Company Registration No. 4956464 (England and Wales)
AGL PROPERTIES LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
AGL PROPERTIES LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2
AGL PROPERTIES LIMITED
ABBREVIATED BALANCE SHEET
AS AT
30 NOVEMBER 2015
30 November 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
369,000
335,000
Current assets
Debtors
1,273
2,390
Cash at bank and in hand
571
195
1,844
2,585
Creditors: amounts falling due within one year
(12,617)
(12,617)
Net current liabilities
(10,773)
(10,032)
Total assets less current liabilities
358,227
324,968
Creditors: amounts falling due after more than one year
(294,273)
(299,481)
63,954
25,487
Capital and reserves
Called up share capital
3
100
100
Revaluation reserve
69,019
35,019
Profit and loss account
(5,165)
(9,632)
Shareholders' funds
63,954
25,487
For the financial year ended 30 November 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 8 July 2016
Dr R Brindley
Director
Company Registration No. 4956464
AGL PROPERTIES LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 NOVEMBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). The directors are of the opinion that they intend to assist and meet the company's day to day working capital requirements when necessary and offers their continued support. At the year end, the current liabilities exceeded the current assets by £10,773 (2014 - £10,032). On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
The directors are of the opinion that they intend to assist and meet the company's day to day working capital requirements when necessary and offers their continued support. At the year end, the current liabilities exceeded the current assets by £10,773 (2014 - £10,032). On this basis, the director considers it appropriate to prepare the financial statements on the going concern basis.
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents rents receivable.rents receivable.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets have not been depreciated as the directors are of the opinion that the assets are maintained to such standard that there is no diminution in value.
Land and buildings Freehold
Not depreciated
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 December 2014
335,000
Revaluation
34,000
At 30 November 2015
369,000
At 30 November 2014
335,000
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary of £1 each
100
100