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Registration number: 13635381

Amulet Management Ltd

Annual Report and Unaudited Filleted Financial Statements

for the Year Ended 30 September 2024

 

Amulet Management Ltd

Contents

Company Information

1

Balance Sheet

2 to 3

Notes to the Unaudited Financial Statements

4 to 8

 

Amulet Management Ltd

Company Information

Director

Dr B Ahmad

Registered office

Spencer House
6 Morston Court
Aisecombe Way
Weston super Mare
BS22 8NG

Accountants

Burton Sweet
Spencer House
Aisecombe Way
Weston super Mare
BS22 8NG

 

Amulet Management Ltd

(Registration number: 13635381)
Balance Sheet
30 September 2024

Note

2024
£

2023
£

Fixed assets

 

Tangible assets

4

578

771

Investment property

5

870,000

800,000

 

870,578

800,771

Current assets

 

Cash at bank and in hand

 

7,055

4,073

Creditors: Amounts falling due within one year

6

(634,501)

(647,013)

Net current liabilities

 

(627,446)

(642,940)

Total assets less current liabilities

 

243,132

157,831

Provisions for liabilities

(37,745)

(24,445)

Net assets

 

205,387

133,386

Capital and reserves

 

Revaluation reserve

160,912

104,212

Retained earnings

44,475

29,174

Shareholders' funds

 

205,387

133,386

 

Amulet Management Ltd

(Registration number: 13635381)
Balance Sheet
30 September 2024

For the financial year ending 30 September 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's 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 director acknowledges 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 director has not delivered to the registrar a copy of the Profit and Loss Account.

Approved and authorised by the director on 27 June 2025
 

.........................................
Dr B Ahmad
Director

 

Amulet Management Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

1

General information

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

The address of its registered office is:
Spencer House
6 Morston Court
Aisecombe Way
Weston super Mare
BS22 8NG

These financial statements were authorised for issue by the director on 27 June 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 provision of property and some services in the ordinary course of the company’s activities. Turnover is shown net of returns, rebates and discounts.

The company recognises revenue for the period property is occupied.

 

Amulet Management Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

Tax

The tax expense for the period comprises current and deferred 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 corporation 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.

Deferred tax is recognised in respect of all timing differences between taxable profits and profits reported in the financial statements.

Unrelieved tax losses and other deferred tax assets are recognised when it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference.

Tangible assets

Tangible assets are stated in the balance sheet at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.

The cost of tangible assets includes directly attributable incremental costs incurred in their acquisition and installation.

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 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.

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

 

Amulet Management Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

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.

3

Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2023 - 1).

 

Amulet Management Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

4

Tangible assets

Fixtures and fittings
£

Total
£

Cost or valuation

At 1 October 2023

1,374

1,374

At 30 September 2024

1,374

1,374

Depreciation

At 1 October 2023

603

603

Charge for the year

193

193

At 30 September 2024

796

796

Carrying amount

At 30 September 2024

578

578

At 30 September 2023

771

771

5

Investment properties

2024
£

At 1 October

800,000

Fair value adjustments

70,000

At 30 September

870,000

Investment property has been valued using online property market sites.

 

Amulet Management Ltd

Notes to the Unaudited Financial Statements
Year Ended 30 September 2024

6

Creditors

Creditors: amounts falling due within one year

Note

2024
£

2023
£

Due within one year

 

Loans and borrowings

7

150,815

95,815

Trade creditors

 

-

1,440

Taxation and social security

 

6,795

5,180

Accruals and deferred income

 

1,380

1,380

Other creditors

 

475,511

543,198

 

634,501

647,013

7

Loans and borrowings

Current loans and borrowings

2024
£

2023
£

Other borrowings

150,815

95,815