| Access Property Company Limited |
| Registered number: |
03350511 |
| Abbreviated Balance Sheet |
| as at 30 April 2015 |
|
| Notes |
|
|
2015 |
|
|
2014 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
368,395 |
|
|
369,243 |
|
| Current assets |
| Debtors |
|
|
491 |
|
|
2,121 |
| Cash at bank and in hand |
|
|
1,266 |
|
|
3,290 |
|
|
|
1,757 |
|
|
5,411 |
|
| Creditors: amounts falling due within one year |
|
|
(48,213) |
|
|
(48,650) |
|
| Net current liabilities |
|
|
|
(46,456) |
|
|
(43,239) |
|
| Total assets less current liabilities |
|
|
|
321,939 |
|
|
326,004 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(114,855) |
|
|
(118,974) |
|
|
|
| Net assets |
|
|
|
207,084 |
|
|
207,030 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Revaluation reserve |
|
|
|
106,827 |
|
|
106,827 |
| Profit and loss account |
|
|
|
100,255 |
|
|
100,201 |
|
| Shareholders' funds |
|
|
|
207,084 |
|
|
207,030 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| K Moss |
| Director |
| Approved by the board on 21 January 2016 |
|
| Access Property Company Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 April 2015 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
|
Turnover |
|
Turnover represents the value of goods provided to customers and work carried out in respect of services provided to customers. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Fixtures and fittings |
20% reducing balance |
|
Furniture and equipment |
20% reducing balance |
|
|
No depreciation is provided on the freehold property as it is the company's policy to maintain these so as to extend their useful lives. The non provision of depreciation is not in accordance with the requirements of generally accepted accounting policy, but is considered necessary in order that the accounts show a true and fair view. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 May 2014 |
393,264 |
|
At 30 April 2015 |
393,264 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 May 2014 |
24,021 |
|
Charge for the year |
848 |
|
At 30 April 2015 |
24,869 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 April 2015 |
368,395 |
|
At 30 April 2014 |
369,243 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2015 |
|
2014 |
| £ |
£ |
|
Creditors include: |
|
Amounts falling due for payment after more than five years |
84,379 |
|
88,498 |
|
Secured bank loans |
120,950 |
|
125,069 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2015 |
|
2015 |
|
2014 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
K Moss |
|
Interest free loan |
1,561 |
|
- |
|
(1,561) |
|
- |
|
|
|
1,561 |
|
- |
|
(1,561) |
|
- |
|
|
|
|
|
|
|
|
|
