Abbreviated Company Accounts - MICHAEL AXFORD (HOLDINGS) LTD

MICHAEL AXFORD (HOLDINGS) LTD - Company Information

04559295 MICHAEL AXFORD (HOLDINGS) LTD 2015-03-31 false 2014-04-01 2015-03-31 true 04559295 2014-04-01 2015-03-31 04559295 2015-03-31 04559295 2014-03-31 04559295 uk-gaap-cd-bus:Director1 2014-04-01 2015-03-31 04559295 uk-gaap-cd-bus:Director2 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-04-01 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2015-03-31 uk-gaap-cd-bus:OrdinaryShareClass1 2014-03-31 iso4217:GBP shares

Registered Number 04559295

MICHAEL AXFORD (HOLDINGS) LTD

Abbreviated Accounts

31 March 2015

MICHAEL AXFORD (HOLDINGS) LTD Registered Number 04559295

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	123	154
Investments	3	169,019	169,019
		169,142	169,173
Current assets
Debtors		16,501	16,510
Cash at bank and in hand		5,410	24,654
		21,911	41,164
Creditors: amounts falling due within one year		(720)	(4,288)
Net current assets (liabilities)		21,191	36,876
Total assets less current liabilities		190,333	206,049
Provisions for liabilities		(178,411)	(178,411)
Total net assets (liabilities)		11,922	27,638
Capital and reserves
Called up share capital	4	100	100
Profit and loss account		11,822	27,538
Shareholders' funds		11,922	27,638

For the year ending 31 March 2015 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 25 November 2015

And signed on their behalf by:
D M Axford, Director

MICHAEL AXFORD (HOLDINGS) LTD Registered Number 04559295

Notes to the Abbreviated Accounts for the period ended 31 March 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises rental income receivable.

Tangible assets depreciation policy
Tangible fixed assets are stated at cost less depreciation.

Depreciation is provided at rates calculated to write off the cost of fixed assets, less their estimated residual value, over their expected useful lives on the following bases:-

Fixtures and equipment 20% per annum reducing balance basis
Computer equipment 33⅓% per annum straight line basis

Valuation information and policy
Investment properties

Investment properties are stated at cost and are not depreciated.

Other accounting policies
MORTGAGE LOAN

The company's freehold properties were funded by an interest only mortgage with Virgin. This loan is repayable by September 2016 and is secured on the director's private property.

2Tangible fixed assets

	£
Cost
At 1 April 2014	8,682
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 31 March 2015	8,682
Depreciation
At 1 April 2014	8,528
Charge for the year	31
On disposals	-
At 31 March 2015	8,559
Net book values
At 31 March 2015	123
At 31 March 2014	154

3Fixed assets Investments
INVESTMENT PROPERTIES

There was one freehold property remaining which is stated act cost and not depreciated.

4Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
100 Ordinary shares of £1 each	100	100