Amba Holdings Limited - Accounts to registrar - small 17.2

Amba Holdings Limited - Accounts to registrar - small 17.2

AMBA HOLDINGS LIMITED - Company Information

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IRIS Accounts Production v17.2.1.52 06443266 Board of Directors Board of Directors 1.1.16 31.12.16 31.12.16 false true false false false true false iso4217:GBPiso4217:USDiso4217:EURxbrli:sharesxbrli:pure064432662015-12-31064432662016-12-31064432662016-01-012016-12-31064432662014-12-31064432662015-01-012015-12-31064432662015-12-3106443266ns14:PoundSterling2016-01-012016-12-3106443266ns10:Director12016-01-012016-12-3106443266ns10:Director22016-01-012016-12-3106443266ns10:PrivateLimitedCompanyLtd2016-01-012016-12-3106443266ns10:SmallEntities2016-01-012016-12-3106443266ns10:AuditExempt-NoAccountantsReport2016-01-012016-12-3106443266ns10:SmallCompaniesRegimeForDirectorsReport2016-01-012016-12-3106443266ns10:SmallCompaniesRegimeForAccounts2016-01-012016-12-3106443266ns10:AbridgedAccounts2016-01-012016-12-310644326612016-01-012016-12-3106443266ns10:Director42016-01-012016-12-3106443266ns10:CompanySecretary12016-01-012016-12-3106443266ns10:RegisteredOffice2016-01-012016-12-3106443266ns5:CurrentFinancialInstruments2016-12-3106443266ns5:CurrentFinancialInstruments2015-12-3106443266ns5:Non-currentFinancialInstruments2016-12-3106443266ns5:Non-currentFinancialInstruments2015-12-3106443266ns5:ShareCapital2016-12-3106443266ns5:ShareCapital2015-12-3106443266ns5:RetainedEarningsAccumulatedLosses2016-12-3106443266ns5:RetainedEarningsAccumulatedLosses2015-12-3106443266ns5:NetGoodwill2016-01-012016-12-3106443266ns5:IntangibleAssetsOtherThanGoodwill2016-01-012016-12-3106443266ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2016-12-3106443266ns5:Non-currentFinancialInstrumentsns5:AfterOneYear2015-12-31


REGISTERED NUMBER: 06443266















UNAUDITED FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 DECEMBER 2016

FOR

AMBA HOLDINGS LIMITED

AMBA HOLDINGS LIMITED (REGISTERED NUMBER: 06443266)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016




Page

Company Information 1

Abridged Balance Sheet 2

Notes to the Financial Statements 4


AMBA HOLDINGS LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 31 DECEMBER 2016







DIRECTORS: V Patel
B Patel
S Patel





SECRETARY: S Patel





REGISTERED OFFICE: 61-65 Swinton Street
London
WC1X 9NT





REGISTERED NUMBER: 06443266





ACCOUNTANTS: Amchins
Chartered Accountants
Amchins Limited
23 Northiam
Woodside Park
London
N12 7ET
Page 1
AMBA HOLDINGS LIMITED (REGISTERED NUMBER: 06443266)

ABRIDGED BALANCE SHEET
31 DECEMBER 2016

2016 2015
Notes £    £   
FIXED ASSETS
Intangible assets 3 - -
Tangible assets 4 2,761,620 991,606
2,761,620 991,606

CURRENT ASSETS
Debtors 5 185,628 128,067
Cash at bank 1,814 4,942
187,442 133,009
CREDITORS
Amounts falling due within one year (183,318 ) (24,326 )
NET CURRENT ASSETS 4,124 108,683
TOTAL ASSETS LESS CURRENT
LIABILITIES
2,765,744
1,100,289

CREDITORS
Amounts falling due after more than one
year
(2,915,605
)
(1,231,961
)
NET LIABILITIES (149,861 ) (131,672 )

CAPITAL AND RESERVES
Called up share capital 100 100
Retained earnings (149,961 ) (131,772 )
SHAREHOLDERS' FUNDS (149,861 ) (131,672 )

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 December 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 notes form part of these financial statements

Page 2 continued...
AMBA HOLDINGS LIMITED (REGISTERED NUMBER: 06443266)

ABRIDGED BALANCE SHEET - continued
31 DECEMBER 2016


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.

All the members have consented to the preparation of an abridged Balance Sheet for the year ended 31 December 2016 in accordance with Section 444(2A) of the Companies Act 2006.

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

The financial statements were approved by the Board of Directors on 28 September 2017 and were signed on its behalf
by:




V Patel - Director



S Patel - Director


The notes form part of these financial statements

Page 3
AMBA HOLDINGS LIMITED (REGISTERED NUMBER: 06443266)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 DECEMBER 2016

1. STATUTORY INFORMATION

Amba Holdings Limited is a private company, limited by shares , registered in Not specified/Other. 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.

Goodwill
Goodwill, being the amount paid in connection with the acquisition of a business in 2009, is being amortised evenly over its estimated useful life of five years.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost
less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation
Taxation for the year 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 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 year 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.

Page 4 continued...
AMBA HOLDINGS LIMITED (REGISTERED NUMBER: 06443266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

3. INTANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016
and 31 December 2016 80,000
AMORTISATION
At 1 January 2016
and 31 December 2016 80,000
NET BOOK VALUE

At 31 December 2016 -
At 31 December 2015 -

4. TANGIBLE FIXED ASSETS
Totals
£   
COST
At 1 January 2016 991,606
Additions 1,770,014
At 31 December 2016 2,761,620
NET BOOK VALUE
At 31 December 2016 2,761,620
At 31 December 2015 991,606

During the year, the company acquired by way of transfer the property at 65 and 65a Swinton Street London
WC1X 9NT owned by Bowden House (UL) LLP. The shareholders of the company are the members of Bowden
House (UK) LLP.

The freehold land and buildings at 61-65 Swinton Street were professionally revalued on 14 February 2017.
Refurbishment work was continuing at the time. The market value indicated was £7,000,000 in its existing
condition as at the valuation date. A market value of £9,000,000 is indicated on the special assumption that the
property has been developed in line with the planning consents and to an acceptable standard specified.

5. DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR
2016 2015
£    £   
Other debtors 5,976 128,065

Other debtors due after more than one year represent a loan to Bowden House (UK) LLP a related party on an
interest free and unsecured basis, with no fixed repayment terms.

Page 5 continued...
AMBA HOLDINGS LIMITED (REGISTERED NUMBER: 06443266)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 31 DECEMBER 2016

6. CAPITAL COMMITMENTS
2016 2015
£    £   
Contracted but not provided for in the
financial statements 2,500,000 -

The company has committed capital expenditure £2.5m (not provided for in these financial statements) relating
to a major refurbishment of the business premises.

7. ULTIMATE CONTROLLING PARTY

The controlling party is the directors..

Page 6