Perfect Ashlar Properties Ltd - Abbreviated accounts 16.3

REGISTERED NUMBER: 08477894 (England and Wales)

ABBREVIATED FINANCIAL STATEMENTS FOR THE YEAR ENDED 30 APRIL 2016

FOR

PERFECT ASHLAR PROPERTIES LTD

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

D Alafouzos

REGISTERED OFFICE:

78 Battery Road

West Thamesmead

London

SE28 0JU

REGISTERED NUMBER:

08477894 (England and Wales)

ACCOUNTANTS:

Stern & Company

12-15 Hanger Green

Ealing

London

Greater London

W5 3AY

FIXED ASSETS

Tangible assets

2

3,581

1,083

Investments

3

5,000

-

Investment property

4

703,135

432,088

711,716

433,171

CURRENT ASSETS

Debtors

5,150

5

Cash at bank

3,119

1,770

8,269

1,775

CREDITORS

Amounts falling due within one year

280,988

152,675

NET CURRENT LIABILITIES

(272,719

)

(150,900

)

TOTAL ASSETS LESS CURRENT LIABILITIES

438,997

282,271

CREDITORS

Amounts falling due after more than one
year

5

375,637

301,482

NET ASSETS/(LIABILITIES)

63,360

(19,211

)

CAPITAL AND RESERVES

Called up share capital

6

5,000

Revaluation reserve

94,633

-

Profit and loss account

(36,273

)

(24,211

)

SHAREHOLDERS' FUNDS

63,360

(19,211

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 January 2017 and were signed by:

D Alafouzos - Director

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).

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Computer equipment

-

25% on cost

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.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

1,367

Additions

3,787

At 30 April 2016

5,154

DEPRECIATION

At 1 May 2015

284

Charge for year

1,289

At 30 April 2016

1,573

NET BOOK VALUE

At 30 April 2016

3,581

At 30 April 2015

1,083

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

Additions

5,000

At 30 April 2016

5,000

NET BOOK VALUE

At 30 April 2016

5,000

The company's investments at the Balance Sheet date in the share capital of companies include the

following:

SWORD & TROWEL LIMITED

Nature of business: Bookkeeping activities

%

Class of shares:

holding

Ordinary

50.00

28.2.16

£

Aggregate capital and reserves

(544

)

Loss for the period/year

(10,544

)

4.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2015

432,088

Additions

176,414

Revaluations

94,633

At 30 April 2016

703,135

NET BOOK VALUE

At 30 April 2016

703,135

At 30 April 2015

432,088

5.

CREDITORS

Creditors include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

328,294

264,787

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

5,000

Ordinary

£1

5,000