Company Registration No. 11450144 (England and Wales)
Amimos Limited
Unaudited accounts
for the year ended 31 July 2024
Amimos Limited
Unaudited accounts
Contents
Amimos Limited
Company Information
for the year ended 31 July 2024
Directors
A H Aalam
M H Mahdavi
Company Number
11450144 (England and Wales)
Registered Office
Flat 75
Pier House
31 Cheyne Walk
London
SW3 5HN
England
Amimos Limited
Statement of financial position
as at 31 July 2024
Tangible assets
922,992
203,343
Cash at bank and in hand
17,251
29,735
Creditors: amounts falling due within one year
(803,802)
(232,020)
Net current liabilities
(636,474)
(114,882)
Total assets less current liabilities
286,518
88,461
Creditors: amounts falling due after more than one year
(445,000)
(120,000)
Net liabilities
(158,482)
(31,539)
Called up share capital
2
2
Profit and loss account
(158,484)
(31,541)
Shareholders' funds
(158,482)
(31,539)
For the year ending 31 July 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 in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board of Directors and authorised for issue on 21 July 2025 and were signed on its behalf by
A H Aalam
Director
Company Registration No. 11450144
Amimos Limited
Notes to the Accounts
for the year ended 31 July 2024
Amimos Limited is a private company, limited by shares, registered in England and Wales, registration number 11450144. The registered office is Flat 75, Pier House, 31 Cheyne Walk, London, SW3 5HN, England.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
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.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The financial statements have been prepared on the historical cost convention. The principal accounting policies adopted are set out below.
The financial statements are prepared in sterling , which is the functional currency of the company. Monetary a mounts in these financial statements are rounded to the nearest £.
The company has taken advantage of the exemption under section 399 of the Companies Act 2006 not to prepare consolidated accounts , on the basis that the group of which this is the parent qualifies as a small group . The financial statements present information about the company as an individual entity and not about its group
3.2 Presentation currency
The accounts are presented in £ sterling.
Turnover represents amounts receivable for sales of food and beverages net of VAT.
Stocks are stated at the lower of cost and estimated selling price less costs to complete and sell. Cost comprises direct materials and, where applicable, direct labour costs and those overheads that have been incurred in bringing the stocks to their present location and condition.
At each reporting date, an assessment is made for impairment. Any excess of the carrying amount of stocks over its estimated selling price less costs of complete and sell is recognised as an impairment loss in profit and loss. Reversal of impairment losses are also recognised in profit and loss.
Amimos Limited
Notes to the Accounts
for the year ended 31 July 2024
3.5 Impairment of fixed assets
At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.
Recoverable amount is the higher of fair value less costs to sell and value in use. In assessing value in use, the estimated future cash flows are discounted to their present value using a pre-tax discount rate that reflects current market assessments of the time value of money and the risks specific to the asset for which the estimates of future cash flows have not been adjusted.
If the recoverable amount of an asset (or cash-generating unit) is estimated to be less than its carrying amount, the carrying amount of the asset (or cash-generating unit) is reduced to its recoverable amount. An impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the impairment loss is treated as a revaluation decrease.
Recognised impairment losses are reversed if, and only if, the reasons for the impairment loss have ceased to apply. Where an impairment loss subsequently reverses, the carrying amount of the asset (or cash-generating unit) is increased to the revised estimate of its recoverable amount, but so that the increased carrying amount does not exceed the carrying amount that would have been determined had no impairment loss been recognised for the asset (or cash-generating unit) in prior years. A reversal of an impairment loss is recognised immediately in profit or loss, unless the relevant asset is carried at a revalued amount, in which case the reversal of the impairment loss is treated as a revaluation increase.
3.6 Cash at bank and hand
Cash at bank and in hand are basic financial assets and included cash in hand, deposit held at call with banks, other short- term liquid investments with original maturities of three months or less, and bank overdrafts.
3.7 Financial instruments
The company has elected to apply the provision of Section 11'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues of FRS102 to all of its financial instruments.
Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.
Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit or loss. Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised in profit or loss.
3.8 Basic financial assets
Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement
constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at market rate of interest. Financial assets classified as receivable within one year are not amortised.
3.9 Classification of financial liabilities
Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities
Amimos Limited
Notes to the Accounts
for the year ended 31 July 2024
3.10 Basic financial liabilities
Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are
classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where
the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial
liabilities classified as payable within one year are not amortised.
Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from
suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are
presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.
Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable
on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.
The tax expense represents the sum of the tax currently payable and deferred tax.
The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.
The financial statements have been prepared on a going concern basis. This basis assumes the continued support of the directors and the company’s creditors. The directors have no reason to believe that this support will be withdrawn in the foreseeable future. Accordingly, the going concern basis of preparation is considered appropriate.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Land & buildings
over 15 years
Fixtures & fittings
25% Reducing balance
4
Tangible fixed assets
Land & buildings
Fixtures & fittings
Total
Cost or valuation
At cost
At cost
At 1 August 2023
223,745
-
223,745
Additions
720,232
104,351
824,583
At 31 July 2024
943,977
104,351
1,048,328
At 1 August 2023
20,402
-
20,402
Charge for the year
78,846
26,088
104,934
At 31 July 2024
99,248
26,088
125,336
At 31 July 2024
844,729
78,263
922,992
At 31 July 2023
203,343
-
203,343
Amimos Limited
Notes to the Accounts
for the year ended 31 July 2024
Amounts falling due within one year
Accrued income and prepayments
66,364
-
Other debtors
73,447
60,200
6
Creditors: amounts falling due within one year
2024
2023
Trade creditors
68,115
2,010
Loans from directors
734,108
229,108
7
Creditors: amounts falling due after more than one year
2024
2023
Other creditors
445,000
120,000
Included in other creditors is an amount of £445,000 (2023 : £120,000 ) which is owed to Shariyar Ekbatian, of the director’s close family members.This balance is interest free and deemed repayable on demand.
8
Operating lease commitments
2024
2023
At 31 July 2024 the company had the following future minimum lease payments under non-cancellable operating leases for each of the following periods:
Not later than one year
100,000
100,000
Later than one year and not later than five years
500,000
500,000
Later than five years
700,000
800,000
9
Transactions with related parties
At the year end is an amount of £369,554 (2023:£114,554 ) due to the director, A H Aalam and £365,554 (2023: £114,554) due to M H Mahdavi. During the year consultancy fees have been made by the company an amounting to £33,600 to the detector A H Aalam.
10
Average number of employees
During the year the average number of employees was 2 (2023: 0).