Ashley Vale Action Group Limited - Accounts to registrar (filleted) - small 17.3
Ashley Vale Action Group Limited - Accounts to registrar (filleted) - small 17.3
| REGISTERED NUMBER: |
| Unaudited Financial Statements for the Year Ended 31 May 2017 |
| for |
| Ashley Vale Action Group Limited |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Contents of the Financial Statements |
| for the Year Ended 31 May 2017 |
| Page |
| Company Information | 1 |
| Balance Sheet | 2 |
| Notes to the Financial Statements | 4 |
| Ashley Vale Action Group Limited |
| Company Information |
| for the Year Ended 31 May 2017 |
| DIRECTORS: |
| REGISTERED OFFICE: |
| REGISTERED NUMBER: |
| ACCOUNTANTS: |
| Woodlands Grange |
| Woodlands Lane |
| Bradley Stoke |
| Bristol |
| BS32 4JY |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Balance Sheet |
| 31 May 2017 |
| 31.5.17 | 31.5.16 |
| Notes | £ | £ | £ | £ |
| FIXED ASSETS |
| Tangible assets | 3 |
| Investment property | 4 |
| CURRENT ASSETS |
| Debtors | 5 |
| Cash at bank |
| CREDITORS |
| Amounts falling due within one year | 6 |
| NET CURRENT ASSETS |
| TOTAL ASSETS LESS CURRENT LIABILITIES |
| PROVISIONS FOR LIABILITIES |
| NET ASSETS |
| RESERVES |
| Non-distributable reserves |
| Retained earnings |
| 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. |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Balance Sheet - continued |
| 31 May 2017 |
| 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 |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Notes to the Financial Statements |
| for the Year Ended 31 May 2017 |
| 1. | STATUTORY INFORMATION |
| Ashley Vale Action Group Limited is a |
| The 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 |
| Turnover |
| Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates, |
| value added tax and other sales taxes. |
| Tangible fixed assets |
| Fixtures and fittings | - |
| Computer equipment | - |
| Investment property |
| Investment properties are included in the balance sheet at their open market value. Depreciation is provided only |
| on those investment properties which are leasehold and where the unexpired lease term is less than 20 years. |
| Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities |
| (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible |
| assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the |
| financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors |
| reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be |
| separately identified or quantified. |
| 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. |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 3. | TANGIBLE FIXED ASSETS |
| Fixtures |
| and | Computer |
| fittings | equipment | Totals |
| £ | £ | £ |
| COST |
| At 1 June 2016 |
| Additions |
| Disposals | ( |
) | ( |
) |
| At 31 May 2017 |
| DEPRECIATION |
| At 1 June 2016 |
| Charge for year |
| Eliminated on disposal | ( |
) | ( |
) |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| 4. | INVESTMENT PROPERTY |
| Total |
| £ |
| FAIR VALUE |
| At 1 June 2016 |
| Additions |
| At 31 May 2017 |
| NET BOOK VALUE |
| At 31 May 2017 |
| At 31 May 2016 |
| Fair value at 31 May 2017 is represented by: |
| £ |
| Valuation in 2016 | 77,239 |
| Cost | 173,461 |
| 250,700 |
| If the investment property had not been revalued it would have been included at the following historical cost: |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Cost | 179,761 | 172,761 |
| The investment property was valued on an open market basis on 31 May 2016 by the directors . |
| Ashley Vale Action Group Limited (Registered number: 04001326) |
| Notes to the Financial Statements - continued |
| for the Year Ended 31 May 2017 |
| 5. | DEBTORS |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Amounts falling due within one year: |
| Other debtors |
| Prepayments |
| Amounts falling due after more than one year: |
| Other debtors |
| Aggregate amounts |
| 6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
| 31.5.17 | 31.5.16 |
| £ | £ |
| Accrued expenses |
| 7. | RELATED PARTY DISCLOSURES |
| The company paid its directors £4,050 (2016: £3,070) in respect of management services. |
| 8. | ULTIMATE CONTROLLING PARTY |
| The company is controlled by its directors. |