Amstey Investments Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 03919473 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 December 2019

for

Amstey Investments Limited

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

4

DIRECTORS:

G Roff

A Roff

S J Roff

REGISTERED OFFICE:

Amstey Cottage

Farm Lane

Ashtead

KT21 1LR

BUSINESS ADDRESS:

4 Birkbeck Road

Wimbledon

SW19 8NZ

REGISTERED NUMBER:

03919473 (England and Wales)

ACCOUNTANTS:

Silbury Accountants Limited

Chartered Accountants

Oak Apple House

North Street

Milborne Port

Sherborne

DT9 5EW

FIXED ASSETS

Property, plant and equipment

4

12,940

17,251

Investment property

5

2,022,832

1,931,860

2,035,772

1,949,111

CURRENT ASSETS

Debtors

6

700

(375

)

Cash at bank

-

8,154

700

7,779

CREDITORS

Amounts falling due within one year

7

450,280

484,491

NET CURRENT LIABILITIES

(449,580

)

(476,712

)

TOTAL ASSETS LESS CURRENT LIABILITIES

1,586,192

1,472,399

CAPITAL AND RESERVES

Called up share capital

8

1,000

1,000

Fair value reserve

9

472,589

394,589

Retained earnings

1,112,603

1,076,810

SHAREHOLDERS' FUNDS

1,586,192

1,472,399

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2019.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2019 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 11 May 2020 and were signed on its behalf by:

S J Roff - Director

1.	STATUTORY INFORMATION

Amstey Investments 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.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Revenue is measured at the fair value of the consideration received or receivable, excluding discounts,

rebates, value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery etc

-

25% on reducing balance

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 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 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 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2018 - 3 ) .

4.	PROPERTY, PLANT AND EQUIPMENT

Plant and

machinery

etc

£

COST

At 1 January 2019

and 31 December 2019

25,617

DEPRECIATION

At 1 January 2019

8,366

Charge for year

4,311

At 31 December 2019

12,677

NET BOOK VALUE

At 31 December 2019

12,940

At 31 December 2018

17,251

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 January 2019

1,931,860

Additions

12,972

Revaluations

78,000

At 31 December 2019

2,022,832

NET BOOK VALUE

At 31 December 2019

2,022,832

At 31 December 2018

1,931,860

Fair value at 31 December 2019 is represented by:

£

Valuation in 2014

250,887

Valuation in 2015

2,161

Valuation in 2016

34,681

Valuation in 2017

36,860

Valuation in 2018

70,000

Valuation in 2019

78,000

Cost

1,550,243

2,022,832

At 31 December 2019, the investment properties have been valued at fair market value by the director, S J

Roff.

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Trade debtors

-

(1,075

)

Other debtors

700

700

700

(375

)

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.19

31.12.18

£

£

Bank loans and overdrafts

1,195

-

Hire purchase contracts

9,977

15,375

Trade creditors

493

-

Taxation and social security

9,276

3,638

Other creditors

429,339

465,478

450,280

484,491

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.19

31.12.18

value:

£

£

1,000

ordinary

1

1,000

1,000

9.

RESERVES

Fair

value

reserve

£

At 1 January 2019

394,589

Arising on revaluation

78,000

At 31 December 2019

472,589

10.	GOING CONCERN

The arrival of Covid19 in March 2020 has a potential negative impact on trade for the year ending 31

December 2020. The announcement of government trading restrictions and lockdown of movement of

people has resulted in temporary uncertainty of trading, although currently the directors know of no

negative impact on lettings and are not seeking to sell any properties. Once the restrictions are eased, the

directors believe the company will return to full trading and will continue to be profitable. The directors will

continue to support the company through this period and believe that the business is a going concern.