ALMS Property Limited - Accounts to registrar (filleted) - small 18.2
ALMS Property Limited - Accounts to registrar (filleted) - small 18.2
REGISTERED NUMBER: |
Unaudited Financial Statements |
for the Year Ended 31st January 2018 |
for |
ALMS Property Limited |
ALMS Property Limited (Registered number: 08356962) |
Contents of the Financial Statements |
for the Year Ended 31st January 2018 |
Page |
Company Information | 1 |
Balance Sheet | 2 |
Notes to the Financial Statements | 4 |
ALMS Property Limited |
Company Information |
for the Year Ended 31st January 2018 |
DIRECTORS: |
REGISTERED OFFICE: |
REGISTERED NUMBER: |
ALMS Property Limited (Registered number: 08356962) |
Balance Sheet |
31st January 2018 |
31.1.18 | 31.1.17 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 4 |
CURRENT ASSETS |
Debtors | 5 |
Cash at bank |
CREDITORS |
Amounts falling due within one year | 6 |
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT LIABILITIES |
PROVISIONS FOR LIABILITIES |
NET ASSETS |
CAPITAL AND RESERVES |
Called up share capital | 7 |
Non-distributable reserve |
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. |
ALMS Property Limited (Registered number: 08356962) |
Balance Sheet - continued |
31st January 2018 |
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 by: |
ALMS Property Limited (Registered number: 08356962) |
Notes to the Financial Statements |
for the Year Ended 31st January 2018 |
1. | STATUTORY INFORMATION |
ALMS Property Limited is a |
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 |
Rental income |
Rental income represents rents receivable during the financial year and is measured at the fair value of the |
consideration received or receivable excluding discounts, rebates and any other sales taxes. |
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. |
Financial instruments |
The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 |
'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments. |
Financial instruments are recognised in the company's statements if financial position when the company |
becomes party to the contractual provisions of the instrument. |
Basic financial instruments are recognised at amortised cost with changes recognised in the income statement. |
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. |
3. | EMPLOYEES AND DIRECTORS |
The average number of employees during the year was NIL (2017 - 2 ). |
ALMS Property Limited (Registered number: 08356962) |
Notes to the Financial Statements - continued |
for the Year Ended 31st January 2018 |
4. | INVESTMENT PROPERTY |
Total |
£ |
FAIR VALUE |
At 1st February 2017 |
Additions |
At 31st January 2018 |
NET BOOK VALUE |
At 31st January 2018 |
At 31st January 2017 |
Fair value at 31st January 2018 is represented by: |
£ |
Valuation in 2017 | 61,055 |
Cost | 632,011 |
693,066 |
If investment properties had not been revalued they would have been included at the following historical cost: |
31.1.18 | 31.1.17 |
£ | £ |
Cost | 632,011 | 355,945 |
Investment properties were valued on an open market basis on 31st January 2018 by the directors . |
5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Other debtors |
6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
31.1.18 | 31.1.17 |
£ | £ |
Taxation and social security |
Other creditors |
ALMS Property Limited (Registered number: 08356962) |
Notes to the Financial Statements - continued |
for the Year Ended 31st January 2018 |
7. | CALLED UP SHARE CAPITAL |
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 31.1.18 | 31.1.17 |
value: | £ | £ |
Ordinary 'A' | £1 | 1 | 1 |
Ordinary 'B' | £1 | 1 | 1 |
Ordinary 'C' | £1 | 1 | 1 |
Ordinary 'D' | £1 | 1 | 1 |
4 | 4 |