Admiral Property Investments Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 07805251 (England and Wales)

ADMIRAL PROPERTY INVESTMENTS LIMITED

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 31 OCTOBER 2016

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

to

4

DIRECTOR:

J Maddox

REGISTERED OFFICE:

Stamford House

The Square

Woburn Sands

Milton Keynes

Bedfordshire

MK17 8SY

REGISTERED NUMBER:

07805251 (England and Wales)

ACCOUNTANTS:

Haines Watts (SEM) Limited

26-28 Headlands

Kettering

Northamptonshire

NN15 7HP

FIXED ASSETS

Tangible assets

2

11,582

10,374

Investment property

3

885,000

785,000

896,582

795,374

CURRENT ASSETS

Debtors

20,330

16,937

Cash at bank

12,923

6,366

33,253

23,303

CREDITORS

Amounts falling due within one year

350,850

343,232

NET CURRENT LIABILITIES

(317,597

)

(319,929

)

TOTAL ASSETS LESS CURRENT LIABILITIES

578,985

475,445

PROVISIONS FOR LIABILITIES

2,317

2,075

NET ASSETS

576,668

473,370

CAPITAL AND RESERVES

Called up share capital

4

100

100

Revaluation reserve

555,443

455,443

Profit and loss account

21,125

17,827

SHAREHOLDERS' FUNDS

576,668

473,370

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 28 July 2017 and were signed by:

J Maddox - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the

revaluation of certain assets 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.

Storage Containers

-

25% on reducing balance

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

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.

Deferred tax

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

balance sheet date.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to the profit and loss account on a straight line basis over the

period of the lease.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2015

21,388

Additions

4,653

Disposals

(205

)

At 31 October 2016

25,836

DEPRECIATION

At 1 November 2015

11,014

Charge for year

3,329

Eliminated on disposal

(89

)

At 31 October 2016

14,254

NET BOOK VALUE

At 31 October 2016

11,582

At 31 October 2015

10,374

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 November 2015

785,000

Revaluations

100,000

At 31 October 2016

885,000

NET BOOK VALUE

At 31 October 2016

885,000

At 31 October 2015

785,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

£

100

Ordinary

£1

100

100

5.	ULTIMATE CONTROLLING PARTY