Amesten Developments Limited 30/10/2018 iXBRL

Amesten Developments Limited 30/10/2018 iXBRL

AMESTEN DEVELOPMENTS LIMITED - Company Information

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Company registration number: 10453934
Amesten Developments Limited
Unaudited financial statements
30 October 2018
Amesten Developments Limited
Contents
Directors and other information
Directors report
Accountants report
Statement of comprehensive income
Statement of financial position
Statement of changes in equity
Notes to the financial statements
Amesten Developments Limited
Directors and other information
Directors Mr Ross Lawson
Company number 10453934
Registered office 169 PICCADILLY
london
W1J 9EH
Accountants Severin Finance Ltd
2 Dartmouth Street
London
SW1H 9BP
Amesten Developments Limited
Directors report
Year ended 30 October 2018
The directors present their report and the unaudited financial statements of the company for the year ended 30 October 2018.
Directors
The directors who served the company during the year were as follows:
Mr Ross Lawson
Small company provisions
This report has been prepared in accordance with the provisions applicable to companies entitled to the small companies exemption.
This report was approved by the board of directors on 26 November 2019 and signed on behalf of the board by:
Mr Ross Lawson
Director
Amesten Developments Limited
Report to the board of directors on the preparation of the
unaudited statutory financial statements of Amesten Developments Limited
Year ended 30 October 2018
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Amesten Developments Limited for the year ended 30 October 2018 which comprise the statement of comprehensive income, statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Chartered Institute of Management Accountants, we are subject to its ethical and other professional requirements which are detailed at www.cimaglobal.com.
Our work has been undertaken in accordance with the requirements of the Chartered Institute of Management Accountants as detailed at www.cimaglobal.com.
Severin Finance Ltd
ACMA
2 Dartmouth Street
London
SW1H 9BP
Amesten Developments Limited
Statement of comprehensive income
Year ended 30 October 2018
2018 2017
Note £ £
Turnover 75,418 54,084
Staff costs ( 4,082) ( 5,000)
Other operating expenses ( 42,416) ( 6,695)
_______ _______
Operating profit 28,920 42,389
_______ _______
Profit before taxation 28,920 42,389
Tax on profit ( 5,495) ( 8,230)
_______ _______
Profit for the financial year and total comprehensive income 23,425 34,159
_______ _______
All the activities of the company are from continuing operations.
Amesten Developments Limited
Statement of financial position
30 October 2018
2018 2017
Note £ £ £ £
Current assets
Cash at bank and in hand 46,680 54,342
_______ _______
46,680 54,342
Creditors: amounts falling due
within one year 5 ( 45,925) ( 20,182)
_______ _______
Net current assets 755 34,160
_______ _______
Total assets less current liabilities 755 34,160
_______ _______
Net assets 755 34,160
_______ _______
Capital and reserves
Called up share capital 1 1
Profit and loss account 754 34,159
_______ _______
Shareholders funds 755 34,160
_______ _______
For the year ending 30 October 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors responsibilities:
- The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
- The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with FRS 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
These financial statements were approved by the board of directors and authorised for issue on 26 November 2019 , and are signed on behalf of the board by:
Mr Ross Lawson
Director
Company registration number: 10453934
Amesten Developments Limited
Statement of changes in equity
Year ended 30 October 2018
Called up share capital Profit and loss account Total
£ £ £
At 31 October 2016 - - -
Profit for the year 34,159 34,159
_______ _______ _______
Total comprehensive income for the year - 34,159 34,159
Issue of shares 1 1
_______ _______ _______
Total investments by and distributions to owners 1 - 1
_______ _______ _______
At 30 October 2017 and 31 October 2017 1 34,159 34,160
Profit for the year 23,425 23,425
_______ _______ _______
Total comprehensive income for the year - 23,425 23,425
Dividends paid and payable ( 56,830) ( 56,830)
_______ _______ _______
Total investments by and distributions to owners - ( 56,830) ( 56,830)
_______ _______ _______
At 30 October 2018 1 754 755
_______ _______ _______
Amesten Developments Limited
Notes to the financial statements
Year ended 30 October 2018
1. General information
The company is a private company limited by shares, registered in England & Wales. The address of the registered office is 4th Floor, 169 PICCADILLY, london, W1J 9EH.
2. Statement of compliance
These financial statements have been prepared in compliance with the provisions of FRS 102, Section 1A, 'The Financial Reporting Standard applicable in the UK and Republic of Ireland'.
3. Accounting policies
Basis of preparation
The financial statements have been prepared on the historical cost basis, as modified by the revaluation of certain financial assets and liabilities and investment properties measured at fair value through profit or loss.
The financial statements are prepared in sterling, which is the functional currency of the entity.
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer, usually on despatch of the goods; the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
4. Staff costs
The average number of persons employed by the company during the year amounted to Nil (2017: Nil).
The aggregate payroll costs incurred during the year were:
2018 2017
£ £
Wages and salaries 4,082 5,000
_______ _______
No staff costs
5. Creditors: amounts falling due within one year
2018 2017
£ £
Corporation tax 13,725 8,230
Social security and other taxes - 4,999
Other creditors 32,200 6,953
_______ _______
45,925 20,182
_______ _______