Astenway Homes Limited 30/06/2020 iXBRL
Astenway Homes Limited 30/06/2020 iXBRL
Company registration number:
09075147
Contents
Directors and other information
Accountants report
Abridged statement of financial position
Statement of changes in equity
Notes to the financial statements
Directors and other information
Directors |
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Company number |
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Registered office |
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Business address |
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Accountants |
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72 Fielding Road | ||
Chiswick | ||
London | ||
W4 1DB | ||
Chartered accountants report to the board of directors on the preparation of the
unaudited statutory financial statements of Astenway Homes Limited
Year ended 30 June 2020
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the financial statements of Astenway Homes Limited for the year ended 30 June 2020 which comprise the abridged statement of financial position, statement of changes in equity and related notes from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com /en/members/regulations-standards-and-guidance/.
This report is made solely to the board of directors of Astenway Homes Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the financial statements of Astenway Homes Limited and state those matters that we have agreed to state to the board of directors of Astenway Homes Limited as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Astenway Homes Limited and its board of directors as a body for our work or for this report.
It is your duty to ensure that Astenway Homes Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss of Astenway Homes Limited. You consider that Astenway Homes Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the financial statements of Astenway Homes Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.
Chartered Accountants
72 Fielding Road
Chiswick
London
W4 1DB
15 February 2021
Abridged statement of financial position
30 June 2020
2020 | 2019 | ||||||||
Note | £ | £ | £ | £ | |||||
Fixed assets | |||||||||
Tangible assets | 4 |
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Investments | 5 |
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Current assets | |||||||||
Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: amounts falling due | |||||||||
within one year |
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Net current assets |
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Total assets less current liabilities |
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Creditors: amounts falling due | |||||||||
after more than one year |
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Net assets |
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Capital and reserves | |||||||||
Called up share capital |
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Profit and loss account |
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Shareholders funds |
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Directors responsibilities:
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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;
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
In accordance with section 444 of the Companies Act 2006, the abridged statement of comprehensive income has not been delivered.
These financial statements were approved by the
board of directors
and authorised for issue on
15 February 2021
, and are signed on behalf of the board by:
Director
Company registration number:
09075147
Statement of changes in equity
Year ended 30 June 2020
Called up share capital | Profit and loss account | Total | |||
£ | £ | £ | |||
At 1 July 2018 |
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(Loss)/profit for the year |
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Total comprehensive income for the year | - |
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At 30 June 2019 and 1 July 2019 |
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(Loss)/profit for the year |
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Total comprehensive income for the year | - |
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At 30 June 2020 |
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Notes to the financial statements
Year ended 30 June 2020
1.
General information
The company is a private company limited by shares, registered in England and Wales. The address of the registered office is Unit 1, Devonshire House, 201-211 Northfield Avenue, London, W13 9QU.
2.
Statement of compliance
3.
Accounting policies
Basis of preparation
Consolidation
Turnover
Turnover is measured at the fair value of the consideration received or receivable for goods supplied and services rendered, net of discounts and Value Added Tax.
Revenue from the sale of goods is recognised when the significant risks and rewards of ownership have transferred to the buyer (usually on despatch of the goods); the amount of revenue can be measured reliably; it is probable that the associated economic benefits will flow to the entity; and the costs incurred or to be incurred in respect of the transactions can be measured reliably.
Taxation
Tangible assets
Depreciation
No depreciation has been provided on the Long Leasehold Property and the directors has carefully considered this departure from the requirements of the Companies Act 2006. It is the policy of the board to ensure that the Long Leasehold Property Premises are continually maintained in a sound state of repair and accordingly the directors considers that the lives of such premises are so long and the residual value so high that depreciation is unnecessary.
Fixed asset investments
Fixed asset investments are initially recorded at cost, and subsequently stated at cost less any accumulated impairment losses. Listed investments are measured at fair value with changes in fair value being recognised in profit or loss.
Impairment
A review for indicators of impairment is carried out at each reporting date, with the recoverable amount being estimated where such indicators exist. Where the carrying value exceeds the recoverable amount, the asset is impaired accordingly. Prior impairments are also reviewed for possible reversal at each reporting date. When it is not possible to estimate the recoverable amount of an individual asset, an estimate is made of the recoverable amount of the cash-generating unit to which the asset belongs. The cash-generating unit is the smallest identifiable group of assets that includes the asset and generates cash inflows that are largely independent of the cash inflows from other assets or groups of assets.
Stocks
Financial instruments
4.
Tangible assets
£ | ||
Cost | ||
At 1 July 2019 and 30 June 2020 |
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Depreciation | ||
At 1 July 2019 and 30 June 2020 | - | |
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Carrying amount | ||
At 30 June 2020 |
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At 30 June 2019 |
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5.
Investments
£ | ||
Cost | ||
At 1 July 2019 and 30 June 2020 |
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Impairment | ||
At 1 July 2019 and 30 June 2020 | - | |
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Carrying amount | ||
At 30 June 2020 |
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At 30 June 2019 |
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Investments in group undertakings | |||||
Registered office | Class of share | Percentage of shares held | |||
Subsidiary undertakings | |||||
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Unit 1, 201-211 Northfields Avenue, London, W13 9QU | Ordinary | 100 | ||
The results and capital and reserves for the period of the trading companies are as follows:
Capital and | Profit/(loss) | ||
reserves | for the | ||
period | |||
2019 | 2019 | ||
£ | £ | ||
Subsidiary undertakings | |||
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(2,686) |
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6.
Controlling party