Albemarle Estates Limited - Period Ending 2016-03-31

Registration number: 01806388

Albemarle Estates Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

Sobell Rhodes LLP
Chartered Accountants
Ground Floor
Unit 501 Centennial Park
Centennial Avenue
Elstree, Borehamwood
Hertfordshire
WD6 3FG

Albemarle Estates Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Albemarle Estates Limited
(Registration number: 01806388)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			81,242			81,280
Current assets
Debtors					1,931			2,779
Cash at bank and in hand					21,410			13,405
					23,341			16,184
Creditors: Amounts falling due within one year					(85,192)			(86,461)
Net current liabilities					(61,851)			(70,277)
Net assets					19,391			11,003
Capital and reserves
Called up share capital		3			100			100
Profit and loss account					19,291			10,903
Shareholders' funds					19,391			11,003

For the year ending 31 March 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 11 October 2016 and signed on its behalf by:

 Mr Roy Leslie Winkler
 Director

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

Albemarle Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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).

The accounts do not include a cash flow statement because the company, as a small reporting entity, is exempt from the requirements to prepare such a statement.

Turnover

Turnover represents amounts chargeable in respect of rent received by tenants.

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	15% reducing balance

Hire purchase and leasing

Rentals payable under operating leases are charged in the profit and loss account on a straight line basis over the lease term.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

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Albemarle Estates Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		86,121			86,121
At 31 March 2016		86,121			86,121
Depreciation
At 1 April 2015		4,841			4,841
Charge for the year		38			38
At 31 March 2016		4,879			4,879
Net book value
At 31 March 2016		81,242			81,242
At 31 March 2015		81,280			81,280

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		100			100			100			100

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