AMF (Whitehill) Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 10782196 (England and Wales)

Unaudited Financial Statements

for the Period 22 May 2017 to 31 March 2018

for

AMF (Whitehill) Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

Directors:

J Anderson-Mann

D M Frizzell

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

Registered number:

10782196 (England and Wales)

Accountants:

Wilson Sandford Limited

Chartered accountants

85 Church Road

Hove

East Sussex

BN3 2BB

Current assets

Stocks

1,473,344

Debtors

4

24,358

Cash at bank

563

1,498,265

Creditors: amounts falling due within one year

5

1,501,721

Net current liabilities

(3,456

)

Total assets less current liabilities

(3,456

)

Capital and reserves

Called up share capital

7

1,000

Retained earnings

(4,456

)

Shareholders' funds

(3,456

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 March 2018.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 March 2018 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 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 Profit and Loss Account has not been delivered.

The financial statements were approved by the Board of Directors on 7 September 2018 and were signed on its behalf by:

J Anderson-Mann - Director

1.	Statutory information

AMF (Whitehill) Limited is a private company, limited by shares , registered in England and Wales.

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

Information page.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

Stocks

Stocks and work in progress are stated at the lower of cost and estimated selling price less costs to

complete and sell. Cost includes all costs of purchase, costs of conversion and other costs incurred in

bringing stock to its present location and condition.

Financial instruments

A financial asset or a financial liability is recognised only when the entity becomes a party to the

contractual provisions of the instrument. Basic financial instruments are initially recognised at the

transaction price, unless the arrangement constitutes a financing transaction, where it is recognised at

the present value of the future payments discounted at a market rate of interest for a similar debt

instrument.

Taxation

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

Account, 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 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.

Going concern

The company meets its day to day working capital requirements through trading cash inflows. On this

basis the directors consider it appropriate to prepare the financial statements on a going concern basis.

These financial statements do not include any adjustments that would arise from a deterioration in

trading.

3.	Employees and directors

The average number of employees during the period was NIL.

4.

Debtors: amounts falling due within one year

£

Other debtors

24,358

5.

Creditors: amounts falling due within one year

£

Bank loans and overdrafts

743,132

Trade creditors

40,876

Other creditors

717,713

1,501,721

6.	Secured debts

The following secured debts are included within creditors:

£

Bank loans

743,132

Mortgages are secured against the property to which they relate.

7.	Called up share capital

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

500

Ordinary A

1

500

500

Ordinary B

1

500

1,000

8.	Directors' advances, credits and guarantees

During the year advances of £1,000 were made to the directors, with repayments of £nil. The balance

outstanding of £1,000 is included in debtors. These loans were made on an interest free and repayable

on demand basis.