Assetsky Limited - Abbreviated accounts 16.1
Assetsky Limited - Abbreviated accounts 16.1
| REGISTERED NUMBER: |
| Abbreviated Unaudited Accounts |
| for the Year Ended 31 October 2015 |
| for |
| Assetsky Limited |
| Assetsky Limited (Registered number: 02262073) |
| Contents of the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 3 |
| Assetsky Limited |
| Company Information |
| for the Year Ended 31 October 2015 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| Assetsky Limited (Registered number: 02262073) |
| Abbreviated Balance Sheet |
| 31 October 2015 |
| 31.10.15 | 31.10.14 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investment property | 3 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank and in hand |
| CREDITORS |
| Amounts falling due within one year | 4 |
| NET CURRENT (LIABILITIES)/ASSETS | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
4 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 5 |
| 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. |
| The financial statements were approved by the Board of Directors on |
| Assetsky Limited (Registered number: 02262073) |
| Notes to the Abbreviated Accounts |
| for the Year Ended 31 October 2015 |
| 1. | ACCOUNTING POLICIES |
| Accounting convention |
| The financial statements have been prepared under the historical cost convention as modified by the revaluation |
| of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January |
| 2015). |
| Turnover |
| Turnover represents rental income achieved in the period on an accruals basis, net of value added tax. Income |
| is recognised as the rental period passes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Motor vehicles | - |
| Computer equipment | - |
| Investment property |
| The company's properties are held for long term investment and are included in the Balance Sheet at their |
| market values. The surpluses or deficits on revaluation of such properties are transferred to the investment |
| property revaluation reserve. Depreciation is not provided in respect of freehold investment properties. |
| Leasehold investment properties are not amortised where the unexpired term is over 20 years. |
| This policy represents a departure from statutory accounting principals, which require depreciation to be |
| provided on all fixed assets. The directors consider that this policy is necessary in order that the financial |
| statements may give a true and fair view because values and changes in current values are of prime importance |
| rather than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected |
| in the valuation and the amount which might otherwise have been shown cannot be separately identified or |
| quantified. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
| balance sheet date. |
| Going concern |
| The accounts are prepared on a going concern basis, the use of the going concern basis of accounting is |
| appropriate because there are no material uncertainties related to events or conditions that may cast significant |
| doubt about the ability of the company to continue as a going concern. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 November 2014 |
| Additions |
| At 31 October 2015 |
| DEPRECIATION |
| At 1 November 2014 |
| Charge for year |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| Assetsky Limited (Registered number: 02262073) |
| Notes to the Abbreviated Accounts - continued |
| for the Year Ended 31 October 2015 |
| 3. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 November 2014 |
| Additions |
| Disposals | ( |
) |
| Revaluations | ( |
) |
| At 31 October 2015 |
| NET BOOK VALUE |
| At 31 October 2015 |
| At 31 October 2014 |
| 4. | CREDITORS |
| Creditors include an amount of £ |
| They also include the following debts falling due in more than five years: |
| 31.10.15 | 31.10.14 |
| £ | £ |
| Repayable otherwise than by instalments | 732,217 | 732,217 |
| Repayable by instalments | 930,176 | 1,043,704 |
| 5. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.10.15 | 31.10.14 |
| value: | £ | £ |
| Ordinary A | £1 |
| Ordinary B | £1 |
| 4 | 4 |