Amvro Developments Limited - Accounts to registrar (filleted) - small 18.2

Amvro Developments Limited - Accounts to registrar (filleted) - small 18.2

AMVRO DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 08586909 (England and Wales)











UNAUDITED FINANCIAL STATEMENTS

FOR THE PERIOD 1 JULY 2017 TO 31 MARCH 2018

FOR

AMVRO DEVELOPMENTS LIMITED
AMVRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08586909)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2017 TO 31 MARCH 2018




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


AMVRO DEVELOPMENTS LIMITED

COMPANY INFORMATION
FOR THE PERIOD 1 JULY 2017 TO 31 MARCH 2018







DIRECTOR: Mr V Amvrosiou





REGISTERED OFFICE: 238 Old Brompton Road
London
SW5 0DE





REGISTERED NUMBER: 08586909 (England and Wales)





ACCOUNTANTS: AGK Partners
Chartered Accountants
1 Kings Avenue
London
N21 3NA
Page 1
AMVRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08586909)

STATEMENT OF FINANCIAL POSITION
31 MARCH 2018

2018 2017
Notes £    £    £    £   
FIXED ASSETS
Investment property 4 918,274 918,274

CURRENT ASSETS
Debtors 5 529 221
Cash at bank 6,405 42,273
6,934 42,494
CREDITORS
Amounts falling due within one year 6 13,535 5,720
NET CURRENT (LIABILITIES)/ASSETS (6,601 ) 36,774
TOTAL ASSETS LESS CURRENT
LIABILITIES
911,673
955,048

CREDITORS
Amounts falling due after more than one
year
7
869,950
945,689
NET ASSETS 41,723 9,359

CAPITAL AND RESERVES
Called up share capital 1 1
Retained earnings 41,722 9,358
41,723 9,359

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 of Part 15 of the Companies Act 2006 relating to small companies.

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 on 21 March 2019 and were signed by:





Mr V Amvrosiou - Director


The notes form part of these financial statements

Page 2
AMVRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08586909)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD 1 JULY 2017 TO 31 MARCH 2018

1. STATUTORY INFORMATION

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

Significant judgements and estimates
In the application of the company's accounting policies, the director is required to make judgements, estimates
and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other
sources. The estimates and associated assumptions are based on historical experience and other factors that
are relevant. Actual results may differ from these estimates.

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

There are no significant judgements or estimates involved in the preparation of the financial statements.

Revenue
Revenue represents rents receivable.

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in
fair value is recognised in profit or loss.

Taxation
Taxation for the period 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 period 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.

Page 3 continued...
AMVRO DEVELOPMENTS LIMITED (REGISTERED NUMBER: 08586909)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE PERIOD 1 JULY 2017 TO 31 MARCH 2018

2. ACCOUNTING POLICIES - continued

Cash and cash equivalent
Cash and cash equivalents in the statement of financial position comprise cash at banks and in hand, short term
deposits with an original maturity date of one month. Cash equivalents are defined as short-term, highly liquid
investments that are readily convertible to known amounts of cash and that are subject to an insignificant risk of
changes in value.

Financial instruments
Basic financial instruments are recognised at amortised cost, except for investments in non-convertible
preference and non-puttable ordinary shares which are measured at fair value, with changes recognised in profit
or loss.

Derivative financial instruments are initially recorded at cost and thereafter at fair value with changes recognised
in profit and loss.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the period was NIL (2017 - NIL).

4. INVESTMENT PROPERTY
Total
£   
FAIR VALUE
At 1 July 2017
and 31 March 2018 918,274
NET BOOK VALUE
At 31 March 2018 918,274
At 30 June 2017 918,274

5. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade debtors 250 -
Other debtors 279 221
529 221

6. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
2018 2017
£    £   
Trade creditors 692 1,562
Taxation and social security 9,770 2,178
Other creditors 3,073 1,980
13,535 5,720

7. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR
2018 2017
£    £   
Other creditors 869,950 945,689

8. RELATED PARTY DISCLOSURES

Included in other creditors is an amount of £869,950 (2017: £945,689) due to the director. The loan is interest
free and repayable on demand.

Page 4