Company Registration No. 10065727 (England and Wales)
AA PROPERTY HOLDING LTD
UNAUDITED FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2017
PAGES FOR FILING WITH REGISTRAR
AA PROPERTY HOLDING LTD
COMPANY INFORMATION
Director
A Anthony
(Appointed 16 March 2016)
Company number
10065727
Registered office
36 Tyndall Court
Commerce Road
Lynchwood
Peterborough
Cambs
PE2 6LR
Accountants
Stephenson Smart & Co
36 Tyndall Court
Commerce Road
Lynchwood
Peterborough
Cambridgeshire
PE2 6LR
Business address
40 Hercules Way
Cardea
Peterborough
Cambs
PE2 8FQ
AA PROPERTY HOLDING LTD
CONTENTS
Page
Balance sheet
1
Notes to the financial statements
2 - 4
AA PROPERTY HOLDING LTD
BALANCE SHEET
AS AT
31 MARCH 2017
31 March 2017
- 1 -
2017
Notes
£
£
Fixed assets
Investment properties
2
131,017
Current assets
Cash at bank and in hand
1,254
Creditors: amounts falling due within one year
3
(40,293)
Net current liabilities
(39,039)
Total assets less current liabilities
91,978
Creditors: amounts falling due after more than one year
4
(93,084)
Net liabilities
(1,106)
Capital and reserves
Called up share capital
5
100
Profit and loss reserves
(1,206)
Total equity
(1,106)

The director of the company have elected not to include a copy of the profit and loss account within the financial statements.true

For the financial period ended 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

The members have not required the company to obtain an audit of its financial statements for the period in question in accordance with section 476.

These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime.

The financial statements were approved by the board of directors and authorised for issue on 9 October 2017 and are signed on its behalf by:
A Anthony
Director
Company Registration No. 10065727
AA PROPERTY HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS
FOR THE PERIOD ENDED 31 MARCH 2017
- 2 -
1
Accounting policies
Company information

AA Property Holding Ltd is a private company limited by shares incorporated in England and Wales. The registered office is 36 Tyndall Court, Commerce Road, Lynchwood, Peterborough, Cambs, PE2 6LR. The place of business is 40 Hercules Way, Cardea, Peterborough, PE2 8FQ.

1.1
Accounting convention

These financial statements have been prepared in accordance with FRS 102 “The Financial Reporting Standard applicable in the UK and Republic of Ireland” (“FRS 102”) and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime. The disclosure requirements of section 1A of FRS 102 have been applied other than where additional disclosure is required to show a true and fair view.

The financial statements are prepared in sterling, which is the functional currency of the company. Monetary amounts in these financial statements are rounded to the nearest £.

The financial statements have been prepared under the historical cost convention, modified to include the revaluation of freehold properties and to include investment properties and certain financial instruments at fair value. The principal accounting policies adopted are set out below.

1.2
Turnover

Turnover represents amounts receivable for rent.

1.3
Investment properties

Investment property, which is property held to earn rentals and/or for capital appreciation, is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at the reporting end date. The surplus or deficit on revaluation is recognised in the profit and loss account.

 

Where fair value cannot be achieved without undue cost or effort, investment property is accounted for as tangible fixed assets.

1.4
Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand and bank overdrafts. Bank overdrafts are shown within borrowings in current liabilities.

1.5
Financial instruments

The company has elected to apply the provisions of Section 11 ‘Basic Financial Instruments’ and Section 12 ‘Other Financial Instruments Issues’ of FRS 102 to all of its financial instruments.

 

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Basic financial assets and liabilities

Debtors and creditors with no stated interest rate and receivable within one year are recorded at transaction price. Any losses arising from impairment are recognised in the profit and loss account in other comprehensive income.

 

Other financial liabilities, including bank loans, are measured initially at fair value, net of transaction costs and are subsequently measured at amortised costs using the effective interest rate.

AA PROPERTY HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2017
1
Accounting policies
(Continued)
- 3 -
1.6
Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of direct issue costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

1.7
Taxation

The tax expense represents the sum of the tax currently payable.

Current tax

The tax currently payable is based on taxable profit for the year. Taxable profit differs from net profit as reported in the profit and loss account because it excludes items of income or expense that are taxable or deductible in other years and it further excludes items that are never taxable or deductible. The company’s liability for current tax is calculated using tax rates that have been enacted or substantively enacted by the reporting end date.

2
Investment property
2017
£
Fair value
At 16 March 2016
-
Additions
131,017
At 31 March 2017
131,017

Investment property comprises 31 Moorhen Road, Whittlesey. The fair value of the investment property has been arrived at based on the actual purchase price paid on 1 October 2016. The director is of the opinion that the market value at the balance sheet date is not materially different.

3
Creditors: amounts falling due within one year
2017
Notes
£
Bank loans and overdrafts
1,054
Other borrowings
38,640
Accruals and deferred income
599
40,293

The aggregate amount of creditors for which security has been given is £1,054. The bank loan is secured by fixed charges over 31 Moorhen Road, Whittlesey.

AA PROPERTY HOLDING LTD
NOTES TO THE FINANCIAL STATEMENTS (CONTINUED)
FOR THE PERIOD ENDED 31 MARCH 2017
- 4 -
4
Creditors: amounts falling due after more than one year
2017
Notes
£
Bank loans and overdrafts
93,084

The aggregate amount of creditors for which security has been given is £93,084. The long-term loan is secured by fixed charges over 31 Moorhen Road, Whittlesey.

Amounts included above which fall due after five years are as follows:
Payable by instalments
75,316
5
Called up share capital
2017
£
Ordinary share capital
Issued and fully paid
100 ordinary shares of £1 each
100
100
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