ALPINEPOINT_LIMITED - Accounts
ALPINEPOINT_LIMITED - Accounts
Company Registration No. 05823525 (England and Wales)
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 30 APRIL 2015
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
-
Current assets
Debtors
-
Cash at bank and in hand
-
-
Creditors: amounts falling due within one year
3
(73,322 )
(414,408 )
Net current liabilities
(73,322 )
(405,879 )
Total assets less current liabilities
(73,322 )
Capital and reserves
Called up share capital
4
Profit and loss account
(73,323 )
Shareholders' funds
(73,322 )
Directors' responsibilities:
-
-
Approved by the Board for issue on 5 January 2016
Director
Company Registration No. 05823525
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
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
1.3
Tangible fixed assets and depreciation
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.
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.
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.
1.4
Going concern
The Company's current liabilities exceeded its current assets by £73,322 for the year ended 30 April 2015. This is due to the balance of £71,799 included in the current liabilities which is due to the parent company. The parent company has expressed its willingness not to demand the repayment within 12 months from the date of approval of these financial statements.
Based on these, the directors continue to adopt going concern basis in preparing the financial statements.
2
Fixed assets
Tangible assets
£
Cost
At 1 May 2014
430,000
Disposals
(430,000)
At 30 April 2015
-
At 30 April 2014
430,000
3
Creditors: amounts falling due within one year
The aggregate amount of creditors for which security has been given amounted to £0 (2014 - £328,585).
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 APRIL 2015
- 3 -
4
Share capital
2015
2014
£
£
Allotted, called up and fully paid
5
Ultimate parent company
There is no single controlling party in the company at present. The ultimate and immediate parent company is Milebank Limited, a company incorporated in England and Wales.