A & M Investments Limited - Accounts to registrar (filleted)

REGISTERED NUMBER: 03500154 (England and Wales)

Unaudited Financial Statements

for the Year Ended 31 March 2020

for

A & M Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Chartered Accountants' Report

8

DIRECTORS:

C J Thomson

P Urmston

SECRETARY:

C J Thomson

REGISTERED OFFICE:

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

REGISTERED NUMBER:

03500154 (England and Wales)

ACCOUNTANTS:

Voisey & Co

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

FIXED ASSETS

Investment property

4

2,705,000

CURRENT ASSETS

Cash at bank

96,988

196,037

CREDITORS

Amounts falling due within one year

5

469,425

530,117

NET CURRENT LIABILITIES

(372,437

)

(334,080

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

2,332,563

2,370,920

CREDITORS

Amounts falling due after more than one year

6

-

100,000

NET ASSETS

2,332,563

2,270,920

CAPITAL AND RESERVES

Called up share capital

7

500,000

Revaluation reserve

8

629,255

Retained earnings

1,203,308

1,141,665

SHAREHOLDERS' FUNDS

2,332,563

2,270,920

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2020.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2020 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 Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 23 June 2020 and were signed on
its behalf by:

C J Thomson - Director

1.	STATUTORY INFORMATION

A & M 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.

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 as

modified by the revaluation of certain assets.

Monetary amounts in these financial statements are rounded to the nearest £.

The principal accounting policies adopted are set out below.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are 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 considered to be

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.

Going concern

At the time of approving the financial statements, the directors have a reasonable expectation that the company has

adequate resources to continue in operational existence for the foreseeable future. Thus the directors continue to adopt

the going concern basis of accounting in preparing the financial statements.

Revenue recognition

Revenue is measured as the fair value of the consideration received or receivable and represents amounts receivable for

goods supplied and services provided including rental income on properties in the normal course of business net of

value added tax where applicable.

Investment property

Investment property is included at fair value. Gains are recognised in the income statement. Deferred taxation is

provided on these gains at the rate expected to apply when the property is sold.

Provisions

A provision is recognised in the balance sheet when the company has a constructive or legal obligation as a result of a

past event and it is probable that an outflow of economic benefits will be required to settle the obligation. If the effect

is material, provisions are determined by discounting the expected future cash flows at the current time value of money.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with bank, other

short-term liquid investments with original maturities of three months or less, and bank overdrafts.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other

Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's statement of financial position when the company becomes party

to the contractual provisions of the instrument.

Financial assets and liabilities are offset, with the net amounts presented in the financial statements, when there is a

legally enforcible right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the

net asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price

including transaction costs and are subsequently carried at amortised costs using the effective interest method unless the

arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future

receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not

amortised.

Other financial assets

Other financial assets, including investments in equity instruments which are not subsidiaries, associates or joint

ventures, are initially measured at fair value, which is normally the transaction price. Such assets are subsequently

carried at fair value and the changes in fair value are recognised in profit or loss, except that investments in equity

instruments that are not publically traded and whose fair values cannot be measured reliably are measured at cost less

impairment.

Impairment of financial assets

Financial assets, other than those held at fair value through profit or loss, are assessed for indicators of impairment at

each reporting end date.

Financial assets are impaired where there is objective evidence that, as a result of one or more events that occurred after

the initial recognition of the financial asset, the estimated future cash flows have been affected. If an asset is impaired,

the impairment loss is the difference between the carrying amount and the present value of the estimated cash flows

discounted at the asset's original effective interest rate. The impairment loss is recognised in profit or loss.

Derecognition of financial assets

Financial assets are derecognised only when the contractual rights to the cash flows from the asset expire or are settled,

or when the company transfers the financial asset and substantially all the risks and rewards of ownership to another

entity, or if some significant risks and rewards of ownership are retained but control of the asset has transferred to

another party that is able to sell the asset in its entirety to an unrelated third party.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements

entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after

deducting all of its liabilities. Basic financial liabilities, including creditors, bank loans, loans from fellow group

companies and preference shares that are classified as debt, are initially recognised at transaction price unless the

arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future

receipts discounted at a market rate of interest. Financial liabilities classified as payable within one year are not

amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business

from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not,

they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and

subsequently measured at amortised cost using the effective interest method.

Derecognition of financial liabilities

Financial liabilities are derecognised when the company's contractual obligations expire or are discharged or cancelled.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends

payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

The tax expense represents the sum of the tax currently payable and deferred tax.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the

profit and loss account because it excludes items of income and expense that are taxable or deductible in other years

and it further excludes items that are never taxable or deductible. The company's liability for current tax is calculated

using tax rates that have been enacted or substantively enacted by the reporting end date.

Deferred tax

Deferred tax liabilities are generally recognised for all timing differences and deferred tax assets are recognised to the

extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable

profits. Such assets and liabilities are not recognised if the timing difference arises from goodwill or from the initial

recognition of other assets and liabilities in a transaction that affects neither the tax profit nor the accounting profit.

The carrying amount of deferred tax assets is reviewed at each reporting end date and reduced to the extent that it is no

longer probable that sufficient taxable profits will be available to allow all or part of the asset to be recovered. Deferred

tax is calculated at the tax rates that are expected to apply in the period when the liability is settled or the asset is

realised. Deferred tax is charged or credited in the profit or loss account, except when it relates to items charged or

credited directly to equity, in which case the deferred tax is also dealt with in equity. Deferred tax assets and liabilities

are offset when the company has a legally enforceable right to offset current tax assets and liabilities and the deferred

tax assets and liabilities relate to taxes levied by the same tax authority.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2019 - 3 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 April 2019

and 31 March 2020

2,705,000

NET BOOK VALUE

At 31 March 2020

2,705,000

At 31 March 2019

2,705,000

Fair value at 31 March 2020 is represented by:

£

Valuation in 2020

2,705,000

If investment properties had not been revalued they would have been included at the following historical cost:

2020

2019

£

Cost

2,577,122

Investment properties were valued on an open market basis basis on 31 March 2014 by Fisher German, Chartered Surveyors

.

The directors have reviewed the market value at the year end date and an adjustment is deemed necessary to represent

the properties at market value.

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2020

2019

£

Trade creditors

12,500

Corporation tax

31,131

33,506

Social security and other taxes

682

3,485

Shareholder loan

404,338

465,338

Accrued expenses

20,774

15,288

469,425

530,117

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2020

2019

£

Amounts owed to participating interests

-

100,000

7.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

500,000

Ordinary

£1

500,000

8.

RESERVES

Revaluation

reserve

£

At 1 April 2019

and 31 March 2020

629,255

The following reproduces the text of the report prepared for the directors in respect of the company's annual unaudited

financial statements. In accordance with the Companies Act 2006, the company is only required to file a Balance Sheet.

Readers are cautioned that the Statement of Comprehensive Income and certain other primary statements and the

Report of the Directors are not required to be filed with the Registrar of Companies.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial

statements of A & M Investments Limited for the year ended 31 March 2020 which comprise the Income Statement, Balance

Sheet, Statement of Changes in Equity and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance.

This report is made solely to the Board of Directors of A & M Investments Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of A & M Investments Limited and state those matters that we have agreed to state to the Board of Directors of A & M Investments Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & M Investments Limited and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that A & M Investments Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & M Investments Limited. You consider that A & M Investments Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of A & M Investments Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

Voisey & Co

Chartered Accountants

8 Winmarleigh Street

Warrington

Cheshire

WA1 1JW

23 June 2020

A & M Investments Limited - Accounts to registrar (filleted) - small 18.2

A & M Investments Limited - Accounts to registrar (filleted) - small 18.2