Amberstar Limited Filleted accounts for Companies House (small and micro)

COMPANY REGISTRATION NUMBER: 02141289

Amberstar Limited

Filleted Unaudited Financial Statements

For the year ended

31 December 2024

Amberstar Limited

Statement of Financial Position

31 December 2024

	2024		2023
Note	£	£	£

Fixed assets

Tangible assets	6		35,134,285	36,623,118

Current assets

Debtors	7	280,172	156,032
Cash at bank and in hand		11,943,602	10,830,751
		-------------	-------------
		12,223,774	10,986,783

Creditors: amounts falling due within one year	8	1,158,995		1,043,518
		-------------		-------------
Net current assets			11,064,779	9,943,265
			-------------	-------------
Total assets less current liabilities			46,199,064	46,566,383

Creditors: amounts falling due after more than one year	9		4,652,503	4,652,503

Provisions

Taxation including deferred tax	527,284	911,793
	-------------	-------------
Net assets	41,019,277	41,002,087
	-------------	-------------

Capital and reserves

Called up share capital	104	104
Capital redemption reserve	48	48
Fair value reserve	9,719,545	11,516,029
Profit and loss account	31,299,580	29,485,906
	-------------	-------------
Shareholders funds	41,019,277	41,002,087
	-------------	-------------

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 comprehensive income has not been delivered.

For the year ending 31 December 2024 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 .

Amberstar Limited

Statement of Financial Position (continued)

31 December 2024

These financial statements were approved by the board of directors and authorised for issue on 24 September 2025 , and are signed on behalf of the board by:

Mr A Kaye

Company registration number: 02141289

Amberstar Limited

Notes to the Financial Statements

Year ended 31 December 2024

1. General information

Amberstar Limited is a private company limited by shares, registered in England and Wales under registration number 02141289 . The address of the registered office is 382 Caledonian Road , London N1 1DY .

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.

Debtors

Short term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

Cash and cash equivalents

Cash is represented by cash in hand and deposits with financial institutions at call repayable without penalty on notice. Cash equivalents are highly liquid investments that mature in no more than three months from the date of acquisition and that are readily convertible to known amounts of cash with insignificant risk of change in value.

Creditors

Short term creditors are measured at the transaction price. Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method.

Interest income

Interest income is recognised in the statement of comprehensive income using the effective interest method.

Provision for liabilities

Provisions are made where an event has taken place that gives the Company a legal or constructive obligation that probably requires settlement by a transfer of economic benefit, and a reliable estimate can be made of the amount of the obligation. Provisions are charged as an expense to the statement of comprehensive income in the year that the Company becomes aware of the obligation, and are measured at the best estimate at the Balance Sheet date of the expenditure required to settle the obligation, taking into account relevant risks and uncertainties. When payments are eventually made, they are charged to the provision carried in the Balance Sheet.

Revenue recognition

Turnover is measured at the fair value of the consideration received or receivable during the year for the amounts of rental income and commission less Value Added Tax.

Taxation

The taxation expense represents the aggregate amount of current and deferred 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.

Deferred tax is recognised in respect of all timing differences at the reporting date. Unrelieved tax losses and other deferred tax assets are recognised 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 that are expected to apply to the reversal of the timing difference.

Investment properties

Investment property is carried at fair value determined annualy by the directors and derived from current market rents and investment property yields for comparable real estate. No depreciation is provided. Changes in fair value are recognised in the statement of comprehensive income.

Financial instruments

The Company only enters into basic financial instrument transactions that result in recognition of financial asstes and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in non-puttable ordinary shares.

4. Employees

The average number of persons employed by the company during the year amounted to 3 (2023: 3 ).

This includes directors.

5. Tax on profit

Major components of tax expense

	2024	2023
	£	£

Current tax:

UK current tax expense	555,604	484,885

Deferred tax:

Origination and reversal of timing differences	( 384,510)	( 2,971)
	---------	---------
Tax on profit	171,094	481,914
	---------	---------

Reconciliation of tax expense

The tax assessed on the profit on ordinary activities for the year is lower than (2023: lower than) the standard rate of corporation tax in the UK of 25 % (2023: 25 %).

	2024	2023
	£	£
Profit on ordinary activities before taxation	188,284	2,048,312
	---------	------------
Profit on ordinary activities by rate of tax	555,604	484,885
Effect of capital allowances and depreciation	2,990	3,279
Effect of revenue exempt from tax	( 387,500)	( 6,250)
	---------	------------
Tax on profit	171,094	481,914
	---------	------------

6. Tangible assets

	Freehold Investment Property	Fixtures and fittings	Total
	£	£	£
Cost or valuation
At 1 January 2024	36,623,118	–	36,623,118
Additions	690,274	6,504	696,778
Revaluations	( 2,183,985)	–	( 2,183,985)
	-------------	-------	-------------
At 31 December 2024	35,129,407	6,504	35,135,911
	-------------	-------	-------------
Depreciation
At 1 January 2024	–	–	–
Charge for the year	–	1,626	1,626
	-------------	-------	-------------
At 31 December 2024	–	1,626	1,626
	-------------	-------	-------------
Carrying amount
At 31 December 2024	35,129,407	4,878	35,134,285
	-------------	-------	-------------
At 31 December 2023	36,623,118	–	36,623,118
	-------------	-------	-------------

The 2024 valuations were made by the directors on an open market value for existing use basis.

7. Debtors

	2024	2023
	£	£
Trade debtors	279,549	154,679
Prepayments and accrued income	–	730
Other debtors	623	623
	---------	---------
	280,172	156,032
	---------	---------

8. Creditors: amounts falling due within one year

	2024	2023
	£	£
Trade creditors	7,798	7,799
Corporation tax	270,604	236,426
Social security and other taxes	88,983	69,661
Accruals and deferred income	454,115	407,325
Other creditors	337,495	322,307
	------------	------------
	1,158,995	1,043,518
	------------	------------

9. Creditors: amounts falling due after more than one year

	2024	2023
	£	£
Other creditors	4,652,503	4,652,503
	------------	------------

10. Deferred tax

The deferred tax included in the statement of financial position is as follows:

	2024	2023
	£	£
Included in provisions	527,284	911,793
	---------	---------

The deferred tax account consists of the tax effect of timing differences in respect of:

	2024	2023
	£	£
Accelerated capital allowances	126,991	124,001
Revaluation of tangible assets	400,293	787,792
	---------	---------
	527,284	911,793
	---------	---------

11. Fair value reserve

Fair value reserve represents the unrealised surplus on the revaluation of the investment properties less the related potential tax liability. The reserves are undistributable until a surplus is realised from the sale of investment property.

12. Related party transactions

Included within other creditors is a balance of £4,650,000 (2023: £4,650,000) owed to a director of the company. The amount was unsecured and interest free.