Ashley Vale Action Group Limited - Accounts to registrar (filleted) - small 18.2
Ashley Vale Action Group Limited - Accounts to registrar (filleted) - small 18.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2019 |
| for |
| Ashley Vale Action Group Limited |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2019 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Ashley Vale Action Group Limited |
| Company Information |
| for the Year Ended 31 May 2019 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Woodlands Grange |
| Woodlands Lane |
| Bradley Stoke |
| Bristol |
| BS32 4JY |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Balance Sheet |
| 31 May 2019 |
| 31.5.19 | 31.5.18 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year | 7 | ( |
) | ( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| RESERVES |
| Non-distributable reserves | 9 |
| Retained earnings | 9 |
| 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. |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Balance Sheet - continued |
| 31 May 2019 |
| 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 |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2019 |
| 1. | STATUTORY INFORMATION |
| Ashley Vale Action Group Limited is a |
| 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, value added |
| tax and other sales taxes. |
| Tangible fixed assets |
| Improvements to property | - |
| Plant and machinery | - |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment property |
| 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. |
| 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. |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 3. | TANGIBLE FIXED ASSETS |
| Improvements | Fixtures |
| to | Plant and | and | Computer |
| property | machinery | fittings | equipment | Totals |
| £ | £ | £ | £ | £ |
| COST |
| At 1 June 2018 |
| Additions |
| At 31 May 2019 |
| DEPRECIATION |
| At 1 June 2018 |
| Charge for year |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 June 2018 |
| Additions |
| Revaluations | 250,000 |
| At 31 May 2019 |
| NET BOOK VALUE |
| At 31 May 2019 |
| At 31 May 2018 |
| Fair value at 31 May 2019 is represented by: |
| £ |
| Valuation in 2016 | 77,329 |
| Valuation in 2019 | 250,000 |
| Cost | 860,111 |
| 1,187,440 |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 4. | INVESTMENT PROPERTY - continued |
| If the investment property had not been revalued it would have been included at the following historical cost: |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Cost | 860,111 | 840,643 |
| The investment property was valued on an open market basis on 31 May 2019 by the directors . |
| 5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Prepayments |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Accruals and deferred income |
| Accrued expenses |
| 7. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Other loans - 1-2 years | 20,500 | - |
| Other loans - 2-5 years | 575,243 | 561,213 |
| 8. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 31.5.19 | 31.5.18 |
| £ | £ |
| Other loans |
| Other loans are secured against the Investment Property it relates to. |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2019 |
| 9. | RESERVES |
| Retained | Non-distributable |
| earnings | reserves | Totals |
| £ | £ | £ |
| At 1 June 2018 | 438,454 |
| Profit for the year |
| At 31 May 2019 | 628,319 |
| The company is limited by guarantee and does not have any share capital. The liability of the members of the company is |
| limited to £1 each. |