REGISTERED NUMBER: 04855865 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2025

for

Amicus Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

S M Hemmings

Mrs C R Hemmings

SECRETARY:

Mrs C R Hemmings

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

04855865 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

FIXED ASSETS

Tangible assets

4

-

-

Investment property

5

560,591

465,000

560,591

465,000

CURRENT ASSETS

Cash at bank

9,657

54,778

CREDITORS

Amounts falling due within one year

6

329,058

252,998

NET CURRENT LIABILITIES

(319,401

)

(198,220

)

TOTAL ASSETS LESS CURRENT LIABILITIES

241,190

266,780

PROVISIONS FOR LIABILITIES

6,466

9,316

NET ASSETS

234,724

257,464

CAPITAL AND RESERVES

Called up share capital

2

2

Fair value reserve

7

60,468

82,618

Retained earnings

7

174,254

174,844

SHAREHOLDERS' FUNDS

234,724

257,464

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

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

The directors acknowledge their 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 9 December 2025 and were signed on its behalf by:

S M Hemmings - Director

1.	STATUTORY INFORMATION

Amicus Properties 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 property rentals receivable. Turnover is recognised when rentals are due in accordance with the lease terms.

Tangible fixed assets

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

Computer equipment - 33% on cost

Investment property

Investment property is not depreciated but is revalued annually at its fair value, in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland". Any aggregate surplus or deficit arising from changes in fair value are taken to the profit and loss account and transferred to a fair value reserve where a net surplus arises .

Leasing commitments

Rentals received under operating leases are charged to the profit and loss account as incurred.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 2 (2024 - 2 ) .

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 1 April 2024

and 31 March 2025

1,162

DEPRECIATION

At 1 April 2024

and 31 March 2025

1,162

NET BOOK VALUE

At 31 March 2025

-

At 31 March 2024

-

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2024

465,000

Additions

120,591

Revaluations

(25,000

)

At 31 March 2025

560,591

NET BOOK VALUE

At 31 March 2025

560,591

At 31 March 2024

465,000

Fair value at 31 March 2025 is represented by:

£

Valuation in 2025

560,591

If investment properties had not been revalued they would have been included at the following historical cost:

2025

2024

£

£

Cost

492,857

373,066

Aggregate depreciation

(97,790

)

(90,129

)

Investment properties were valued on a fair value basis on 31 March 2025 by the directors .

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Trade creditors

454

-

Tax

-

1,064

Other creditors

2,492

2,492

Directors' current account

324,576

248,243

Accrued expenses

1,536

1,199

329,058

252,998

7.

RESERVES

Fair

Retained

value

earnings

reserve

Totals

£

£

£

At 1 April 2024

174,844

82,618

257,462

Deficit for the year

(22,740

)

(22,740

)

Revaluation of investment

properties

25,000

(25,000

)

-

Deferred tax on revaluation

(2,850

)

2,850

-

At 31 March 2025

174,254

60,468

234,722