Amaya Property Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 08869615 (England and Wales)

AMAYA PROPERTY MANAGEMENT LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 JANUARY 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mr H R Rupasinghe

REGISTERED OFFICE:

11 Station Road

Harlesden

London

NW10 4UJ

REGISTERED NUMBER:

08869615 (England and Wales)

ACCOUNTANTS:

Duncan and Toplis Limited

Pinnacle House

1 Pinnacle Way,

Derby

Derbyshire

DE24 8ZS

FIXED ASSETS

Tangible assets

4

3,592

4,490

Investments

5

100

Investment property

6

1,533,449

1,517,449

1,537,141

1,522,039

CURRENT ASSETS

Debtors

7

1,293,869

1,096,541

Cash at bank

54,949

111,031

1,348,818

1,207,572

CREDITORS

Amounts falling due within one year

8

15,275

14,653

NET CURRENT ASSETS

1,333,543

1,192,919

TOTAL ASSETS LESS CURRENT LIABILITIES

2,870,684

2,714,958

CREDITORS

Amounts falling due after more than one year

9

(2,914,175

)

(2,654,175

)

PROVISIONS FOR LIABILITIES

11

-

(31,496

)

NET (LIABILITIES)/ASSETS

(43,491

)

29,287

CAPITAL AND RESERVES

Called up share capital

12

100

Non-

distributable

reserve

13

125,984

94,488

Retained earnings

(169,575

)

(65,301

)

SHAREHOLDERS' FUNDS

(43,491

)

29,287

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 January 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 January 2025 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

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

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the director and authorised for issue on 30 October 2025 and were signed by:

Mr H R Rupasinghe - Director

1.	STATUTORY INFORMATION

Amaya Property Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Investments in associates

Investments in associate undertakings are recognised at cost.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in fair value is recognised in profit or loss.

A transfer is made from retained earnings to the non-distributable reserve for the amount of any market value surplus or deficit net of deferred tax provided.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

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.

Going concern

The financial statements have been prepared on a going concern basis as it is the director's intention to continue to provide support through companies under his control.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 (2024 - 1 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

and

fittings

£

COST

At 1 February 2024

10,996

Additions

274

At 31 January 2025

11,270

DEPRECIATION

At 1 February 2024

6,506

Charge for year

1,172

At 31 January 2025

7,678

NET BOOK VALUE

At 31 January 2025

3,592

At 31 January 2024

4,490

5.	FIXED ASSET INVESTMENTS

Interest

in

associate

£

COST

At 1 February 2024

and 31 January 2025

100

NET BOOK VALUE

At 31 January 2025

100

At 31 January 2024

100

6.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 February 2024

1,517,449

Additions

16,000

At 31 January 2025

1,533,449

NET BOOK VALUE

At 31 January 2025

1,533,449

At 31 January 2024

1,517,449

Fair value at 31 January 2025 is represented by:

£

Valuation in 2025

125,984

Cost

1,407,465

1,533,449

If the investment property had not been revalued it would have been included at the following historical cost:

31.1.25

31.1.24

£

Cost

1,407,465

1,391,465

The investment property was valued on an open market basis on 31 January 2025 by the director, Mr H R Rupasinghe .

7.

DEBTORS

31.1.25

31.1.24

£

Amounts falling due within one year:

Trade debtors

1,250

Other debtors

22,443

5,000

Directors' current accounts

-

20,240

Prepayments and accrued income

2,176

2,051

25,869

28,541

Amounts falling due after more than one year:

Amounts owed by participating interests

1,268,000

1,068,000

Aggregate amounts

1,293,869

1,096,541

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.1.25

31.1.24

£

Trade creditors

330

2,072

Other creditors

7,726

7,899

Directors' current accounts

2,349

-

Accruals and deferred income

4,870

4,682

15,275

14,653

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.1.25

31.1.24

£

Bank loans

1,039,913

Other loans

1,874,262

1,614,262

2,914,175

2,654,175

Amounts falling due in more than five years:

Repayable otherwise than by instalments

Bank loans

1,039,913

10.	SECURED DEBTS

The following secured debts are included within creditors:

31.1.25

31.1.24

£

Bank loans

1,039,913

11.	PROVISIONS FOR LIABILITIES

31.1.25

31.1.24

£

Deferred tax

-

31,496

Deferred

tax

£

Balance at 1 February 2024

31,496

Credit to Income Statement during year

(31,496

)

Balance at 31 January 2025

-

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.1.25

31.1.24

value:

£

100

Ordinary

£1

100

13.

RESERVES

Non-

distributable

reserve

£

At 1 February 2024

94,488

Transfer between reserves

31,496

At 31 January 2025

125,984

14.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 January 2025 and 31 January 2024:

31.1.25

31.1.24

£

Mr H R Rupasinghe

Balance outstanding at start of year

20,240

-

Amounts advanced

343

20,240

Amounts repaid

(20,583

)

-

Amounts written off

-

Amounts waived

-

Balance outstanding at end of year

-

20,240

Interest was charged on the director's advances at HM Revenue & Customs official rate being 2.25% per annum.