ABBEYFIELD_INVESTMENTS_LI - Accounts

ABBEYFIELD INVESTMENTS LIMITED - Company Information

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Company Registration number 05040758

ABBEYFIELD INVESTMENTS

LIMITED

Abbreviated Accounts

For the year ended 31 March 2015

ABBEYFIELD INVESTMENTS LIMITED

Financial statements for the year ended 31 March 2015

Contents

Pages

Balance sheet

Notes to the financial statements

2-3

ABBEYFIELD INVESTMENTS LIMITED

Abbreviated balance sheet as at 31 March 2015

2015

2014

Notes

Fixed assets

Tangible assets

2,067,268

2,108,613

Current assets

Debtors

30,000

60,000

Cash at bank and in hand

85,868

67,820

115,868

127,820

Creditors:

amounts falling due within one year

(29,706)

(30,616)

Net current assets

86,162

97,204

Total assets less current liabilities

2,153,430

2,205,817

Provision for liabilities

(51,441)

(44,817)

2,101,989

2,161,000

Capital and reserves

Called up share capital

15,000

Share premium account

2,655,418

Deficit on profit and loss account

(568,429)

(509,418)

Shareholder's funds

2,101,989

2,161,000

For the financial year ended 31 March 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

The member has not required the company to obtain an audit of its financial statements for the year in question in accordance with Section 476;

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and the Financial Reporting Standard for Smaller Entities (effective April 2008).

Approved by the board of directors on 22 July 2015 and signed on its behalf.

G Hodgkins - Director

Company Registration No: 05040758

The notes on pages 2 to 3 form part of these financial statements.

ABBEYFIELD INVESTMENTS LIMITED

Notes to the abbreviated accounts for the year ended 31 March 2015

Accounting policies

Basis of accounting

The financial statements are prepared on the historical cost basis of accounting and have been prepared in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption, conferred by Financial Reporting Standard 1, from presenting a cash flow statement as it qualifies as a small company.

Turnover

Turnover represents net invoiced sales of goods and services, excluding value added tax.

Investment property

Depreciation is provided on leasehold property held as an investment at rates calculated as valuation of the investment property over its estimated useful life. The principal rates in use are:

Leasehold property

Over the period of the lease

Deferred taxation

Deferred tax is provided in respect of the tax effect of all timing differences that have originated but not reversed at the balance sheet date.

A deferred tax asset is regarded as recoverable and therefore recognised only when, on the basis of all available evidence, it can be regarded as 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 a nondiscounted basis, at the average tax rates that are expected to apply in the periods in which the timing differences are expected to reverse, based on tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Fixed assets

Tangible

fixed

assets

Valuation

At 1 April 2014

2,500,000

Depreciation:

At 1 April 2014

391,387

Provision for the year

41,345

At 31 March 2015

432,732

Net book value:

At 31 March 2015

2,067,268

At 31 March 2014

2,108,613

Called-up share capital

2015

2014

2015

2014

Allotted, called up and fully paid

Equity shares:

Ordinary shares of £1 each

15,000

ABBEYFIELD INVESTMENTS LIMITED

Notes to the abbreviated accounts for the year ended 31 March 2015 (continued)

Controlling party

The company is controlled by A C Deane, the director.