Company Registration No. 10412567 (England and Wales)
AM Property Managers Limited
Unaudited accounts
for the year ended 31 October 2020
AM Property Managers Limited
Unaudited accounts
Contents
AM Property Managers Limited
Company Information
for the year ended 31 October 2020
Director
Zaheer Ahmed Aziz
Company Number
10412567 (England and Wales)
Registered Office
238 DURNSFORD ROAD
LONDON
SW19 8DS
ENGLAND
AM Property Managers Limited
Statement of financial position
as at 31 October 2020
Cash at bank and in hand
56,702
4,651
Creditors: amounts falling due within one year
(9,068)
(8,740)
Net current assets
47,634
3,036
Total assets less current liabilities
47,759
4,137
Creditors: amounts falling due after more than one year
(50,000)
-
Net (liabilities)/assets
(2,241)
4,137
Called up share capital
100
100
Profit and loss account
(2,341)
4,037
Shareholders' funds
(2,241)
4,137
For the year ending 31 October 2020 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered 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 profit and loss account has not been delivered to the Registrar of Companies.
The financial statements were approved by the Board and authorised for issue on 28 October 2021 and were signed on its behalf by
Zaheer Ahmed Aziz
Director
Company Registration No. 10412567
AM Property Managers Limited
Notes to the Accounts
for the year ended 31 October 2020
AM Property Managers Limited is a private company, limited by shares, registered in England and Wales, registration number 10412567. The registered office is 238 DURNSFORD ROAD, LONDON, SW19 8DS, ENGLAND.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
The principal accounting policies adopted in the preparation of the financial statements are set out below and have remained unchanged from the previous year, and also have been consistently applied within the same accounts.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
The accounts are presented in £ sterling.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Fixtures & fittings
25% SL
Under the accrual model, government grants relating to revenue are recognised on a systematic basis over the periods in which the company recognises the related costs for which the grant is intended to compensate. Grants that are receivable as compensation for expenses or losses already incurred or for the purpose of giving immediate financial support to the entity with no future related costs are recognised in income in the period in which it becomes receivable.
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are recognised in the profit and loss account when due.
At the time of approval of financial statements, following the period of lockdown brought about by the COVID-19 pandemic, the UK government is continuing with its plan to ease restrictions. Management continues to monitor trading activity and have reasonable expectations that the entity has the adequate resource to continue its operational existence for the foreseeable future. The entity therefore continues to adopt the going concern basis in preparing its financial statements.
AM Property Managers Limited
Notes to the Accounts
for the year ended 31 October 2020
4
Tangible fixed assets
Fixtures & fittings
5
Debtors: amounts falling due within one year
2020
2019
6
Creditors: amounts falling due within one year
2020
2019
Taxes and social security
635
862
Loans from directors
8,431
6,528
7
Creditors: amounts falling due after more than one year
2020
2019
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
9
Transactions with related parties
The company is controlled by Mr Zaheer Ahmed Aziz, the company's managing director. It is confirmed that the director's current account is debited with personal transactions and credited with director remunerations and dividends as well.
10
Average number of employees
During the year the average number of employees was 6 (2019: 3).
