Ascot UK Property Investments Limited - Accounts to registrar - small 16.3d

REGISTERED NUMBER: 09083927 (England and Wales)

Financial Statements for the Year Ended 31 December 2016

for

Ascot UK Property Investments Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

T P Riley

S N Howard

REGISTERED OFFICE:

122 South Road

Waterloo

Liverpool

Merseyside

L22 0ND

REGISTERED NUMBER:

09083927 (England and Wales)

ACCOUNTANTS:

Cobham Murphy Limited

116 Duke Street

Liverpool

Merseyside

L1 5JW

FIXED ASSETS

Investment property

4

102,171

-

CURRENT ASSETS

Debtors

5

222,259

87,489

Cash at bank

315,960

286,911

538,219

374,400

CREDITORS

Amounts falling due within one year

6

397,962

293,295

NET CURRENT ASSETS

140,257

81,105

TOTAL ASSETS LESS CURRENT LIABILITIES

242,428

81,105

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

242,328

81,005

SHAREHOLDERS' FUNDS

242,428

81,105

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 December 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 financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 8 March 2017 and were signed on its behalf by:

T P Riley - Director

1.	STATUTORY INFORMATION

Ascot UK Property Investments Limited is a private company, limited by shares , registered in England and

Wales. The company's registered number and registered office address can be found on the Company

Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover represents commissions received excluding value added tax.

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

fair value is recognised in profit or loss.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to

the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that that have been enacted or

substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from

those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that

have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the

timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they

will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 1 .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

Additions

102,171

At 31 December 2016

102,171

NET BOOK VALUE

At 31 December 2016

102,171

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade debtors

15,741

-

Amounts owed by participating interests

105,899

43,419

Other debtors

100,619

44,070

222,259

87,489

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.16

31.12.15

£

£

Trade creditors

8,054

18,030

Taxation and social security

182,042

68,728

Other creditors

207,866

206,537

397,962

293,295

7.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

S N Howard, a director operates a loan account with the company to which transactions of a private nature are

charged. Included in other debtors as at 31st December 2016 is £100,619 (2015 £44,070) owing from S N

Howard. This represented the maximum balance outstanding during the year and interest was charged on this

loan at a rate of 3%.

8.	RELATED PARTY DISCLOSURES

During the year, total dividends of £91,940 (2015 - £24,000) were paid to the directors .

9.	ULTIMATE CONTROLLING PARTY

Both T P Riley and S N Howard are the controlling parties at the balance sheet date.