Anchor Watch Management (Salcombe) Ltd - Period Ending 2015-12-31

Registration number: 01215680

Anchor Watch Management (Salcombe) Ltd

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

TKO Accountants Ltd
26 York Street
Harborne
Birmingham
B17 0HG

Anchor Watch Management (Salcombe) Ltd
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Anchor Watch Management (Salcombe) Ltd
for the Year Ended 31 December 2015

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Anchor Watch Management (Salcombe) Ltd for the year ended 31 December 2015 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Anchor Watch Management (Salcombe) Ltd, as a body, in accordance with the terms of our engagement letterdated 23 October 2007. Our work has been undertaken solely to prepare for your approval the accounts of Anchor Watch Management (Salcombe) Ltd and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Anchor Watch Management (Salcombe) Ltd and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Anchor Watch Management (Salcombe) Ltd has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and loss of Anchor Watch Management (Salcombe) Ltd. You consider that Anchor Watch Management (Salcombe) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Anchor Watch Management (Salcombe) Ltd. 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.

......................................

TKO Accountants Ltd
26 York Street
Harborne
Birmingham
B17 0HG

11 February 2016

Page 1

Anchor Watch Management (Salcombe) Ltd
(Registration number: 01215680)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets					5,240			5,538
Current assets
Cash at bank and in hand					4,160			2,557
Creditors: Amounts falling due within one year					(4,692)			(2,586)
Net current liabilities					(532)			(29)
Net assets					4,708			5,509
Capital and reserves
Called up share capital		3			520			520
Capital redemption reserve					4,830			4,830
Profit and loss account					(642)			159
Shareholders' funds					4,708			5,509

For the year ending 31 December 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 11 February 2016 and signed on its behalf by:

.........................................
K Stevenson
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Anchor Watch Management (Salcombe) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amounts received from the owners to cover the running costs of the company.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Plant and machinery	25% straight line basis
Freehold land and buildings	no depreciation charge

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		7,916			7,916
At 31 December 2015		7,916			7,916
Depreciation
At 1 January 2015		2,378			2,378
Charge for the year		298			298
At 31 December 2015		2,676			2,676
Net book value
At 31 December 2015		5,240			5,240
At 31 December 2014		5,538			5,538

Page 3

Anchor Watch Management (Salcombe) Ltd
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary A shares of £1 each		340			340			340			340
Ordinary C shares of £1 each		180			180			180			180
		520			520			520			520

Page 4