1. Accounting policies

Basis of measurement and preparation of accounts

he Financial Statements have been 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).

Turnover policy

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

Tangible fixed assets depreciation policy

Tangible fixed assets are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost of valuation less estimated residual value of each asset over its expected useful life, as follows: Fixtures, fittings & equipment 20% per annum reducing balance basis Investment properties are included in the balance sheet at their open market value. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified

2. Tangible assets

3. Creditors: amounts falling due within one year

5. Called up share capital

Allotted, called up and paid

8. Related party disclosures

During the year, the company received charges of £nil from AGH Services Ltd, (2014 - £13,000), a company owned by a Director, G Haederle and his wife Mrs P Haederle in respect of accountancy and property maintenance services.