| Harrison Goss (Avenue Road) Limited |
|
| Chartered Accountants' report to the board of directors on the preparation of the unaudited abbreviated accounts of Harrison Goss (Avenue Road) Limited for the year ended 30 September 2016 |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the abbreviated accounts of Harrison Goss (Avenue Road) Limited for the year ended 30 September 2016 which comprise of the balance sheet and the related notes 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, we are subject to its ethical and other professional requirements which are detailed at
icaew.com/membershandbook. |
| Our work has been undertaken in accordance with AAF 2/10 as detailed at icaew.com/compilation. |
|
| N R Betts & Co |
| Chartered Accountants |
| Central House |
| 1 Ballards Lane |
| Finchley |
| London |
| N3 1LQ |
|
| 29 June 2017 |
|
| Harrison Goss (Avenue Road) Limited |
| Registered number: |
05994554 |
| Abbreviated Balance Sheet |
| as at 30 September 2016 |
|
| Notes |
|
|
2016 |
|
|
2015 |
| £ |
£ |
| Fixed assets |
| Tangible assets |
2 |
|
|
4,001,378 |
|
|
4,002,480 |
|
| Current assets |
| Debtors |
|
|
204,036 |
|
|
172,080 |
| Cash at bank and in hand |
|
|
2,384 |
|
|
1,454 |
|
|
|
206,420 |
|
|
173,534 |
|
| Creditors: amounts falling due within one year |
|
|
(23,700) |
|
|
(3,388) |
|
| Net current assets |
|
|
|
182,720 |
|
|
170,146 |
|
| Total assets less current liabilities |
|
|
|
4,184,098 |
|
|
4,172,626 |
|
| Creditors: amounts falling due after more than one year |
|
|
|
(1,857,640) |
|
|
(1,857,640) |
|
|
|
| Net assets |
|
|
|
2,326,458 |
|
|
2,314,986 |
|
|
|
|
|
|
|
|
| Capital and reserves |
| Called up share capital |
4 |
|
|
2 |
|
|
2 |
| Revaluation reserve |
|
|
|
2,356,044 |
|
|
2,356,044 |
| Profit and loss account |
|
|
|
(29,588) |
|
|
(41,060) |
|
| Shareholders' funds |
|
|
|
2,326,458 |
|
|
2,314,986 |
|
|
|
|
|
|
|
|
| The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006. |
| The members have not required the company to obtain an audit in accordance with section 476 of the Act. |
| The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts. |
| The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime. |
|
|
|
| L Warren |
| Director |
| Approved by the board on 29 June 2017 |
|
| Harrison Goss (Avenue Road) Limited |
| Notes to the Abbreviated Accounts |
| for the year ended 30 September 2016 |
|
| 1 |
Accounting policies |
|
|
Basis of preparation |
|
The accounts 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 the rental income received. |
|
|
Depreciation |
|
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. |
|
|
Furniture and fixtures and fittings |
25% reducing balance |
|
|
Stocks |
|
Stock is valued at the lower of cost and net realisable value. |
|
|
Deferred taxation |
|
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. |
|
|
| 2 |
Tangible fixed assets |
£ |
|
|
Cost |
|
At 1 October 2015 |
4,004,408 |
|
At 30 September 2016 |
4,004,408 |
|
|
|
|
|
|
|
|
Depreciation |
|
At 1 October 2015 |
1,928 |
|
Charge for the year |
1,102 |
|
At 30 September 2016 |
3,030 |
|
|
|
|
|
|
|
|
Net book value |
|
At 30 September 2016 |
4,001,378 |
|
At 30 September 2015 |
4,002,480 |
|
|
|
|
|
|
|
|
| 3 |
Loans |
2016 |
|
2015 |
| £ |
£ |
|
Creditors include: |
|
Secured bank loans |
1,857,640 |
|
1,857,640 |
|
|
|
|
|
|
|
|
|
|
| 4 |
Share capital |
Nominal |
|
2016 |
|
2016 |
|
2015 |
| value |
Number |
£ |
£ |
|
Allotted, called up and fully paid: |
|
Ordinary shares |
£1 each |
|
2 |
|
2 |
|
2 |
|
|
|
|
|
|
|
|
|
|
| 5 |
Loans to directors |
|
Description and conditions |
B/fwd |
Paid |
Repaid |
C/fwd |
| £ |
£ |
£ |
£ |
|
L Warren |
|
Loan |
51,340 |
|
11,899 |
|
- |
|
63,239 |
|
|
G Goss |
|
Loan |
51,340 |
|
11,899 |
|
- |
|
63,239 |
|
|
|
102,680 |
|
23,798 |
|
- |
|
126,478 |
|
|
|
|
|
|
|
|
|
