IRIS Accounts Production v25.4.0.155 09522075 director 1.1.24 31.12.24 31.12.24 false true false false true false Ordinary A shares 1.00000 Ordinary B shares 1.00000 Ordinary C shares 1.00000 iso4217:GBP iso4217:USD iso4217:EUR xbrli:shares xbrli:pure utr:tonnes utr:kWh 09522075 2023-12-31 09522075 2024-12-31 09522075 2024-01-01 2024-12-31 09522075 2022-12-31 09522075 2023-01-01 2023-12-31 09522075 2023-12-31 09522075 ns15:EnglandWales 2024-01-01 2024-12-31 09522075 ns14:PoundSterling 2024-01-01 2024-12-31 09522075 ns10:Director1 2024-01-01 2024-12-31 09522075 ns10:PrivateLimitedCompanyLtd 2024-01-01 2024-12-31 09522075 ns10:SmallEntities 2024-01-01 2024-12-31 09522075 ns10:AuditExempt-NoAccountantsReport 2024-01-01 2024-12-31 09522075 ns10:SmallCompaniesRegimeForDirectorsReport 2024-01-01 2024-12-31 09522075 ns10:SmallCompaniesRegimeForAccounts 2024-01-01 2024-12-31 09522075 ns10:FullAccounts 2024-01-01 2024-12-31 09522075 ns10:OrdinaryShareClass1 2024-01-01 2024-12-31 09522075 ns10:OrdinaryShareClass2 2024-01-01 2024-12-31 09522075 ns10:OrdinaryShareClass3 2024-01-01 2024-12-31 09522075 ns10:RegisteredOffice 2024-01-01 2024-12-31 09522075 ns5:CurrentFinancialInstruments 2024-12-31 09522075 ns5:CurrentFinancialInstruments 2023-12-31 09522075 ns5:ShareCapital 2024-12-31 09522075 ns5:ShareCapital 2023-12-31 09522075 ns5:SharePremium 2024-12-31 09522075 ns5:SharePremium 2023-12-31 09522075 ns5:RetainedEarningsAccumulatedLosses 2024-12-31 09522075 ns5:RetainedEarningsAccumulatedLosses 2023-12-31 09522075 ns5:PlantMachinery 2024-01-01 2024-12-31 09522075 ns5:PlantMachinery 2023-12-31 09522075 ns5:PlantMachinery 2024-12-31 09522075 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2024-12-31 09522075 ns5:WithinOneYear ns5:CurrentFinancialInstruments 2023-12-31 09522075 ns5:Secured 2024-12-31 09522075 ns5:Secured 2023-12-31 09522075 ns10:OrdinaryShareClass1 2024-12-31 09522075 ns10:OrdinaryShareClass2 2024-12-31 09522075 ns10:OrdinaryShareClass3 2024-12-31

REGISTERED NUMBER: 09522075 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 December 2024

for

Ambassador Developments (Park Quadrant)

Limited

Ambassador Developments (Park Quadrant)

Limited (Registered number: 09522075)

Contents of the Financial Statements

for the Year Ended 31 December 2024

Page |

Company Information | 1 |

Balance Sheet | 2 |

Notes to the Financial Statements | 3 |

Ambassador Developments (Park Quadrant)

Limited

Company Information

for the Year Ended 31 December 2024

| DIRECTOR: | D Gaffney

| REGISTERED OFFICE: | One Fleet Place

| London

| EC4M 7WS

| REGISTERED NUMBER: | 09522075 (England and Wales)

| ACCOUNTANTS: | McLay McAlister & McGibbon LLP

| Chartered Accountants

| 145 St Vincent Street

| Glasgow

| G2 5JF

Ambassador Developments (Park Quadrant)

Limited (Registered number: 09522075)

Balance Sheet

31 December 2024

| 31.12.24 |  | 31.12.23

| Notes | £ | £ |

CURRENT ASSETS

Stocks | - |  | 372,374 |  |

Debtors | 5 | 3,013 |  | 8,971 |  |

Cash at bank | 125,528 |  | 969,203 |  |

128,541 |  | 1,350,548 |  |

CREDITORS

Amounts falling due within one year | 6 | (7,563,195 | ) | (8,259,499 | ) |

NET CURRENT LIABILITIES | (7,434,654 | ) | (6,908,951 | ) |

TOTAL ASSETS LESS CURRENT LIABILITIES | (7,434,654 | ) | (6,908,951 | ) |

CAPITAL AND RESERVES

Called up share capital | 8 | 20 |  | 20 |  |

Share premium | 96 |  | 96 |  |

Retained earnings | (7,434,770 | ) | (6,909,067 | ) |

SHAREHOLDERS' FUNDS | (7,434,654 | ) | (6,908,951 | ) |

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2024.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2024 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 1 May 2026 and were signed by:

D Gaffney - Director

Ambassador Developments (Park Quadrant)

Limited (Registered number: 09522075)

Notes to the Financial Statements

for the Year Ended 31 December 2024

1. | STATUTORY INFORMATION

| Ambassador Developments (Park Quadrant) 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.

| Turnover

| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

| Tangible fixed assets

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

| Plant and machinery etc | - | 50% on cost

| The company's policy is to review the remaining useful lives and residual value of all tangible fixed assets on an on-going basis and to adjust the depreciation charge to reflect the remaining useful economic life and residual value.

| Stocks

| Work in progress is valued at the lower of cost and net realisable value.

| Cost is calculated using the first-in, first-out method and includes all purchase, transport, and handling costs in bringing stocks to their present location and condition.

| 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.

Ambassador Developments (Park Quadrant)

Limited (Registered number: 09522075)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

2. | ACCOUNTING POLICIES - continued

| Going concern

| The directors prepared projections for the life of the development which completed in December 2023. The main contractor for the development is a related party who ensures that contractors comply with the current government guidance.

| The entity's loan funding partner is kept regularly up to date on the progress of the project and has confirmed its continued support of the entity, to allow it to meet its liabilities as they fall due. There are ongoing discussions in regard to final settlement of loan amounts due, projected to be later in 2025. Following the settlement of liabilities but within 12 months of the date of approving the financial statements, the directors intend to liquidate the company.

| As the directors intend to liquidate the company, they therefore do not consider it appropriate to adopt the going concern basis of accounting in preparing the financial statements. Accordingly, the financial statements have been prepared on a basis other than going concern. No adjustments are required to the financial statements as a result of them being prepared on a basis other than that of a going concern.

3. | EMPLOYEES AND DIRECTORS

| The average number of employees during the year was 2 (2023 - 2 ) .

4. | TANGIBLE FIXED ASSETS

| Plant and

| machinery

| etc

£ |

| COST

| At 1 January 2024 | 131,496 |  |

| Disposals | (131,496 | ) |

| At 31 December 2024 | - |  |

| DEPRECIATION

| At 1 January 2024 | 131,496 |  |

| Eliminated on disposal | (131,496 | ) |

| At 31 December 2024 | - |  |

| NET BOOK VALUE

| At 31 December 2024 | - |  |

5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Other debtors | 3,013 |  | 8,971 |  |

6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |

| 31.12.24 |  | 31.12.23

£ | £ |

| Trade creditors | 18,184 |  | 29,940 |  |

| Amounts owed to group undertakings | - |  | 28,433 |  |

| Other creditors | 7,545,011 |  | 8,201,126 |  |

7,563,195 |  | 8,259,499 |  |

Ambassador Developments (Park Quadrant)

Limited (Registered number: 09522075)

Notes to the Financial Statements - continued

for the Year Ended 31 December 2024

7. | SECURED DEBTS

| The following secured debts are included within creditors:

| 31.12.24 |  | 31.12.23

£ | £ |

| Other loans | 7,521,541 |  | 8,078,626 |  |

| RS Luxembourg Li SARL hold fixed and floating charges over the company's assets in respect of this loan.

8. | CALLED UP SHARE CAPITAL

| Allotted, issued and fully paid:

| Number: | Class: | Nominal | 31.12.24 |  | 31.12.23

| value: | £ | £ |

| 6 | Ordinary A shares | 1 | 6 |  | 6 |  |

| 4 | Ordinary B shares | 1 | 4 |  | 4 |  |

| 10 | Ordinary C shares | 1 | 10 |  | 10 |  |

20 |  | 20 |  |