Ancro Limited - Accounts to registrar - small 17.2

REGISTERED NUMBER: 03266605 (England and Wales)

FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 OCTOBER 2016

FOR

ANCRO LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

N G N Sidebottom

Dr L Nowell

SECRETARY:

Dr L Nowell

REGISTERED OFFICE:

Woodbrook

73 Penn Road

Beaconsfield

Buckinghamshire

HP9 2LW

REGISTERED NUMBER:

03266605 (England and Wales)

ACCOUNTANTS:

Nunn Hayward LLP

Chartered Accountants

Sterling House

20 Station Road

Gerrards Cross

Buckinghamshire

SL9 8EL

FIXED ASSETS

Tangible assets

4

12,327

15,793

CURRENT ASSETS

Debtors

5

1,736

2,278

Cash at bank

15,824

13,607

17,560

15,885

CREDITORS

Amounts falling due within one year

6

36,084

36,086

NET CURRENT LIABILITIES

(18,524

)

(20,201

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(6,197

)

(4,408

)

CREDITORS

Amounts falling due after more than one year

7

-

994

NET LIABILITIES

(6,197

)

(5,402

)

CAPITAL AND RESERVES

Called up share capital

10

10

Retained earnings

(6,207

)

(5,412

)

SHAREHOLDERS' FUNDS

(6,197

)

(5,402

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 October 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 2016 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.

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.

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 14 July 2017 and were signed on its behalf by:

N G N Sidebottom - Director

1.	STATUTORY INFORMATION

Ancro Limited is a private company, limited by shares , registered in England and Wales. The 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 (£).

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The company meets it's day-to-day working capital requirements through loans from the directors, together with

the deferment of the repayment of expenses paid personally by the directors.

As a result of the directors continued financial support of the company, the accounts have been prepared on a

going concern basis.

Turnover

Turnover represents net overseas property rental income.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Improvements to property

-

10% on cost

Fixtures and fittings

-

25% on cost

Deferred tax

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

balance sheet date.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling

at the date of transaction. Exchange differences are taken into account in arriving at the operating result.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension

scheme are charged to profit or loss in the period to which they relate.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 3 (2015 - 5 ) .

4.	TANGIBLE FIXED ASSETS

Fixtures

Improvements

and

to property

fittings

Totals

£

£

£

COST

At 1 November 2015

and 31 October 2016

20,175

6,274

26,449

DEPRECIATION

At 1 November 2015

6,601

4,055

10,656

Charge for year

2,018

1,448

3,466

At 31 October 2016

8,619

5,503

14,122

NET BOOK VALUE

At 31 October 2016

11,556

771

12,327

At 31 October 2015

13,574

2,219

15,793

5.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Other debtors

1,736

2,278

6.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

2016

2015

£

£

Bank loans and overdrafts

1,003

3,854

Taxation and social security

1,818

4,466

Other creditors

33,263

27,766

36,084

36,086

7.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

2016

2015

£

£

Bank loans

-

994

8.	FIRST YEAR ADOPTION

This is the first financial year that the company has presented its financial statements in accordance with the

provisions of Section 1A 'Small Entities' of Financial Reporting Standard 102 'The Financial Reporting

Framework Applicable in the UK and Republic of Ireland (FRS 102 1A). For financial years up to and including

the year ended 31 October 2015, the company prepared its financial statements in accordance with the old UK

GAAP.

There were no changes to the previously reported results on transition to FRS 102.