ASHMEAD_PROPERTY_RENTALS_ - Accounts

ASHMEAD PROPERTY RENTALS LIMITED - Company Information

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Company Registration No. 04659658 (England and Wales)

ASHMEAD PROPERTY RENTALS LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 30 APRIL 2016

ASHMEAD PROPERTY RENTALS LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

ASHMEAD PROPERTY RENTALS LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 APRIL 2016

- 1 -

2016

2015

Notes

Fixed assets

Tangible assets

2,640,188

2,480,629

Current assets

Debtors

4,500

4,310

Cash at bank and in hand

27,320

26,683

31,820

30,993

Creditors: amounts falling due within one year

(27,503)

(29,423)

Net current assets

4,317

1,570

Total assets less current liabilities

2,644,505

2,482,199

Creditors: amounts falling due after more than one year

(1,984,668)

(1,899,151)

659,837

583,048

Capital and reserves

Called up share capital

1,000

Revaluation reserve

566,558

497,187

Profit and loss account

92,279

84,861

Shareholders' funds

659,837

583,048

For the financial year ended 30 April 2016 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.

These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.

Approved by the Board for issue on 25 January 2017

Mr D Nos

Director

Company Registration No. 04659658

ASHMEAD PROPERTY RENTALS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).

1.2

Compliance with accounting standards

The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).

1.3

Turnover

Turnover represents amounts receivable for goods and services net of trade discounts.

1.4

Tangible fixed assets and depreciation

Tangible fixed assets other than freehold land are stated at cost or valuation less depreciation. Depreciation is provided at rates calculated to write off the cost or valuation less estimated residual value of each asset over its expected useful life, as follows:

Land and buildings Freehold

The directors consider that for the foreseeable future, the estimated residual value of the buildings will not be less than the book value shown in the accounts and a depreciation rate of 0% is appropriate.

Fixed assets

Tangible assets

Cost or valuation

At 1 May 2015

2,480,630

Additions

90,187

Revaluation

69,371

At 30 April 2016

2,640,188

At 30 April 2015

2,480,629

Creditors: amounts falling due after more than one year

2016

2015

Analysis of loans repayable in more than five years

Total amounts repayable by instalments which are due in more than five years

1,984,668

1,899,151

ASHMEAD PROPERTY RENTALS LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED 30 APRIL 2016

- 3 -

Share capital

2016

2015

Allotted, called up and fully paid

1,000 Ordinary Shares of £1 each

1,000