Alexander May Property Limited - Period Ending 2016-08-31

Registration number: 06621411

Alexander May Property Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 August 2016
 

Dorrington Mundy
Chartered Accountants
5 Beauley Road
Southville
Bristol
BS3 1PX

Alexander May Property Limited
Contents

Accountants' Report 1

Abbreviated Balance Sheet 2

Notes to the Abbreviated Accounts 3 to 4

The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 4) have been prepared.

Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Alexander May Property Limited
for the Year Ended 31 August 2016

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Alexander May Property Limited for the year ended 31 August 2016 set out on pages from the company's accounting records and from information and explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.

This report is made solely to the Board of Directors of Alexander May Property Limited, as a body, in accordance with the terms of our engagement letterdated 1 April 2014. Our work has been undertaken solely to prepare for your approval the accounts of Alexander May Property Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Alexander May Property Limited and its Board of Directors as a body for our work or for this report.

It is your duty to ensure that Alexander May Property Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Alexander May Property Limited. You consider that Alexander May Property Limited is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the accounts of Alexander May Property Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.

......................................

Dorrington Mundy
Chartered Accountants
5 Beauley Road
Southville
Bristol
BS3 1PX

22 May 2017

Page 1

Alexander May Property Limited
(Registration number: 06621411)
Abbreviated Balance Sheet at 31 August 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets		2			18,729			25,201
Current assets
Debtors					39,286			50,333
Cash at bank and in hand					12,492			9,969
					51,778			60,302
Creditors: Amounts falling due within one year					(42,663)			(123,618)
Net current assets/(liabilities)					9,115			(63,316)
Net assets/(liabilities)					27,844			(38,115)
Capital and reserves
Called up share capital		3			2			2
Profit and loss account					27,842			(38,117)
Shareholders' funds/(deficit)					27,844			(38,115)

For the year ending 31 August 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 22 May 2017 and signed on its behalf by:

.........................................
Mr R Mamuda
Director

The notes on pages 3 to 4 form an integral part of these financial statements.
Page 2

Alexander May Property Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, 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 amoubts invoiced, net of value added tax, in respect of services to customers.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost, less any estimated residual value, over their expected useful economic life as follows:

Asset class	Depreciation method and rate
Office equipment	25% reducing balance basis
Short leasehold improvements	20% straight line basis

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 September 2015		78,143			78,143
Additions		2,332			2,332
At 31 August 2016		80,475			80,475
Depreciation
At 1 September 2015		52,942			52,942
Charge for the year		8,804			8,804
At 31 August 2016		61,746			61,746
Net book value
At 31 August 2016		18,729			18,729
At 31 August 2015		25,201			25,201

Page 3

Alexander May Property Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
......... continued

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2

4	Related party transactions

Directors' advances and credits

	2016 Advance/ Credit £	2016 Repaid £	2015 Advance/ Credit £	2015 Repaid £
Mr R Mamuda
A balance is owed (to)/by the director at the year end	(121)	-	(92,995)	-

Page 4