Aurillac Way Property Limited - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 09176963 (England and Wales)

AURILLAC WAY PROPERTY LIMITED

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31 AUGUST 2017

Page

Company Information

1

Statement of Financial Position

2

Notes to the Financial Statements

3

to

4

DIRECTORS:

Mrs R J Greenhalgh

N J Greenhalgh

W J Mudford

Mrs J S Mudford

REGISTERED OFFICE:

14 London Road

Newark

Nottinghamshire

NG24 1TW

BUSINESS ADDRESS:

Mill Hill Farm

Headon

Retford

Nottinghamshire

DN22 0RQ

REGISTERED NUMBER:

09176963 (England and Wales)

ACCOUNTANTS:

Duncan & Toplis Limited

14 London Road

Newark

Nottinghamshire

NG24 1TW

FIXED ASSETS

Investment property

4

415,900

415,900

CURRENT ASSETS

Cash at bank

5,208

6,571

CREDITORS

Amounts falling due within one year

5

302,689

340,335

NET CURRENT LIABILITIES

(297,481

)

(333,764

)

TOTAL ASSETS LESS CURRENT LIABILITIES

118,419

82,136

PROVISIONS FOR LIABILITIES

-

15,000

NET ASSETS

118,419

67,136

CAPITAL AND RESERVES

Called up share capital

6

100

100

Retained earnings

118,319

67,036

SHAREHOLDERS' FUNDS

118,419

67,136

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2017.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2017 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

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 26 April 2018 and were signed on its behalf by:

N J Greenhalgh - Director

1.	STATUTORY INFORMATION

Aurillac Way Property Limited is a private company, limited by shares , registered in England and Wales. 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

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Revenue

Revenue represents the rents payable to the company.

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 statement of financial position date.

Deferred tax

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

financial position 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.

3.	EMPLOYEES AND DIRECTORS

The average number of employees during the year was 4 (2016 - 4 ) .

4.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1 September 2016

and 31 August 2017

415,900

NET BOOK VALUE

At 31 August 2017

415,900

At 31 August 2016

415,900

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.17

31.8.16

£

£

Taxation

10,603

1,769

Directors' current accounts

291,040

337,473

Accrued expenses

1,046

1,093

302,689

340,335

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31.8.17

31.8.16

value:

£

£

25

A Ordinary

£1

25

25

25

B Ordinary

£1

25

25

25

C Ordinary

£1

25

25

25

D Ordinary

£1

25

25

100

100

7.	FIRST YEAR ADOPTION

There was no adjustment required on transition to FRS 102.