Abbreviated Company Accounts - ASHWAYNOOK PROPERTIES LIMITED

ASHWAYNOOK PROPERTIES LIMITED - Company Information

05925009 ASHWAYNOOK PROPERTIES LIMITED 2014-05-31 false 2013-06-01 2014-05-31 true 05925009 2013-06-01 2014-05-31 05925009 2014-05-31 05925009 2013-05-31 05925009 uk-gaap-cd-bus:Director1 2013-06-01 2014-05-31 05925009 uk-gaap-cd-bus:Director2 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-01 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-05-31 uk-gaap-cd-bus:OrdinaryShareClass1 2013-05-31 iso4217:GBP shares

Registered Number 05925009

ASHWAYNOOK PROPERTIES LIMITED

Abbreviated Accounts

31 May 2014

ASHWAYNOOK PROPERTIES LIMITED Registered Number 05925009

Abbreviated Balance Sheet as at 31 May 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	2,681,998	2,709,598
Investments	3	2,203	2,203
		2,684,201	2,711,801
Current assets
Debtors		31,234	6,945
Cash at bank and in hand		1,241	802
		32,475	7,747
Creditors: amounts falling due within one year	4	(381,105)	(441,052)
Net current assets (liabilities)		(348,630)	(433,305)
Total assets less current liabilities		2,335,571	2,278,496
Creditors: amounts falling due after more than one year	4	(2,068,924)	(2,151,138)
Total net assets (liabilities)		266,647	127,358
Capital and reserves
Called up share capital	5	233	233
Profit and loss account		266,414	127,125
Shareholders' funds		266,647	127,358

For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 11 November 2014

And signed on their behalf by:
Charles Brierley, Director

ASHWAYNOOK PROPERTIES LIMITED Registered Number 05925009

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
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 policy
Turnover
Turnover represents the total invoice value, excluding value added tax, of sales made during the
year and derives from the provision of services and rentals falling within the company's ordinary activities.

Tangible assets depreciation policy
Tangible fixed assets and depreciation
Depreciation is provided at rates calculated to write off the cost less residual value of each asset
over its expected useful life, as follows:
Land and buildings - Straight line over one hundred years

Other accounting policies
Investments
Fixed asset investments are stated at cost less provision for permanent diminution in value.

Group accounts
The company is entitled to the exemption under Section 398 of the Companies Act 2006 from the
obligation to prepare group accounts.

2Tangible fixed assets

	£
Cost
At 1 June 2013	2,740,010
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 May 2014	2,740,010
Depreciation
At 1 June 2013	30,412
Charge for the year	27,600
On disposals	-
At 31 May 2014	58,012
Net book values
At 31 May 2014	2,681,998
At 31 May 2013	2,709,598

3Fixed assets Investments
Investment details
Subsidiary undertaking 2014 - £2,203 (2013 - £2,203)

Holdings of 20% or more

Penrhyn Inns Limited registered in England and Wales operating a hotel and restaurant and holding 97.67% of the ordinary share capital. The company has Capital and Reserves of £4,661 and made a profit of £142,076 in the year.

Dinnerstone Limited registered in England and Wales operating a restaurant and holding 100% of the ordinary share capital. The company has Capital and Reserves of £64,469 and made a profit of £47,682 in the year.

4Creditors

	2014 £	2013 £
Secured Debts	1,990,887	2,062,260
Instalment debts due after 5 years	1,615,887	1,687,260

5Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
233 Ordinary shares of £1 each	233	233