Avonsdown Properties Limited - Period Ending 2016-04-30

AVONSDOWN PROPERTIES LIMITED - Company Information

Registration number: 06992438

Avonsdown Properties Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 April 2016

R S Porter & Co Limited
Albion Dockside Building
Hanover Place
Bristol
BS1 6UT

Avonsdown Properties Limited

Contents

Accountants' Report	1
Abbreviated Balance Sheet	2
Notes to the Abbreviated Accounts	3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Avonsdown Properties Limited
for the Year Ended 30 April 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Avonsdown Properties Limited for the year ended 30 April 2016 set out on pages XX from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the Board of Directors of Avonsdown Properties Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Avonsdown Properties Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Avonsdown Properties Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Avonsdown Properties Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Avonsdown Properties Limited. You consider that Avonsdown 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 accounts of Avonsdown 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 accounts.

......................................

R S Porter & Co Limited
Albion Dockside Building
Hanover Place
Bristol
BS1 6UT

16 May 2016

Page 1

Avonsdown Properties Limited

(Registration number: 06992438)
Abbreviated Balance Sheet as at 30 April 2016

	Note	2016 £	2015 £
Fixed assets
Tangible assets	2	1,806,201	1,557,601
Current assets
Debtors		-	3,299
Cash at bank and in hand		10,715	19,148
		10,715	22,447
Creditors: Amounts falling due within one year	3	(29,468)	(8,097)
Net current (liabilities)/assets		(18,753)	14,350
Total assets less current liabilities		1,787,448	1,571,951
Creditors: Amounts falling due after more than one year	3	(59,095)	(101,500)
Accruals and deferred income		(660)	(946)
Net assets		1,727,693	1,469,505
Capital and reserves
Called up share capital	4	990,000	990,000
Revaluation reserve		559,742	310,742
Profit and loss account		177,951	168,763
Shareholders funds		1,727,693	1,469,505

For the year ending 30 April 2016 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 16 May 2016 and signed on its behalf by:

.........................................
Mr Frank Collins
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Avonsdown Properties Limited

Notes to the Abbreviated Accounts

Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Revenue recognition

Revenue is recognised to the extent that the company obtains the right to consideration in exchange for its performance. Revenue is measured at the fair value of the consideration received, excluding discounts, rebates, VAT and other sales tax or duty.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Fixtures and fittings	25% reducing balance

Fixed assets

	Tangible assets £	Total £
Cost
At 1 May 2015	1,565,000	1,565,000
Revaluations	249,000	249,000
At 30 April 2016	1,814,000	1,814,000
Depreciation
At 1 May 2015	7,399	7,399
Charge for the year	400	400
At 30 April 2016	7,799	7,799
Net book value
At 30 April 2016	1,806,201	1,806,201
At 30 April 2015	1,557,601	1,557,601

Page 3

Avonsdown Properties Limited

Notes to the Abbreviated Accounts

Creditors

Creditors includes the following liabilities, on which security has been given by the company:

	2016 £	2015 £
Amounts falling due within one year	22,125	-
Amounts falling due after more than one year	59,095	101,500
Total secured creditors	81,220	101,500

Share capital

Allotted, called up and fully paid shares

	2016		2015
	No.	£	No.	£
Ordinary of £1 each	990,000	990,000	990,000	990,000

Control

The company is controlled by .

Page 4