Ashbel (UK) Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 04575308 (England and Wales)

Abbreviated Accounts for the Year Ended 31 October 2016

for

Ashbel (UK) Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

A McAlmont

SECRETARY:

M K Mcalmont

REGISTERED OFFICE:

13 Swansea Court

North Woolwich

London

E16

2RT

REGISTERED NUMBER:

04575308 (England and Wales)

ACCOUNTANTS:

BBK Accountants Limited

4a Roman Road

East Ham

London

E6 3RX

FIXED ASSETS

Tangible assets

2

27

36

Investment property

3

390,000

390,027

390,036

CURRENT ASSETS

Cash at bank

73

175

CREDITORS

Amounts falling due within one year

(3,819

)

(1,308

)

NET CURRENT LIABILITIES

(3,746

)

(1,133

)

TOTAL ASSETS LESS CURRENT
LIABILITIES

386,281

388,903

CREDITORS

Amounts falling due after more than one
year

4

(297,290

)

(315,189

)

NET ASSETS

88,991

73,714

CAPITAL AND RESERVES

Called up share capital

5

2

Revaluation reserve

73,790

Profit and loss account

15,199

(78

)

SHAREHOLDERS' FUNDS

88,991

73,714

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 director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 25 July 2017 and were signed by:

A McAlmont - 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).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

In accordance with SSAP 19, investment properties are revalued annually and the aggregate surplus or is deficit

transferred to a revaluation reserve, and no depreciation or amortisation is provided in respect of freehold

investment properties. This treatment may be a departure from the requirements of the Companies Act regarding

depreciation of fixed assets but the directors consider that the accounting policy is necessary for the accounts to

give a true and fair view, as the properties are held for investment not consumption. Depreciation or amortisation

is only one of the factors reflected in the annual valuations, and the amount which might otherwise have been

shown cannot be separately identified or quantified.

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

Total

£

COST

At 1 November 2015

and 31 October 2016

1,508

DEPRECIATION

At 1 November 2015

1,472

Charge for year

9

At 31 October 2016

1,481

NET BOOK VALUE

At 31 October 2016

27

At 31 October 2015

36

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 November 2015

and 31 October 2016

390,000

NET BOOK VALUE

At 31 October 2016

390,000

At 31 October 2015

390,000

4.

CREDITORS

Creditors include the following debts falling due in more than five years:

31.10.16

31.10.15

£

Repayable otherwise than by instalments

267,483

267,598

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.10.16

31.10.15

value:

£

2

ordinary

1

2