Abbreviated Company Accounts - AXIS PROPERTIES LIMITED

AXIS PROPERTIES LIMITED - Company Information

01928612 AXIS PROPERTIES LIMITED 2016-06-30 false 2015-07-01 2016-06-30 true 01928612 2015-07-01 2016-06-30 01928612 2016-06-30 01928612 2015-06-30 01928612 uk-gaap-cd-bus:Director1 2015-07-01 2016-06-30 01928612 uk-gaap-cd-bus:Director2 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-07-01 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2016-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2015-06-30 iso4217:GBP shares

Registered Number 01928612

AXIS PROPERTIES LIMITED

Abbreviated Accounts

30 June 2016

AXIS PROPERTIES LIMITED Registered Number 01928612

Abbreviated Balance Sheet as at 30 June 2016

	Notes	2016	2015
		£	£
Fixed assets
Tangible assets	2	-	10,000
		-	10,000
Current assets
Debtors		995,771	974,771
Cash at bank and in hand		24,712	10,366
		1,020,483	985,137
Creditors: amounts falling due within one year		(4,064)	(1,144)
Net current assets (liabilities)		1,016,419	983,993
Total assets less current liabilities		1,016,419	993,993
Total net assets (liabilities)		1,016,419	993,993
Capital and reserves
Called up share capital	3	200,000	200,000
Revaluation reserve		0	3,128
Other reserves		50,000	50,000
Profit and loss account		766,419	740,865
Shareholders' funds		1,016,419	993,993

For the year ending 30 June 2016 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 20 March 2017

And signed on their behalf by:
H Goldsobel, Director

AXIS PROPERTIES LIMITED Registered Number 01928612

Notes to the Abbreviated Accounts for the period ended 30 June 2016

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value of rent receivable during the year.

Tangible assets depreciation policy
Depreciation is provided at rates calculated to write off the cost less residual value of each asset over its expected useful life, as follows:
Land and buildings - not being depreciated

2Tangible fixed assets

	£
Cost
At 1 July 2015	10,000
Additions	-
Disposals	(10,000)
Revaluations	-
Transfers	-
At 30 June 2016	0
Depreciation
At 1 July 2015	0
Charge for the year	-
On disposals	-
At 30 June 2016	0
Net book values
At 30 June 2016	0
At 30 June 2015	10,000

Investment properties
Investment properties are included in the balance sheet at their open market value. Depreciation is provided only on those investment properties which are leasehold and where the unexpired lease term is less than 20 years.

Although this accounting policy is in accordance with the Statement of Standard Accounting Practice 19 - Accounting for Investment Properties, it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.

3Called Up Share Capital
Allotted, called up and fully paid:

	2016 £	2015 £
200,000 Ordinary shares of £1 each	200,000	200,000