Ambalama Limited - Limited company accounts 20.1
Ambalama Limited - Limited company accounts 20.1
| REGISTERED NUMBER: |
| Ambalama Limited |
| Report of the Directors and |
| Unaudited Financial Statements for the Year Ended 31st March 2020 |
| Ambalama Limited (Registered number: 09145171) |
| Contents of the Financial Statements |
| for the year ended 31st March 2020 |
| Page |
| Company Information | 1 |
| Report of the Directors | 2 |
| Income Statement | 3 |
| Balance Sheet | 4 |
| Notes to the Financial Statements | 6 |
| Ambalama Limited |
| Company Information |
| for the year ended 31st March 2020 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 8 Blandfield Road |
| London |
| SW12 8BG |
| BANKERS: |
| Ambalama Limited (Registered number: 09145171) |
| Report of the Directors |
| for the year ended 31st March 2020 |
| The directors present their report with the financial statements of the company for the year ended 31st March 2020. |
| DIRECTORS |
| The directors shown below have held office during the whole of the period from 1st April 2019 to the date of this report. |
| This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies. |
| ON BEHALF OF THE BOARD: |
| Ambalama Limited (Registered number: 09145171) |
| Income Statement |
| for the year ended 31st March 2020 |
| 2020 | 2019 |
| Notes | £ | £ |
| TURNOVER |
| Cost of sales | ( |
) | ( |
) |
| GROSS (LOSS)/PROFIT | ( |
) |
| Administrative expenses | ( |
) | ( |
) |
| (31,709 | ) | (15,462 | ) |
| Other operating income |
| OPERATING LOSS and |
| LOSS BEFORE TAXATION | ( |
) | ( |
) |
| Tax on loss |
| LOSS FOR THE FINANCIAL YEAR |
( |
) |
( |
) |
| Ambalama Limited (Registered number: 09145171) |
| Balance Sheet |
| 31st March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 5 |
| CURRENT ASSETS |
| Debtors | 6 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
7 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
8 |
| NET LIABILITIES | ( |
) | ( |
) |
| Ambalama Limited (Registered number: 09145171) |
| Balance Sheet - continued |
| 31st March 2020 |
| 2020 | 2019 |
| Notes | £ | £ | £ | £ |
| CAPITAL AND RESERVES |
| Called up share capital | 9 |
| Retained earnings | 10 | ( |
) | ( |
) |
| SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
| 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 were approved by the Board of Directors and authorised for issue on |
| Ambalama Limited (Registered number: 09145171) |
| Notes to the Financial Statements |
| for the year ended 31st March 2020 |
| 1. | STATUTORY INFORMATION |
| Ambalama Limited is a |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover 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 |
| Freehold property | - |
| 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 balance sheet date. |
| Ambalama Limited (Registered number: 09145171) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2020 |
| 2. | ACCOUNTING POLICIES - continued |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet 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 NIL (2019 - NIL). |
| 4. | OPERATING LOSS |
| The operating loss is stated after charging: |
| 2020 | 2019 |
| £ | £ |
| Depreciation - owned assets |
| Ambalama Limited (Registered number: 09145171) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2020 |
| 5. | TANGIBLE FIXED ASSETS |
| Fixtures |
| Freehold | and |
| property | fittings | Totals |
| £ | £ | £ |
| COST |
| At 1st April 2019 |
| Additions |
| At 31st March 2020 |
| DEPRECIATION |
| At 1st April 2019 |
| Charge for year |
| At 31st March 2020 |
| NET BOOK VALUE |
| At 31st March 2020 |
| At 31st March 2019 |
| 6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade debtors |
| Other debtors |
| 7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Trade creditors |
| Other creditors |
| Ambalama Limited (Registered number: 09145171) |
| Notes to the Financial Statements - continued |
| for the year ended 31st March 2020 |
| 8. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 2020 | 2019 |
| £ | £ |
| Amounts owed to group undertakings |
| 9. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2020 | 2019 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 10. | RESERVES |
| Retained |
| earnings |
| £ |
| At 1st April 2019 | ( |
) |
| Deficit for the year | ( |
) |
| At 31st March 2020 | ( |
) |