| Amorini Holdings Limited |
| Registered number: |
08568907 |
| Balance Sheet |
| as at 30 April 2023 |
|
| Notes |
|
|
2023 |
|
|
2022 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
3 |
|
|
800,000 |
|
|
800,000 |
| Investments |
4 |
|
|
700 |
|
|
700 |
|
|
|
|
800,700 |
|
|
800,700 |
|
| Current assets |
| Debtors |
5 |
|
135,250 |
|
|
144,000 |
| Cash at bank and in hand |
|
|
6,238 |
|
|
19,427 |
|
|
|
141,488 |
|
|
163,427 |
|
| Creditors: amounts falling due within one year |
6 |
|
(93,697) |
|
|
(14,531) |
|
| Net current assets |
|
|
|
47,791 |
|
|
148,896 |
|
| Total assets less current liabilities |
|
|
|
848,491 |
|
|
949,596 |
|
|
| Provisions for liabilities |
|
|
|
(110,255) |
|
|
(88,204) |
|
|
| Net assets |
|
|
|
738,236 |
|
|
861,392 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
|
|
|
200 |
|
|
200 |
| Investment property reserve |
7 |
|
|
432,109 |
|
|
454,160 |
| Profit and loss account |
|
|
|
305,927 |
|
|
407,032 |
|
| Shareholders' funds |
|
|
|
738,236 |
|
|
861,392 |
|
|
|
|
|
|
|
|
| The director is satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The director acknowledges his responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies. |
|
|
| Mr P C Robson |
| Director |
| Approved by the board on 11 October 2023 |
|
| Amorini Holdings Limited |
| Notes to the Accounts |
| for the year ended 30 April 2023 |
|
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard). |
|
|
Turnover |
|
Revenue represents the value of services provided and rent receivable. Revenue is recognised to the extent that it is probable that the economic benefits will flow to the company and the revenue can be reliably measured. Revenue is measured as the fair value of the consideration received or receivable, excluding value added tax and other sales taxes. |
|
|
Investment property |
|
Investment property is carried at fair value determined annually by external valuers 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. |
|
|
Investments |
|
Investments in subsidiaries, associates and joint ventures are measured at cost less any accumulated impairment losses. Listed investments are measured at fair value. Unlisted investments are measured at fair value unless the value cannot be measured reliably, in which case they are measured at cost less any accumulated impairment losses. Changes in fair value are included in the profit and loss account. |
|
|
Debtors |
|
Short term debtors are measured at transaction price, less any impairment losses for bad and doubtful debts. Loans and other financial assets are initially recognised at transaction price including any transaction costs. |
|
|
Creditors |
|
Short term creditors are measured at transaction price. Loans and other financial liabilities are initially recognised at transaction price net of any transaction costs. |
|
|
Taxation |
|
A current tax liability is recognised for the tax payable on the taxable profit of the current and past periods. A current tax asset is recognised in respect of a tax loss that can be carried back to recover tax paid in a previous period. Deferred tax is recognised in respect of all timing differences between the recognition of income and expenses in the financial statements and their inclusion in tax assessments. Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the reporting date and that are expected to apply to the reversal of the timing difference, except for revalued land and investment property where the tax rate that applies to the sale of the asset is used. Current and deferred tax assets and liabilities are not discounted. |
|
|
Provisions |
|
Provisions (ie liabilities of uncertain timing or amount) are recognised when there is an obligation at the reporting date as a result of a past event, it is probable that economic benefit will be transferred to settle the obligation and the amount of the obligation can be estimated reliably. |
|
| 2 |
Employees |
2023 |
|
2022 |
| Number |
Number |
|
|
Average number of persons employed by the company |
1 |
|
1 |
|
|
|
|
|
|
|
|
|
|
| 3 |
Tangible fixed assets |
|
|
|
|
|
|
|
|
Freehold property |
| £ |
|
Valuation |
|
At 1 May 2022 |
800,000 |
|
At 30 April 2023 |
800,000 |
|
|
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 April 2023 |
- |
|
|
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2023 |
800,000 |
|
At 30 April 2022 |
800,000 |
|
|
|
|
|
|
|
|
|
|
|
Freehold land and buildings: |
2023 |
|
2022 |
| £ |
£ |
|
Historical cost |
628,800 |
|
628,800 |
|
Cumulative depreciation based on historical cost |
- |
|
- |
|
|
|
|
|
|
628,800 |
|
628,800 |
|
The land and buildings class of fixed assets was revalued on 1 May 2016 by Mr P C Robson who is internal to the company. The basis of this valuation was market value. |
|
|
| 4 |
Investments |
| Investments in |
| subsidiary |
| undertakings |
| £ |
|
Cost |
|
At 1 May 2022 |
700 |
|
|
At 30 April 2023 |
700 |
|
The following were subsidiary undertakings of the company |
|
|
Name |
Class of shares |
Holding |
Principal |
| activity |
|
|
Amorini Components Limited |
Ordinary |
60% |
|
Export and manufacture of kitchen components |
|
|
|
|
Ambor Limited |
Ordinary |
100% |
|
Property |
|
The profit/(loss) after tax of the the financial period of Amorini Components Limited was £(1,255) (2022: £(17,748) ) and aggregate amount of capital and reserves was £530,272 (2022: £531,527). |
|
|
|
| 5 |
Debtors |
2023 |
|
2022 |
| £ |
£ |
|
|
Amounts owed by group undertakings and undertakings in which the company has a participating interest |
|
135,250 |
|
144,000 |
|
|
|
|
|
|
|
|
|
|
| 6 |
Creditors: amounts falling due within one year |
2023 |
|
2022 |
| £ |
£ |
|
|
Trade creditors |
- |
|
26 |
|
Amounts owed to group undertakings and undertakings in which the company has a participating interest |
|
85,000 |
|
- |
|
Taxation and social security costs |
8,697 |
|
14,505 |
|
|
|
|
|
|
93,697 |
|
14,531 |
|
|
|
|
|
|
|
|
|
|
| 7 |
Revaluation reserve |
2023 |
|
2022 |
| £ |
£ |
|
|
At 1 May 2022 |
454,160 |
|
454,160 |
|
Revaluation reserve transfer |
(22,051) |
|
- |
|
|
At 30 April 2023 |
432,109 |
|
454,160 |
|
|
|
|
|
|
|
|
|
|
| 8 |
Related party transactions |
|
|
Mr P C Robson (director of the company) |
|
During the year the company paid dividends to Mr P C Robson amounting to £66,672 (2022 - £36,000). At the balance sheet date the amount due to Mr P C Robson was £nil (2022 - £nil).
|
|
Mrs A M Robson (wife of Mr P C Robson, director) |
|
During the year the company paid dividends to Mrs A M Robson amounting to £44,448 (2022 - £24,000). At the balance sheet date the amount due to Mrs A M Robson was £nil (2022 - £nil). |
|
Amorini Components Limited (subsidiary company) |
|
At the balance sheet date the amount due to Amorini Components Limited was £85,000 (2022 - £nil).
|
|
Ambor Limited (subsidiary company) |
|
At the balance date the amount due from Ambor Limited was £135,250 (2022 - £144,000). |
|
| 9 |
Controlling party |
|
|
The company is controlled by Mr P C Robson, by virtue of his majority shareholding. |
|
|
| 10 |
Other information |
|
|
Amorini Holdings Limited is a private company limited by shares and incorporated in England. Its registered office is: |
|
Unit G |
|
Great Daux Road |
|
Billingshurst |
|
West Sussex |
|
RH14 9SR |
