Amax Properties Limited - Accounts to registrar - small 17.1

REGISTERED NUMBER: 04515836 (England and Wales)

Unaudited Financial Statements for the Year Ended 31 August 2016

for

Amax Properties Limited

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTOR:

Mrs M Crowther

SECRETARY:

Mr S P Crowther

REGISTERED OFFICE:

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

REGISTERED NUMBER:

04515836 (England and Wales)

ACCOUNTANTS:

Crowther Chartered Accountants

Abacus House

Pennine Business Park

Longbow Close

Huddersfield

West Yorkshire

HD2 1GQ

FIXED ASSETS

Tangible assets

2

205,000

205,000

CURRENT ASSETS

Debtors

3

2,971

133

Cash at bank

4,517

2,613

7,488

2,746

CREDITORS

Amounts falling due within one year

4

55,021

46,711

NET CURRENT LIABILITIES

(47,533

)

(43,965

)

TOTAL ASSETS LESS CURRENT LIABILITIES

157,467

161,035

CREDITORS

Amounts falling due after more than one year

5

59,152

68,542

NET ASSETS

98,315

92,493

CAPITAL AND RESERVES

Called up share capital

8

10,000

10,000

Revaluation reserve

9

55,962

55,962

Profit and loss account

9

32,353

26,531

SHAREHOLDERS' FUNDS

98,315

92,493

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 director acknowledges her 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.

The financial statements were approved by the director on 26 May 2017 and were signed by:

Mrs M Crowther - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention 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.

Freehold property

-

not provided

Deferred tax

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

balance sheet date.

2.	TANGIBLE FIXED ASSETS

Freehold

property

£

COST

At 1 September 2015

and 31 August 2016

205,000

NET BOOK VALUE

At 31 August 2016

205,000

At 31 August 2015

205,000

3.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.16

31.8.15

£

£

Trade debtors

2,971

133

4.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.16

31.8.15

£

£

Bank loans and overdrafts

10,333

10,333

Trade creditors

2,470

-

Tax

2,811

2,955

VAT

1,426

1,838

Other creditors

5,338

2,869

Directors' loan accounts

22,838

19,411

Accrued expenses

9,805

9,305

55,021

46,711

5.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.16

31.8.15

£

£

Bank loans - 1-2 years

59,152

68,542

6.	PREFERENCE SHARES

Details of preference shares are as follows:

7.	SECURED DEBTS

The following secured debts are included within creditors:

31.8.16

31.8.15

£

£

Bank loans

69,485

78,875

8.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.16

31.8.15

value:

£

£

10,000

Ordinary

£1000

0

10,000

10,000

9.

RESERVES

Profit

and loss

Revaluation

account

reserve

Totals

£

£

£

At 1 September 2015

26,531

55,962

82,493

Profit for the year

5,822

5,822

At 31 August 2016

32,353

55,962

88,315

10.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

Included within creditors amounts falling due within 1 year is £22,838 (2015-£19,411) of a loan from the

director. The loan is interest free, with no fixed date for repayment.

11.	ULTIMATE CONTROLLING PARTY

The controlling party is Mrs M Crowther.