A & S Equity Limited - Limited company - abbreviated - 11.0.0

REGISTERED NUMBER: 08522138 (England and Wales)

Abbreviated Unaudited Accounts

for the Period

9 May 2013 to 31 December 2013

for

A & S Equity Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTORS:

A Mahal

Mrs S Mahal

REGISTERED OFFICE:

21 Eastgate Business Centre

Eastern Avenue

Burton upon Trent

Staffordshire

DE13 0AT

REGISTERED NUMBER:

08522138 (England and Wales)

ACCOUNTANTS:

HSKS Greenhalgh

21 Eastgate Business Centre

Eastern Avenue

Burton upon Trent

Staffordshire

DE13 0AT

FIXED ASSETS

Tangible assets

2

180

Investment property

3

200,534

200,714

CURRENT ASSETS

Cash at bank

1,340

CREDITORS

Amounts falling due within one year

4

86,969

NET CURRENT LIABILITIES

(85,629

)

TOTAL ASSETS LESS CURRENT LIABILITIES

115,085

CREDITORS

Amounts falling due after more than one year

4

115,659

NET LIABILITIES

(574

)

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

(674

)

SHAREHOLDERS' FUNDS

(574

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the period ended 31 December 2013.

The members have not required the company to obtain an audit of its financial statements for the period ended 31 December 2013 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 23 September 2014 and were signed on its behalf by:

A Mahal - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The balance sheet details net current liabilities of £84,890. The directors believe that the company has

adequate cash resources to finance its trading and other obligations during the course of the twelve

months from the balance sheet sign off date. The directors consider it appropriate to prepare the

financial statements on a going concern basis.

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).

Turnover

Turnover represents rental income for the period.

Tangible fixed assets

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

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 material timing differences that have originated but not

reversed at the balance sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

Additions

200

At 31 December 2013

200

DEPRECIATION

Charge for period

20

At 31 December 2013

20

NET BOOK VALUE

At 31 December 2013

180

3.	INVESTMENT PROPERTY

Total

£

COST

Additions

200,534

At 31 December 2013

200,534

NET BOOK VALUE

At 31 December 2013

200,534

4.

CREDITORS

Creditors include an amount of £ 118,338 for which security has been given.

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

£

Repayable by instalments

103,716

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

value:

£

100

Ordinary

£1

100

100 Ordinary shares of £1 each were allotted and fully paid for cash at par during the period.

6.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

The following reproduces the text of the report prepared for the directors in respect of the company's

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

pages two to five) have been prepared.

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

the financial statements of A & S Equity Limited for the period ended 31 December 2013 which comprise the

Profit and Loss Account, the Balance Sheet and the related notes 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 A & S Equity Limited, as a body, in accordance with the

terms of our engagement letter dated 14 May 2013. Our work has been undertaken solely to prepare for your

approval the financial statements of A & S Equity Limited and state those matters that we have agreed to

state to the Board of Directors of A & S Equity Limited, 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 the company and its Board of Directors, as a body, for our work or for this

report.

It is your duty to ensure that A & S Equity Limited has kept adequate accounting records and to prepare

statutory financial statements that give a true and fair view of the assets, liabilities, financial position and loss

of A & S Equity Limited. You consider that A & S Equity Limited is exempt from the statutory audit requirement

for the period.

We have not been instructed to carry out an audit or a review of the financial statements of A & S Equity

Limited. 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 financial statements.

HSKS Greenhalgh

21 Eastgate Business Centre

Eastern Avenue

Burton upon Trent

Staffordshire

DE13 0AT

24 September 2014