ACCOUNTS - Final Accounts

Registered number: 08933174

AMS PROPERTIES (SHEFFIELD) LIMITED

UNAUDITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

AMS PROPERTIES (SHEFFIELD) LIMITED

REGISTERED NUMBER: 08933174

BALANCE SHEET

AS AT 31 MARCH 2025

		2025		2024
Note		£		£

Fixed assets
Investments	4		100		100
Investment property	5		1,443,232		1,100,000
			1,443,332		1,100,100
Current assets
Debtors: amounts falling due within one year	6	3,764		195,905
Cash at bank and in hand		160,686		104,731
		164,450		300,636
Creditors: amounts falling due within one year	7	(15,321)		(10,830)
Net current assets			149,129		289,806
Provisions for liabilities
Deferred tax			(98,552)		(97,620)
Net assets			1,493,909		1,292,286

Capital and reserves
Called up share capital	400	400
Profit and loss account	1,493,509	1,291,886
	1,493,909	1,292,286

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AMS PROPERTIES (SHEFFIELD) LIMITED

REGISTERED NUMBER: 08933174

BALANCE SHEET (CONTINUED)

AS AT 31 MARCH 2025

The directors consider that the Company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the Company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

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.

The financial statements have been prepared 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 financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The Company has opted not to file the statement of income and retained earnings in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 17 October 2025.

S D Finney

Director

The notes on pages 3 to 7 form part of these financial statements.

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AMS PROPERTIES (SHEFFIELD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

1.	General information

AMS Properties (Sheffield) Limited is a private company limited by shares, incorporated in England and Wales (registered number: 08933174). Its registered office is 50 Burton Road, Sheffield, S3 8BX. The principal activity of the Company throughout the year continued to be that of property rental.

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and the Republic of Ireland' and the requirements of the Companies Act 2006. 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 Company's functional and presentation currency is pounds sterling.

The following principal accounting policies have been applied:

2.2

Revenue

Revenue is recognised to the extent that it is probable that the economic benefits will flow to the Company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. The following criteria must also be met before revenue is recognised:

Rendering of services

Revenue from a contract to provide services is recognised in the period in which the services are provided in accordance with the stage of completion of the contract when all of the following conditions are satisfied:

∙the amount of revenue can be measured reliably;

∙it is probable that the Company will receive the consideration due under the contract;

∙the stage of completion of the contract at the end of the reporting period can be measured reliably; and

∙the costs incurred and the costs to complete the contract can be measured reliably.

2.3

Investment property

Investment property is carried at fair value determined annually by external valuers and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in profit or loss.

2.4

Valuation of investments

Investments in subsidiaries are measured at cost less accumulated impairment.

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AMS PROPERTIES (SHEFFIELD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

2.Accounting policies (continued)

2.5

Financial instruments

The Company only enters into basic financial instruments transactions that result in the recognition of financial assets and liabilities such as bank and cash balances, trade and other accounts receivable and payable, loans from banks and other third parties and loans to and from related parties.
Debt instruments (other than those wholly repayable or receivable within one year), including loans and other accounts receivable and payable, are initially measured at the transaction price and subsequently at amortised cost using the effective interest method. Debt instruments that are payable or receivable within one year, typically trade debtors and creditors, are measured, initially and subsequently, at the undiscounted amount of the cash or other consideration expected to be paid or received. However, if the arrangements of a short-term instrument constitute a financing transaction, the financial asset or liability is measured, initially, at the present value of the future cash flow discounted at a market rate of interest for a similar debt instrument and subsequently at amortised cost.
Financial assets and liabilities are offset and the net amount reported in the Balance sheet when there is an 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.

2.6

Current and deferred taxation

Tax is recognised in the Statement of Income and Retained Earnings.
The current tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the Company operates and generates income.
Deferred tax balances are recognised in respect of all timing differences that have originated but not reversed by the Balance Sheet date, except that:
The recognition of deferred tax assets is limited to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits; and any deferred tax balances are reversed if and when all conditions for retaining associated tax allowances
have been met.

Employees

The average monthly number of employees, including directors, during the year was 2 (2024 - 2).

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AMS PROPERTIES (SHEFFIELD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

4.	Fixed asset investments

		Investments in subsidiary companies
		£
	Cost or valuation
	At 1 April 2024	100
	At 31 March 2025	100

5.	Investment property

		Freehold investment property
		£
	Valuation
	At 1 April 2024	1,100,000
	Additions at cost	343,232
	At 31 March 2025	1,443,232

The 2025 valuations are based on the value assigned to properties when the properties were purchased.
In the view of the directors there has been no material change to the valuation of the properties since that
date.

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AMS PROPERTIES (SHEFFIELD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Debtors

					2025	2024
					£	£


Amounts owed by group undertakings	3,380	194,975
Prepayments and accrued income	384	930
	3,764	195,905

7.	Creditors: Amounts falling due within one year
		2025	2024
		£	£

Corporation tax	12,567	8,415
Accruals and deferred income	2,754	2,415
	15,321	10,830

8.	Deferred taxation

		2025
		£

	At beginning of year	(97,620)
	Charged to profit or loss	(932)
	At end of year	(98,552)

The provision for deferred taxation is made up as follows:
	2025	2024
	£	£

	Capital gains/(losses)	98,552	97,620
		98,552	97,620

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AMS PROPERTIES (SHEFFIELD) LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 MARCH 2025

Reserves

Profit and loss account

Included within the profit and loss reserves are non-distributable amounts totalling £307,503 (2023: £308,435).

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