ACCOUNTS - Final Accounts preparation

AMBERLEY CAPITAL LIMITED - Company Information

Caseware UK (AP4) 2021.0.152 2021.0.152 2022-02-282022-02-282021-03-01falsefalseNo description of principal activity22trueThe members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. 12452783 2021-03-01 2022-02-28 12452783 2020-02-10 2021-02-28 12452783 2022-02-28 12452783 2021-02-28 12452783 c:Director1 2021-03-01 2022-02-28 12452783 d:OfficeEquipment 2021-03-01 2022-02-28 12452783 d:OfficeEquipment 2022-02-28 12452783 d:OfficeEquipment 2021-02-28 12452783 d:OfficeEquipment d:OwnedOrFreeholdAssets 2021-03-01 2022-02-28 12452783 d:FreeholdInvestmentProperty 2022-02-28 12452783 d:FreeholdInvestmentProperty 2021-02-28 12452783 d:CurrentFinancialInstruments 2022-02-28 12452783 d:CurrentFinancialInstruments 2021-02-28 12452783 d:CurrentFinancialInstruments d:WithinOneYear 2022-02-28 12452783 d:CurrentFinancialInstruments d:WithinOneYear 2021-02-28 12452783 d:ShareCapital 2022-02-28 12452783 d:ShareCapital 2021-02-28 12452783 d:RetainedEarningsAccumulatedLosses 2022-02-28 12452783 d:RetainedEarningsAccumulatedLosses 2021-02-28 12452783 c:OrdinaryShareClass1 2021-03-01 2022-02-28 12452783 c:OrdinaryShareClass1 2022-02-28 12452783 c:OrdinaryShareClass1 2021-02-28 12452783 c:FRS102 2021-03-01 2022-02-28 12452783 c:AuditExempt-NoAccountantsReport 2021-03-01 2022-02-28 12452783 c:FullAccounts 2021-03-01 2022-02-28 12452783 c:PrivateLimitedCompanyLtd 2021-03-01 2022-02-28 xbrli:shares iso4217:GBP xbrli:pure

Registered number: 12452783

AMBERLEY CAPITAL LIMITED

UNAUDITED

ANNUAL REPORT

FOR THE YEAR ENDED 28 FEBRUARY 2022

AMBERLEY CAPITAL LIMITED

REGISTERED NUMBER: 12452783

BALANCE SHEET

AS AT 28 FEBRUARY 2022

		2022		2021
Note		£		£

Fixed assets
Tangible assets	4		3,359		3,695
Investment property	5		309,820		309,820
			313,179		313,515
Current assets
Debtors: amounts falling due within one year	6	1,524		-
Cash at bank and in hand		3,261		67
		4,785		67
Creditors: amounts falling due within one year	7	(370,635)		(345,855)
Net current liabilities			(365,850)		(345,788)
Total assets less current liabilities			(52,671)		(32,273)

Net liabilities			(52,671)		(32,273)

Capital and reserves
Called up share capital	8	100	100
Profit and loss account		(52,771)	(32,373)
		(52,671)	(32,273)

The directors consider that the company is entitled to exemption from audit under section 477 of the Companies Act 2006 and members have not required the company to obtain an audit for the year in question in accordance with section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements.

The financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies regime and in accordance with the provisions of FRS 102 Section 1A - small entities.

The financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime.

The company has opted not to file the profit and loss account in accordance with provisions applicable to companies subject to the small companies' regime.

The financial statements were approved and authorised for issue by the board and were signed on its behalf on 24 November 2022.

S J Cashmore

Director

The notes on pages 2 to 5 form part of these financial statements.

Page 1

AMBERLEY CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

1.	General information

Amberley Capital Limited (''the company'') is a limited liability company which was iincorporated and domiciled in the United Kingdom. The address of its registered office is disclosed on the company information page.
The financial statements are prepared in Sterling (£), which is the functional currency of the company. The financial statements are for the year ended to 28 February 2022. (2021 - from 10.02.2020 - 28.02.2021)

2.Accounting policies

2.1

Basis of preparation of financial statements

The financial statements have been prepared under the historical cost convention unless otherwise specified within these accounting policies and in accordance with Section 1A of Financial Reporting Standard 102, the Financial Reporting Standard applicable in the UK and the Republic of Ireland and the Companies Act 2006.

The following principal accounting policies have been applied:

2.2

Turnover

Turnover is recognised to the extent that it is probable that the economic benefits will flow to the company and the turnover can be reliably measured. Turnover comprises rent receivable from the investment properties during the year.

2.3

Finance costs

Finance costs are charged to profit or loss over the term of the debt using the effective interest method so that the amount charged is at a constant rate on the carrying amount. Issue costs are initially recognised as a reduction in the proceeds of the associated capital instrument.

2.4

Taxation

Tax is recognised in profit or loss except that a charge attributable to an item of income and expense recognised as other comprehensive income or to an item recognised directly in equity is also recognised in other comprehensive income or directly in equity respectively.

The current income tax charge is calculated on the basis of tax rates and laws that have been enacted or substantively enacted by the balance sheet date in the countries where the company operates and generates income.

2.5

Tangible fixed assets

Tangible fixed assets under the cost model are stated at historical cost less accumulated depreciation and any accumulated impairment losses. Historical cost includes expenditure that is directly attributable to bringing the asset to the location and condition necessary for it to be capable of operating in the manner intended by management.

Page 2

AMBERLEY CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

2.Accounting policies (continued)

2.5

Tangible fixed assets (continued)

Depreciation is charged so as to allocate the cost of assets less their residual value over their estimated useful lives, using the straight-line method.

Depreciation is provided on the following basis:

Office equipment

5 years straight-line

The assets' residual values, useful lives and depreciation methods are reviewed, and adjusted prospectively if appropriate, or if there is an indication of a significant change since the last reporting date.

Gains and losses on disposals are determined by comparing the proceeds with the carrying amount and are recognised in profit or loss.

2.6

Investment property

Investment property is carried at fair value determined annually by the directors and derived from the current market rents and investment property yields for comparable real estate, adjusted if necessary for any difference in the nature, location or condition of the specific asset. No depreciation is provided. Changes in fair value are recognised in the profit and loss account.

2.7

Debtors

Short-term debtors are measured at transaction price, less any impairment. Loans receivable are measured initially at fair value, net of transaction costs, and are measured subsequently at amortised cost using the effective interest method, less any impairment.

2.8

Financial instruments

The company only enters into basic financial instrument transactions that result in the recognition of financial assets and liabilities like trade and other debtors and creditors, loans from banks and other third parties, loans to related parties and investments in ordinary shares.

Employees

The average monthly number of employees, including directors, during the year was 2 (2021 - 2).

Page 3

AMBERLEY CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

4.	Tangible fixed assets

		Office equipment
		£
	Cost
	At 1 March 2021	4,031
	At 28 February 2022	4,031
	Depreciation
	At 1 March 2021	336
	Charge for the year on owned assets	336
	At 28 February 2022	672
	Net book value
	At 28 February 2022	3,359

5.	Investment property

		Freehold investment property
		£
	Cost
	At 1 March 2021	309,820
	At 28 February 2022	309,820

The 2022 valuations were made by the directors, on an open market value for existing use basis.

Debtors

					2022	2021
					£	£


Trade debtors	1,524	-
	1,524	-

Page 4

AMBERLEY CAPITAL LIMITED

NOTES TO THE FINANCIAL STATEMENTS

FOR THE YEAR ENDED 28 FEBRUARY 2022

7.	Creditors: Amounts falling due within one year
		2022	2021
		£	£

Other taxation and social security	318	-
Other creditors	313,317	317,355
Accruals and deferred income	57,000	28,500
	370,635	345,855

8.	Share capital
		2022	2021
		£	£

Allotted, called up and fully paid

100 (2021 - 100) Ordinary shares of £1 each	100	100

Page 5