Company registration number 04647237 (England and Wales)
AMHA LIMITED
UNAUDITED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
PAGES FOR FILING WITH REGISTRAR
AMHA LIMITED
CONTENTS
Page
Balance sheet
1 - 2
Notes to the financial statements
3 - 7
AMHA LIMITED (REGISTERED NUMBER: 04647237)
BALANCE SHEET
AS AT
31 DECEMBER 2024
31 December 2024
- 1 -
2024
2023
Notes
£
£
£
£
Fixed assets
Tangible assets
4
550,000
550,000
Investment property
5
23,495,004
24,245,004
24,045,004
24,795,004
Current assets
Debtors
6
36,501
61,886
Cash at bank and in hand
1,113,036
809,004
1,149,537
870,890
Creditors: amounts falling due within one year
7
(9,693,254)
(13,476,899)
Net current liabilities
(8,543,717)
(12,606,009)
Total assets less current liabilities
15,501,287
12,188,995
Creditors: amounts falling due after more than one year
8
(3,200,000)
-
Provisions for liabilities
(1,243,344)
(1,268,661)
Net assets
11,057,943
10,920,334
Capital and reserves
Called up share capital
10
1
1
Revaluation reserve
127,068
127,068
Non-distributable profits reserve
11
5,578,551
5,725,509
Distributable profit and loss reserves
5,352,323
5,067,756
Total equity
11,057,943
10,920,334
AMHA LIMITED (REGISTERED NUMBER: 04647237)
BALANCE SHEET (CONTINUED)
AS AT
31 DECEMBER 2024
31 December 2024
- 2 -
For the financial year ended 31 December 2024 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.
The directors of the company have elected not to include a copy of the profit and loss account within the financial statements.true
The financial statements were approved by the board of directors and authorised for issue on 8 July 2025 and are signed on its behalf by:
Mr A M Brooks
Director
AMHA LIMITED
NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2024
- 3 -
1
Accounting policies
Company information
AMHA Limited is a private company limited by shares incorporated in England and Wales. The registered office is 20 Church Road, Tunbridge Wells, Kent, TN1 1JP.
1.1
Accounting convention
These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.
The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £1.
The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties at fair value. The principal accounting policies adopted are set out below.
1.2
Turnover
Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover is measured as the fair value of the consideration receivable.
Specifically, revenue is recognised when tenants' rents become due. When rents are paid in advance, they are recognised in deferred income.
1.3
Tangible fixed assets
Tangible fixed assets are initially measured at cost and subsequently measured at cost or valuation, net of depreciation and any impairment losses.
Depreciation is recognised so as to write off the cost or valuation of assets less their residual values over their useful lives on the following bases:
Freehold land and buildings
not provided
Fixtures and fittings
20% straight line
Freehold land is not depreciated.
The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.
1.4
Investment property
Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. Changes in fair value are recognised in profit or loss.
1.5
Taxation
The tax expense represents the sum of the tax currently payable and deferred tax.
AMHA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 4 -
2
Judgements and key sources of estimation uncertainty
In the application of the company’s accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.
The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.
Key sources of estimation uncertainty
The estimates and assumptions which have a significant risk of causing a material adjustment to the carrying amount of assets and liabilities are as follows.
Investment property valuation
In determining the value of the properties held by the company, the directors consider all relevant available information, including but not limited to relevant valuation indices for properties of a similar type in the locations in which the properties are held. The directors will use their experience within the industry to determine a suitable valuation for the revaluation of the properties within the year.
3
Employees
The average monthly number of persons (including directors) employed by the company during the year was:
2024
2023
Number
Number
Total
3
3
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
Cost or valuation
At 1 January 2024
550,000
95,545
645,545
Disposals
(14,438)
(14,438)
At 31 December 2024
550,000
81,107
631,107
Depreciation and impairment
At 1 January 2024
95,545
95,545
Eliminated in respect of disposals
(14,438)
(14,438)
At 31 December 2024
81,107
81,107
AMHA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
4
Tangible fixed assets
Freehold land and buildings
Fixtures and fittings
Total
£
£
£
(Continued)
- 5 -
Carrying amount
At 31 December 2024
550,000
550,000
At 31 December 2023
550,000
550,000
Freehold land and buildings with a carrying amount of £550,000 were revalued by the directors on the basis of market value. The valuation was based on recent market transactions on arm's length terms for similar properties.
The following assets are carried at valuation. If the assets were measured using the cost model, the carrying amounts would be as follows:
Freehold property
2024
2023
£
£
Cost
402,868
402,868
5
Investment property
2024
£
Fair value
At 1 January 2024
24,245,004
Disposals
(750,000)
At 31 December 2024
23,495,004
Investment property comprises of £21,715,004 (2023 : £22,040,004) freehold investment property and £1,780,000 (2023 : £2,205,000) long term leasehold investment property. The fair values of the investment properties have been arrived at on the basis of valuations carried out by the directors as described in note 2.
AMHA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
5
Investment property
(Continued)
- 6 -
If investment properties were stated on an historical cost basis rather than a fair value basis, the amounts would have been included as follows:
2024
2023
£
£
Cost
16,728,869
17,306,595
Accumulated depreciation
-
-
Carrying amount
16,728,869
17,306,595
6
Debtors
2024
2023
Amounts falling due within one year:
£
£
Trade debtors
14,970
17,367
Other debtors
21,531
44,519
36,501
61,886
7
Creditors: amounts falling due within one year
2024
2023
£
£
Bank loans
200,000
3,600,000
Trade creditors
2,823
13,149
Taxation and social security
112,861
87,896
Other creditors
9,377,570
9,775,854
9,693,254
13,476,899
8
Creditors: amounts falling due after more than one year
2024
2023
£
£
Bank loans and overdrafts
3,200,000
AMHA LIMITED
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE YEAR ENDED 31 DECEMBER 2024
- 7 -
9
Loans and overdrafts
2024
2023
£
£
Bank loans
3,400,000
3,600,000
Loans from group undertakings and related parties
9,307,463
9,704,643
12,707,463
13,304,643
Payable within one year
9,507,463
13,304,643
Payable after one year
3,200,000
The bank loans are secured by a fixed a floating charge against investment properties and other assets owned by the company.
10
Called up share capital
2024
2023
2024
2023
Ordinary share capital
Number
Number
£
£
Issued and fully paid
Ordinary shares of £1 each
1
1
1
1
11
Non-distributable profits reserve
2024
2023
£
£
At the beginning of the year
5,725,509
5,790,273
Non distributable profits in the year
(146,958)
(64,764)
At the end of the year
5,578,551
5,725,509