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Applied Accountancy Limited |
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Registered number: |
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Balance Sheet | |||||||
as at |
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Restated | |||||||
Notes | 2017 | 2016 | |||||
£ | £ | ||||||
Fixed assets | |||||||
Tangible assets | 2 |
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Current assets | |||||||
Debtors | 3 |
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Cash at bank and in hand |
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Creditors: amounts falling due within one year | 4 | ( |
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Net current liabilities | ( |
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Total assets less current liabilities |
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Provisions for liabilities | ( |
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Net assets |
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Capital and reserves | |||||||
Called up share capital |
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Fair value reserve | 5 |
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Profit and loss account |
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Shareholders' funds |
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Nicholas Miller | |||||||
Director | |||||||
Approved by the board on |
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Notes to the Accounts | ||||||||
for the year ended |
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1 | Accounting policies | |||||||
Basis of preparation | ||||||||
The transition to FRS 102 Section 1A small entities has resulted in the following changes: Prior year adjustments Transfer from the revaluation reserve to the fair value reserve of £4,407,460 effective 1 December 2015. Provision of deferred tax on the revauation of investment property reduces the Fair value reserve by £837,417 and creates a Deferred tax provision of £837,417. The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland. The presentation currency is £ sterling. |
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Revenue Recognition | ||||||||
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Tangible fixed assets | ||||||||
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Office equipment | 25% on reducing balance basis | |||||||
Investment property | ||||||||
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Debtors | ||||||||
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Creditors | ||||||||
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Taxation | ||||||||
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2 | Tangible fixed assets | |||||||
Investment property | Plant and machinery etc | Total | ||||||
£ | £ | £ | ||||||
Cost | ||||||||
At 1 December 2016 |
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Additions | - |
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Surplus on revaluation |
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- |
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At 30 November 2017 |
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Depreciation | ||||||||
At 1 December 2016 | - |
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Charge for the year | - |
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At 30 November 2017 | - |
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Net book value | ||||||||
At 30 November 2017 |
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At 30 November 2016 |
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The investment property was revalued to £6,000,000 on 30th November 2017 by the directors, who are chartered surveyors, on an open market exisiting use basis. | ||||||||
If the investment property had not been included at valuation it would have been included under the historical cost convention at £592,540 (30.11.16 - £592,540) | ||||||||
3 | Debtors | 2017 | 2016 | |||||
£ | £ | |||||||
Other debtors |
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4 | Creditors: amounts falling due within one year | 2017 | 2016 | |||||
£ | £ | |||||||
Taxation and social security costs |
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Other creditors |
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Restated | ||||||||
5 | Fair value reserve | 2017 | 2016 | |||||
£ | £ | |||||||
At 1 December 2016 |
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Revaluation of land and buildings |
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Deferred taxation arising on the revaluation of land and buildings | ( |
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At 30 November 2017 |
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6 | Other information | |||||||
Greedylegs Limited is a private company limited by shares and incorporated in England. Its registered office is: | ||||||||
58 Grosvenor Street | ||||||||
London | ||||||||
W1K 3JB |