| A Harvey Properties Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of A Harvey Properties Limited for the year ended 31 March 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of A Harvey Properties Limited for the year ended 31 March 2016 which comprise of the balance sheet and the related notes from the company’s accounting records and from information and explanations you have given us. |
As a practising member firm of the Institute of Chartered Accountants in England and Wales, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| CPH Accountancy Ltd |
| Chartered Accountants |
| 25 Beech Grove |
| Epsom |
| Surrey |
| KT18 5UG |
|
| 21 September 2016 |
|
| A Harvey Properties Limited |
| Registered number: |
04895387 |
| Abbreviated Balance Sheet |
| as at 31 March 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
- |
|
|
1,675,791 |
|
| Current assets |
| Debtors |
|
|
735 |
|
|
- |
| Cash at bank and in hand |
|
|
- |
|
|
26 |
|
|
|
735 |
|
|
26 |
|
| Creditors: amounts falling due within one year |
|
|
- |
|
|
(269,615) |
|
| Net current assets/(liabilities) |
|
|
|
735 |
|
|
(269,589) |
|
| Total assets less current liabilities |
|
|
|
735 |
|
|
1,406,202 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
- |
|
|
(66,860) |
|
|
|
| Net assets |
|
|
|
735 |
|
|
1,339,342 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
600 |
|
|
600 |
| Revaluation reserve |
|
|
|
- |
|
|
1,221,953 |
| Profit and loss account |
|
|
|
135 |
|
|
116,789 |
|
| Shareholders' funds |
|
|
|
735 |
|
|
1,339,342 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mrs J A J Bensouilah |
| Director |
| Approved by the board on 21 September 2016 |
|
|
|
| for the year ended 31 March 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention as modified by the revaluation of investment properties and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the revenue, net of value added tax and discounts, recognised by the company in respect of rental income received during the year. Revenue is recognised over the rental period. |
|
|
Investment properties |
|
Investment properties (with the exception of those under development) are included in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company. Investment properties under development are included at most recent book value and cost, and will be revalued on completion. |
|
|
Financial instruments |
|
Financial instruments are classified and accounted for, according to the substance of the contractual arrangement as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 April 2015 |
1,675,791 |
|
Distributed to parent via a dividend in specie |
(1,675,791) |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
Depreciation |
|
At 31 March 2016 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 31 March 2016 |
- |
|
At 31 March 2015 |
1,675,791 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
A Ordinary shares |
£1 each |
|
200 |
|
200 |
|
200 |
|
B Ordinary shares |
£1 each |
|
400 |
|
400 |
|
400 |
|
|
|
|
|
|
600 |
|
600 |
|
|
|
|
|
|
|
|
|