A & M Property Investments Limited
A & M Property Investments Limited
Registered number: 04957236
Abbreviated accounts
For The Year Ended 30 November 2016
A & M Property Investments Limited
Company No. 04957236
Abbreviated Balance Sheet
30 November 2016
Abbreviated Balance Sheet
2016 | 2015 | ||||
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Notes | £ | £ | £ | £ | |
FIXED ASSETS | |||||
Tangible Assets | 2 |
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1,445,393 | 1,445,449 | ||||
CURRENT ASSETS | |||||
Cash at bank and in hand |
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Creditors: Amounts Falling Due Within One Year |
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NET CURRENT ASSETS (LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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Creditors: Amounts Falling Due After More Than One Year | 3 |
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( |
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NET ASSETS |
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CAPITAL AND RESERVES | |||||
Called up share capital | 5 |
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Revaluation reserve |
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Profit and Loss Account |
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SHAREHOLDERS' FUNDS |
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A & M Property Investments Limited
Company No. 04957236
Abbreviated Balance Sheet (continued)
30 November 2016
Directors' responsibilities:
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The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006. -
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. -
These abbreviated accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the Financial Reporting Standard for Smaller Entities (effective 2015).
On behalf of the board
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A & M Property Investments Limited
Notes to the Abbreviated Accounts
For The Year Ended 30 November 2016
Notes to the Abbreviated Accounts
1.
Accounting Policies
1.1.
Basis of Preparation of Financial Statements
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
1.2.
Turnover
Turnover comprises the invoiced value of goods and services supplied by the company, net of Value Added Tax and trade discounts.
1.3.
Tangible Fixed Assets and Depreciation
Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost of the fixed assets, less their estimated residual value, over their expected useful lives on the following bases:
Plant & Machinery |
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1.4.
Investment properties
Investment properties should not be subject to periodic charges for depreciation on the basis set out in SSAP 12, except for properties held on lease which should be depreciated on the basis set out in SSAP 12 at least over the period when the unexpired term is 20 years or less.
Investment properties are stated at their market values in accordance with the provisions of Statement of Standard Accounting Practice No. 19.
2.
Tangible Assets
Total | |
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Cost | £ |
As at |
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As at |
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Depreciation | |
As at |
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Provided during the period |
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As at |
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Net Book Value | |
As at |
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As at |
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Investment properties have been stated at their historic cost as the current market value of the portfolio is not significantly different in the opinion of the directors.
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A & M Property Investments Limited
Notes to the Abbreviated Accounts (continued)
For The Year Ended 30 November 2016
3.
Creditors: Amounts Falling Due After More Than One Year
2016 | 2015 | ||
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£ | £ | ||
Bank loans |
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Amounts owed to related parties |
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Of the creditors falling due within and after more than one year the following amounts are due after more than five years.
2016 | 2015 | ||
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£ | £ | ||
Bank loans and overdrafts | 1,102,366 | 1,211,035 |
4.
Secured Creditors
Of the creditors falling due within and after more than one year the following amounts are secured.
2016 | 2015 | ||
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£ | £ | ||
Bank loans and overdrafts |
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6.
Ultimate Controlling Party
The company's ultimate controlling party is the director Mrs S Raithatha by virtue of her shareholding in the company.
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