Anglia Countrywide Management Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02309367

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

ANGLIA COUNTRYWIDE MANAGEMENT LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

G R Kalbraier

REGISTERED OFFICE:

Saxon House

1 Cromwell Square

Ipswich

Suffolk

IP1 1TS

REGISTERED NUMBER:

02309367

FIXED ASSETS

Tangible assets

2

52,874

50,901

Investments

3

46,087

46,087

98,961

96,988

CURRENT ASSETS

Debtors

4

1,974,021

1,292,619

CREDITORS

Amounts falling due within one year

5

3,108,172

2,257,449

NET CURRENT LIABILITIES

(1,134,151

)

(964,830

)

TOTAL ASSETS LESS CURRENT LIABILITIES

(1,035,190

)

(867,842

)

CREDITORS

Amounts falling due after more than one year

5

116,667

130,589

NET LIABILITIES

(1,151,857

)

(998,431

)

CAPITAL AND RESERVES

Called up share capital

6

2

2

Profit and loss account

(1,151,859

)

(998,433

)

SHAREHOLDERS' FUNDS

(1,151,857

)

(998,431

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 29 January 2015 and were signed by:

G R Kalbraier - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life or, if held under a finance lease, over the lease term, whichever is the shorter.

Furniture, fixtures & fittings

-

25% on cost

Motor vehicles

-

25% on cost

Computer equipment

-

25% on cost

Deferred tax

Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet

date to pay more tax, or a right to pay less tax, at a future date, at rates expected to apply when they

crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of

income and expenditure in taxation computations in periods different from those in which they are

included in the financial statements. Deferred tax assets are recognised to the extent that it is regarded

as more likely than not that they will be recovered.

Hire purchase and leasing commitments

Assets obtained under hire purchase contracts or finance leases are capitalised in the balance sheet.

Those held under hire purchase contracts are depreciated over their estimated useful lives. Those held

under finance leases are depreciated over their estimated useful lives or the lease term, whichever is

the shorter.

The interest element of these obligations is charged to the profit and loss account over the relevant

period. The capital element of the future payments is treated as a liability.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the

company's pension scheme are charged to the profit and loss account in the period to which they

relate.

Investments

Fixed asset investments are stated at cost less provision for diminution in value.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 April 2013

65,720

Additions

21,983

At 31 March 2014

87,703

DEPRECIATION

At 1 April 2013

14,819

Charge for year

20,010

At 31 March 2014

34,829

NET BOOK VALUE

At 31 March 2014

52,874

At 31 March 2013

50,901

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2013

and 31 March 2014

69,613

PROVISIONS

At 1 April 2013

and 31 March 2014

23,526

NET BOOK VALUE

At 31 March 2014

46,087

At 31 March 2013

46,087

The company's investments at the balance sheet date in the share capital of companies include the

following:

Norton Assured Homes Ltd

Nature of business: Dormant

%

Class of shares:

holding

Ordinary

99.80

30/9/13

30/9/12

£

£

Aggregate capital and reserves

46,087

46,087

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 52,829 (2013 - £ 1,675 )

5.

CREDITORS

Creditors include an amount of £ 30,527 (2013 - £ 43,225 ) for which security has been given.

6.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

2

Ordinary

£1

2

2

7.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The following advances and credits to a director subsisted during the years ended 31 March 2014 and

31 March 2013:

2014

2013

£

£

G R Kalbraier

Balance outstanding at start of year

210,793

-

Amounts repaid

-

-

Balance outstanding at end of year

722,260

210,793

8.	GOING CONCERN

The company made a loss for the year after tax of £153,426 and at the balance sheet date had net

liabilities of £1,151,857. However creditors include £2,948,224 owed to related companies and they

have confirmed their continued support for the company. On this basis the director considers that the

going concern basis of accounting is appropriate.