Registration number:
for the Year Ended
Abercorn Investments Consultants Ltd
Contents
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Abercorn Investments Consultants Ltd
(Registration number: 06126952)
at 31 March 2016
Note |
2016
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(As restated)
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Fixed assets |
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Tangible fixed assets |
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net current liabilities |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
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Net assets |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
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Shareholders' funds |
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1
Abercorn Investments Consultants Ltd
(Registration number: 06126952)
at 31 March 2016......... continued
Approved by the Board on
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Mr G R Wright
Director
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Mr T E Wright
Director
2
Abercorn Investments Consultants Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Accounting policies |
Basis of preparation
Turnover
Depreciation
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life
Asset class |
Depreciation method and rate |
Fixtures and fittings |
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Motor vehicles |
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Plant and machinery |
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Investment properties
Deferred tax
Abercorn Investments Consultants Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Financial instruments
Fixed assets |
Tangible assets
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Total
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Cost |
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At 1 April 2015 (as restated) |
674,589 |
674,589 |
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At 31 March 2016 |
674,589 |
674,589 |
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Depreciation |
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At 1 April 2015 |
1,544 |
1,544 |
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Charge for the year |
261 |
261 |
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At 31 March 2016 |
1,805 |
1,805 |
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Net book value |
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At 31 March 2016 |
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At 31 March 2015 |
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The valuation of investment properties of £784,000, as previously reported at 1 April 2015, was restated by way of a prior period adjustment of £112,000 relating to the disposal of a property during 2015, as explained in note 11.
Debtors |
Debtors includes a deferred tax asset of £10,857 (2015 - £8,754) receivable after more than one year. This has been regarded as recoverable to the extent that the Directors consider that suitable profits will arise in the future, from which the underlying timing differences can be deducted.
Abercorn Investments Consultants Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued
Creditors |
Creditors includes the following liabilities, on which security has been given by the company:
2016
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2015
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Amounts falling due after more than one year |
519,950 |
519,950 |
Included in the creditors are the following amounts due after more than five years:
2016
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2015
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After more than five years by instalments |
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Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
No. |
£ |
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Prior period adjustments |