Ah Mah's Limited
Ah Mah's Limited
Registered number: 04267933
Unaudited Financial Statements
For the Period 1 April 2018 to 28 February 2019
Ah Mah's Limited
Unaudited Financial Statements
For the Period 1 April 2018 to 28 February 2019
Unaudited Financial Statements
| Contents | |
| Page | |
|---|---|
| Balance Sheet | 1—2 |
| Notes to the Financial Statements | 3—5 |
Ah Mah's Limited
Balance Sheet
As at
28 February 2019
Balance Sheet
Registered number:
04267933
For the period ending 28 February 2019 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
| 28 February 2019 | 31 March 2018 | ||||
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| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| CURRENT ASSETS | |||||
| Debtors | 3 |
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| Cash at bank and in hand |
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| Creditors: Amounts Falling Due Within One Year | 4 |
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| NET CURRENT ASSETS (LIABILITIES) |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 5 |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 7 |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS | 115,713 | 115,883 | |||
Page 1
Ah Mah's Limited
Balance Sheet (continued)
As at
28 February 2019
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their 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
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The notes on pages 3 to 5 form part of these financial statements.
Page 2
Ah Mah's Limited
Notes to the Financial Statements
For the Period 1 April 2018 to 28 February 2019
Notes to the Financial Statements
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the FRS 102 Section 1A Small Entities - The Financial Reporting Standard applicable in the UK and Republic of Ireland and the Companies Act 2006.
1.2.
Turnover
Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales taxes or duty. The following criteria must also be met before revenue is recognised:
Income from investment properties
Rental income from investment properties leased out under an operating lease is recognised in the income statement on a straight-line basis over the term of the lease. Lease incentives granted are recognised as an integral part of the total rental income over the life of the lease.
Service charge income is recognised as revenue in the period to which it relates.
Rendering of services
Revenue 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.
1.3.
Tangible Fixed Assets and Depreciation
Depreciation is provided at rates calculated to write off the cost of tangible fixed assets, less their estimated residual value, over their expected useful lives on the following basis:
| Plant & Machinery |
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1.4.
Investment Properties
Investment properties, including freehold and long leasehold properties, are those which are held either to earn rental income or for capital appreciation or both. Investment properties include property that is being constructed or developed for future use as an investment property.
Investment properties are initially recognised at cost which includes purchase cost and any directly attributable expenditure.
Investment properties whose fair value can be measured reliably are measured at fair value, based on the market valuations.
Any surplus or deficit on revaluation is recognised in the income statement as a fair value gains and losses.
Page 3
Ah Mah's Limited
Notes to the Financial Statements (continued)
For the Period 1 April 2018 to 28 February 2019
2.
Tangible Assets
| Investment Properties | Plant & Machinery | Total | |
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| £ | £ | £ | |
| Cost | |||
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| Depreciation | |||
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| Provided during the period | - |
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| Net Book Value | |||
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3.
Debtors
| 28 February 2019 | 31 March 2018 | ||
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| £ | £ | ||
| Due within one year | |||
| Prepayments and accrued income |
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4.
Creditors: Amounts Falling Due Within One Year
| 28 February 2019 | 31 March 2018 | ||
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| £ | £ | ||
| Accruals and deferred income |
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| Directors' loan accounts |
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5.
Creditors: Amounts Falling Due After More Than One Year
| 28 February 2019 | 31 March 2018 | ||
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| £ | £ | ||
| Bank loans |
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Page 4
Ah Mah's Limited
Notes to the Financial Statements (continued)
For the Period 1 April 2018 to 28 February 2019
6.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
| 28 February 2019 | 31 March 2018 | ||
|---|---|---|---|
| £ | £ | ||
| Bank loans and overdrafts | 162,320 | 162,320 |
8.
Related Party Transactions
Included in creditors due within one year is an amount of £91,141 (2018: £119,109) owed to its directors. The amount is interest free and repayable on demand.
9.
General Information
Ah Mah's Limited is a private company, limited by shares, incorporated in England & Wales, registered number 04267933 . The registered office is 161 Rosebery Avenue, Ground Floor, Clerkenwell, United Kingdom, EC1R 4QX.
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