Amora Properties Limited - Abbreviated accounts 16.1
Amora Properties Limited - Abbreviated accounts 16.1
REGISTERED NUMBER: |
ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2015 |
FOR |
AMORA PROPERTIES LIMITED |
AMORA PROPERTIES LIMITED (REGISTERED NUMBER: NI056153) |
CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2015 |
Page |
Company Information | 1 |
Abbreviated Balance Sheet | 2 | to | 3 |
Notes to the Abbreviated Accounts | 4 | to | 5 |
Accountants' Report | 6 |
AMORA PROPERTIES LIMITED |
COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2015 |
DIRECTORS: |
SECRETARY: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ACCOUNTANTS: |
BANKERS: |
AMORA PROPERTIES LIMITED (REGISTERED NUMBER: NI056153) |
ABBREVIATED BALANCE SHEET |
31 JULY 2015 |
31.7.15 | 31.7.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
CURRENT ASSETS |
Debtors |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 3 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
( |
) |
( |
) |
CREDITORS |
Amounts falling due after more than one year |
NET LIABILITIES | ( |
) | ( |
) |
CAPITAL AND RESERVES |
Called up share capital | 4 |
Property revaluation reserve | ( |
) | ( |
) |
Profit and loss account |
SHAREHOLDERS' FUNDS | ( |
) | ( |
) |
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. |
AMORA PROPERTIES LIMITED (REGISTERED NUMBER: NI056153) |
ABBREVIATED BALANCE SHEET - continued |
31 JULY 2015 |
The financial statements were authorised for issue by the Board of Directors on behalf by: |
AMORA PROPERTIES LIMITED (REGISTERED NUMBER: NI056153) |
NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2015 |
1. | ACCOUNTING POLICIES |
Accounting convention |
The financial statements have been prepared under the historical cost convention. |
Financial reporting standard number 1 |
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 |
Freehold property | - |
Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance |
sheet date. |
Investment properties |
Investment properties are valued at their open market value at the balance sheet date. Any surplus on revaluation |
is transferred to the investment property revaluation reserve. Any deficit is deducted from the investment |
property revaluation reserve, except for permanent dimunitions in value, which are charged to the profit and loss |
account. |
No amortisation or depreciation is provided in respect of freehold investment properties and leasehold |
investment properties with over 20 years to expiry, in accordance with Statement of Standard Accounting |
Practice 19: "Accounting for investment properties". This treatment is contrary to the requirements of the |
Companies Act 2006 to provide for depreciation but is considered necessary to ensure the financial statements |
give a true and fair view. |
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2014 |
and 31 July 2015 |
NET BOOK VALUE |
At 31 July 2015 |
At 31 July 2014 |
3. | CREDITORS |
Creditors include an amount of £ |
AMORA PROPERTIES LIMITED (REGISTERED NUMBER: NI056153) |
NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2015 |
4. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.7.15 | 31.7.14 |
value: | £ | £ |
Ordinary | £1 |
5. | GOING CONCERN |
The financial statements have been prepared on the going concern basis which assumes that the company will |
continue in operational existence for the foreseeable future. |
The validity of this assumption depends on the continued support of the company's lenders. The banking |
facilities are currently being reviewed and the directors are confident that these lending facilities shall be |
renewed on a suitable basis to ensure that the company remains as a going concern for the foreseeable future. |
The financial statements do not include any adjustments that would result if they withdrew their support. |
ACCOUNTANTS' REPORT TO THE BOARD OF DIRECTORS |
ON THE UNAUDITED FINANCIAL STATEMENTS OF |
AMORA PROPERTIES LIMITED |
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 Amora Properties Limited for the year ended 31 July 2015 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional requirements which are detailed at http://www.accaglobal.com/rulebook. |
This report is made solely to the Board of Directors of Amora Properties Limited, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of Amora Properties Limited and state those matters that we have agreed to state to the Board of Directors of Amora Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants as detailed at http://www.accaglobal.com/factsheet163. 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 Amora Properties 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 profit of Amora Properties Limited. You consider that Amora Properties Limited 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 financial statements of Amora Properties 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. |
29 April 2016 |