| Ambleside Property Investment Company |
| Registered number: |
00597673 |
| Balance Sheet |
| as at 31 March 2025 |
|
| Notes |
|
|
2025 |
|
|
2024 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
8,092,430 |
|
|
8,275,131 |
| Investments |
4 |
|
|
2 |
|
|
2 |
|
|
|
|
8,092,432 |
|
|
8,275,133 |
|
| Current assets |
| Debtors |
5 |
|
10,086 |
|
|
5,711 |
| Cash at bank and in hand |
|
|
123,106 |
|
|
88,813 |
|
|
|
133,192 |
|
|
94,524 |
|
| Creditors: amounts falling due within one year |
6 |
|
(153,984) |
|
|
(129,542) |
|
|
|
|
|
(20,792) |
|
|
(35,018) |
|
| Total assets less current liabilities |
|
|
|
8,071,640 |
|
|
8,240,115 |
|
| Creditors: amounts falling due after more than one year |
7 |
|
|
(1,280,795) |
|
|
(1,280,795) |
| Provisions for liabilities |
8 |
|
|
(835,430) |
|
|
(835,430) |
|
|
|
|
|
5,955,415 |
|
|
6,123,890 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
1,000 |
|
|
1,000 |
| Investment property fair value reserve |
9 |
|
|
4,214,343 |
|
|
4,397,044 |
| Profit and loss account |
10 |
|
|
1,740,072 |
|
|
1,725,846 |
|
| Shareholders' funds |
|
|
|
5,955,415 |
|
|
6,123,890 |
|
|
|
|
|
|
|
|
| The directors are 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 directors acknowledge their 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. |
|
| J.Snelling |
| Director |
| Approved by the board on 22 October 2025 |
|
| Ambleside Property Investment Company |
| Notes to the Accounts |
| for the year ended 31 March 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). |
|
|
Rental Income |
|
Rental Income is measured at the fair value of the consideration received or receivable, net of value added tax, and is stated before collection fees and property costs. |
|
|
Investment Properties |
|
Investment Proprties have been measured at fair value at the reporting date with changes in fair |
|
value recognised in the Investment Property fair value reserve,being part of shareholders funds. |
|
The Investment Property fair value was determined by the directors by reference to reports |
|
from an independent qualified valuer who uses current market prices for comparable properties, |
|
adjusted for any difference in nature, location and condition. The directors have concluded that |
|
a lower value should be attributed to the company's holdings of Freehold Ground Rents to |
|
reflect current market conditions. |
|
|
Investments |
|
Investment in the subsidary is stated at cost. |
|
|
Deferred Taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Employees |
2025 |
|
2024 |
| Number |
Number |
|
|
Average number of persons employed by the company |
6 |
|
6 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Land and buildings |
| £ |
|
Cost and revaluation |
|
At 1 April 2024 |
8,275,131 |
|
Surplus on revaluation |
(182,701) |
|
At 31 March 2025 |
8,092,430 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2025 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2025 |
8,092,430 |
|
At 31 March 2024 |
8,275,131 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2025 |
|
2024 |
| £ |
£ |
|
Historical cost |
3,054,477 |
|
3,054,477 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
3,054,477 |
|
3,054,477 |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| £ |
|
Cost |
|
At 1 April 2024 |
2 |
|
|
At 31 March 2025 |
2 |
|
|
| 5 |
Debtors |
2025 |
|
2024 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
10,086 |
|
5,711 |
|
Other debtors |
|
|
|
|
- |
|
- |
|
|
|
|
|
|
|
|
|
|
Amounts due after more than one year included above |
5,711 |
|
5,711 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Trade creditors |
114,200 |
|
86,000 |
|
Taxation and social security costs |
18,141 |
|
22,730 |
|
Other creditors |
21,643 |
|
20,812 |
|
|
|
|
|
|
153,984 |
|
129,542 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Creditors: amounts falling due after one year |
2025 |
|
2024 |
| £ |
£ |
|
|
Secured Bank Loan repayable after more than 5 years |
1,280,795 |
|
1,280,795 |
|
|
|
|
|
|
|
|
|
|
|
Certain Investment properties are charged to the bank. |
|
|
| 8 |
Provisions for liabilities |
|
|
|
|
2025 |
|
2024 |
| £ |
£ |
|
|
Deferred taxation |
|
Brought forward |
|
|
|
|
835,430 |
|
835,430 |
|
|
|
|
|
|
|
|
|
|
|
| 9 |
Investment property fair value reserve |
2025 |
|
2024 |
| £ |
£ |
|
|
At 1 April 2024 |
4,397,044 |
|
4,397,044 |
|
Loss on revaluation of land and buildings |
(182,701) |
|
- |
|
|
|
|
|
|
|
4,214,343 |
|
4,397,044 |
|
|
|
|
|
|
|
|
|
|
|
|
| 10 |
|
Other information |
|
|
Ambleside Property Investment Company is a private unlimited company and incorporated in England. Its registered office is: |
|
Elm Cottages |
|
Claygate |
|
Esher |
|
Surrey |
|
KT10 0EJ |