Albion Chambers Limited - Limited company - abbreviated - 11.0.0

Albion Chambers Limited - Limited company - abbreviated - 11.0.0


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REGISTERED NUMBER: 00212681 (England and Wales)







Abbreviated Unaudited Accounts

for the Year Ended 31 March 2014

for

Albion Chambers Limited

Albion Chambers Limited (Registered number: 00212681)






Contents of the Abbreviated Accounts
for the Year Ended 31 March 2014




Page

Company Information 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 4

Albion Chambers Limited

Company Information
for the Year Ended 31 March 2014







DIRECTORS: J S Howells
R C Chermside
A D Harris





REGISTERED OFFICE: The Tramshed
25 Lower Park Row
Bristol
BS1 5BN





REGISTERED NUMBER: 00212681 (England and Wales)





ACCOUNTANTS: Corrigan Associates Bristol LLP
The Tramshed
25 Lower Park Row
Bristol
BS1 5BN

Albion Chambers Limited (Registered number: 00212681)

Abbreviated Balance Sheet
31 March 2014

2014 2013
Notes £    £    £    £   
FIXED ASSETS
Investments 2 141,310 178,672
Investment property 3 1,100,000 1,100,000
1,241,310 1,278,672

CURRENT ASSETS
Debtors 21,006 29,698
Cash at bank 53,800 56,774
74,806 86,472
CREDITORS
Amounts falling due within one year 110,284 106,357
NET CURRENT LIABILITIES (35,478 ) (19,885 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

1,205,832

1,258,787

CAPITAL AND RESERVES
Called up share capital 4 99,000 99,000
Share premium 5,000 5,000
Property revaluation reserve 948,671 948,671
Investment revaluation reserve 1,789 11,741
Profit and loss account 151,372 194,375
SHAREHOLDERS' FUNDS 1,205,832 1,258,787

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 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.

Albion Chambers Limited (Registered number: 00212681)

Abbreviated Balance Sheet - continued
31 March 2014


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 23 October 2014 and were signed on
its behalf by:





J S Howells - Director


Albion Chambers Limited (Registered number: 00212681)

Notes to the Abbreviated Accounts
for the Year Ended 31 March 2014

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 April 2008).

Turnover
Turnover represents amounts invoiced to tenants for rents in the year, excluding value added tax.

Investment property
Investment properties are included at open market value, determined by independent professional
valuers on a periodic basis. Changes to open market value are transferred to the revaluation
reserve.

In accordance with the Financial Reporting Standard for Smaller Entities no depreciation is charged
on investment properties.

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

Fixed asset investments
Fixed asset investments are valued at market value.

2. FIXED ASSET INVESTMENTS
Investments
other
than
loans
£   
COST OR VALUATION
At 1 April 2013 178,672
Additions 24,317
Disposals (45,579 )
Revaluations (16,100 )
At 31 March 2014 141,310
NET BOOK VALUE
At 31 March 2014 141,310
At 31 March 2013 178,672

Albion Chambers Limited (Registered number: 00212681)

Notes to the Abbreviated Accounts - continued
for the Year Ended 31 March 2014

3. INVESTMENT PROPERTY
Total
£   
COST
At 1 April 2013
and 31 March 2014 1,100,000
NET BOOK VALUE
At 31 March 2014 1,100,000
At 31 March 2013 1,100,000

4. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 2014 2013
value: £    £   
99,000 Ordinary £1 99,000 99,000