ANDEM_(NAVENBY)_LIMITED - Accounts

ANDEM (NAVENBY) LIMITED - Company Information

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Company Registration No. 03674395 (England and Wales)

ANDEM (NAVENBY) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

ANDEM (NAVENBY) LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ANDEM (NAVENBY) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 JUNE 2014

- 1 -

2014

2013

as restated

Notes

Fixed assets

Tangible assets

1,199,580

Current assets

Debtors

383,115

246,517

Cash at bank and in hand

7,103

523

390,218

247,040

Creditors: amounts falling due within one year

(140,168)

(132,321)

Net current assets

250,050

114,719

Total assets less current liabilities

1,449,630

1,314,299

Creditors: amounts falling due after more than one year

(221,195)

(251,912)

Provisions for liabilities

(60,412)

(63,821)

1,168,023

998,566

Capital and reserves

Called up share capital

Revaluation reserve

(534)

Profit and loss account

1,168,556

999,099

Shareholders' funds

1,168,023

998,566

ANDEM (NAVENBY) LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

30 JUNE 2014

- 2 -

For the financial year ended 30 June 2014 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 20 March 2015

Dr D A Jones

Director

Company Registration No. 03674395

ANDEM (NAVENBY) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 JUNE 2014

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of VAT and trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Depreciation not applicable

Fixed assets

Tangible assets

Cost or valuation

At 1 July 2013 & at 30 June 2014

1,199,580

At 30 June 2013

1,199,580

Share capital

2014

2013

Authorised

1,000 Ordinary shares of £1 each

1,000

Allotted, called up and fully paid

1 Ordinary shares of £1 each

Ultimate parent company

The company's immediate and ultimate parent company is Andem Properties (Holdings) Limited, incorporated in England and Wales under company number 03650770.

ANDEM (NAVENBY) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 JUNE 2014

- 4 -

Related party relationships and transactions

At 30 June 2014 there were balances outstanding from Andem Investments Limited (company number: 03316620) in the amount of £383,115 (2013: £246,515) and to Andem Properties (Holdings) Limited (company number: 03650770) in the amount of £221,196 (2013: £251,912). The companies are related by common directors. In addition, there are historical amounts wich the directors, Dr D A Jones and Mrs P E Jones, have loaned to the company; the balance outstanding to the directors in respect of such loans at 30 June 2014 was £25,000 (2013: £30,000).