Ashwaynook Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05925009

Abbreviated Unaudited Accounts for the Year Ended 31 May 2015

for

Ashwaynook Properties Limited

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTOR:

C R Brierley

REGISTERED OFFICE:

The White Hart

51 Stockport Road Lydgate

Oldham

Lancashire

OL4 4JJ

BUSINESS ADDRESS:

51 Stockport Road

Lydgate

Oldham

OL4 7JJ

REGISTERED NUMBER:

05925009

ACCOUNTANTS:

James Scott

Chartered Certified Accountant

Balmoral House

Warwick Court

Park Road

Middleton

Manchester

M24 1AE

The following reproduces the text of the report prepared for the director in respect of the Company's

annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on

pages three to seven) have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your

approval these accounts from the company's accounting records and from information and explanations

you have given us.

As a member firm of the Association of Chartered Certified Accountants, we are subject to its ethical and

other professional requirements which are detailed at:

http://www.accaglobal.com/en/member/professional-standards/rules-standards/acca-rulebook.html

This report is made solely to the Board of Directors, as a body, in accordance with the terms of our

engagement letter. Our work has been undertaken solely to prepare for your approval these accounts

and state those matters that we have agreed to state to them/the Board of Directors, as a body, in

accordance with the requirements of the Association of Chartered Certified Accountants as detailed at:

http://www.accaglobal.com/content/dam/ACCA_Global/Technical/fact/technical-factsheet-163.pdf.

To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than

the company and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that the company has kept adequate accounting records and to prepare statutory

accounts that give a true and fair view of the assets, liabilities, financial position and profit[/loss of the

company. You consider that the company is exempt from the statutory audit requirement for the

accounting period. We have not been instructed to carry out an audit or a review of the accounts of the

company. For this reason, we have not verified the accuracy or completeness of the accounting records

or information and explanations you have given to us and we do not, therefore, express any opinion on

the statutory accounts.

James Scott

Chartered Certified Accountant

Balmoral House

Warwick Court

Park Road

Middleton

Manchester

M24 1AE

18 February 2016

FIXED ASSETS

Tangible assets

2

2,654,398

2,681,998

Investments

3

2,203

2,203

2,656,601

2,684,201

CURRENT ASSETS

Debtors

13,276

31,234

Cash at bank and in hand

69,579

1,241

82,855

32,475

CREDITORS

Amounts falling due within one year

317,775

386,690

NET CURRENT LIABILITIES

(234,920

)

(354,215

)

TOTAL ASSETS LESS CURRENT LIABILITIES

2,421,681

2,329,986

CREDITORS

Amounts falling due after more than one year

4

1,998,018

2,063,342

NET ASSETS

423,663

266,644

CAPITAL AND RESERVES

Called up share capital

5

233

233

Profit and loss account

423,430

266,411

SHAREHOLDERS' FUNDS

423,663

266,644

The Company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2015.

The members have not required the Company to obtain an audit of its financial statements for the year ended 31 May 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 18 February 2016 and were signed by:

C R Brierley - Director

1.	ACCOUNTING POLICIES

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).

Exemption from preparing a cash flow statement

Exemption has been taken from preparing a cash flow statement on the grounds that the company

qualifies as a small company.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Freehold property

-

Straight line over 100 years

Deferred tax

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

reversed at the balance sheet date where transactions or events have occurred at that date that

will result in an obligation to pay more, or a right to pay less or to receive more, tax, with the

following exceptions:

Provision is made for tax on gains arising from the revaluation (and similar fair value adjustments)

of fixed assets, and gains on disposal of fixed assets that have been rolled over into replacement

assets, only to the extent that, at the balance sheet date, there is a binding agreement to dispose

of the assets concerned. However, no provision is made where, on the basis of all available

evidence at the balance sheet date, it is more likely than not that the taxable gain will be rolled

over into replacement assets and charged to tax only where the replacement assets are sold;

Provision is made for deferred tax that would arise on remittance of the retained earnings of

overseas subsidiaries, associates and joint ventures only to the extent that, at the balance sheet

date, dividends have been accrued as receivable;

Deferred tax assets are recognised only to the extent that the directors consider that it is more

likely than not that there will be suitable taxable profits from which the future reversal of the

underlying timing differences can be deducted.

Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in

the periods in which timing differences reverse, based on tax rates and laws enacted or

substantively enacted at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 June 2014

and 31 May 2015

2,740,010

DEPRECIATION

At 1 June 2014

58,012

Charge for year

27,600

At 31 May 2015

85,612

NET BOOK VALUE

At 31 May 2015

2,654,398

At 31 May 2014

2,681,998

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2014

and 31 May 2015

2,203

NET BOOK VALUE

At 31 May 2015

2,203

At 31 May 2014

2,203

The Company's investments at the Balance Sheet date in the share capital of companies include

the following:

Penrhyn Inns Limited

Nature of business: Restaurant, Bar and Hotel

%

Class of shares:

holding

Ordinary

97.00

A Ordinary

100.00

31.5.15

31.5.14

£

£

Aggregate capital and reserves

21,396

4,660

Profit for the year

148,482

142,075

Dinnerstone Limited

Nature of business: Restaurant and bar

%

Class of shares:

holding

Ordinary

100.00

31.5.15

31.5.14

£

£

Aggregate capital and reserves

59,791

64,471

Profit for the year

86,133

47,683

4.

CREDITORS

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

31.5.15

31.5.14

£

£

Repayable by instalments

1,563,909

1,682,373

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.5.15

31.5.14

value:

£

£

233

Ordinary shares

£1

233

233