AVG Medical Properties Limited - Accounts to registrar - small 17.1.1
AVG Medical Properties Limited - Accounts to registrar - small 17.1.1
| REGISTERED NUMBER: |
| UNAUDITED FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| FOR |
| AVG MEDICAL PROPERTIES LIMITED |
| AVG MEDICAL PROPERTIES LIMITED (REGISTERED NUMBER: 07931027) |
| CONTENTS OF THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 3 |
| AVG MEDICAL PROPERTIES LIMITED |
| COMPANY INFORMATION |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Chartered Certified Accountants |
| The Maltings |
| Rosemary Lane |
| Halstead |
| Essex |
| CO9 1HZ |
| AVG MEDICAL PROPERTIES LIMITED (REGISTERED NUMBER: 07931027) |
| BALANCE SHEET |
| 31 MARCH 2017 |
| 2017 | 2016 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Investment property | 4 |
| CURRENT ASSETS |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 5 |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CAPITAL AND RESERVES |
| Called up share capital | 6 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
| The financial statements were approved by the Board of Directors on |
| AVG MEDICAL PROPERTIES LIMITED (REGISTERED NUMBER: 07931027) |
| NOTES TO THE FINANCIAL STATEMENTS |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 1. | STATUTORY INFORMATION |
| AVG Medical Properties Limited is a |
| company's registered number and registered office address can be found on the Company Information page. |
| The presentation currency of the financial statements is the Pound Sterling (£). |
| The Significant accounting policies applied in the preparation of these financial statements are set out below. |
| These policies have been consistently applied to all years unless otherwise stated. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| Turnover |
| Turnover represents the value, net of value added tax, of rents and disbursements receivable by the company. |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes |
| in fair value is recognised in profit or loss. |
| Taxation |
| Current tax represents the amount of tax payable or receivable in respect of the taxable profit (or loss) for the |
| current or past reporting periods. It is measured at the amount expected to be paid or recovered using the tax |
| rates and laws that have been enacted or substantively enacted by the balance sheet date. |
| Deferred tax represents the future tax consequences of transactions and events recognised in the financial |
| statements of current and previous periods. It is recognised in respect of all timing differences, with certain |
| exceptions. Timing differences are differences between taxable profits and total comprehensive income as |
| stated in the financial statements that arise from the inclusion of income and expense in tax assessments in |
| periods different from those in which they are recognised in the financial statements. Unrelieved tax losses |
| and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered |
| against the reversal of deferred tax liabilities or other future taxable profits. |
| Deferred tax is measured using the tax rates and laws that have been enacted or substantively enacted by the |
| balance sheet date that are expected to apply to the reversal of timing differences. Deferred tax on revalued |
| non-depreciable tangible fixed assets and investment properties is measured using the rates and allowances |
| that apply to the sale of the asset. |
| Debtors and creditors receivable / payable within one year |
| Debtors and creditors with no stated interest rate and receivable or payable within one year are recorded at |
| transaction price. Any losses arising from impairment are recognised in the income statement in other |
| administrative expenses. |
| 3. | EMPLOYEES AND DIRECTORS |
| The average number of employees during the year was |
| AVG MEDICAL PROPERTIES LIMITED (REGISTERED NUMBER: 07931027) |
| NOTES TO THE FINANCIAL STATEMENTS - continued |
| FOR THE YEAR ENDED 31 MARCH 2017 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 April 2016 |
| and 31 March 2017 |
| NET BOOK VALUE |
| At 31 March 2017 |
| At 31 March 2016 |
| The property was professionally valued at time of purchase in March 2012 by Banks Long & Co., Chartered |
| Surveyors, on an open market value for existing use basis. The directors consider the fair value at the date of |
| balance sheet to be same as cost. |
| 5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 2017 | 2016 |
| £ | £ |
| Tax |
| Social security and other taxes |
| Other creditors |
| Directors' current accounts | 616,992 | 616,309 |
| 6. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2017 | 2016 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| 7. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
| Mr A M Gandecha and Mrs V A Gandecha, directors of the company, provided loan finance to the company |
| during the year. The amount outstanding on loan from Mr A M Gandecha and Mrs V A Gandecha at 31 March |
| 2017 was £616,992 (2016: £616,309). The loan is unsecured, interest free and repayable on demand. |