Achmore Ltd - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 06416090 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 NOVEMBER 2018

FOR

ACHMORE LTD

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

D G Cooper

V G Heald

SECRETARY:

D G Cooper

REGISTERED OFFICE:

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

REGISTERED NUMBER:

06416090 (England and Wales)

ACCOUNTANTS:

Segrave & Partners LLP

Chartered Accountants

Turnpike House

1208/1210 London Road

Leigh on Sea

Essex

SS9 2UA

FIXED ASSETS

Investment property

3

275,000

275,000

CURRENT ASSETS

Debtors

4

440

1,090

Cash at bank

16,391

18,720

16,831

19,810

CREDITORS

Amounts falling due within one year

5

238,977

237,156

NET CURRENT LIABILITIES

(222,146

)

(217,346

)

TOTAL ASSETS LESS CURRENT LIABILITIES

52,854

57,654

CAPITAL AND RESERVES

Called up share capital

2

2

Retained earnings

52,852

57,652

SHAREHOLDERS' FUNDS

52,854

57,654

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2018 in accordance with Section 476 of the Companies Act 2006.

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 have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 22 August 2019 and were signed on its behalf by:

D G Cooper - Director

V G Heald - Director

1.	STATUTORY INFORMATION

Achmore Ltd is a private company, limited by shares , registered in England and Wales. The company's registered

number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention as modified by the revaluation of certain assets.

Turnover

Turnover represents rents receivable.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 December 2017

and 30 November 2018

275,000

NET BOOK VALUE

At 30 November 2018

275,000

At 30 November 2017

275,000

Fair value at 30 November 2018 is represented by:

£

Valuation in 2015

14,236

Valuation in 2016

18,000

Valuation in 2017

20,000

Cost

222,764

275,000

The properties were valued at fair value by the directors on 30th November 2018.

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Prepayments and accrued income

440

1,090

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2018

2017

£

£

Tax

1,689

2,601

Directors' current accounts

233,785

230,925

Accruals and prepaid income

3,503

3,630

238,977

237,156

6.	RETAINED EARNINGS

Investment

Profit and loss

property

reserves

revaluation

Total

Balance brought forward

5,416

52,236

57,652

Movement in year

(4,800

)

-

(4,800

)

Balance carried forward

£616

£52,236

£52,852