Abbreviated Company Accounts - AMHERST ENTERPRISES LIMITED

AMHERST ENTERPRISES LIMITED - Company Information

02615762 AMHERST ENTERPRISES LIMITED 2015-06-30 false 2014-07-01 2015-06-30 true 02615762 2014-07-01 2015-06-30 02615762 2015-06-30 02615762 2014-06-30 02615762 uk-gaap-cd-bus:Director1 2014-07-01 2015-06-30 02615762 uk-gaap-cd-bus:Director2 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-07-01 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 iso4217:GBP shares

Registered Number 02615762

AMHERST ENTERPRISES LIMITED

Abbreviated Accounts

30 June 2015

AMHERST ENTERPRISES LIMITED Registered Number 02615762

Abbreviated Balance Sheet as at 30 June 2015

	Notes	2015	2014
		£	£
Fixed assets
Tangible assets	2	3,735,226	3,731,469
Investments	3	100	100
		3,735,326	3,731,569
Current assets
Stocks		7,800	1,950
Debtors		127,790	105,026
Cash at bank and in hand		37,041	76,934
		172,631	183,910
Creditors: amounts falling due within one year	4	(236,240)	(248,595)
Net current assets (liabilities)		(63,609)	(64,685)
Total assets less current liabilities		3,671,717	3,666,884
Creditors: amounts falling due after more than one year	4	(2,014,017)	(2,056,996)
Total net assets (liabilities)		1,657,700	1,609,888
Capital and reserves
Called up share capital	5	300	300
Revaluation reserve		418,475	418,475
Profit and loss account		1,238,925	1,191,113
Shareholders' funds		1,657,700	1,609,888

For the year ending 30 June 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 1 March 2016

And signed on their behalf by:
G. Toman, Director
R. Johnson-Perkins, Director

AMHERST ENTERPRISES LIMITED Registered Number 02615762

Notes to the Abbreviated Accounts for the period ended 30 June 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The financial statements have been prepared under the historical cost convention, as modified by the revaluation of investment property and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover policy
Turnover represents amounts receivable from gross rents charged to tenants and the invoice value of goods supplied, net of Value Added Tax. Rental income is recognised as space it provided to tenants.

Tangible assets depreciation policy
No depreciation has been provided on the company's freehold investment property, which has been included in the accounts at cost.

Other fixed assets are stated at cost less depreciation.

Depreciation is provided so as to write off the cost of fixed assets less their estimated residual value over their anticipated useful lives:-

Motor vehicles - 25% reducing balance basis
Fixtures, fittings and equipment - 25% reducing balance basis

Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on the investment properties which are leasehold and where the unexpired lease term is less than 20 years.

2Tangible fixed assets

	£
Cost
At 1 July 2014	3,858,208
Additions	27,935
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2015	3,886,143
Depreciation
At 1 July 2014	126,739
Charge for the year	24,178
On disposals	-
At 30 June 2015	150,917
Net book values
At 30 June 2015	3,735,226
At 30 June 2014	3,731,469

The valuations of investment properties were made as at 30th June 2013 by Mr. G. Toman, a director of the company, on an open market basis. This valuation was considered reasonable by the valuer at that date. No depreciation is provided in respect of these properties.

On an historical cost basis, the aggregate figure would have been shown at an original cost of £2,931,404 (2012 : £2,558,526).

3Fixed assets Investments
The company holds 33 1/3% of the share capital of the following English company:-

Reedholm Properties Limited

The aggregate amount of capital and reserves and the results of this property investment company for the last relevant financial years were as follows:-

Capital and reserve £352,938 (2014: £348,622)

Profit/ (loss) for the year £4,316 (2014: £9,199)

4Creditors

	2015 £	2014 £
Secured Debts	2,034,017	2,076,996

5Called Up Share Capital
Allotted, called up and fully paid:

	2015 £	2014 £
300 Ordinary shares of £1 each	300	300