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REPORT OF THE DIRECTORS AND |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2016 |
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AMALGAMATED PROPERTY HOLDINGS LIMITED |
REGISTERED NUMBER:
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REPORT OF THE DIRECTORS AND |
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FINANCIAL STATEMENTS FOR THE YEAR ENDED 31 JULY 2016 |
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FOR |
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AMALGAMATED PROPERTY HOLDINGS LIMITED |
AMALGAMATED PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 02827723) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
For The Year Ended 31 JULY 2016 |
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Page |
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Company Information | 1 |
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Report of the Directors | 2 |
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Profit and Loss Account | 3 |
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Balance Sheet | 4 |
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Notes to the Financial Statements | 6 |
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AMALGAMATED PROPERTY HOLDINGS 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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ACCOUNTANTS: |
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Chartered Accountants |
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AMALGAMATED PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 02827723) |
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REPORT OF THE DIRECTORS |
For The Year Ended 31 JULY 2016 |
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The directors present their report with the financial statements of the company for the year ended 31 July 2016. |
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DIRECTORS |
The directors who have held office during the period from 1 August 2015 to the date of this report are as follows: |
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This report has been prepared in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small |
companies. |
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ON BEHALF OF THE BOARD: |
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AMALGAMATED PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 02827723) |
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PROFIT AND LOSS ACCOUNT |
For The Year Ended 31 JULY 2016 |
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2016 | 2015 |
Notes | £ | £ |
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TURNOVER |
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Administrative expenses | ( |
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(325,859 | ) | (84,648 | ) |
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Other operating income |
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OPERATING (LOSS)/PROFIT | 2 | ( |
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Interest receivable and similar income |
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(99,431 | ) | 111,150 |
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Interest payable and similar charges | ( |
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(LOSS)/PROFIT ON ORDINARY
ACTIVITIES BEFORE TAXATION |
( |
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Tax on (loss)/profit on ordinary activities | 3 |
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( |
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(LOSS)/PROFIT FOR THE FINANCIAL
YEAR |
( |
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AMALGAMATED PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 02827723) |
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BALANCE SHEET |
31 JULY 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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Investment property | 5 |
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CURRENT ASSETS |
Debtors | 6 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 7 |
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NET CURRENT ASSETS/(LIABILITIES) |
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( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one year | 8 |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 10 |
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Revaluation reserve | 11 |
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Profit and loss account | 11 |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their responsibilities for: |
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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. |
AMALGAMATED PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 02827723) |
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BALANCE SHEET - continued |
31 JULY 2016 |
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The financial statements were approved by the Board of Directors on
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AMALGAMATED PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 02827723) |
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NOTES TO THE FINANCIAL STATEMENTS |
For The Year Ended 31 JULY 2016 |
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1. | ACCOUNTING POLICIES |
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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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Related party exemption |
The company has taken advantage of exemption, under the terms of Financial Reporting Standard 8 Related Party |
Disclosures, not to disclose related party transactions with wholly owned subsidiaries within the group. |
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Tangible fixed assets |
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Plant and machinery etc | - |
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Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
market value is transferred to a revaluation reserve. |
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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. |
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2. | OPERATING (LOSS)/PROFIT |
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The operating loss (2015 - operating profit) is stated after charging/(crediting): |
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2016 | 2015 |
£ | £ |
Loss/(profit) on disposal of fixed assets |
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Directors' remuneration and other benefits etc |
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3. | TAXATION |
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Analysis of the tax charge |
The tax charge on the loss on ordinary activities for the year was as follows: |
2016 | 2015 |
£ | £ |
Current tax: |
UK corporation tax |
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Tax on (loss)/profit on ordinary activities |
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AMALGAMATED PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 02827723) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 JULY 2016 |
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4. | TANGIBLE FIXED ASSETS |
Plant and |
machinery |
etc |
£ |
COST |
At 1 August 2015 |
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Disposals | ( |
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At 31 July 2016 |
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DEPRECIATION |
At 1 August 2015 |
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Eliminated on disposal | ( |
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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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5. | INVESTMENT PROPERTY |
Total |
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COST OR VALUATION |
At 1 August 2015 |
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Additions |
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At 31 July 2016 |
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DEPRECIATION |
At 1 August 2015 |
and 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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Cost or valuation at 31 July 2016 is represented by: |
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Valuation in 2016 | 3,423,725 |
Cost | 1,370,217 |
4,793,942 |
AMALGAMATED PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 02827723) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 JULY 2016 |
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6. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Trade debtors | - | 13,967 |
Amounts owed by group undertakings |
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Other debtors | 3,310 | 88,034 |
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7. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2016 | 2015 |
£ | £ |
Taxation and social security |
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Other creditors |
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8. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2016 | 2015 |
£ | £ |
Bank loans |
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9. | SECURED DEBTS |
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The following secured debts are included within creditors: |
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2016 | 2015 |
£ | £ |
Bank loans |
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LloydsBank PLC has a fixed charge on all investment properties. |
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10. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | 1 |
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AMALGAMATED PROPERTY HOLDINGS LIMITED (REGISTERED NUMBER: 02827723) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
For The Year Ended 31 JULY 2016 |
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11. | RESERVES |
Profit |
and loss | Revaluation |
account | reserve | Totals |
£ | £ | £ |
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At 1 August 2015 |
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Deficit for the year | ( |
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At 31 July 2016 |
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12. | ULTIMATE CONTROLLING PARTY |
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The Company is a wholly owned subsidiary of Amalgamated Holdco Limited,a Company |
registered in England and Wales,of which there is no ultimate controlling party. |
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13. | DEFERRED TAX |
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No provision has been made for deferred taxation arising on the revaluation of investment properties. |
The potential liability not provided for is £405,000 (2015:£431,000) |
This tax would become payable in the event of the properties being sold. |