REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
FOR |
A A.MICHAELIDES LIMITED |
REGISTERED NUMBER: |
UNAUDITED FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
FOR |
A A.MICHAELIDES LIMITED |
A A.MICHAELIDES LIMITED (REGISTERED NUMBER: 00755252) |
CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
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 2017 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Certified Accountants |
Global House |
303 Ballards Lane |
London |
N12 8NP |
A A.MICHAELIDES LIMITED (REGISTERED NUMBER: 00755252) |
STATEMENT OF FINANCIAL POSITION |
30 JUNE 2017 |
30.6.17 | 30.6.16 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 3 |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES | 4 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 5 |
Revaluation reserve | 6 |
Retained earnings | 6 |
SHAREHOLDERS' FUNDS |
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. |
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 |
A A.MICHAELIDES LIMITED (REGISTERED NUMBER: 00755252) |
NOTES TO THE FINANCIAL STATEMENTS |
FOR THE YEAR ENDED 30 JUNE 2017 |
1. | STATUTORY INFORMATION |
A A.Michaelides Limited is a |
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 |
Tangible fixed assets |
Freehold property | - |
Fixtures and fittings | - |
Land and building held and used in the Company's own activities for production and supply of goods or for |
administration purposes are stated in the statement of financial position at their revalued amounts. Revaluations |
are carried out regularly so that the carrying amounts do not materially differ form using the fair value at the date of |
the statement of financial position. |
Any revaluation increase or decrease on land and buildings is credited to the property revaluation reserve. |
Once the property is sold or retired any attributable revaluation surplus that is remaining in the property revaluation |
reserve is transferred to retained earnings. No transfer is made from the revaluation reserve to retained earnings |
unless an asset is derecognised. |
3. | TANGIBLE FIXED ASSETS |
Fixtures |
Freehold | and |
property | fittings | Totals |
£ | £ | £ |
COST OR VALUATION |
At 1 July 2016 |
and 30 June 2017 |
DEPRECIATION |
At 1 July 2016 |
and 30 June 2017 |
NET BOOK VALUE |
At 30 June 2017 |
At 30 June 2016 |
A A.MICHAELIDES LIMITED (REGISTERED NUMBER: 00755252) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
3. | TANGIBLE FIXED ASSETS - continued |
Cost or valuation at 30 June 2017 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: |
30.6.17 | 30.6.16 |
£ | £ |
Cost | 431,444 | 431,444 |
Freehold properties were valued on an open market basis on 30 June 2016 by the company directors . |
4. | PROVISIONS FOR LIABILITIES |
30.6.17 | 30.6.16 |
£ | £ |
Deferred tax | 960,000 | 960,000 |
Deferred |
tax |
£ |
Balance at 1 July 2016 |
Balance at 30 June 2017 |
5. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.6.17 | 30.6.16 |
value: | £ | £ |
Ordinary | 1 | 100 | 100 |
Ordinary non-voting 'A' shares | 1 | 49,900 | 49,900 |
50,000 | 50,000 |
A A.MICHAELIDES LIMITED (REGISTERED NUMBER: 00755252) |
NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE YEAR ENDED 30 JUNE 2017 |
6. | RESERVES |
Retained | Revaluation |
earnings | reserve | Totals |
£ | £ | £ |
At 1 July 2016 | 3,790,000 |
Profit for the year |
At 30 June 2017 | 3,790,000 |