A_P_LAST_(PROPERTIES)_LIM - Accounts

A.P.LAST(PROPERTIES)LIMITED - Company Information

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Company Registration No. 00533135 (England and Wales)

A P LAST (PROPERTIES) LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2014

A P LAST (PROPERTIES) LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

350,000

Investments

91,209

281,836

441,209

631,836

Current assets

Debtors

11,968

1,569

Cash at bank and in hand

6,745

42,648

18,713

44,217

Creditors: amounts falling due within one year

(27,819)

(247,602)

Net current liabilities

(9,106)

(203,385)

Total assets less current liabilities

432,103

428,451

Capital and reserves

Called up share capital

50,000

Revaluation reserve

111,837

269,592

Profit and loss account

270,266

108,859

Shareholders' funds

432,103

428,451

For the financial year ended 31 March 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 28 August 2014

Mrs P Last

Director

Company Registration No. 00533135

A P LAST (PROPERTIES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 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 listed investments 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 rent and dividends receivable.

1.4

Tangible fixed assets and depreciation

Land and buildings are included at the director's estimate on the open market valuation at the balance sheet date. Any surplus or deficit arising is transferred to revaluation reserve.

1.5

Investments

Listed investments are valued at middle market value and the surplus or deficit taken to revaluation reserve. No provision is made in repsect of any future corporation tax liability on unrealised capital gains. Unlisted investments are shown at cost.

1.6

Disposal of investments

Gains or losses on disposal of investments are calculated by reference to the book value of the investment. A transfer is made from revaluation reserve equivalent to the difference between the reported gain or loss and that calculated by reference to the original cost.

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 April 2013

350,000

281,836

631,836

Revaluation

8,527

Disposals

(199,154)

At 31 March 2014

350,000

91,209

441,209

At 31 March 2013

350,000

281,836

631,836

The original cost of the listed investments was £40,021 (2013 - £70,484).

A P LAST (PROPERTIES) LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

50,000 Ordinary shares of £1 each

50,000