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A & G Management Limited
Registered Number:05117622
For the year ended 31 May 2018
England and Wales
Report of the Director and Unaudited Financial Statements
2
For the year ended 31 May 2018
A & G Management Limited
Contents Page
Company Information
1
2
Director's Report
3
Independent Accountants' Report
4
Income Statement
5
Statement of Financial Position
6 to 8
Notes to the Financial Statements
3
For the year ended 31 May 2018
A & G Management Limited
Company Information
Gianfranco Fianco
Director
Anna Stanislawa Kwit
Company Secretary
05117622
Registered Number
7 Marchwood Cresent
Registered Office
Ealing
London
W5 2DZ
Accountants
Zaman & Associates
5 Hillway
Kingsbury
London
NW9 7LS
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4
For the year ended 31 May 2018
A & G Management Limited
Director's Report
The director presents his report and accounts for the year ended 31 May 2018.
Principal activities
The principal activity of the company continued to be that of real estate management of properties on own account. The company proposes to continue and develope these activities.
Director
The director who served the company throughout the year was as follows:
Gianfranco Fianco
Gianfranco Fianco
Signed on behalf of the board of directors
This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.
Date:
26 February 2019
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5
For the year ended 31 May 2018
A & G Management Limited
Independent Accountants' Report
As described on the balance sheet you are responsible for the preparation of the financial statements for the year
ended 31 May 2018 and you consider that the company is exempt from an audit under the Companies Act 2006.
In accordance with your instructions, we have compiled these unaudited financial statements in order to assist
you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied
to us.
Zaman & Associates
5 Hillway
Kingsbury
London
NW9 7LS
Date:
26 February 2019
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6
For the year ended 31 May 2018
A & G Management Limited
Income Statement
2017
£
2018
£
Turnover
664,369
621,262
(278,521)
Cost of sales
(270,351)
342,741
Gross profit
394,018
Administrative expenses
(293,698)
(225,765)
Other operating income
-
1,767
Operating profit
100,320
118,743
Other interest receivable and similar income
14
25
100,334
118,768
Profit before taxation
(19,787)
(25,948)
Taxation
80,547
Profit for the financial year
92,820
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7
As at 31 May 2018
A & G Management Limited
Statement of Financial Position
Registered Number :
05117622
£
£
2017
2018
Notes
Fixed assets
Property, plant and equipment
128,736
138,387
3
Financial assets
1,008,000
1,008,000
4
1,136,736
1,146,387
Current assets
Trade and other receivables
-
6,725
5
63,498
Cash and cash equivalents
2,062
8,787
63,498
Trade and other payables: amounts falling due within one
year
(93,822)
(93,374)
6
(30,324)
(84,587)
Net current liabilities
Total assets less current liabilities
1,052,149
1,116,063
Trade and other payables: amounts falling due after more
than one year
(27,605)
(18,749)
7
1,033,400
Net assets
1,088,458
Capital and reserves
Called up share capital
2
2
Retained earnings
1,033,398
1,088,456
1,033,400
1,088,458
Shareholders' funds
For the year ended 31 May 2018 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2018 in accordance with Section 476 of the Companies Act 2006
The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 in accordance with the provisions applicable to companies subject to the small companies regime.
Gianfranco Fianco
These financial statements were approved and authorised for issue by the Board on 26 February 2019 and were signed by:
The notes form part of these financial statements
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8
For the year ended 31 May 2018
A & G Management Limited
Notes to the Financial Statements
Statutory Information
A & G Management Limited is a private limited company, limited by shares, domiciled in England and Wales,
registration number 05117622.
Registered address:
7 Marchwood Cresent
Ealing
London
W5 2DZ
The presentation currency is £ sterling.
1. Accounting policies
Basis of preparing the financial statements
These financial statements have been prepared in accordance with the provisions of Section 1A 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 costs convention
as modified by the revaluation of certain assets.
Revenue recognition
Turnover represents rents receivable.
Property, plant and equipment
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. Dividends
2017
2018
£
£
Dividend on equity instruments:
Paid in the year
(135,605)
(173,232)
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9
For the year ended 31 May 2018
A & G Management Limited
Notes to the Financial Statements Continued
3. Property, plant and equipment
Total
Fixtures and
fittings
Motor vehicles
Land and
buildings
£
£
£
£
Cost or
valuation
At 01 June 2017
162,741
13,933
58,674
90,134
At 31 May 2018
90,134
58,674
13,933
162,741
Provision for depreciation and impairment
At 01 June 2017
24,354
12,618
11,736
-
Charge for year
9,651
263
9,388
-
At 31 May 2018
34,005
12,881
21,124
-
At 31 May 2018
Net book value
90,134
37,550
1,052
128,736
At 31 May 2017
90,134
46,938
1,315
138,387
4. Investments held as fixed assets
Other investments
Total
At 01 June 2017
1,008,000
1,008,000
Cost
£
£
At 31 May 2018
1,008,000
1,008,000
At 31 May 2018
Net book value
1,008,000
1,008,000
At 01 June 2017
1,008,000
1,008,000
5. Trade and other receivables
2017
2018
£
£
Other debtors
6,725
-
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10
For the year ended 31 May 2018
A & G Management Limited
Notes to the Financial Statements Continued
6. Trade and other payables: amounts falling due within one year
2017
2018
£
£
Trade creditors
2
-
Taxation and social security
21,670
47,393
Other creditors
71,702
46,429
93,374
93,822
7. Trade and other payables: amounts falling due after more than one year
2017
2018
£
£
Other creditors
18,749
27,605
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