| Avens Estates Ltd |
| Registered number: |
05145085 |
| Abbreviated Balance Sheet |
| as at 30 June 2014 |
|
| Notes |
|
|
2014 |
|
|
2013 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
714,649 |
|
|
714,649 |
|
| Current assets |
| Cash at bank and in hand |
|
|
49,881 |
|
|
34,967 |
|
| Creditors: amounts falling due within one year |
|
|
(67,955) |
|
|
(72,565) |
|
| Net current liabilities |
|
|
|
(18,074) |
|
|
(37,598) |
|
| Total assets less current liabilities |
|
|
|
696,575 |
|
|
677,051 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(596,651) |
|
|
(596,651) |
|
|
|
| Net assets |
|
|
|
99,924 |
|
|
80,400 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
3 |
|
|
100 |
|
|
100 |
| Profit and loss account |
|
|
|
99,824 |
|
|
80,300 |
|
| Shareholders' funds |
|
|
|
99,924 |
|
|
80,400 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| Members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| Mr S Patel |
| Director |
| Approved by the board on 2 September 2014 |
|
| Avens Estates Ltd |
| Notes to the Abbreviated Accounts |
| for the year ended 30 June 2014 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008). |
|
|
Turnover |
|
Turnover represents rents receivable during the year. |
|
|
Depreciation |
|
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified. |
|
|
#REF! |
#REF! |
|
#REF! |
#REF! |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 July 2013 |
714,649 |
|
At 30 June 2014 |
714,649 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 30 June 2014 |
- |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 June 2014 |
714,649 |
|
At 30 June 2013 |
714,649 |
|
|
|
|
|
|
|
|
| 3 |
Share capital |
Nominal |
|
2014 |
|
2014 |
|
2013 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
100 |
|
100 |
|
100 |
|
|
|
|
|
|
|
|
|
