| Amsted Real Estate Limited |
| Statement of Financial Position |
| as at 31 May 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
305,000 |
|
|
288,000 |
|
| Current assets |
| Debtors |
4 |
|
2,340 |
|
|
8,361 |
|
| Creditors: amounts falling due within one year |
5 |
|
(329,146) |
|
|
(146,386) |
|
| Net current liabilities |
|
|
|
(326,806) |
|
|
(138,025) |
|
| Total assets less current liabilities |
|
|
|
(21,806) |
|
|
149,975 |
|
| Creditors: amounts falling due after more than one year |
6 |
|
|
- |
|
|
(188,699) |
|
|
|
| Net liabilities |
|
|
|
(21,806) |
|
|
(38,724) |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
(21,906) |
|
|
(38,824) |
|
| Shareholders' funds |
|
|
|
(21,806) |
|
|
(38,724) |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
|
|
| Mr S G Strover |
| Director |
| Approved by the board on 19 September 2025 |
|
| Company registration number: |
|
|
12022252 |
|
| Amsted Real Estate Limited |
| Notes to the Accounts |
| for the year ended 31 May 2025 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. |
|
|
Tangible fixed 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. |
|
|
Impairment of fixed assets |
|
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. |
|
|
For the purposes of impairment testing, when it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that largely independent of the cash inflows from other assets or groups of assets. |
|
|
Debtors |
|
Short term debtors are measured at transaction price (which is usually the invoice price), less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs and subsequently measured at amortised cost determined using the effective interest method, less any impairment losses for bad and doubtful debts. |
|
|
Creditors |
|
Short term creditors are measured at transaction price (which is usually the invoice price). Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs and subsequently measured at amortised cost determined using the effective interest method. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that 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, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
0 |
|
0 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost/ Valuation |
|
At 1 June 2024 |
288,000 |
|
Surplus on revaluation |
17,000 |
|
At 31 May 2025 |
305,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 May 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 May 2025 |
305,000 |
|
At 31 May 2024 |
288,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
324,664 |
|
324,664 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
324,664 |
|
324,664 |
|
|
|
|
|
|
|
|
|
|
The property has been valued by the Director at 31 May 2025. |
|
|
| 4 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
1,621 |
|
7,747 |
|
Other debtors |
719 |
|
614 |
|
|
|
|
|
|
2,340 |
|
8,361 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
327,860 |
|
145,151 |
|
Other creditors |
1,286 |
|
1,235 |
|
|
|
|
|
|
329,146 |
|
146,386 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Bank loans |
- |
|
188,699 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Revaluation reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 June 2024 |
- |
|
7,000 |
|
Loss on revaluation of land and buildings |
- |
|
(7,000) |
|
|
At 31 May 2025 |
- |
|
- |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
At 31 May 2025, the amount owed to Amsted Real Estate Limited by a group undertaking was £1,621 (2024: £7,747). |
|
|
At 31 May 2025, Amsted Real Estate Limited owed £327,860 to a group undertaking (2024: £145,151). |
|
| 9 |
Controlling party |
|
|
The company is controlled by Amsted Global Limited, a company registered in England and wales, by virtue of its 100% holding in the company's issued share capital. |
|
|
| 10 |
Other information |
|
|
Amsted Real Estate Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
The Arch Building |
|
Mansbridge Road |
|
West End |
|
Southampton |
|
SO18 3HW |