A & S Equity Limited - Accounts to registrar - small 17.2
A & S Equity Limited - Accounts to registrar - small 17.2
| REGISTERED NUMBER: |
| Unaudited Financial Statements |
| for the Year Ended 31 December 2016 |
| for |
| A & S Equity Limited |
| A & S Equity Limited (Registered number: 08522138) |
| Contents of the Financial Statements |
| for the Year Ended 31 December 2016 |
| Page |
| Company Information | 1 |
| Abridged Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Chartered Accountants' Report | 7 |
| A & S Equity Limited |
| Company Information |
| for the Year Ended 31 December 2016 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| BUSINESS ADDRESS: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| 21 Eastgate Business Centre |
| Eastern Avenue |
| Burton upon Trent |
| Staffordshire |
| DE13 0AT |
| A & S Equity Limited (Registered number: 08522138) |
| Abridged Balance Sheet |
| 31 December 2016 |
| 2016 | 2015 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year |
| NET CURRENT LIABILITIES | ( |
) | ( |
) |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| CREDITORS |
| Amounts falling due after more than one year |
5 |
( |
) |
( |
) |
| PROVISIONS FOR LIABILITIES | ( |
) | ( |
) |
| NET ASSETS |
| CAPITAL AND RESERVES |
| Called up share capital | 7 |
| Retained earnings |
| SHAREHOLDERS' FUNDS |
| 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. |
| A & S Equity Limited (Registered number: 08522138) |
| Abridged Balance Sheet - continued |
| 31 December 2016 |
| 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 its behalf by: |
| A & S Equity Limited (Registered number: 08522138) |
| Notes to the Financial Statements |
| for the Year Ended 31 December 2016 |
| 1. | STATUTORY INFORMATION |
| A & S Equity Limited is a |
| company's registered number and registered office address can be found on the Company Information |
| page. |
| 2. | ACCOUNTING POLICIES |
| Basis of preparing the financial statements |
| The balance sheet details net current liabilities of £447,985 (2015: £91,209). The directors believe that |
| the company has adequate cash resources to finance its trading and other obligations during the |
| course of the twelve months from the balance sheet sign off date. The directors consider it appropriate |
| to prepare the financial statements on a going concern basis. |
| Turnover |
| Turnover represents rental income for the year. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment property |
| Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
| changes in fair value is recognised in profit or loss. |
| Taxation |
| Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, |
| except to the extent that it relates to items recognised in other comprehensive income or directly in |
| equity. |
| Current or deferred taxation assets and liabilities are not discounted. |
| Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
| enacted or substantively enacted by the balance sheet date. |
| Deferred tax |
| Deferred tax is recognised in respect of all timing differences that have originated but not reversed at |
| the balance sheet date. |
| Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
| different from those in which they are recognised in financial statements. Deferred tax is measured |
| using tax rates and laws that have been enacted or substantively enacted by the year end and that are |
| expected to apply to the reversal of the timing difference. |
| Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
| that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
| A & S Equity Limited (Registered number: 08522138) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2016 |
| 3. | TANGIBLE FIXED ASSETS |
| Totals |
| £ |
| COST |
| At 1 January 2016 |
| Additions |
| At 31 December 2016 |
| DEPRECIATION |
| At 1 January 2016 |
| Charge for year |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 January 2016 |
| Additions |
| At 31 December 2016 |
| NET BOOK VALUE |
| At 31 December 2016 |
| At 31 December 2015 |
| Investment properties were valued at the year end by the directors who believe the value in the |
| financial statements to be a fair reflection of the market value of the properties. |
| 5. | CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN FIVE YEARS |
| 2016 | 2015 |
| £ | £ |
| Repayable by instalments |
| Bank loans more than 5 years |
| by instalments | 167,302 | 90,347 |
| 167,302 | 90,347 |
| A & S Equity Limited (Registered number: 08522138) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 December 2016 |
| 6. | SECURED DEBTS |
| The following secured debts are included within creditors: |
| 2016 | 2015 |
| £ | £ |
| Bank loans |
| The bank loans are respectively secured on the properties at 92 Church Road, Erdington, Birmingham |
| and 5 Marsh House, Marsh Street, Stafford. |
| 7. | CALLED UP SHARE CAPITAL |
| Allotted, issued and fully paid: |
| Number: | Class: | Nominal | 2016 | 2015 |
| value: | £ | £ |
| Ordinary | £1 | 100 | 100 |
| Chartered Accountants' Report to the Board of Directors |
| on the Unaudited Financial Statements of |
| A & S Equity Limited |
| The following reproduces the text of the report prepared for the directors and members in respect of |
| the company's annual unaudited financial statements. In accordance with the Companies Act 2006, |
| the company is only required to file a Balance Sheet. Readers are cautioned that the Income |
| Statement and certain other primary statements and the Report of the Directors are not required to be |
| filed with the Registrar of Companies. |
| In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
| the financial statements of A & S Equity Limited for the year ended 31 December 2016 which comprise the |
| Income Statement, Abridged 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 (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
| This report is made solely to the Board of Directors of A & S Equity Limited, as a body, in accordance with the terms of our engagement letter dated 25 September 2017. Our work has been undertaken solely to prepare for your approval the financial statements of A & S Equity Limited and state those matters that we have agreed to state to the Board of Directors of A & S Equity Limited, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than A & S Equity Limited Board of Directors, as a body, for our work or for this report. |
| It is your duty to ensure that A & S Equity Limited has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of A & S Equity Limited. You consider that A & S Equity Limited is exempt from the statutory audit requirement for the year. |
| We have not been instructed to carry out an audit or a review of the financial statements of A & S Equity Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
| 21 Eastgate Business Centre |
| Eastern Avenue |
| Burton upon Trent |
| Staffordshire |
| DE13 0AT |