Auster Industries Limited - Abbreviated accounts 16.1

REGISTERED NUMBER: 02317975 (England and Wales)

Abbreviated Unaudited Accounts for the Year Ended 31 December 2015

for

Auster Industries Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTORS:

Mr J Robinson

Mr I F Vaughan

Mr M Walker

SECRETARY:

Mr M O Spinner

REGISTERED OFFICE:

C/O Compton House

6 Hazlemere Drive

Suton Coldfield

West Midlands

B74 2RW

REGISTERED NUMBER:

02317975 (England and Wales)

ACCOUNTANTS:

NSE Tax Limited

3 Blackwell Road

Barnt Green

Worcestershire

B45 8BT

FIXED ASSETS

Investments

2

1,156,631

CURRENT ASSETS

Debtors

-

1,133,744

Cash at bank

2,058

2,088

2,058

1,135,832

CREDITORS

Amounts falling due within one year

115,017

19,036

NET CURRENT (LIABILITIES)/ASSETS

(112,959

)

1,116,796

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,043,672

2,273,427

CREDITORS

Amounts falling due after more than
one year

-

1,320,000

NET ASSETS

1,043,672

953,427

CAPITAL AND RESERVES

Called up share capital

3

906,631

Profit and loss account

137,041

46,796

SHAREHOLDERS' FUNDS

1,043,672

953,427

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 1 September 2016 and were
signed on its behalf by:

Mr J Robinson - 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 net invoiced sales of services, 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.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 January 2015

and 31 December 2015

1,156,631

NET BOOK VALUE

At 31 December 2015

1,156,631

At 31 December 2014

1,156,631

The company's investments at the Balance Sheet date in the share capital of companies

include the following:

Rearsby Limited

Nature of business: property rental and development

%

Class of shares:

holding

Ordinary

100.00

31.12.15

31.12.14

£

Aggregate capital and reserves

3,903,293

4,032,065

Profit for the year

171,228

236,121

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.12.15

31.12.14

value:

£

90,663,100

Ordinary shares

.01

906,631

4.	RELATED PARTY DISCLOSURES

During the year, total dividends of £210,000 were paid to the directors .

Included in creditors at 31 December 2015 is £109,157 due to Rearsby Limited (2014: debit

£1,133,744).

Recharges during the year from Rearsby Limited were £36,000 (2014: £68,500).

During the year the loan of £1,320,000 was repaid to the shareholders. interest was charged

at 4.5% above base per annum..