AMS Properties (N.I.) Ltd - Accounts to registrar - small 16.3

REGISTERED NUMBER: NI636329 (Northern Ireland)

Unaudited Financial Statements

for the Period 10 February 2016 to 28 February 2017

for

AMS Properties (N.I.) Ltd

Page

Company Information

1

Chartered Accountants' Report

2

Balance Sheet

3

to

4

Notes to the Financial Statements

5

to

6

DIRECTOR:

Ms A M Spence

REGISTERED OFFICE:

C/O Lynn Drake & Co Ltd

1st Floor, 34b-d Main Street

Moira

Co. Armagh

BT67 0LE

REGISTERED NUMBER:

NI636329 (Northern Ireland)

ACCOUNTANTS:

Lynn, Drake & Co Ltd

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Co. Armagh

BT67 0LE

SOLICITORS:

Andrew Walker & Company Limited

Solicitors

6 Bridge Street

Portadown

Co Armagh

BT62 1JD

The following reproduces the text of the report prepared for the director and members in respect of

the company's annual unaudited financial statements. In accordance with the Companies Act 2006,

the company is only required to file a Balance Sheet. Readers are cautioned that the Statement of

Comprehensive Income and certain other primary statements and the Report of the Director are not

required to be filed with the Registrar of Companies.

In accordance with our terms of engagement and in order to assist you to fulfil your duties under the Companies Act 2006, we have compiled the financial statements of the company for the period ended 28 February 2017 which comprise the Income Statement, Balance Sheet and the related notes from the accounting records and information and explanations you have given to us.

This report is made to the company's director, in accordance with the terms of our engagement. Our work has

been undertaken so that we might compile the financial statements that we have been engaged to compile,

report to the company's director that we have done so, and state those matters that we have agreed to state to

her in this report and for no other purpose. To the fullest extent permitted by law, we do not accept or

assume responsibility to anyone other than the company and the company's director, for our work or for this

report.

We have carried out this engagement in accordance with guidance issued by the Institute of Chartered

Accountants in Ireland and have complied with the ethical guidance laid down by the Institute relating to

members undertaking the compilation of financial statements.

You have acknowledged on the Balance Sheet as at 28 February 2017 your duty to ensure that the company has kept proper accounting records and to prepare financial statements that give a true and fair view under the Companies Act 2006. You consider that the company is exempt from the statutory requirement for an audit for the period.

We have not been instructed to carry out an audit of the financial statements. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the financial statements.

Lynn, Drake & Co Ltd

Chartered Accountants

1st Floor

34 B-D Main Street

Moira

Co. Armagh

BT67 0LE

20 March 2017

FIXED ASSETS

Investment property

3

154,440

CURRENT ASSETS

Debtors

4

1,000

Cash at bank

8,357

9,357

CREDITORS

Amounts falling due within one year

5

160,692

NET CURRENT LIABILITIES

(151,335

)

TOTAL ASSETS LESS CURRENT LIABILITIES

3,105

CAPITAL AND RESERVES

Called up share capital

6

100

Retained earnings

7

3,005

SHAREHOLDERS' FUNDS

3,105

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 28 February 2017.

The members have not required the company to obtain an audit of its financial statements for the period ended 28 February 2017 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges her responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Statement of Comprehensive Income has not been delivered.

The financial statements were approved by the director on 20 March 2017 and were signed by:

Ms A M Spence - Director

1.	STATUTORY INFORMATION

AMS Properties (N.I.) Ltd is a private company, limited by shares , registered in Northern Ireland.

The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in fair value is recognised in profit or loss.

Taxation

Taxation for the period comprises current and deferred tax. Tax is recognised in the Income

Statement, except to the extent that it relates to items recognised in other comprehensive income or

directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been

enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at

the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods

different from those in which they are recognised in financial statements. Deferred tax is measured

using tax rates and laws that have been enacted or substantively enacted by the period end and that are

expected to apply to the reversal of the timing difference.

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.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

154,440

At 28 February 2017

154,440

NET BOOK VALUE

At 28 February 2017

154,440

The company acquired a residential investment property at 35 St Inns, Moira, Co Armagh. The

property has been valued at cost plus associated professional fees at 28 February 2017.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Prepayments

1,000

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

£

Tax

658

Independent Healthcare

Solutions (N.I.) Ltd

158,710

Directors' current accounts

94

Accrued expenses

1,230

160,692

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£100

100

7.

RESERVES

Retained

earnings

£

Profit for the period

3,005

At 28 February 2017

3,005

8.	RELATED PARTY DISCLOSURES

Independent Healtcare Solutions (N.I.) Ltd is a UK registered company that is a related party. Audrey

Spence is a director and 100% shareholder in Independent Healthcare Solutions (N.I.) Ltd.

During the year ended 28 February 2017, Independent Healthcare Solutions (N.I.) Ltd lent AMS

Properties (N.I.) Ltd an interest free loan of £158,710. The balance on this loan account was

£158,710 at 28 February 2017.

9.	ULTIMATE CONTROLLING PARTY

The controlling party is Ms A M Spence.