Ascot Finance (UK) Limited - Abbreviated accounts 16.3
Ascot Finance (UK) Limited - Abbreviated accounts 16.3
| REGISTERED NUMBER: |
| ABBREVIATED UNAUDITED ACCOUNTS |
| FOR THE YEAR ENDED 31 MARCH 2016 |
| FOR |
| ASCOT FINANCE (UK) LIMITED |
| ASCOT FINANCE (UK) LIMITED (REGISTERED NUMBER: 01971625) |
| CONTENTS OF THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 March 2016 |
| Page |
| Company Information | 1 |
| Abbreviated Balance Sheet | 2 |
| Notes to the Abbreviated Accounts | 4 |
| ASCOT FINANCE (UK) LIMITED |
| COMPANY INFORMATION |
| for the Year Ended 31 March 2016 |
| DIRECTORS: |
| SECRETARY: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| ASCOT FINANCE (UK) LIMITED (REGISTERED NUMBER: 01971625) |
| ABBREVIATED BALANCE SHEET |
| 31 March 2016 |
| 31.3.16 | 31.3.15 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 2 |
| Investments | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Revaluation reserve |
| Profit and loss account |
| SHAREHOLDERS' FUNDS |
| 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. |
| ASCOT FINANCE (UK) LIMITED (REGISTERED NUMBER: 01971625) |
| ABBREVIATED BALANCE SHEET - continued |
| 31 March 2016 |
| The financial statements were approved by the Board of Directors on its behalf by: |
| ASCOT FINANCE (UK) LIMITED (REGISTERED NUMBER: 01971625) |
| NOTES TO THE ABBREVIATED ACCOUNTS |
| for the Year Ended 31 March 2016 |
| 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 January 2015). |
| Related party exemption |
| The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 |
| Related Party Disclosures, not to disclose related party transactions with wholly owned subsidiaries |
| within the group. |
| Turnover |
| Turnover represents net invoiced rental income, excluding value added tax. |
| Tangible fixed assets |
| Plant and machinery etc | - |
| 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. |
| Companies act 2006 s398 |
| The Company is exempt by virtue of s398 of the Companies Act 2006 from the requirement to prepare |
| group financial statements. These financial statements present information about the Company as an |
| individual undertaking and not about its group. |
| 2. | TANGIBLE FIXED ASSETS |
| Total |
| £ |
| COST |
| At 1 April 2015 |
| and 31 March 2016 |
| DEPRECIATION |
| At 1 April 2015 |
| Charge for year |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| ASCOT FINANCE (UK) LIMITED (REGISTERED NUMBER: 01971625) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 March 2016 |
| 3. | FIXED ASSET INVESTMENTS |
| Investments |
| other |
| than |
| loans |
| £ |
| COST |
| At 1 April 2015 | 567,262 |
| Share of profit/(loss) | 39,716 |
| Capital introduced | 10,500 |
| At 31 March 2016 | 617,478 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| The company's investments at the Balance Sheet date in the share capital of companies include the |
| following: |
| Subsidiary |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £1 | 100.00 |
| £ | £ |
| Aggregate capital and reserves | (199,982 | ) | (176,745 | ) |
| Loss for the year | (23,237 | ) | (28,725 | ) |
| Joint venture |
| Nature of business: |
| % |
| Class of shares: | holding |
| Ordinary £1 | 50.00 |
| 31.3.16 | 31.3.15 |
| £ | £ |
| Aggregate capital and reserves | 2,465,265 | 2,431,832 |
| Profit for the year | 79,432 | 67,588 |
| ASCOT FINANCE (UK) LIMITED (REGISTERED NUMBER: 01971625) |
| NOTES TO THE ABBREVIATED ACCOUNTS - continued |
| for the Year Ended 31 March 2016 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| COST OR VALUATION |
| At 1 April 2015 |
| Additions |
| Disposals | ( |
) |
| Revaluations |
| At 31 March 2016 |
| NET BOOK VALUE |
| At 31 March 2016 |
| At 31 March 2015 |
| 5. | CREDITORS |
| Creditors include an amount of £ |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 31.3.16 | 31.3.15 |
| value: | £ | £ |
| Ordinary | £1 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| During the year directors introduced net £1,366,679 resulting in a balance of £2,045,409 being owed by |
| the company to the Directors at 31 March 2016 (2015: Owed to the directors £678,730). |