Amwill Limited - Period Ending 2021-07-31

Amwill Limited

Contents

Company Information	1
Balance Sheet	2
Notes to the Unaudited Financial Statements	3 to 5

Amwill Limited

Company Information

Director

Ms J Bailey

Registered office

3 Manor Courtyard Hughenden Avenue High Wycombe Buckinghamshire HP13 5RE

Accountants

Seymour Taylor Limited 57 London Road High Wycombe Buckinghamshire HP11 1BS

Amwill Limited

(Registration number: 09112203)
Balance Sheet as at 31 July 2021

	Note	2021 £	2020 £
Fixed assets
Investment property	5	146,249	146,249
Current assets
Debtors	6	15,928	-
Cash at bank and in hand		3,293	17,131
		19,221	17,131
Creditors: Amounts falling due within one year	7	(8,205)	(7,101)
Net current assets		11,016	10,030
Total assets less current liabilities		157,265	156,279
Creditors: Amounts falling due after more than one year	7	-	(29,371)
Net assets		157,265	126,908
Capital and reserves
Called up share capital	8	10	10
Profit and loss account		157,255	126,898
Shareholders' funds		157,265	126,908

For the financial year ending 31 July 2021 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

•	The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and
•	The director acknowledges her responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

Approved and authorised by the director on 18 January 2022
 

.........................................

Ms J Bailey
Director

Amwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2021

1	General information

The company is a private company limited by share capital, incorporated in England and Wales.

2	Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

The financial statements have been prepared under the historical cost convention and in accordance with FRS 105 'The Financial Reporting Standard applicable to the Micro-entities Regime'.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Revenue recognition

Turnover comprises the fair value of the consideration received or receivable for the sale of goods and provision of services in the ordinary course of the company’s activities. Turnover is shown net of sales/value added tax, returns, rebates and discounts.

Tax

The tax expense for the period comprises current tax. Tax is recognised in profit or loss, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.

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

Investment property

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in profit or loss.

Borrowings

Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.

Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.

Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.

Amwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2021

3	Staff numbers

The average number of persons employed by the company (including the director) during the year, was 1 (2020 - 1).

4

Taxation

Tax charged/(credited) in the income statement

	2021  £	2020  £
Current taxation
UK corporation tax	7,312	5,337

5	Investment properties

	2021 £
At 1 August	146,249
At 31 July	146,249

There has been no valuation of investment property by an independent valuer.

6

Debtors

	2021 £	2020 £
Other debtors	15,928	-
	15,928	-

Amwill Limited

Notes to the Unaudited Financial Statements for the Year Ended 31 July 2021

7

Creditors

Creditors: amounts falling due within one year

	2021 £	2020 £
Due within one year
Trade creditors	-	864
Taxation and social security	7,311	5,337
Accruals and deferred income	894	900
	8,205	7,101

Creditors: amounts falling due after more than one year

	Note	2021 £	2020 £
Due after one year
Loans and borrowings	9	-	29,371

8	Share capital

Allotted, called up and fully paid shares

	2021		2020
	No.	£	No.	£
Ordinary of £1 each	10	10	10	10

9	Loans and borrowings

	2021 £	2020 £
Non-current loans and borrowings
Other borrowings	-	29,371