Company Registration No. 12203523 (England and Wales)
Amara Capital Limited
Unaudited accounts
for the year ended 31 December 2022
Amara Capital Limited
Unaudited accounts
Contents
Amara Capital Limited
Company Information
for the year ended 31 December 2022
Directors
N C Stileman
A Stileman
Company Number
12203523 (England and Wales)
Registered Office
Eastfield
East Harting
Petersfield
Hampshire
GU31 5NE
Accountants
Chris Burgess Accountancy Ltd
The Old Surgery
48 High Street
Chalgrove
Oxfordshire
OX44 7SS
Amara Capital Limited
Statement of financial position
as at 31 December 2022
Cash at bank and in hand
4,087
61,161
Creditors: amounts falling due within one year
(2,278)
(2,615)
Net current assets
9,600
73,557
Called up share capital
100
100
Profit and loss account
17,229
81,416
Shareholders' funds
17,329
81,516
For the year ending 31 December 2022 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 directors acknowledge their 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 of Directors and authorised for issue on 30 September 2023 and were signed on its behalf by
N C Stileman
Director
Company Registration No. 12203523
Amara Capital Limited
Notes to the Accounts
for the year ended 31 December 2022
Amara Capital Limited is a private company, limited by shares, registered in England and Wales, registration number 12203523. The registered office is Eastfield, East Harting, Petersfield, Hampshire, GU31 5NE.
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.
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added tax and other sales taxes. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract.
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:
Computer equipment
25% Straight Line
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the company's accounts. Deferred tax is provided in full on timing differences which result in an obligation to pay more (or less) tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on current tax rates and laws.
Deferred tax assets and liabilities are not discounted.
Monetary assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rates of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.
Investments in subsidiaries
Investments in subsidiary undertakings are recognised at cost.
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.
Amara Capital Limited
Notes to the Accounts
for the year ended 31 December 2022
4
Tangible fixed assets
Computer equipment
5
Investments
Subsidiary undertakings
Valuation at 1 January 2022
7,500
Valuation at 31 December 2022
7,500
Amounts falling due within one year
Accrued income and prepayments
1,376
15,000
7
Creditors: amounts falling due within one year
2022
2021
Taxes and social security
-
932
Loans from directors
-
423
Allotted, called up and fully paid:
100 Ordinary shares of £1 each
100
100
Amara Capital Limited
Notes to the Accounts
for the year ended 31 December 2022
Brought
Forward
Advance/
credit
Repaid
Carried
Forward
Interest free loan, repayable upon demand
-
6,205
-
6,205
10
Transactions with related parties
At the end of the year the company had lent £nil to Betula Partners Limited (2021 - £11), a subsidiary of the company. This amount is outstanding at the year end and is included within Other Debtors (Less than one year). The amount is interest free and repayable upon demand.
11
Average number of employees
During the year the average number of employees was 1 (2021: 1).
