A & G Management Limited,Ltd - AccountsLtd

For the year ended 31 May 2017

A & G Management Limited

Director's Report

The director presents his report and accounts for the year ended 31 May 2017.

Principal activities

The principal activity of the company continued to be that of real estate management of properties on own account. The company proposes to continue and develope these activities.

Director

The director who served the company throughout the year was as follows:

Gianfranco Fianco

Signed on behalf of the board of directors

This report has been prepared in accordance with the special provisions relating to small companies within Part 15 of the Companies Act 2006.

Date:

19 January 2018

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For the year ended 31 May 2017

A & G Management Limited

Independent Accountants' Report

As described on the balance sheet you are responsible for the preparation of the financial statements for the year

ended 31 May 2017 and you consider that the company is exempt from an audit under the Companies Act 2006.

In accordance with your instructions, we have compiled these unaudited financial statements in order to assist

you to fulfil your statutory responsibilities, from the accounting records and information and explanations supplied

to us.

Zaman & Associates

5 Hillway

Kingsbury

London

NW9 7LS

Date:

03 February 2018

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For the year ended 31 May 2017

A & G Management Limited

Income Statement

2016

2017

Turnover

621,262

590,203

(265,958)

Cost of sales

(278,521)

324,245

Gross profit

342,741

Administrative expenses

(225,765)

(138,643)

Other operating income

1,767

Operating profit

118,743

185,602

Other interest receivable and similar income

118,768

185,625

Profit before taxation

(25,948)

(36,499)

Taxation

92,820

Profit for the financial year

149,126

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As at 31 May 2017

A & G Management Limited

Statement of Financial Position

Registered Number :

05117622

2016

2017

Notes

Fixed assets

Property, plant and equipment

138,387

125,903

Financial assets

1,008,000

1,146,387

1,133,903

Current assets

Trade and other receivables

64,937

111,791

Cash and cash equivalents

63,498

176,728

Trade and other payables: amounts falling due within one

year

(111,380)

(93,822)

65,348

(30,324)

Net current liabilities

Total assets less current liabilities

1,116,063

1,199,251

Trade and other payables: amounts falling due after more

than one year

(30,381)

(27,605)

1,088,458

Net assets

1,168,870

Capital and reserves

Called up share capital

Retained earnings

1,088,456

1,168,868

1,088,458

1,168,870

Shareholders' funds

For the year ended 31 May 2017 the company was entitled to exemption from audit under Section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2017 in accordance with Section 476 of the Companies Act 2006

The director acknowledges his responsibilities for:a) ensuring that the company keeps proper 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 Section 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 have been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

Gianfranco Fianco

These financial statements were approved and authorised for issue by the Board on 19 January 2018 and were signed by:

The notes form part of these financial statements

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For the year ended 31 May 2017

A & G Management Limited

Notes to the Financial Statements

Statutory Information

A & G Management Limited is a private limited company, limited by shares, domiciled in England and Wales,

registration number 05117622.

Registered address:

7 Marchwood Cresent

Ealing

London

W5 2DZ

The presentation currency is £ sterling.

1. Accounting policies

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A of Financial

Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and

the Companies Act 2006. The financial statements have been prepared under the historical costs convention

as modified by the revaluation of certain assets.

Revenue recognition

Turnover represents rents receivable.

Property, plant and equipment

Tangible fixed assets, other than freehold land, are stated at cost or valuation less depreciation and any provision for impairment. Depreciation is provided at rates calculated to write off the cost or valuation of fixed assets, less their estimated residual value, over their expected useful lives on the following basis:

No depreciation is provided on the company''s freehold properties since in the opinion of the directors the

expected useful lives are sufficiently long and the estimated residual values are sufficiently high that any such

depreciation would be immaterial. The directors undertake an annual impairment review of these properties.

2. Dividends

2016

2017

Dividend on equity instruments:

Paid in the year

(173,232)

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For the year ended 31 May 2017

A & G Management Limited

Notes to the Financial Statements Continued

3. Property, plant and equipment

Total

Fixtures and

fittings

Motor vehicles

Land and

buildings

Cost or

valuation

At 01 June 2016

162,075

13,933

58,008

90,134

58,674

Additions

(58,008)

Disposals

(58,008)

At 31 May 2017

90,134

58,674

13,933

162,741

Provision for depreciation and impairment

At 01 June 2016

36,172

12,289

23,883

Charge for year

12,065

329

11,736

(23,883)

On disposal

At 31 May 2017

24,354

12,618

11,736

At 31 May 2017

Net book value

90,134

46,938

1,315

138,387

At 31 May 2016

90,134

34,125

1,644

125,903

4. Investments held as fixed assets

Other investments

Total

At 01 June 2016

1,008,000

Cost

At 31 May 2017

1,008,000

At 31 May 2017

Net book value

1,008,000

At 01 June 2016

1,008,000

5. Trade and other receivables

2016

2017

Other debtors

64,937

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For the year ended 31 May 2017

A & G Management Limited

Notes to the Financial Statements Continued

6. Trade and other payables: amounts falling due within one year

2016

2017

Trade creditors

5,110

Taxation and social security

47,393

41,055

Other creditors

46,429

65,215

93,822

111,380

7. Trade and other payables: amounts falling due after more than one year

2016

2017

Other creditors

27,605

30,381

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