Registered number |
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Ashton Shah & Co Limited |
Chartered Certified Accountants |
Laxmi House 2-b Draycott Avenue |
Kenton Harrow Middlesex HA3 0BU |
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Registered number: |
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Abbreviated Balance Sheet | |||||||
as at |
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Notes | 2015 | 2014 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 2 |
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Investments | 3 |
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Current assets | |||||||
Cash at bank and in hand |
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Creditors: amounts falling due within one year | ( |
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Net current liabilities | ( |
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Net assets |
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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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Ms Pragna P Shah | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Abbreviated Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
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Turnover | ||||||||
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Depreciation | ||||||||
Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives. | ||||||||
Land & buildings |
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Deferred taxation | ||||||||
Full provision is made for deferred taxation resulting from timing differences between the recognition of gains and losses in the accounts and their recognition for tax purposes, if material. Deferred taxation is calculated on an un-discounted basis at the tax rates which are expected to apply in the periods when the timing differences will reverse. | ||||||||
Pensions | ||||||||
The company makes contributions to the personal pension scheme of the director. Contibutions are charged to the profit and loss account as they become payable in accordance with the rules of the scheme. | ||||||||
Investment property | ||||||||
Investment properties are accounted for in accordance with Financial Reporting Standard for Smaller Entities (effective April 2008), as follows: (i) Investment properties are valued annually except during those years where, in the opinion of the Directors, the valuation is not materially different to the book value. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year; and (ii) no depreciation is provided in respect of leasehold investment properties where the lease has over 20 years to run. Although the Companies Act would normally require the systematic annual depreciation of fixed assets, the directors believe that the policy of not providing depreciation is necessary in order for the financial statements to give a true and fair view, since the current value of the investment properties, and changes to the current value, are of prime importance rather than a calculation of systematic annual depreciation. Depreciation is only one of the many factors reflected in the annual valuation, and the amount which might otherwise have been included cannot be separately indentified or quantified. |
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2 | Tangible fixed assets | £ | ||||||
Cost | ||||||||
At 1 April 2014 |
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At 31 March 2015 |
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Depreciation | ||||||||
At 1 April 2014 |
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Charge for the year |
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At 31 March 2015 |
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Net book value | ||||||||
At 31 March 2015 |
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At 31 March 2014 |
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3 | Investments | £ | ||||||
Cost | ||||||||
At 1 April 2014 | 487,500 | |||||||
At 31 March 2015 | 487,500 | |||||||
4 | Share capital | Nominal | 2015 | 2015 | 2014 | |||
value | Number | £ | £ | |||||
Allotted, called up and fully paid: | ||||||||
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£ |
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