside Investments Limited (registered number: 09153965) were approved and authorised for issue by the Board of Directors on 29 April 2025. They were signed on its behalf by:

B D Brick
Director
AMBLESIDE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
AMBLESIDE INVESTMENTS LIMITED

NOTES TO THE FINANCIAL STATEMENTS

For the financial year ended 31 December 2024
1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Ambleside Investments Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is Treviot House, 186-192 High Road, Ilford, IG1 1LR, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain items at fair value, and in accordance with Section 1A of Financial Reporting Standard 102 (FRS 102) ‘The Financial Reporting Standard applicable in the UK and Republic of Ireland’ issued by the Financial Reporting Council and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The financial statements are presented in pounds sterling which is the functional currency of the Company and rounded to the nearest £.

Turnover

Turnover represents the total rental income receivable during the year.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit.

Tangible fixed assets

Tangible fixed assets are stated at cost or valuation, net of depreciation and any provision for impairment. Depreciation is provided on all tangible fixed assets, other than investment property and freehold land, at rates calculated to write off the cost or valuation, less estimated residual value, of each asset on a straight-line or reducing balance basis over its expected useful life, as follows:

Fixtures and fittings 25 % reducing balance
Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the directors, on an open market value for existing use basis.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

2. Employees

2024 2023
Number Number
Monthly average number of persons employed by the Company during the year, including directors 2 2

3. Tangible assets

Fixtures and fittings Total
£ £
Cost
At 01 January 2024 7,354 7,354
At 31 December 2024 7,354 7,354
Accumulated depreciation
At 01 January 2024 6,141 6,141
Charge for the financial year 303 303
At 31 December 2024 6,444 6,444
Net book value
At 31 December 2024 910 910
At 31 December 2023 1,213 1,213

4. Investment property

Investment property
£
Valuation
As at 01 January 2024 4,315,000
Fair value movement 35,000
As at 31 December 2024 4,350,000

Historic cost

If the investment properties had been accounted for under the cost accounting rules, the properties would have been measured as follows:

2024 2023
£ £
Historic cost 4,135,495 4,135,495

The investment properties were valued on a fair value basis on 31st December 2024 by the director.

5. Debtors

2024 2023
£ £
Trade debtors 49,252 20,629
Amounts owed by related parties 90,508 90,508
Prepayments and accrued income 2,400 1,914
Deferred tax asset 8,570 17,320
150,730 130,371

6. Creditors: amounts falling due within one year

2024 2023
£ £
Amounts owed to related parties 85,500 67,500
Amounts owed to directors 2,636,025 2,623,195
Accruals and deferred income 8,842 10,463
Taxation and social security 9,493 4,188
Other creditors 2,425 2,425
2,742,285 2,707,771

7. Creditors: amounts falling due after more than one year

2024 2023
£ £
Bank loans 1,150,000 1,150,000

Interest only loan secured against the investment properties of the company.