Admiral Property Investments Limited - Abbreviated accounts 16.1

Admiral Property Investments Limited - Abbreviated accounts 16.1

ADMIRAL PROPERTY INVESTMENTS LIMITED - Company Information

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REGISTERED NUMBER: 07805251 (England and Wales)
























ADMIRAL PROPERTY INVESTMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2015






ADMIRAL PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 07805251)

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 to 4

ADMIRAL PROPERTY INVESTMENTS LIMITED

COMPANY INFORMATION
For The Year Ended 31 October 2015







DIRECTOR: J Maddox





REGISTERED OFFICE: Stamford House
The Square
Woburn Sands
Milton Keynes
MK17 8SY





REGISTERED NUMBER: 07805251 (England and Wales)





ACCOUNTANTS: Haines Watts Northamptonshire Limited
26-28 Headlands
Kettering
Northamptonshire
NN15 7HP
Page 1
ADMIRAL PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 07805251)

ABBREVIATED BALANCE SHEET
31 October 2015

2015 2014
Notes £    £    £    £   
FIXED ASSETS
Tangible assets 2 10,374 13,123
Investment property 3 785,000 585,000
795,374 598,123

CURRENT ASSETS
Debtors 16,937 19,280
Cash at bank and in hand 6,366 8,628
23,303 27,908
CREDITORS
Amounts falling due within one year 343,232 354,166
NET CURRENT LIABILITIES (319,929 ) (326,258 )
TOTAL ASSETS LESS CURRENT
LIABILITIES
475,445
271,865

PROVISIONS FOR LIABILITIES 2,075 2,625
NET ASSETS 473,370 269,240

CAPITAL AND RESERVES
Called up share capital 4 100 100
Revaluation reserve 455,443 255,443
Profit and loss account 17,827 13,697
SHAREHOLDERS' FUNDS 473,370 269,240

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2015 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 29 July 2016 and were signed by:





J Maddox - Director


The notes form part of these abbreviated accounts

Page 2
ADMIRAL PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 07805251)

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 April 2008).

Turnover
Turnover represents net invoiced sales of services, excluding value added tax.

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

Storage Containers - 25% on reducing balance
Plant and machinery - 25% on reducing balance
Fixtures and fittings - 25% on reducing balance

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 timing differences that have originated but not reversed at the
balance sheet date.

Hire purchase and leasing commitments
Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the
period of the lease.

2. TANGIBLE FIXED ASSETS
Total
£   
COST
At 1 November 2014 20,680
Additions 708
At 31 October 2015 21,388
DEPRECIATION
At 1 November 2014 7,557
Charge for year 3,457
At 31 October 2015 11,014
NET BOOK VALUE
At 31 October 2015 10,374
At 31 October 2014 13,123

Page 3 continued...
ADMIRAL PROPERTY INVESTMENTS LIMITED (REGISTERED NUMBER: 07805251)

NOTES TO THE ABBREVIATED ACCOUNTS - continued
For The Year Ended 31 October 2015


3. INVESTMENT PROPERTY
Total
£   
COST OR VALUATION
At 1 November 2014 585,000
Revaluations 200,000
At 31 October 2015 785,000
NET BOOK VALUE
At 31 October 2015 785,000
At 31 October 2014 585,000

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2015 2014
value: £    £   
100 Ordinary £1 100 100

5. ULTIMATE CONTROLLING PARTY

During the year the company was under the control of the director, J Maddox, by virtue of his 100%
shareholding in the company.

Page 4