REGISTERED NUMBER: 07273655 (England and Wales)

AMBER PROPERTY ( SOUTH WEST ) LIMITED

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 25 JUNE 2025

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

D M Cook

N P Manning

REGISTERED OFFICE:

Churchgate House

3 Church Road

Whitchurch

Cardiff

Glamorgan

CF14 2DX

REGISTERED NUMBER:

07273655 (England and Wales)

FIXED ASSETS

Tangible assets

4

34

40

Investment property

5

2,186,366

2,186,366

2,186,400

2,186,406

CURRENT ASSETS

Stocks

6

-

756,191

Debtors

7

5,669

1,149

Cash at bank

2,566

9,997

8,235

767,337

CREDITORS

Amounts falling due within one year

8

431,306

876,127

NET CURRENT LIABILITIES

(423,071

)

(108,790

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,763,329

2,077,616

CREDITORS

Amounts falling due after more than one year

9

(1,166,556

)

(1,471,699

)

PROVISIONS FOR LIABILITIES

11

(108,240

)

(112,576

)

NET ASSETS

488,533

493,341

CAPITAL AND RESERVES

Called up share capital

12

6

6

Non distributable reserves

337,729

337,729

Retained earnings

150,798

155,606

SHAREHOLDERS' FUNDS

488,533

493,341

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 25 June 2025.

The members have not required the company to obtain an audit of its financial statements for the year ended 25 June 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 15 January 2026 and were signed on its behalf by:

N P Manning - Director

1.	STATUTORY INFORMATION

Amber Property ( South West ) 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Going concern

The financial statements have been prepared on a going concern basis which assumes that the company will continue in operational existence for the foreseeable future. In making their assessment, the directors have reviewed the balance sheet, the likely future cashflows of the business and have considered the facilities that are available to the company along with their continued support.

At the date of approving the financial statements the directors have reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future and that the going concern basis of accounting remains appropriate. The directors continue to adopt the going concern basis of accounting in preparing the financial statements.

Significant judgements and estimates

In the application of the company's accounting policies, which are described in note 2, management are required to make judgements, estimates and assumptions about carrying values of assets and liabilities that are not readily apparent from other sources. The estimates and underlying assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on a ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised if the revision affects only that period, or in the period of the revision and future periods if the revision affects both current and future periods.

(i) Investment Properties - The fair value of investment properties involved the use of professional valuation techniques, which are reviewed annually by management. Where factors that could impact the fair value are identified, appropriate adjustments are made through the income statement.

Turnover

Turnover is measured at the fair value of consideration received on the sale of completed properties.

Turnover relates to the full selling price of completed properties without the deduction of selling fees.

Rental income

Turnover is recognised at the fair value of rent received or receivable in the normal course of business. Rental income is recognised in the period which it relates.

Tangible fixed assets

Tangible fixed assets held for the company's own use are stated at cost less accumulated depreciation and accumulated impairment losses.

Depreciation is provided at the following annual rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives:

Computer Equipment - 15% reducing balance

At each balance sheet date, the company reviews the carrying amount of its tangible fixed assets to determine whether there is any indication that any items have suffered an impairment loss. If any such indication exists, the recoverable amount of an asset is estimated in order to determine the extent of the impairment loss, if any. Where it is not possible to estimate the recoverable amount of the asset, the Company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Investment property

Investment properties are held to generate rental income and capital appreciation. Investment properties are initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Investment properties are subsequently remeasured at fair value. An assessment of investment property fair value is performed annually. Any changes in fair value are recognised in the income statement.

Deferred tax is recognised on any fair value changes at the rate that would apply to the sale of the investment property, unless the property has a limited useful life and is held as part of a business model to consume all of the economic benefits associated with it.

Stocks and work-in-progress

Land stock includes undeveloped land and land under development and is initially recorded at cost.

Work in progress is measured at the lower of cost and net realisable value. Cost includes all costs of purchase, costs of conversion and other costs, including site overheads, professional charges and other attributable overheads, incurred in bringing the work in progress to its present state of development. Full provision is made for losses in the year in which the loss is first foreseen.

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.

Provisions

Provisions are recognised when the company has an obligation at the balance sheet date as a result of a past event. It is probable that an outflow of economic benefit will be required in settlement and the amount can be reliable estimated.

Debtors and creditors receivable / payable within one year

Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at transaction price. Any losses rising from impairment are recognised in the profit and loss account in other administration expenses.

Cash and cash equivalents

Cash and cash equivalents are basic financial instruments and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

Financial instruments

The company has elected to apply the provisions of Section 11 "Basic Financial Instruments".

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument. Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a legally 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.

Basic financial assets

Basic financial assets, which include trade and other debtors, loans to related companies and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the financial asset is measured at the present value of the future receipts discounted at a market rate of interest.

Basic financial liabilities

Basic financial liabilities, including trade and other creditors, loans to related companies and bank loans are initially recognised at transaction price unless the arrangement constitutes a financial transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest.

Impairment

Assets not measured at fair value are reviewed for any indication that the asset may be impaired at each balance sheet date. If such indication exists, the recoverable amount of the asset, or the assets cash generating unit, is estimated and compared to the carrying amount. Where the carrying amount exceeds its recoverable amount, an impairment loss is recognised in profit or loss unless the asset is carried at a revalued amount where the impairment loss is a revaluation decrease.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Computer

equipment

£

COST

At 26 June 2024

and 25 June 2025

383

DEPRECIATION

At 26 June 2024

343

Charge for year

6

At 25 June 2025

349

NET BOOK VALUE

At 25 June 2025

34

At 25 June 2024

40

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 26 June 2024

and 25 June 2025

2,186,366

NET BOOK VALUE

At 25 June 2025

2,186,366

At 25 June 2024

2,186,366

The properties are initially recognised at cost which is deemed to be its fair value. The property value is reviewed on an annual basis and subsequently remeasured by the directors.

Fair value at 25 June 2025 is represented by:

£

Valuation in 2023

450,305

Cost

1,736,061

2,186,366

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

2025

2024

£

£

Cost

1,736,061

1,736,061

Investment property was valued on an open market basis on 25 June 2025 by the directors .

6.

STOCKS

2025

2024

£

£

Stock of land

-

235,000

Work-in-progress

-

521,191

-

756,191

7.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Other debtors

5,669

1,149

8.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2025

2024

£

£

Bank loans and overdrafts

10,061

63,361

Trade creditors

171,056

329,268

Taxation and social security

-

1,592

Other creditors

250,189

481,906

431,306

876,127

9.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2025

2024

£

£

Bank loans

1,166,556

1,471,699

10.	SECURED DEBTS

The following secured debts are included within creditors:

2025

2024

£

£

Bank loans

1,176,617

1,525,665

The bank loans are secured by way of fixed charge containing negative pledge.

11.	PROVISIONS FOR LIABILITIES

The deferred tax balance of £108,240 (2024 - £112,576) relates to the tax effect on changes in fair value of the investment property less accumulated trade losses.

12.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2025

2024

value:

£

£

6

Ordinary

£1

6

6

13.	TRANSACTIONS WITH DIRECTORS

The following advances and credits to directors subsisted during the years ended 25 June 2025 and 25 June 2024:

2025

2024

£

£

D M Cook

Balance outstanding at start of year

22,000

22,000

Amounts advanced

5,000

3,000

Amounts repaid

(5,000

)

(3,000

)

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

22,000

22,000

N P Manning

Balance outstanding at start of year

225,000

180,000

Amounts advanced

6,000

45,000

Amounts repaid

(235,000

)

-

Amounts written off

-

-

Amounts waived

-

-

Balance outstanding at end of year

(4,000

)

225,000

As at 25 June 2025 the company owed a director £22,000 (2004: £247,000) which is included within creditors amounts falling due within one year. As at 25 June 2025 the company was owed £4,000 (2024: nil) by a director which is included within other debtors due within one year.

The balances are interest free and repayable on demand.

14.	RELATED PARTY DISCLOSURES

15.	ULTIMATE CONTROLLING PARTY