Registered Number 05941063

AGM ASSET HOLDINGS LIMITED

Abbreviated Accounts

31 March 2016

AGM ASSET HOLDINGS LIMITED Registered Number 05941063

Abbreviated Balance Sheet as at 31 March 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 184,247 184,247
184,247 184,247
Current assets
Cash at bank and in hand 12 108
12 108
Creditors: amounts falling due within one year (65,361) (60,849)
Net current assets (liabilities) (65,349) (60,741)
Total assets less current liabilities 118,898 123,506
Creditors: amounts falling due after more than one year (100,897) (103,897)
Total net assets (liabilities) 18,001 19,609
Capital and reserves
Called up share capital 1 1
Profit and loss account 18,000 19,608
Shareholders' funds 18,001 19,609
  • For the year ending 31 March 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 19 December 2016

And signed on their behalf by:
S R Metham, Director

AGM ASSET HOLDINGS LIMITED Registered Number 05941063

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover policy
Turnover comprises revenue recognised by the company in respect of goods and services supplied, exclusive of Value Added Tax and trade discounts.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:

Land & Buildings - 0% straight line

2Tangible fixed assets
£
Cost
At 1 April 2015 184,247
Additions -
Disposals -
Revaluations -
Transfers -
At 31 March 2016 184,247
Depreciation
At 1 April 2015 -
Charge for the year -
On disposals -
At 31 March 2016 -
Net book values
At 31 March 2016 184,247
At 31 March 2015 184,247