A M B Developments Ltd - Limited company - abbreviated - 11.6

A M B Developments Ltd - Limited company - abbreviated - 11.6

A.M.B. DEVELOPMENTS LIMITED - Company Information

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REGISTERED NUMBER: 03854695 (England and Wales)











ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 30 SEPTEMBER 2014

FOR

A M B DEVELOPMENTS LTD

A M B DEVELOPMENTS LTD (REGISTERED NUMBER: 03854695)

CONTENTS OF THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014










Page

Abbreviated balance sheet 1

Notes to the abbreviated accounts 3

A M B DEVELOPMENTS LTD (REGISTERED NUMBER: 03854695)

ABBREVIATED BALANCE SHEET
30 SEPTEMBER 2014

2014 2013
Notes £    £    £    £   
Fixed assets
Tangible assets 2 2,015 2,743
Investment property 3 760,000 760,000
762,015 762,743

Current assets
Stocks 351,886 573,644
Debtors 16,974 26,428
Cash at bank 448,164 139,957
817,024 740,029
Creditors
Amounts falling due within one year 4 280,759 306,206
Net current assets 536,265 433,823
Total assets less current liabilities 1,298,280 1,196,566

Creditors
Amounts falling due after more than one year 4 (508,493 ) (536,696 )

Provisions for liabilities (207 ) (310 )
Net assets 789,580 659,560

Capital and reserves
Called up share capital 5 110 110
Revaluation reserve 252,787 252,787
Profit and loss account 536,683 406,663
Shareholders' funds 789,580 659,560

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 notes form part of these abbreviated accounts

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A M B DEVELOPMENTS LTD (REGISTERED NUMBER: 03854695)

ABBREVIATED BALANCE SHEET - continued
30 SEPTEMBER 2014


The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.


The financial statements were approved by the Board of Directors on 30 June 2015 and were signed on its behalf by:





Mr A Burke - Director


The notes form part of these abbreviated accounts

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A M B DEVELOPMENTS LTD (REGISTERED NUMBER: 03854695)

NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 SEPTEMBER 2014


1. Accounting policies

Accounting convention
The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain
assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover
Turnover from land and property in respect of the total proceeds of building and development is recognised at legal
completion and represents the amounts receivable for the property, net of discounts and VAT.

Turnover in respect of rental income represents amounts receivable from the letting of investment properties excluding
VAT and is recognised in accordance with the terms of the lease.

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 - 25% on reducing balance
Office furniture, fittings and equipment - 25% on reducing balance
Motor vehicles - 25% on reducing balance
Computer equipment - 25% on cost

Investment property
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in market
value is transferred to a revaluation reserve.

Stocks
Work In Progress is valued at the lower of cost and net realisable value and represents land and/or properties held for
development including land and/or properties in the course of development which until legal completion for the sale of the
asset is recorded at cost. Cost comprises direct costs including, where applicable, direct labour costs and overheads, not
including any general administrative overheads, that have been incurred in bringing the asset to the condition and location
as recorded at the balance sheet date.

Deferred tax
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet
date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the period of the
lease.

Employee benefit trusts (ebts)
The company has purchased a trust for the benefit of employees and certain of their dependants. Monies held in this trust
are held by independent trustees and managed at their discretion.

Where the company retains future economic benefit from, and has de facto control of the assets and liabilities of the trust,
they are accounted for as assets and liabilities of the company until the earlier of the date that an allocation of trust funds
to employees in respect of past services is declared and the date that assets of the trust vest in identified individuals.

Where monies held in a trust are determined by the company on the basis of employees' past services to the business and
the company can obtain no future economic benefit from those monies, such monies, whether in the trust or accrued for
by the company are charged to the profit and loss account in the period to which they relate.

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A M B DEVELOPMENTS LTD (REGISTERED NUMBER: 03854695)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
FOR THE YEAR ENDED 30 SEPTEMBER 2014


2. Tangible fixed assets
Total
£   
Cost
At 1 October 2013 35,085
Additions 586
At 30 September 2014 35,671
Depreciation
At 1 October 2013 32,342
Charge for year 1,314
At 30 September 2014 33,656
Net book value
At 30 September 2014 2,015
At 30 September 2013 2,743

3. Investment property
Total
£   
Cost or valuation
At 1 October 2013
and 30 September 2014 760,000
Net book value
At 30 September 2014 760,000
At 30 September 2013 760,000

4. Creditors

Creditors include an amount of £ 536,363 (2013 - £ 564,066 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014 2013
£    £   
Repayable by instalments 394,513 422,716

5. Called up share capital

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
100 Ordinary £1 100 100
10 Ordinary B £1 10 10
110 110

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