Argyll Road Estate Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 00353047 (England and Wales)

ARGYLL ROAD ESTATE LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 SEPTEMBER 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mrs B E Whittaker

D K McDonald

SECRETARY:

R Ward

REGISTERED OFFICE:

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

REGISTERED NUMBER:

00353047 (England and Wales)

ACCOUNTANTS:

Clarke Nicklin LLP

Chartered Accountants

Clarke Nicklin House

Brooks Drive

Cheadle Royal Business Park

Cheadle

Cheshire

SK8 3TD

FIXED ASSETS

Investment property

2

-

5,132,500

CURRENT ASSETS

Debtors

6,662,021

1,262,731

Cash at bank

-

315,525

6,662,021

1,578,256

CREDITORS

Amounts falling due within one year

1,587,472

336,685

NET CURRENT ASSETS

5,074,549

1,241,571

TOTAL ASSETS LESS CURRENT LIABILITIES

5,074,549

6,374,071

CAPITAL AND RESERVES

Called up share capital

3

9,000

9,000

Revaluation reserve

-

5,060,583

Profit and loss account

5,065,549

1,304,488

SHAREHOLDERS' FUNDS

5,074,549

6,374,071

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 September 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 September 2014 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the Board of Directors on 8 June 2015 and were signed on its behalf by:

Mrs B E Whittaker - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller

Entities (effective April 2008).

Turnover

Turnover represents rents and chief rents receivable. Income is recognised when rents become due.

Investment property

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

changes in market value is transferred to a revaluation reserve.

Revaluations on investment properties go through the revaluation reserve in accordance with SSAP19.

This is a departure from the Companies Act 2006 which now requires revaluations to be taken to the

profit and loss account. This departure is necessary in order to give a true and fair view.

Deferred tax

Deferred tax is recognised in respect of all material timing differences that have originated but not

reversed at the balance sheet date where transactions or events have occurred at that date that will

result in an obligation to pay more, or a right to pay less or to receive more tax, with the following

exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments) of

fixed assets only to the extent that, at the balance sheet date, there is a binding agreement to dispose

of the assets concerned.

Deferred tax assets are recognised only to the extent that the directors consider that it is more likely

than not that there will be suitable taxable profits from which the future reversal of the underlying timing

differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the

periods in which timing differences reverse, based on tax rates and laws enacted or substantively

enacted at the balance sheet date.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

2.	INVESTMENT PROPERTY

Total

£

COST

At 1 October 2013

5,132,500

Disposals

(5,132,500

)

At 30 September 2014

-

NET BOOK VALUE

At 30 September 2014

-

At 30 September 2013

5,132,500

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,800

Ordinary

£5

9,000

9,000

4.	ULTIMATE PARENT COMPANY

Broome Management Co. Limited is regarded by the directors as being the company's ultimate parent

company.