ALLEN'S_OF_MAYFAIR_LIMITE - Accounts

ALLEN'S OF MAYFAIR LIMITED - Company Information

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Company Registration No. 00746733 (England and Wales)

ALLEN'S OF MAYFAIR LIMITED

ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

ALLEN'S OF MAYFAIR LIMITED

CONTENTS

Page

Abbreviated balance sheet

1 - 2

Notes to the abbreviated accounts

3 - 4

ALLEN'S OF MAYFAIR LIMITED

ABBREVIATED BALANCE SHEET

AS AT

31 MARCH 2015

- 1 -

2015

2014

Notes

Fixed assets

Tangible assets

12,301,602

12,301,484

Investments

59,694

12,361,296

12,361,178

Current assets

Debtors

838,669

727,814

Cash at bank and in hand

26,442

57,877

865,111

785,691

Creditors: amounts falling due within one year

(4,925,707)

(4,893,357)

Net current liabilities

(4,060,596)

(4,107,666)

Total assets less current liabilities

8,300,700

8,253,512

Creditors: amounts falling due after more than one year

(4,341,763)

(4,320,237)

3,958,937

3,933,275

Capital and reserves

Called up share capital

1,200

Share premium account

49,800

Revaluation reserve

7,528,294

Profit and loss account

(3,620,357)

(3,646,019)

Shareholders' funds

3,958,937

3,933,275

ALLEN'S OF MAYFAIR LIMITED

ABBREVIATED BALANCE SHEET (CONTINUED)

AS AT

31 MARCH 2015

- 2 -

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.

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 11 September 2015

J Stewart

Director

Company Registration No. 00746733

ALLEN'S OF MAYFAIR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 31 MARCH 2015

- 3 -

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 in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.

1.2

Turnover

Turnover represents amounts receivable services net of VAT and trade discounts.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets include investment properties professionally valued by Chartered Surveyors on an existing use open market value basis. Other tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

Computer equipment

33.33% straight line

Fixtures, fittings & equipment

20% reducing balance

1.4

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

1.5

Group accounts

The financial statements present information about the company as an individual undertaking and not about its group. The company and its subsidiary undertaking comprise a small-sized group. The company has therefore taken advantage of the exemptions provided by section 399 of the Companies Act 2006 not to prepare group accounts.

ALLEN'S OF MAYFAIR LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 31 MARCH 2015

- 4 -

Fixed assets

Tangible assets

Investments

Total

Cost or valuation

At 1 April 2014

12,310,211

59,694

12,369,905

Additions

622

At 31 March 2015

12,310,833

59,694

12,370,527

Depreciation

At 1 April 2014

8,727

Charge for the year

504

At 31 March 2015

9,231

Net book value

At 31 March 2015

12,301,602

59,694

12,361,296

At 31 March 2014

12,301,484

59,694

12,361,178

Holdings of more than 20%

The company holds more than 20% of the share capital of the following companies:

Company

Country of registration or

Shares held

incorporation

Class

Subsidiary undertakings

Tilfinch Limited

England and Wales

Ordinary

100.00

The aggregate amount of capital and reserves and the results of these undertakings for the last relevant financial year were as follows:

Capital and reserves

Profit/(loss) for the year

2015

Principal activity

Tilfinch Limited

Property investment

1,349,700

(443)

Share capital

2015

2014

Allotted, called up and fully paid

1,200 ordinary shares of £1 each

1,200