AM Clack Limited

	Page
Balance Sheet	1—2
Notes to the Financial Statements	3—5

Registered number: 08324971

		2025		2024
	Notes	£	£	£	£
FIXED ASSETS
Investment Properties	4		1,045,279		1,116,302
Investments	5		152		152

			1,045,431		1,116,454
CURRENT ASSETS
Debtors	6	12,773,053		15,583,027
Cash at bank and in hand		11,421		22,650

		12,784,474		15,605,677
Creditors: Amounts Falling Due Within One Year	7	(112,860 )		(8,646 )

NET CURRENT ASSETS (LIABILITIES)			12,671,614		15,597,031

TOTAL ASSETS LESS CURRENT LIABILITIES			13,717,045		16,713,485

NET ASSETS			13,717,045		16,713,485

CAPITAL AND RESERVES
Called up share capital	8		1		1
Profit and Loss Account			13,717,044		16,713,484

SHAREHOLDERS' FUNDS			13,717,045		16,713,485

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AM Clack Limited

Balance Sheet (continued)

As At 30 November 2025

For the year ending 30 November 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has taken advantage of section 444(1) of the Companies Act 2006 and opted not to deliver to the registrar a copy of the company's Profit and Loss Account.

On behalf of the board

Mr A M Clack

Director

31st July 2026

The notes on pages 3 to 5 form part of these financial statements.

1. General Information

AM Clack Limited is a private company, limited by shares, incorporated in England & Wales, registered number 08324971 . The registered office is 100 Boldmere Road, Sutton Coldfield, West Midlands, B73 5UB.

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

2. Accounting Policies

2.1. Basis of Preparation of Financial Statements

The financial statements have been prepared under the historical cost convention and in accordance with Financial Reporting Standard 102 section 1A Small Entities "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006.

2.2. Investment Properties

All investment properties are carried at fair value determined annually and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided for. Changes in fair value are recognised in the profit and loss account.

2.3. Foreign Currencies

Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate ruling on the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2.4. 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 the 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.

2.5. Investment in subsidiaries, associates and joint ventures

Investments in subsidiaries, associates and joint ventures are stated at cost less impairment.

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AM Clack Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

3. Average Number of Employees

Average number of employees, including directors, during the year was: NIL (2024: NIL)

4. Investment Property

	2025
	£
Fair Value
As at 1 December 2024	1,116,302
Fair value adjustments	(71,023 )

As at 30 November 2025	1,045,279

5. Investments

	Subsidiaries	Joint Ventures	Total
	£	£	£
Cost or Valuation
As at 1 December 2024	102	50	152

As at 30 November 2025	102	50	152

Provision
As at 1 December 2024	-	-	-

As at 30 November 2025	-	-	-

Net Book Value
As at 30 November 2025	102	50	152

As at 1 December 2024	102	50	152

6. Debtors

	2025	2024
	£	£
Due within one year
Prepayments and accrued income	100,667	100,641
Other debtors	5,770,500	8,182,000
Amounts owed by group undertakings	6,901,886	7,300,386

	12,773,053	15,583,027

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AM Clack Limited

Notes to the Financial Statements (continued)

For The Year Ended 30 November 2025

7. Creditors: Amounts Falling Due Within One Year

	2025	2024
	£	£
Trade creditors	-	3,101
Accrued expenses	109,666	1,694
Director's loan account	3,194	3,851

	112,860	8,646

8. Share Capital

	2025	2024
Allotted, called up and fully paid	£	£
1 Ordinary Shares of £ 1.00 each	1	1

9. Directors Advances, Credits and Guarantees

The following advances and credits to directors subsisted during the year ended 30 November 2025:

	As at 1 December 2024	Amounts advanced	Amounts repaid	Amounts written off	As at 30 November 2025
	£	£	£	£	£
Mr Alexander Clack	(3,851 )	2,753	(2,096 )	-	(3,194 )

No interest is charged on loans from directors. Amounts are repayable on demand.

10. Related Party Transactions

During a previous financial year, the Company loaned money to a joint venture, for which there is no specific interest rate or repayment term. Upon repayment of the capital amount, the joint venture will pay a fixed interest amount of £100,000.

The debtor is secured by way of a fixed charge over a property owned by the joint venture.

11. Exceptional Items

In the financial year ended 30 November 2024, the Company recognised an exceptional charge of £15,893,056 in relation to the impairment of B loan notes.

As part of an intra-group reorganisation, ownership of the B loan notes was transferred from the Company to a subsidiary. The subsidiary assessed the recoverability of the loan notes and determined that their carrying amount was fully impaired.

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