Registered number
04225709
A.A. & SONS PROPERTIES LTD
Filleted Abridged Accounts
31 May 2018
A.A. & SONS PROPERTIES LTD
Registered number: 04225709
Abridged Balance Sheet
as at 31 May 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 520,211 520,475
Current assets
Cash at bank and in hand 19,438 15,461
Creditors: amounts falling due within one year (358,717) (369,106)
Net current liabilities (339,279) (353,645)
Net assets 180,932 166,830
Capital and reserves
Called up share capital 1 1
Profit and loss account 180,931 166,829
Shareholder's funds 180,932 166,830
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 member has 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 and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
The members have agreed to the preparation of abridged accounts for this accounting period in accordance with Section 444(2A) of the Companies Act 2006.
Andreas Ioannou
Director
Approved by the board on 26 February 2019
A.A. & SONS PROPERTIES LTD
Notes to the Abridged Accounts
for the year ended 31 May 2018
1 Accounting policies
Basis of preparation
The abridged accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Turnover
Turnover is measured at the fair value of the consideration received or receivable, net of discounts and value added taxes. Turnover includes revenue earned from the sale of goods and from the rendering of services. Turnover from the sale of goods is recognised when the significant risks and rewards of ownership of the goods have transferred to the buyer. Turnover from the rendering of services is recognised by reference to the stage of completion of the contract. The stage of completion of a contract is measured by comparing the costs incurred for work performed to date to the total estimated contract costs.
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Plant and machinery 20% reducing balance
2 Tangible fixed assets
Total
£
Cost
At 1 June 2017 525,604
At 31 May 2018 525,604
Depreciation
At 1 June 2017 5,129
Charge for the year 264
At 31 May 2018 5,393
Net book value
At 31 May 2018 520,211
At 31 May 2017 520,475
3 Other information
A.A. & SONS PROPERTIES LTD is a private company limited by shares and incorporated in England. Its registered office is:
286B CHASE ROAD
SOUTHGATE
LONDON
N14 6HF
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