Abbreviated Company Accounts - THE AMK HERITAGE CO. LIMITED

THE AMK HERITAGE CO. LIMITED - Company Information

Registered Number 04932459

THE AMK HERITAGE CO. LIMITED

Abbreviated Accounts

31 March 2015

THE AMK HERITAGE CO. LIMITED Registered Number 04932459

Abbreviated Balance Sheet as at 31 March 2015

	Notes	2015	2014
		£	£
Fixed assets
Investments	2	2,225,000	2,020,000
		2,225,000	2,020,000
Current assets
Stocks		212,522	246,725
Cash at bank and in hand		115	456
		212,637	247,181
Creditors: amounts falling due within one year		(316,134)	(364,431)
Net current assets (liabilities)		(103,497)	(117,250)
Total assets less current liabilities		2,121,503	1,902,750
Creditors: amounts falling due after more than one year		(1,090,000)	(1,090,000)
Total net assets (liabilities)		1,031,503	812,750
Capital and reserves
Called up share capital		300	300
Share premium account		249,900	249,900
Revaluation reserve		869,106	664,106
Profit and loss account		(87,803)	(101,556)
Shareholders' funds		1,031,503	812,750

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 31 December 2015

And signed on their behalf by:
Maria Koumi, Director

THE AMK HERITAGE CO. LIMITED Registered Number 04932459

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

1Accounting Policies

Basis of measurement and preparation of accounts
The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets in accordance with the Financial Reporting for Smaller Entities (effective April 2008)

Turnover policy
Turnover comprises revenue recognized by the company in respect of services supplied, exclusive of Value Added Tax and trade discounts.

2Fixed assets Investments
Investment properties are included in the balance sheet at their open market value in accordance with the Financial Reporting Standard for Smaller Entities ( effective April 2008) and are not depreciated. This treatment is contrary to the Companies Act 2006 which states that fixed assets should be depreciated but is, in the opinion of the directors, necessary in order to give a true and fair view of the financial position of the company.