Ascot UK Property Investments Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 09083927 (England and Wales)

Abbreviated Accounts for the Year Ended 31 December 2015

for

Ascot UK Property Investments Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

T P Riley

S N Howard

REGISTERED OFFICE:

122 South Road

Waterloo

Liverpool

Merseyside

L22 0ND

REGISTERED NUMBER:

09083927 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

CURRENT ASSETS

Debtors

87,489

-

Cash at bank and in hand

286,911

100

374,400

100

CREDITORS

Amounts falling due within one year

293,295

-

NET CURRENT ASSETS

81,105

100

TOTAL ASSETS LESS CURRENT
LIABILITIES

81,105

100

CAPITAL AND RESERVES

Called up share capital

2

100

Profit and loss account

81,005

-

SHAREHOLDERS' FUNDS

81,105

100

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 2015 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 15 April 2016 and were signed on its behalf by:

T P Riley - 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 January 2015).

Turnover

Turnover represents commissions received excluding value added tax.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

100

Ordinary

£1

100

3.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

S N Howard, a director operates a loan account with the company to which transactions of a private nature are

charged. Included in other debtors as at 31st December 2015 is £44,070 owing from S N Howard. This

represented the maximum balance outstanding during the year and interest was charged on this loan at a rate of

3%.

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £24,000 were paid to the directors .

Ascot Waterloo Limited

A company in which T P Riley is a director

31.12.15

31.12.14

£

Amount due from related party at the balance sheet date

43,419

-

5.	ULTIMATE CONTROLLING PARTY

Both T P Riley and S N Howard are the controlling parties at the balance sheet date.