AT Properties Ltd
AT Properties Ltd
Registered number: 04939007
Abbreviated accounts
For The Year Ended 5 April 2015
Brooks Accountants
Chartered Certified Accountants
First Floor
35 Woodlands Road
Lytham St Annes
Lancs
FY8 4EP
AT Properties Ltd
Company No. 04939007
Abbreviated Balance Sheet
5 April 2015
Abbreviated Balance Sheet
| 2015 | 2014 | ||||
|---|---|---|---|---|---|
| Notes | £ | £ | £ | £ | |
| FIXED ASSETS | |||||
| Tangible Assets | 2 |
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| Investments | 3 |
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| 3,206,252 | 3,206,473 | ||||
| CURRENT ASSETS | |||||
| 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 (LIABILITIES) |
( |
( |
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| TOTAL ASSETS LESS CURRENT LIABILITIES |
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| Creditors: Amounts Falling Due After More Than One Year | 4 |
( |
( |
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| NET ASSETS |
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| CAPITAL AND RESERVES | |||||
| Called up share capital | 5 |
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| Revaluation reserve |
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| Profit and Loss Account |
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| SHAREHOLDERS' FUNDS |
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AT Properties Ltd
Company No. 04939007
Abbreviated Balance Sheet (continued)
5 April 2015
Director's responsibilities
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The member has not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2008).
On behalf of the board
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AT Properties Ltd
Notes to the Abbreviated Accounts
For The Year Ended 5 April 2015
Notes to the Abbreviated Accounts
Accounting Policies
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
Turnover
Turnover comprises of rents receivable.
Tangible Fixed Assets and Depreciation
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 basis:
| Fixtures & Fittings |
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Investment properties
Investment properties comprise freehold properties held for their investment potential. They are shown at director's valuation and are not depreciated. Any change in their value is shown as a movement on the revaluation reserve. Any net deficit, if it exceeds previous years' surplus is charged to profit and loss account.
Tangible Assets
| Total | |
|---|---|
| Cost | £ |
| As at |
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| As at |
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| Depreciation | |
| As at |
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| Provided during the period |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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AT Properties Ltd
Notes to the Abbreviated Accounts (continued)
For The Year Ended 5 April 2015
Investments
| Unlisted | |
|---|---|
| £ | |
| Cost | |
| As at |
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| As at |
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| Provision | |
| As at |
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| As at |
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| Net Book Value | |
| As at |
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| As at |
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The company owns the entire share capital of 1 £1 ordinary share in AT Investments Limited, a company incorporated in England.
Creditors: Amounts Falling Due After More Than One Year
| 2015 | 2014 | ||
|---|---|---|---|
| £ | £ | ||
| Other creditors |
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This amount comprises of loans advanced for the purchase and restoration of the company's investment properties. The main lenders are Paragon Mortgages Limited and the Bank of Ireland. The loans, which are secured on the properties, are interest only and are repayable after a period of 25 years. The advances have been made under several different interest rate charging arrangements.
Transactions With and Loans to Directors
Dividends paid to directors
| 2015 | 2014 | |
|---|---|---|
| £ | £ | |
| Mr Anthony Towey | 7200 | - |
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