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REGISTERED NUMBER: 00755252 (England and Wales)
















UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 JUNE 2016

FOR

A A.MICHAELIDES LIMITED

A A.MICHAELIDES LIMITED (REGISTERED NUMBER: 00755252)






CONTENTS OF THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 3


A A.MICHAELIDES LIMITED

COMPANY INFORMATION
FOR THE YEAR ENDED 30 JUNE 2016







DIRECTORS: Mr A.A. Michaelides
Mr Antoni Michaelides
Mrs M.M. Michaelides
Mrs J.M. O'Keefe





SECRETARY: Mr A.A. Michaelides





REGISTERED OFFICE: Global House
303 Ballards Lane
London
N12 8NP





REGISTERED NUMBER: 00755252 (England and Wales)





ACCOUNTANTS: Pittalis Gilchrist LLP
Chartered Certified Accountants
Global House
303 Ballards Lane
London
N12 8NP

A A.MICHAELIDES LIMITED (REGISTERED NUMBER: 00755252)

STATEMENT OF FINANCIAL POSITION
30 JUNE 2016

30.6.16 30.6.15
Notes £    £   
FIXED ASSETS
Tangible assets 3 4,800,000 4,200,000
TOTAL ASSETS LESS CURRENT
LIABILITIES

4,800,000

4,200,000

PROVISIONS FOR LIABILITIES 960,000 840,000
NET ASSETS 3,840,000 3,360,000

CAPITAL AND RESERVES
Called up share capital 50,000 50,000
Revaluation reserve 4 3,408,556 2,928,556
Retained earnings 381,444 381,444
SHAREHOLDERS' FUNDS 3,840,000 3,360,000

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 June 2016.

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

The financial statements were approved by the Board of Directors on 11 January 2017 and were signed on its behalf by:





Mr Antoni Michaelides - Director


A A.MICHAELIDES LIMITED (REGISTERED NUMBER: 00755252)

NOTES TO THE FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 JUNE 2016

1. STATUTORY INFORMATION

A A.Michaelides 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.

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 as modified by the revaluation of certain assets.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Freehold property - not provided
Fixtures and fittings - 15% on reducing balance

Freehold buildings are not depreciated over their useful economic life in accordance with FRS 15 and it is also a
departure from the general requirement of the Companies Act 2006. The directors have always adopted a policy of
continued maintenance and upkeep of its buildings which extends the useful economic life of its assets to over 50
years. This is evidenced by the fact that the company has been operating its trade for almost 50 years and intends
to continue to do so.

In any case, due to the high residual value and the very long useful economic life no depreciation is charged due to
immateriality.

3. TANGIBLE FIXED ASSETS
Fixtures
Freehold and
property fittings Totals
£    £    £   
COST OR VALUATION
At 1 July 2015 4,200,000 36,357 4,236,357
Revaluations 600,000 - 600,000
At 30 June 2016 4,800,000 36,357 4,836,357
DEPRECIATION
At 1 July 2015
and 30 June 2016 - 36,357 36,357
NET BOOK VALUE
At 30 June 2016 4,800,000 - 4,800,000
At 30 June 2015 4,200,000 - 4,200,000

A A.MICHAELIDES LIMITED (REGISTERED NUMBER: 00755252)

NOTES TO THE FINANCIAL STATEMENTS - continued
FOR THE YEAR ENDED 30 JUNE 2016

3. TANGIBLE FIXED ASSETS - continued

Cost or valuation at 30 June 2016 is represented by:

Fixtures
Freehold and
property fittings Totals
£    £    £   
Valuation in 2016 600,000 - 600,000
Valuation in 2013 3,265,221 - 3,265,221
Valuation in 2003 503,335 - 503,335
Cost 431,444 36,357 467,801
4,800,000 36,357 4,836,357

If freehold properties had not been revalued they would have been included at the following historical cost:

30.6.16 30.6.15
£    £   
Cost 431,444 431,444

Freehold properties were valued on an open market basis on 30 June 2016 by the company directors .

4. RESERVES
Revaluation
reserve
£   
At 1 July 2015 2,928,556
Freehold properties 480,000

At 30 June 2016 3,408,556

5. FIRST YEAR ADOPTION

These financial statements for the year ended 30 June 2016 are the first financial statements that comply with FRS
102. The date of transition is 1 July 2015. The transition to FRS 102 has resulted in a small number of changes in
accounting policies to those used previously. The nature of these changes and their impact on opening equity and
profit for the comparative period are explained in the reconciliation notes.