Arch House Associates Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03179968 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 AUGUST 2016

FOR

ARCH HOUSE ASSOCIATES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

M A Collins

H A Condy

REGISTERED OFFICE:

3a Leigh Road

London

N5 1ST

REGISTERED NUMBER:

03179968 (England and Wales)

ACCOUNTANTS:

Accura Accountants Ltd

Langley House Park Road

East Finchley

London

N2 8EY

FIXED ASSETS

Tangible assets

2

15,419

17,688

Investment property

3

921,667

716,064

937,086

733,752

CURRENT ASSETS

Cash at bank

2,339

10,607

CREDITORS

Amounts falling due within one year

35,814

43,165

NET CURRENT LIABILITIES

(33,475

)

(32,558

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

903,611

701,194

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

430,010

224,407

Profit and loss account

473,501

476,687

SHAREHOLDERS' FUNDS

903,611

701,194

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 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 24 February 2017 and were signed on its behalf
by:

M A Collins - Director

1.	ACCOUNTING POLICIES

Basis of preparing the financial statements

The financial statements have been prepared on a going concern basis, the applicability of which is dependent

upon the continued support of the company's creditors and financiers. At the balance sheet date, the company's

current liabilities exceed its current assets by £33,475 (2015: £32,558) and the company made a loss of £3,186.

In the opinion of the director, the company has the support of its creditors and financiers for the foreseeable

future, and it is therefore considered appropriate to adopt the going concern policy.

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.

Plant and machinery etc

-

33% on reducing balance, 25% on reducing balance, 15% on reducing balance and 10% on reducing balance

Investment property

In accordance with the FRSSE, investment properties are revalued annually and the aggregate surplus or deficit

is transferred to a revaluation reserve, and no depreciation is provided in respect of investment properties.

In the opinion of the directors these properties are held primarily for their investment potential and so their

current value is of more significance than any measure of consumption and to depreciate them would not give a

true and fair view. The provision of the FRSSE (effective April 2008) in respect of investment properties have

therefore been adopted in order to give a true and fair view. If this departure from the Act had not been made,

the profit for the year would have been reduced by depreciation.

However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise

have been shown cannot be separately identified or quantified.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 September 2015

and 31 August 2016

62,062

DEPRECIATION

At 1 September 2015

44,374

Charge for year

2,269

At 31 August 2016

46,643

NET BOOK VALUE

At 31 August 2016

15,419

At 31 August 2015

17,688

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 September 2015

716,064

Revaluations

205,603

At 31 August 2016

921,667

NET BOOK VALUE

At 31 August 2016

921,667

At 31 August 2015

716,064

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

100

Ordinary

£1

100

5.	CONTROLLING PARTY

The company is under the control of its directors and shareholders, M A Collins and H A Condy.