REGISTERED NUMBER:
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ASHLEY GEORGE & CO., LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016 |
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REGISTERED NUMBER:
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ASHLEY GEORGE & CO., LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 JULY 2016 |
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ASHLEY GEORGE & CO., LIMITED (REGISTERED NUMBER: 00429520) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
ASHLEY GEORGE & CO., LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 JULY 2016 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ASHLEY GEORGE & CO., LIMITED (REGISTERED NUMBER: 00429520) |
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ABBREVIATED BALANCE SHEET |
31 JULY 2016 |
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2016 | 2015 |
Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | ( |
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NET CURRENT ASSETS |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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ASHLEY GEORGE & CO., LIMITED (REGISTERED NUMBER: 00429520) |
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ABBREVIATED BALANCE SHEET - continued |
31 JULY 2016 |
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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. |
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The financial statements were approved by the Board of Directors on
behalf by: |
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ASHLEY GEORGE & CO., LIMITED (REGISTERED NUMBER: 00429520) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 JULY 2016 |
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1. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
The accounts are prepared on a going concern basis. The use of the going concern basis of accounting is |
appropriate because there are no material uncertainties related to events or conditions that may cast |
significant doubt about the ability of the company to continue as a going concern. |
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Accounting convention |
The financial statements have been prepared under the historical cost convention as modified by the |
revaluation of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities |
(effective January 2015). |
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Exemption from preparing a cash flow statement |
Exemption has been taken from preparing a cash flow statement on the grounds that the company qualifies |
as a small company. |
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Turnover |
Turnover represents rents receivable. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investment properties |
Investment properties are shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a revaluation reserve. Depreciation is not provided in respect of |
freehold investment properties. Leasehold investment properties are not amortised where the unexpired term |
is over twenty years. |
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This policy represents a departure from statutory accounting principles, which require depreciation to be |
provided on all fixed assets. The directors consider that this policy is necessary in order that the Financial |
Statements may give a true and fair view because current values and changes in current values are of prime |
importance rather than the calculation of systematic annual depreciation. Depreciation is only one of many |
factors reflected in the valuation and the amount which might otherwise have been shown cannot be |
separately identified or quantified. |
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Deferred tax |
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the |
balance sheet date. |
ASHLEY GEORGE & CO., LIMITED (REGISTERED NUMBER: 00429520) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 JULY 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 August 2015 |
and 31 July 2016 |
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DEPRECIATION |
At 1 August 2015 |
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Charge for year |
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At 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 August 2015 |
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Revaluations |
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At 31 July 2016 |
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NET BOOK VALUE |
At 31 July 2016 |
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At 31 July 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted and issued: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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