AMF Property Investment Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08853090 (England and Wales)

Unaudited Financial Statements for the Year Ended 30 June 2018

for

AMF Property Investment Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

Directors:

D M Frizzell

J Anderson-Mann

Registered office:

85 Church Road

Hove

East Sussex

BN3 2BB

Registered number:

08853090 (England and Wales)

Accountants:

Wilson Sandford Limited

Chartered accountants

85 Church Road

Hove

East Sussex

BN3 2BB

Fixed assets

Tangible assets

4

2,220

1,460

Investments

5

1,000

1,000

3,220

2,460

Current assets

Debtors

6

495,337

566,553

Cash at bank

33,895

5,713

529,232

572,266

Creditors: amounts falling due within one year

7

507,564

367,228

Net current assets

21,668

205,038

Total assets less current liabilities

24,888

207,498

Creditors: amounts falling due after more than one year

8

-

281,743

Net assets/(liabilities)

24,888

(74,245

)

Capital and reserves

Called up share capital

1,000

1,000

Retained earnings

23,888

(75,245

)

Shareholders' funds

24,888

(74,245

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 June 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 17 October 2018 and were signed on its behalf by:

J Anderson-Mann - Director

1.	Statutory information

AMF Property Investment 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.

Preparation of consolidated financial statements

The financial statements contain information about AMF Property Investment Limited as an

individual company and do not contain consolidated financial information as the parent of a group.

The company is exempt under Section 399(2A) of the Companies Act 2006 from the requirements to

prepare consolidated financial statements.

Turnover

Turnover is measured at the fair value of the consideration received or receivable and represents

amounts receivable for services rendered, stated net of VAT and discounts. When the outcome of a

transaction involving the rendering of services can be reliably estimated, revenue from the rendering

of services is measured by reference to the stage of completion of the service transaction at the end of

the reporting period. When the outcome of a transaction involving the rendering of services cannot be

reliably estimated, revenue is recognised only to the extent that expenses recognised are recoverable.

Tangible fixed assets

Tangible fixed assets are stated at cost less accumulated depreciation and accumulated impairment

losses. Cost includes costs directly attributable to making the asset capable of operating as intended.

Depreciation is provided at the following annual rates in order to write off each asset over its

estimated useful life.

Computer equipment - 25% straight line

Investments in subsidiaries

Investments in subsidiary undertakings are recognised at cost.

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 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.

3.	Employees and directors

The average number of employees during the year was 2 (2017 - NIL ) .

4.	Tangible fixed assets

Computer

equipment

£

Cost

At 1 July 2017

2,695

Additions

1,509

At 30 June 2018

4,204

Depreciation

At 1 July 2017

1,235

Charge for year

749

At 30 June 2018

1,984

Net book value

At 30 June 2018

2,220

At 30 June 2017

1,460

5.	Fixed asset investments

Shares in

group

undertakings

£

Cost

At 1 July 2017

and 30 June 2018

1,000

Net book value

At 30 June 2018

1,000

At 30 June 2017

1,000

6.

Debtors: amounts falling due within one year

2018

2017

£

£

Trade debtors

16,320

17,304

Amounts owed by group undertakings

50,632

68,062

Other debtors

428,385

481,187

495,337

566,553

7.

Creditors: amounts falling due within one year

2018

2017

£

£

Trade creditors

590

10,815

Taxation and social security

27,250

9,804

Other creditors

479,724

346,609

507,564

367,228

8.

Creditors: amounts falling due after more than one year

2018

2017

£

£

Other creditors

-

281,743

9.	Directors' advances, credits and guarantees

During the year advances of £370,278 (2017 - £226,969) were made to the directors, with repayments

of £438,343 (2017 - £223,344), resulting in a balance of £nil (2017 - £68,065) being shown within

debtors. These loans were made on an interest free and repayable on demand basis.

10.	Related party disclosures

Within creditors is £846 (2017 - £nil) owed to the directors.