AAM Reading Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10187031 (England and Wales)

FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2020

FOR

AAM READING LTD

(FORMERLY AAM (SOLENT) LIMITED)

Page

Company Information

1

Abridged Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D A B Hughes

G E Bishop

SECRETARY:

D A B Hughes

REGISTERED OFFICE:

3 Duke of York Street

London

SW1Y 6JP

REGISTERED NUMBER:

10187031 (England and Wales)

ACCOUNTANTS:

McKenzies

Chartered Accountants

2 Station Road West

Oxted

Surrey

RH8 9EP

CURRENT ASSETS

Debtors

3,520

3,395

Cash at bank

407,310

87,979

410,830

91,374

CREDITORS

Amounts falling due within one year

320,286

285

NET CURRENT ASSETS

90,544

91,089

TOTAL ASSETS LESS CURRENT LIABILITIES

90,544

91,089

CAPITAL AND RESERVES

Called up share capital

4

200

200

Retained earnings

90,344

90,889

SHAREHOLDERS' FUNDS

90,544

91,089

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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.

All the members have consented to the preparation of an abridged Income Statement and an abridged Balance Sheet for the year ended 31 December 2020 in accordance with Section 444(2A) of the Companies Act 2006.

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 April 2021 and were signed on its behalf by:

D A B Hughes - Director

1.	STATUTORY INFORMATION

AAM Reading Ltd 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.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes.

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.

3.	EMPLOYEES AND DIRECTORS

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

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2020

2019

value:

£

£

200

Ordinary

£1

200

200

5.	RELATED PARTY DISCLOSURES

During the year the company paid £Nil (2019 - £25,000) in management fees to Alchemy Asset Management Limited, a company under common control.

During the year Alchemy Asset Management Limited also made a loan to the company of £320,000. The loan is interest free and has no set repayment terms.