REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 30 September 2016 |
for |
AAD Properties Limited |
REGISTERED NUMBER: |
Abbreviated Unaudited Accounts |
for the Year Ended 30 September 2016 |
for |
AAD Properties Limited |
AAD Properties Limited (Registered number: 05822855) |
Contents of the Abbreviated Accounts |
for the year ended 30 September 2016 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 |
Notes to the Abbreviated Accounts | 3 |
AAD Properties Limited |
Company Information |
for the year ended 30 September 2016 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
Chartered Accountants |
AAD Properties Limited (Registered number: 05822855) |
Abbreviated Balance Sheet |
30 September 2016 |
2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 2 |
CURRENT ASSETS |
Stocks |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
CREDITORS |
Amounts falling due after more than one year | 3 |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Profit and loss account |
SHAREHOLDERS' FUNDS |
The directors acknowledge their responsibilities for: |
(a) | ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and |
(b) | preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company. |
The financial statements were approved by the Board of Directors on |
AAD Properties Limited (Registered number: 05822855) |
Notes to the Abbreviated Accounts |
for the year ended 30 September 2016 |
1. | ACCOUNTING POLICIES |
Basis of preparing the financial statements |
The financial statements have been prepared on the going concern basis ,which assumes that the company will continue in |
operational existence for the foreseeable future, which the directors consider to be appropriate. |
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance with the Financial |
Reporting Standard for Smaller Entities (effective January 2015). |
Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies as a small |
company. |
Investment property |
Investment property is shown at cost and is currently being depreciated at 2% per annum. The directors consider that not to |
depreciate would not give a true representation of the current market value of the property. |
Stocks |
Stocks include property acquired for re-sale and are valued at the lower of cost or net realisable value. |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date. |
A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it |
can be regarded as more likely than not that there will be suitable taxable profits from which the future reversal of the |
underlying timing differences can be deducted. |
Deferred tax is measured on a non-discounted basis at the average rates that are expected to apply in the periods in which the |
timing differences are expected to reverse, based on the tax rates and laws that have been enacted or substantively enacted by |
the balance sheet date. |
Other income |
2. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 October 2015 |
Additions |
At 30 September 2016 |
DEPRECIATION |
At 1 October 2015 |
Charge for year |
At 30 September 2016 |
NET BOOK VALUE |
At 30 September 2016 |
At 30 September 2015 |
3. | CREDITORS |
Creditors include an amount of £ |
AAD Properties Limited (Registered number: 05822855) |
Notes to the Abbreviated Accounts - continued |
for the year ended 30 September 2016 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
Ordinary | £1 |
5. | ULTIMATE CONTROLLING PARTY |
The controlling party is |