Atherton Estates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 08063727 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 MAY 2016

FOR

ATHERTON ESTATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

A Horsburgh

Mrs V Horsburgh

REGISTERED OFFICE:

1-3 Pemberton Row

London

EC4A 3BG

REGISTERED NUMBER:

08063727 (England and Wales)

ACCOUNTANTS:

COLIN GRAY & CO LIMITED

Chartered Accountants

Hardy House

Northbridge Road

Berkhamsted

Hertfordshire

HP4 1EF

FIXED ASSETS

Tangible assets

2

655

1,110

Investments

3

257,500

Investment property

4

2,882,427

3,140,582

3,141,037

CURRENT ASSETS

Debtors

23,837

28,057

Cash at bank

27,041

15,446

50,878

43,503

CREDITORS

Amounts falling due within one year

2,789,412

2,933,330

NET CURRENT LIABILITIES

(2,738,534

)

(2,889,827

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

402,048

251,210

CAPITAL AND RESERVES

Called up share capital

5

100

Profit and loss account

401,948

251,110

SHAREHOLDERS' FUNDS

402,048

251,210

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 May 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 May 2016 in accordance with Section 476 of the Companies Act 2006.

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.

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 Board of Directors on 15 February 2017 and were signed on its behalf
by:

Mrs V Horsburgh - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance with the

Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

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 June 2015

1,665

Additions

150

At 31 May 2016

1,815

DEPRECIATION

At 1 June 2015

555

Charge for year

605

At 31 May 2016

1,160

NET BOOK VALUE

At 31 May 2016

655

At 31 May 2015

1,110

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 June 2015

and 31 May 2016

257,500

NET BOOK VALUE

At 31 May 2016

257,500

At 31 May 2015

257,500

4.	INVESTMENT PROPERTY

Total

£

COST

At 1 June 2015

and 31 May 2016

2,882,427

NET BOOK VALUE

At 31 May 2016

2,882,427

At 31 May 2015

2,882,427

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

100

Ordinary

1

100

6.	ULTIMATE PARENT COMPANY

The ultimate controlling party are the directors acting in concert.