Perfect Ashlar Properties Ltd - Limited company - abbreviated - 11.9

REGISTERED NUMBER: 08477894 (England and Wales)

ABBREVIATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2015

FOR

PERFECT ASHLAR PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Alafouzos

REGISTERED OFFICE:

78 Battery Road

West Thamesmead

London

SE28 0JU

REGISTERED NUMBER:

08477894 (England and Wales)

ACCOUNTANTS:

Stern & Company

12-15 Hanger Green

Ealing

London

Greater London

W5 3AY

FIXED ASSETS

Tangible assets

2

1,083

1,225

Investment property

3

432,088

422,521

433,171

423,746

CURRENT ASSETS

Debtors

5

1,754

Cash at bank

1,770

5,973

1,775

7,727

CREDITORS

Amounts falling due within one year

152,675

122,599

NET CURRENT LIABILITIES

(150,900

)

(114,872

)

TOTAL ASSETS LESS CURRENT LIABILITIES

282,271

308,874

CREDITORS

Amounts falling due after more than one year

4

301,482

309,993

NET LIABILITIES

(19,211

)

(1,119

)

CAPITAL AND RESERVES

Called up share capital

5

5,000

5,000

Profit and loss account

(24,211

)

(6,119

)

SHAREHOLDERS' FUNDS

(19,211

)

(1,119

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2015.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for:

(a)	ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and

(b)

preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 28 January 2016 and were signed by:

D Alafouzos - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

At the balance sheet date the company had net liabilities of £19,211. Based on continual support from the

director for a period of no less than 12 months from the date of approval of these financial statements, the

going concern basis is appropriate.

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from

changes in market value is transferred to a revaluation reserve.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2014

and 30 April 2015

1,367

DEPRECIATION

At 1 May 2014

142

Charge for year

142

At 30 April 2015

284

NET BOOK VALUE

At 30 April 2015

1,083

At 30 April 2014

1,225

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 May 2014

422,521

Additions

9,567

At 30 April 2015

432,088

NET BOOK VALUE

At 30 April 2015

432,088

At 30 April 2014

422,521

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

2015

2014

£

£

Repayable by instalments

264,787

278,170

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2015

2014

value:

£

£

5,000

Ordinary

£1

5,000

5,000