Abbreviated Company Accounts - ASHMAN PROPERTIES LIMITED

Abbreviated Company Accounts - ASHMAN PROPERTIES LIMITED


Registered Number 05900298

ASHMAN PROPERTIES LIMITED

Abbreviated Accounts

31 August 2016

ASHMAN PROPERTIES LIMITED Registered Number 05900298

Abbreviated Balance Sheet as at 31 August 2016

Notes 2016 2015
£ £
Fixed assets
Tangible assets 2 2,228 2,971
2,228 2,971
Current assets
Stocks 630,000 630,000
Cash at bank and in hand 20,558 4,035
650,558 634,035
Creditors: amounts falling due within one year (672,439) (595,369)
Net current assets (liabilities) (21,881) 38,666
Total assets less current liabilities (19,653) 41,637
Creditors: amounts falling due after more than one year - (80,000)
Total net assets (liabilities) (19,653) (38,363)
Capital and reserves
Called up share capital 20 20
Other reserves (38,383) (35,206)
Profit and loss account 18,710 (3,177)
Shareholders' funds (19,653) (38,363)
  • For the year ending 31 August 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 9 January 2017

And signed on their behalf by:
PATRICK WILLIAM ASHBY, Director

ASHMAN PROPERTIES LIMITED Registered Number 05900298

Notes to the Abbreviated Accounts for the period ended 31 August 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the value of property rents received and sale of freehold or properties developed.

Tangible assets depreciation policy
Depreciation has been provided at the rate of 25% reducing balance on all equipment.

2Tangible fixed assets
£
Cost
At 1 September 2015 24,907
Additions -
Disposals -
Revaluations -
Transfers -
At 31 August 2016 24,907
Depreciation
At 1 September 2015 21,936
Charge for the year 743
On disposals -
At 31 August 2016 22,679
Net book values
At 31 August 2016 2,228
At 31 August 2015 2,971