Activ Commercial Limited - Period Ending 2015-12-31

Registration number: 05313428

Activ Commercial Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 December 2015
 

Bulley Davey Limited
Chartered Certified Accountants
1 - 4 London Road
Spalding
Lincolnshire
PE11 2TA

Activ Commercial Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Activ Commercial Limited
(Registration number: 05313428)
Abbreviated Balance Sheet at 31 December 2015

		Note			2015 £			2014 £
Fixed assets
Tangible fixed assets		2			4,010,000			4,010,000
Current assets
Debtors					79,278			166,208
Cash at bank and in hand					16,206			22,982
					95,484			189,190
Creditors: Amounts falling due within one year					(440,542)			(400,206)
Net current liabilities					(345,058)			(211,016)
Total assets less current liabilities					3,664,942			3,798,984
Creditors: Amounts falling due after more than one year					(1,451,038)			(1,567,206)
Net assets					2,213,904			2,231,778
Capital and reserves
Called up share capital		4			100			100
Revaluation reserve					1,615,749			1,615,749
Profit and loss account					598,055			615,929
Shareholders' funds					2,213,904			2,231,778

For the year ending 31 December 2015 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 director acknowledges his 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 director on 30 September 2016

 Mr M C Clark
 Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Activ Commercial Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

1	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 and in accordance with the Financial Reporting Standard for Smaller Entities (Effective January 2015).

Turnover

Turnover represents amounts chargeable, net of value added tax, in respect of rent receivable during the year.

Investment properties

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, or its reversal, on an individual property is expected to be permanent, in which case it is recognised in the profit and loss accunt for the year. This is in accordance with SSAP 19 which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 January 2015		4,010,000			4,010,000
At 31 December 2015		4,010,000			4,010,000
Depreciation
At 31 December 2015		-			-
Net book value
At 31 December 2015		4,010,000			4,010,000
At 31 December 2014		4,010,000			4,010,000

3

Creditors

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

		2015 £			2014 £
Amounts falling due within one year		113,921			111,674
Amounts falling due after more than one year		1,451,037			1,567,206
Total secured creditors		1,564,959			1,678,880

Included in the creditors are the following amounts due after more than five years:

Page 2

Activ Commercial Limited
Notes to the Abbreviated Accounts for the Year Ended 31 December 2015
......... continued

		2015 £			2014 £
After more than five years by instalments		995,352			1,120,511

4	Share capital

Allotted, called up and fully paid shares

	2015						2014
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

5

Control

The company is controlled by UK Activ Limited a company incorporated in England and Wales. The ultimate controlling party is Mr M C Clark.

Page 3