Amherst Asset Management Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 10879332 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 July 2025

for

Amherst Asset Management Limited

Page

Statement of Financial Position

1

Notes to the Financial Statements

3

FIXED ASSETS

Tangible assets

4

1,200

1,800

CURRENT ASSETS

Debtors

5

229,425

160,614

Cash at bank

309,052

342,426

538,477

503,040

CREDITORS

Amounts falling due within one year

6

534,083

512,399

NET CURRENT ASSETS/(LIABILITIES)

4,394

(9,359

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

5,594

(7,559

)

CAPITAL AND RESERVES

Called up share capital

7

100

Retained earnings

5,494

(7,659

)

SHAREHOLDERS' FUNDS

5,594

(7,559

)

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 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 28 April 2026 and were signed on its behalf by:

Mr Marcus Louis Scott - Director

1.	STATUTORY INFORMATION

Amherst Asset Management Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address are as below:

Registered number:

10879332

Registered office:

85 Great Portland Street

London

W1W 7LT

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, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover is reduced for estimated customer returns, rebates and other similar allowances.

Sale of goods

Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods has transferred to the buyer. This is usually at the point that the customer has signed for the delivery of the goods.

Rendering of services

Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs. Turnover is only recognised to the extent of recoverable expenses when the outcome of a contract cannot be estimated reliably.

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

-

25% on cost

Computer equipment

-

25% on cost

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 statement of financial position date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the statement of financial position 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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Fixtures

and

Computer

fittings

equipment

Totals

£

COST

At 1 August 2024

and 31 July 2025

218

5,597

5,815

DEPRECIATION

At 1 August 2024

217

3,798

4,015

Charge for year

-

600

At 31 July 2025

217

4,398

4,615

NET BOOK VALUE

At 31 July 2025

1

1,199

1,200

At 31 July 2024

1

1,799

1,800

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade debtors

3,661

1,772

Other debtors

225,764

158,842

229,425

160,614

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.7.25

31.7.24

£

Trade creditors

11,624

14,108

Taxation and social security

40,041

46,955

Other creditors

482,418

451,336

534,083

512,399

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.7.25

31.7.24

value:

£

50

Ordinary A

£1

50

Ordinary B

£1

50

100

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £90,000 (2024 - £160,000) were paid to the directors .

The company was owed £15,336 (2024: £336) from its director, Mr Thomas Louis Scott who is also 50% shareholder of the company as at accounting year end date.

The company was owed £17,419 (2024: £2,419) from its director, Mr Marcus Louis Scott who is also 50% shareholder of the company as at accounting year end date.