AM Property Management (NI) Limited iXBRL

Company Registration Number: NI060855

AM Property Management (NI) Limited

Unaudited Financial Statements

for the financial year ended 30 September 2025

AM Property Management (NI) Limited

DIRECTORS AND OTHER INFORMATION


Directors	John Carrigan
	Sam Carrigan (Appointed 21 February 2025)
	Aaron McKinney (Resigned 5 February 2025)


Company Registration Number	NI060855


Registered Office and Business Address	54 Belmont Road
	Belfast
	Co. Antrim
	BT4 2AN


Accountants	Quarter
	Chartered Accountants
	St Anne's House
	15 Church Street
	Cathedral Quarter
	Belfast
	BT1 1PG


Bankers	AIB
	35 University Road
	Belfast
	BT7 1ND

AM Property Management (NI) Limited

CHARTERED ACCOUNTANTS REPORT

to the Board of Directors on the Compilation of the unaudited financial statements of AM Property Management (NI) Limited

for the financial year ended 30 September 2025

In accordance with the engagement letter and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled for your approval the financial statements of the company for the financial year ended 30 September 2025 as set out on pages to which comprise the Statement of Financial Position and the related notes from the company's accounting records and from information and explanations you have given to us.

This report is made solely to the Board of Directors of AM Property Management (NI) Limited, as a body, in accordance with the terms of our engagement. Our work has been undertaken so that we might compile the financial statements that we have been engaged to compile, report to the company’s Board of Directors that we have done so, and state those matters that we have agreed to state to them in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the Company and its Board of Directors, as a body, for our work or for this report.

We have carried out this engagement in accordance with guidance issued by Chartered Accountants Ireland and have complied with the relevant ethical guidance laid down by Chartered Accountants Ireland relating to members undertaking the compilation of financial statements.

You have acknowledged on the Statement of Financial Position for the year ended 30 September 2025 your duty to ensure that AM Property Management (NI) Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AM Property Management (NI) Limited. You consider that AM Property Management (NI) Limited is exempt from the statutory audit requirement for the financial year.

We have not been instructed to carry out an audit or a review of the financial statements of AM Property Management (NI) Limited. For this reason, we have not verified the adequacy, accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

__________________________________

QUARTER

Chartered Accountants

St Anne's House

15 Church Street

Cathedral Quarter

Belfast

BT1 1PG

19 June 2026

AM Property Management (NI) Limited

Company Registration Number: NI060855

STATEMENT OF FINANCIAL POSITION

as at 30 September 2025

		2025	2024
	Notes	£	£

Non-Current Assets

Property, plant and equipment

4,440

5,927

─────────

Current Assets

Receivables

108,359

119,594

Cash and cash equivalents

178,688

166,412

─────────

287,047

286,006

─────────

Payables: amounts falling due within one year

(168,803)

(178,715)

─────────

Net Current Assets

118,244

107,291

─────────

Total Assets less Current Liabilities

122,684

113,218

Provisions for liabilities

(844)

(1,126)

─────────

Net Assets

121,840

112,092

═════════

Equity

Called up share capital

Retained earnings

121,839

112,091

─────────

Equity attributable to owners of the company

121,840

112,092

═════════

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A (Small Entities).

The company has taken advantage of the exemption under section 444 not to file the Income Statement and Directors' Report.

For the financial year ended 30 September 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006.

The directors confirm that the members have not required the company to obtain an audit of its financial statements for the financial year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for ensuring that the company keeps accounting records which comply with section 386 and for preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of the financial year and of its profit and loss for the 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.

Approved by the Board and authorised for issue on 19 June 2026 and signed on its behalf by



________________________________
John Carrigan
Director

AM Property Management (NI) Limited

NOTES TO THE FINANCIAL STATEMENTS

for the financial year ended 30 September 2025

General Information

AM Property Management (NI) Limited is a company limited by shares incorporated and registered in Northern Ireland. The registered number of the company is NI060855. The registered office of the company is 54 Belmont Road, Belfast, Co. Antrim, BT4 2AN which is also the principal place of business of the company. The principal activity is that of an estate agent. The financial statements have been presented in Pound (£) which is also the functional currency of the company.

Summary of Significant Accounting Policies

The following accounting policies have been applied consistently in dealing with items which are considered material in relation to the company's financial statements.

Statement of compliance

The financial statements of the company for the year ended 30 September 2025 have been prepared in accordance with the provisions of FRS 102 Section 1A (Small Entities) and the Companies Act 2006.

Basis of preparation

The financial statements have been prepared on the going concern basis and in accordance with the historical cost convention except for certain properties and financial instruments that are measured at revalued amounts or fair values, as explained in the accounting policies below. Historical cost is generally based on the fair value of the consideration given in exchange for assets.

Revenue

Turnover represents the total invoice value, excluding value added tax, of sales made during the year.

Property, plant and equipment and depreciation

Property, plant and equipment are stated at cost or at valuation, less accumulated depreciation. The charge to depreciation is calculated to write off the original cost or valuation of property, plant and equipment, less their estimated residual value, over their expected useful lives as follows:

Plant and machinery

25% reducing balance

Fixtures, fittings and equipment

25% reducing balance

The carrying values of tangible fixed assets are reviewed annually for impairment in periods if events or changes in circumstances indicate the carrying value may not be recoverable.

Trade and other receivables

Trade and other receivables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Provisions

Provisions are recognised when the company has a present legal or constructive obligation arising as a result of a past event, it is probable that an outflow of economic benefits will be required to settle the obligation and a reliable estimate can be made. Provisions are measured at the present value of the expenditures expected to be required to settle the obligation using a pre-tax rate that reflects current market assessments of the same value of money and the risks specific to the obligation. The increase in the provision due to passage of time is recognised as interest expense.

Trade and other payables

Trade and other payables are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Employee benefits

The company operates a defined contribution pension scheme. The assets of the scheme are held separately from those of the company in an independently administered fund. The company also operates a defined benefit pension scheme for its employees providing benefits based on final pensionable pay. The assets of this scheme are also held separately from those of the company, being invested with pension fund managers.

Taxation and deferred taxation

Current tax represents the amount expected to be paid or recovered in respect of taxable profits for the financial year and is calculated using the tax rates and laws that have been enacted or substantially enacted at the Statement of Financial Position date.

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date where transactions or events have occurred at that date that will result in an obligation to pay more tax in the future, or a right to pay less tax in the future. Timing differences are temporary differences between the company's taxable profits and its results as stated in the financial statements.

Deferred tax is measured on an undiscounted basis at the tax rates that are anticipated to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the Statement of Financial Position date.

Foreign currencies

Monetary assets and liabilities denominated in foreign currencies are translated at the rates of exchange ruling at the Statement of Financial Position date. Non-monetary items that are measured in terms of historical cost in a foreign currency are translated at the rates of exchange ruling at the date of the transaction. Non-monetary items that are measured at fair value in a foreign currency are translated using the exchange rates at the date when the fair value was determined. The resulting exchange differences are dealt with in the Income Statement.

Ordinary share capital

The ordinary share capital of the company is presented as equity.

Employees

The average monthly number of employees, including Directors During the financial year was 10, (2024 - 8)

2025

2024

Number

Number

Average Number of Employees

═════════


4.	Property, plant and equipment
		Plant and	Fixtures,	Total
		machinery	fittings and
			equipment
		£	£	£
	Cost
	At 1 October 2024	17,805	32,732	50,537
	Additions	-	2,086	2,086
	Disposals	(13,988)	(27,676)	(41,664)
		─────────	─────────	─────────
	At 30 September 2025	3,817	7,142	10,959
		─────────	─────────	─────────
	Depreciation
	At 1 October 2024	15,588	29,022	44,610
	Charge for the financial year	433	1,048	1,481
	On disposals	(13,502)	(26,070)	(39,572)
		─────────	─────────	─────────
	At 30 September 2025	2,519	4,000	6,519
		─────────	─────────	─────────
	Carrying amount
	At 30 September 2025	1,298	3,142	4,440
		═════════	═════════	═════════
	At 30 September 2024	2,217	3,710	5,927
		═════════	═════════	═════════


5.	Receivables	2025	2024
		£	£

	Trade receivables	54,694	60,206
	Amounts owed by connected parties (Note 10)	44,660	50,000
	Other debtors	7,630	7,660
	Prepayments and accrued income	1,375	1,728
		─────────	─────────
		108,359	119,594
		═════════	═════════


6.	Payables	2025	2024
	Amounts falling due within one year	£	£

	Trade payables	11,889	8,538
	Amounts owed to connected parties (Note 10)	7,427	8,358
	Taxation (Note 7)	17,007	18,188
	Directors' current accounts	12	12
	Other creditors	126,049	137,177
	Accruals:
	Pension accrual	1,001	1,065
	Other accruals	5,418	5,377
		─────────	─────────
		168,803	178,715
		═════════	═════════


7.	Taxation	2025	2024
		£	£

	Payables:
	VAT	12,281	13,750
	PAYE / NI	4,726	4,438
		─────────	─────────
		17,007	18,188
		═════════	═════════

Provisions for liabilities

The amounts provided for deferred taxation are analysed below:

Capital

Total

Total

allowances

2025

2024

At financial year start

1,126

1,126

1,501

Charged to profit and loss

(282)

(282)

(375)

─────────

At financial year end

844

1,126

═════════

Capital commitments

The company had no material capital commitments at the financial year-ended 30 September 2025.

10.

Related party transactions

Balance

Movement

Balance

Maximum

2025

in year

2024

in year

Reaching Star Wealth Management Ltd

44,660

(5,340)

50,000

50,000

─────────

═════════

The following amounts are due to other connected parties:

2025

2024

Anytime Login

7,427

8,358

═════════

Net balances with other connected parties:

2025

2024

Reaching Star Wealth Management Ltd

44,660

50,000

Anytime Login

(7,427)

(8,358)

─────────

37,233

41,642

═════════

Mr John Carrigan is a director in Reaching Star Wealth Management Ltd and AM Property Management (NI) Ltd.

As at 1 October 2024 AM Property Management (NI) Ltd was owed £50,000 by Reaching Star Wealth Management Ltd.

During the financial year there was movement of £5,340 between Reaching Star Wealth Management Ltd and AM Property Management (NI) Ltd.

As at 30 September 2025 AM Property Management (NI) Ltd was owed £44,660 by Reaching Star Wealth Management Ltd.

AM Property Management (NI) Ltd also managed rental of properties owned by Reaching Star Wealth Management Ltd during the financial year. This was carried out on an arms length basis.

Mr John Carrigan is a director in Anytime Login Ltd and AM Property Management (NI) Ltd.

As at 1 October 2024 AM Property Management (NI) Ltd owed Anytime Login Ltd £8,358.

During the financial year there was movement of £931 between Anytime Ltd and AM Property Management (NI) Ltd.

As at 30 September 2025 AM Property Management (NI) Ltd owed Anytime Login Ltd £7,427.

11.

Events After the End of the Reporting Period

There have been no significant events affecting the company since the financial year-end.