Ast Besitzgesellschaft Limited - Accounts to registrar (filleted) - small 18.2

REGISTERED NUMBER: 08370139 (England and Wales)

UNAUDITED FINANCIAL STATEMENTS

FOR THE YEAR ENDED 31ST DECEMBER 2017

FOR

AST BESITZGESELLSCHAFT LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

3

DIRECTORS:

J Strohmann

D Strohmann

REGISTERED OFFICE:

Unit 70, Clywedog Road East

Wrexham Industrial Estate

Wrexham

Wrexham

LL13 9XE

REGISTERED NUMBER:

08370139 (England and Wales)

ACCOUNTANTS:

M. D. Coxey and Co. Limited

Chartered Accountants

25 Grosvenor Road

Wrexham

LL11 1BT

BANKERS:

Santander UK plc

Bridle Road

Bootle

Merseyside

L30 4GB

FIXED ASSETS

Tangible assets

4

2,255,789

1,631,235

Investment property

5

2,854,857

2,826,555

5,110,646

4,457,790

CURRENT ASSETS

Debtors

6

207,888

214,031

Cash at bank

182,735

557,354

390,623

771,385

CREDITORS

Amounts falling due within one year

7

6,051,273

5,127,768

NET CURRENT LIABILITIES

(5,660,650

)

(4,356,383

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(550,004

)

101,407

CAPITAL AND RESERVES

Called up share capital

100

100

Retained earnings

(550,104

)

101,307

SHAREHOLDERS' FUNDS

(550,004

)

101,407

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31st December 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 Statement of Income and Retained Earnings has not been delivered.

The financial statements were approved by the Board of Directors on 25th September 2018 and were signed on its behalf by:

D Strohmann - Director

1.	STATUTORY INFORMATION

Ast Besitzgesellschaft 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.

The presentation currency of the financial statements is the Pound Sterling (£).

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.

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

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

4-7 years

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.

Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the

balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at

the date of transaction. Exchange differences are taken into account in arriving at the operating result.

3.	EMPLOYEES AND DIRECTORS

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

4.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1st January 2017

1,719,442

Additions

763,593

At 31st December 2017

2,483,035

DEPRECIATION

At 1st January 2017

88,207

Charge for year

139,039

At 31st December 2017

227,246

NET BOOK VALUE

At 31st December 2017

2,255,789

At 31st December 2016

1,631,235

5.	INVESTMENT PROPERTY

Total

£

FAIR VALUE

At 1st January 2017

2,826,555

Additions

28,302

At 31st December 2017

2,854,857

NET BOOK VALUE

At 31st December 2017

2,854,857

At 31st December 2016

2,826,555

6.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Amounts owed by group undertakings

42,718

-

VAT

24,399

-

Deferred tax asset

140,771

5,666

Prepayments

-

208,365

207,888

214,031

7.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.12.17

31.12.16

£

£

Trade creditors

1,871

12,694

Amounts owed to group undertakings

6,042,385

5,108,488

VAT

-

5,586

Accruals and deferred income

1,000

1,000

Accrued expenses

6,017

-

6,051,273

5,127,768

8.	DEFERRED TAX

£

Balance at 1st January 2017

(5,666

)

Movement in the year due to:

changes in tax rates

changes in tax allowances

76,918

changes in loss c/fwd

(235,861

)

prior year deferred tax

23,838

Balance at 31st December 2017

(140,771

)

9.	RELATED PARTY DISCLOSURES