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COMPANY REGISTRATION NUMBER: 00831184
AMRIT HOLDINGS CO. LIMITED
Filleted Unaudited Financial Statements
31 March 2025
AMRIT HOLDINGS CO. LIMITED
Statement of Financial Position
31 March 2025
2025
2024
Note
£
£
£
Fixed assets
Tangible assets
5
125,000
225,000
Current assets
Debtors
6
1,002,517
934,689
Cash at bank and in hand
41,600
92,578
------------
------------
1,044,117
1,027,267
Creditors: amounts falling due within one year
7
107,596
125,073
------------
------------
Net current assets
936,521
902,194
------------
------------
Total assets less current liabilities
1,061,521
1,127,194
------------
------------
Net assets
1,061,521
1,127,194
------------
------------
Capital and reserves
Called up share capital
400
400
Fair value reserve
8
113,533
204,359
Profit and loss account
8
947,588
922,435
------------
------------
Shareholders funds
1,061,521
1,127,194
------------
------------
These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with Section 1A of FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
In accordance with section 444 of the Companies Act 2006, the statement of income and retained earnings has not been delivered.
For the year ending 31 March 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
- 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 Act with respect to accounting records and the preparation of financial statements .
AMRIT HOLDINGS CO. LIMITED
Statement of Financial Position (continued)
31 March 2025
These financial statements were approved by the board of directors and authorised for issue on 25 July 2025 , and are signed on behalf of the board by:
Mr D Fluss
Director
Company registration number: 00831184
AMRIT HOLDINGS CO. LIMITED
Notes to the Financial Statements
Year ended 31 March 2025
1. General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Hallswelle House, 1 Hallswelle Road, London, NW11 0DH.
2. Statement of compliance
These financial statements have been prepared in compliance with Section 1A of FRS 102, 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Revenue recognition
Turnover is measured at the fair value of the consideration received or receivable and represents rents receivable.
Income tax
The taxation expense represents the amount of current tax recognised in the reporting period. Tax is recognised in profit or loss, except to the extent that it relates to items recognised in other comprehensive income or directly in equity. In this case, tax is recognised in other comprehensive income or directly in equity, respectively. Current tax is recognised on taxable profit for the current and past periods. Current tax is measured at the amounts of tax expected to pay or recover using the tax rates and laws that have been enacted or substantively enacted at the reporting date.
Tangible assets
Tangible assets are initially recorded at cost, and subsequently stated at cost less any accumulated depreciation and impairment losses. Any tangible assets carried at revalued amounts are recorded at the fair value at the date of revaluation less any subsequent accumulated depreciation and subsequent accumulated impairment losses. An increase in the carrying amount of an asset as a result of a revaluation, is recognised in other comprehensive income and accumulated in equity, except to the extent it reverses a revaluation decrease of the same asset previously recognised in profit or loss. A decrease in the carrying amount of an asset as a result of revaluation, is recognised in other comprehensive income to the extent of any previously recognised revaluation increase accumulated in equity in respect of that asset. Where a revaluation decrease exceeds the accumulated revaluation gains accumulated in equity in respect of that asset, the excess shall be recognised in profit or loss.
Depreciation
Depreciation is calculated so as to write off the cost or valuation of an asset, less its residual value, over the useful economic life of that asset as follows:
Short leasehold property
-
Depreciation over life of lease
Equipment
-
33% reducing balance
Financial instruments
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as either financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.
4. Employee numbers
The average number of persons employed by the company during the year amounted to 3 (2024: 4 ).
5. Tangible assets
Land and buildings
Equipment
Total
£
£
£
Valuation
At 1 April 2024 and 31 March 2025
625,000
2,767
627,767
---------
-------
---------
Depreciation
At 1 April 2024
400,000
2,767
402,767
Charge for the year
100,000
100,000
---------
-------
---------
At 31 March 2025
500,000
2,767
502,767
---------
-------
---------
Carrying amount
At 31 March 2025
125,000
125,000
---------
-------
---------
At 31 March 2024
225,000
225,000
---------
-------
---------
Tangible assets held at valuation
6. Debtors
2025
2024
£
£
Other debtors
1,002,517
934,689
------------
---------
Other debtors include £954,716.96(2024: £182,961) due from related undertakings .
7. Creditors: amounts falling due within one year
2025
2024
£
£
Bank loans and overdrafts
15,812
26,363
Trade creditors
13,034
7,464
Corporation tax
11,443
Social security and other taxes
4,510
Other creditors
54,367
54,771
Other creditors
8,430
36,475
---------
---------
107,596
125,073
---------
---------
8. Reserves
Revaluation reserve - This reserve records the value of asset revaluations and fair value movements on assets recognised in other comprehensive income. Profit and loss account - This reserve records retained earnings and accumulated losses.