Company Registration No. 4057466 (England and Wales)
A & A DEVELOPMENTS (MANCHESTER) LTD.
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 JANUARY 2016
A & A DEVELOPMENTS (MANCHESTER) LTD.
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
A & A DEVELOPMENTS (MANCHESTER) LTD.
ABBREVIATED BALANCE SHEET
AS AT
31 JANUARY 2016
31 January 2016
- 1 -
2016
2015
Notes
£
£
£
£
Fixed assets
Tangible assets
2
970,205
970,720
Current assets
Debtors
129,604
129,285
Cash at bank and in hand
115,645
116,592
245,249
245,877
Creditors: amounts falling due within one year
(62,175)
(64,797)
Net current assets
183,074
181,080
Total assets less current liabilities
1,153,279
1,151,800
Creditors: amounts falling due after more than one year
(370,687)
(392,931)
782,592
758,869
Capital and reserves
Called up share capital
3
2
2
Revaluation reserve
640,045
640,045
Profit and loss account
142,545
118,822
Shareholders' funds
782,592
758,869
For the financial year ended 31 January 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 13 October 2016
D B Atkins
Director
Company Registration No. 4057466
A & A DEVELOPMENTS (MANCHESTER) LTD.
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 31 JANUARY 2016
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents rents receivable, net of VAT where applicable.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets include investment properties valued by the directors on an existing use open market value basis.
Plant and machinery
20% p.a. on cost
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the director compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
2
Fixed assets
Tangible assets
£
Cost or valuation
At 1 February 2015 & at 31 January 2016
972,577
Depreciation
At 1 February 2015
1,857
Charge for the year
515
At 31 January 2016
2,372
Net book value
At 31 January 2016
970,205
At 31 January 2015
970,720
A & A DEVELOPMENTS (MANCHESTER) LTD.
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 31 JANUARY 2016
- 3 -
3
Share capital
2016
2015
£
£
Allotted, called up and fully paid
2 ordinary shares of £1 each
2
2