Registered number: 04673190 | ||||||||
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FOR THE YEAR ENDED 31/07/2016 | ||||||||
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Prepared By: | ||||||||
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Bradford on Avon | ||||||||
Wiltshire | ||||||||
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Miles Investments Ltd | ||||||||
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ABBREVIATED ACCOUNTS | ||||||||
FOR THE YEAR ENDED
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INDEX TO THE ACCOUNTS | ||||||||
Abbreviated Balance Sheet | 2 | |||||||
Notes to the Abbreviated Accounts | 3 | |||||||
The company's registered number is 04673190 | ||||||||
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Miles Investments Ltd | ||||||||
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Registered Number: 04673190 | ||||||||||
BALANCE SHEET AT 31/07/2016 | ||||||||||
2016 | 2015 | |||||||||
Notes | £ | £ | ||||||||
FIXED ASSETS | ||||||||||
Tangible assets | 2 |
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Investments | 3 |
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CURRENT ASSETS | ||||||||||
Debtors (amounts falling due within one year) | 4 |
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Cash at bank and in hand |
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97,037 |
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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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CREDITORS: Amounts falling due after more than one year | 5 |
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NET ASSETS |
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CAPITAL AND RESERVES | ||||||||||
Called up share capital | 6 |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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Approved by the board on
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Director | ||||||||||
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Miles Investments Ltd | ||||||||
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NOTES TO THE ACCOUNTS | ||||||||||
FOR THE YEAR ENDED 31/07/2016 | ||||||||||
1. ACCOUNTING POLICIES |
1a. Basis Of Accounting | ||||||||
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1b. Depreciation | ||||||||
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Land And Buildings |
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Fixtures and Fittings |
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1c. Taxation | ||||||||
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1d. Turnover | ||||||||
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1e. Investments | ||||||||
Fixed asset investments are shown at cost less amounts written off. | ||||||||
Provisions are made for permanent fluctuations in value. |
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Miles Investments Ltd | ||||||||
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2. TANGIBLE FIXED ASSETS | ||||||
Land And | Fixtures | |||||
Buildings | and Fittings | Total | ||||
£ | £ | £ | ||||
Cost | ||||||
At 01/08/2015 |
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At 31/07/2016 | 477,692 | 4,775 | 482,467 | |||
Depreciation | ||||||
At 01/08/2015 |
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For the year |
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At 31/07/2016 |
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Net Book Amounts | ||||||
At 31/07/2016 |
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At 31/07/2015 |
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3. INVESTMENT FIXED ASSETS | |||||||||
Shares in group companies | |||||||||
and participating interests | Total | ||||||||
£ | £ | ||||||||
Cost | |||||||||
At 01/08/2015 |
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At 31/07/2016 |
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Amortisation | |||||||||
Net Book Amounts | |||||||||
At 31/07/2016 |
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At 31/07/2015 |
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Miles Investments Ltd | ||||||||
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4. DEBTORS | 2016 | 2015 | ||||||
£ | £ | |||||||
Amounts falling due within one year: | ||||||||
Other Tax |
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Other debtors |
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5. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
Bank loans and overdrafts | 20,356 | 20,356 | ||||||
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6. SHARE CAPITAL | 2016 | 2015 | ||||||
£ | £ | |||||||
Allotted, issued and fully paid: | ||||||||
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7. RELATED PARTY TRANSACTIONS | ||||||||
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8. EXCEPTIONAL COSTS | ||||||||
Exceptional costs include loan write off of £29,000 (2015: £28,675). | ||||||||
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Miles Investments Ltd | ||||||||
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9. TURNOVER | ||||||||
The turnover and pre-tax result is attributable to letting of property and acting as a holding company to its trading subsidiary. | ||||||||
2016 | 2015 | |||||||
£ | £ | |||||||
Sales | 11,130 | 11,661 | ||||||
11,130 | 11,661 | |||||||
10. TRANSACTIONS WITH DIRECTORS | ||||||||
At the balance sheet date the director owed the company £50,005 (2015: £47,948). This was all repaid/released within 9 months of the year end (2015: £28,500). The loan is repayable on demand and bears Interest a rate of 4% per annum. | ||||||||
The change in the year represents cash advances, personal payments and other movements of £31,057, less amounts written off of £29,000. | ||||||||
11. CONTROLLING PARTY | ||||||||
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