A & G Management Limited,Ltd

Abbreviated Balance Sheet

A & G Management Limited

As at 31 May 2016

05117622

Registered Number :

2016

Notes

2015

Fixed assets

Tangible assets

125,903

60,314

Investments

1,008,000

1,133,903

60,314

Current assets

Debtors

1,041,215

64,937

Cash at bank and in hand

111,791

62,054

176,728

1,103,269

Creditors: amounts falling due within one year

(101,889)

(111,380)

1,001,380

65,348

Net current assets

Total assets less current liabilities

1,199,251

1,061,694

Creditors: amounts falling due after more than one year

(41,950)

(30,381)

1,168,870

Net assets

1,019,744

Capital and reserves

Called up share capital

Profit and loss account

1,168,868

1,019,742

1,168,870

1,019,744

Shareholders funds

For the year ended 31 May 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director responsibilities: 1) The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476;

2) The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Date approved by the board: 24 February 2017

Gianfranco Fianco Director

Signed on behalf of the board of directors

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Notes to the Abbreviated Financial Statements

A & G Management Limited

For the year ended 31 May 2016

1 Accounting Policies

Basis of accounting

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Going Concern

The financial statements have been prepared on a going concern basis. The company's ongoing activities are dependent upon the continued support of the director who has undertaken to provide such support for the foreseeable future. If the going concern basis were not appropriate, adjustments would have to be made to reduce the value of assets to their recoverable amount, to provide for any further liabilities that may arise and to reclassify fixed assets as current assets and long term liabilities as current liabilities.

Turnover

Turnover represents rents receivable.

Tangible fixed assets

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

No depreciation is provided on the company's freehold properties since in the opinion of the directors the

expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such

depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

2 Tangible fixed assets

Tangible

fixed assets

Cost or valuation

93,075

At 01 June 2015

69,000

Additions

At 31 May 2016

162,075

Depreciation

32,761

At 01 June 2015

3,411

Charge for year

36,172

At 31 May 2016

Net book values

At 31 May 2016

125,903

60,314

At 31 May 2015

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Notes to the Abbreviated Financial Statements

A & G Management Limited

For the year ended 31 May 2016

3 Fixed asset investments

Fixed asset

investments

Cost

1,008,000

Additions

At 31 May 2016

1,008,000

Net book value

At 31 May 2016

1,008,000

4 Debtors:

In December 2015, the payment in advance is used to buy 30% share in a property investment LLP

5 Share capital

Allotted called up and fully paid

2016

2015

2 Class A shares of £1.00 each

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