Abbreviated Company Accounts - AG PROPERTY LIMITED

03775572 AG PROPERTY LIMITED 2016-05-31 false 2015-06-01 2016-05-31 true 03775572 2015-06-01 2016-05-31 03775572 2016-05-31 03775572 2015-05-31 03775572 uk-gaap-cd-bus:Director1 2015-06-01 2016-05-31 03775572 uk-gaap-cd-bus:Director2 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-01 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2016-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-05-31 iso4217:GBP shares

Registered Number 03775572

AG PROPERTY LIMITED

Abbreviated Accounts

31 May 2016

AG PROPERTY LIMITED Registered Number 03775572

Abbreviated Balance Sheet as at 31 May 2016

	Notes	2016	2015
		£	£
Called up share capital not paid		-	-
Fixed assets
Tangible assets	2	167,775	81,969
		167,775	81,969
Current assets
Debtors		4,500	9,500
Cash at bank and in hand		6,063	43,316
		10,563	52,816
Creditors: amounts falling due within one year		(77,483)	(37,021)
Net current assets (liabilities)		(66,920)	15,795
Total assets less current liabilities		100,855	97,764
Creditors: amounts falling due after more than one year		(47,000)	(47,000)
Total net assets (liabilities)		53,855	50,764
Capital and reserves
Called up share capital	3	4	4
Profit and loss account		53,851	50,760
Shareholders' funds		53,855	50,764

For the year ending 31 May 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their 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.

Approved by the Board on 13 December 2016

And signed on their behalf by:
G Wells, Director

AG PROPERTY LIMITED Registered Number 03775572

Notes to the Abbreviated Accounts for the period ended 31 May 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents rental income paid by tenants

Tangible assets depreciation policy
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives.

Motor vehicles 25% reducing balance

2Tangible fixed assets

	£
Cost
At 1 June 2015	85,078
Additions	85,884
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2016	170,962
Depreciation
At 1 June 2015	3,109
Charge for the year	78
On disposals	-
At 31 May 2016	3,187
Net book values
At 31 May 2016	167,775
At 31 May 2015	81,969

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
4 Ordinary shares of £1 each	4	4