Company Registration No. 4782702 (England and Wales)
ANDROS INVESTMENTS LIMITED
(FORMERLY : ANDROS HOLDINGS (YORK) LIMITED)
UNAUDITED ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
ANDROS INVESTMENTS LIMITED
(FORMERLY : ANDROS HOLDINGS (YORK) LIMITED)
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
ANDROS INVESTMENTS LIMITED
(FORMERLY : ANDROS HOLDINGS (YORK) LIMITED)
ABBREVIATED BALANCE SHEET
AS AT
30 JUNE 2015
30 June 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
635,052
634,064
Investments
2
-
2,500
635,052
636,564
Current assets
Debtors
23,112
2,629
Cash at bank and in hand
2,006
3,015
25,118
5,644
Creditors: amounts falling due within one year
(601,790)
(607,646)
Net current liabilities
(576,672)
(602,002)
Total assets less current liabilities
58,380
34,562
Capital and reserves
Called up share capital
3
100
100
Profit and loss account
58,280
34,462
Shareholders' funds
58,380
34,562
For the financial year ended 30 June 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 14 October 2015
Andreas Mina
Director
Company Registration No. 4782702
ANDROS INVESTMENTS LIMITED
(FORMERLY : ANDROS HOLDINGS (YORK) LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 JUNE 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Compliance with accounting standards
The financial statements are prepared in accordance with applicable United Kingdom Accounting Standards (United Kingdom Generally Accepted Accounting Practice), which have been applied consistently (except as otherwise stated).
1.3
Turnover
Turnover represents rent receivable for the year from the investment property.
1.4
Tangible fixed assets and depreciation
Tangible fixed assets include investment properties valued on an existing use open market value basis. Other tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:
Fixtures, fittings & equipment
15% Reducing balance
No depreciation is provided on the investment property. Although this accounting policy is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008), it is a departure from the general requirement of the Companies Act 2006 for all tangible assets to be depreciated. In the opinion of the directors compliance with the standard is necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of many factors reflected in the annual valuation and the amount of this which might otherwise have been charged cannot be separately identified or quantified.
1.5
Investments
Fixed asset investments are stated at cost less provision for diminution in value.
1.6
Pensions
The company operates a defined contribution scheme for the benefit of its employees. Contributions payable are charged to the profit and loss account in the year they are payable.
ANDROS INVESTMENTS LIMITED
(FORMERLY : ANDROS HOLDINGS (YORK) LIMITED)
NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)
FOR THE YEAR ENDED 30 JUNE 2015
- 3 -
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 July 2014
638,604
502,500
1,141,104
Additions
2,374
-
2,374
Disposals
-
(502,500)
(502,500)
At 30 June 2015
640,978
-
640,978
Depreciation
At 1 July 2014
4,540
500,000
504,540
On disposals
-
(500,000)
(500,000)
Charge for the year
1,386
-
1,386
At 30 June 2015
5,926
-
5,926
Net book value
At 30 June 2015
635,052
-
635,052
At 30 June 2014
634,064
2,500
636,564
On 6 October 2014, the company sold its entire shares held in Andros York Limited at the market value of £2,500.
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
100 Ordinary shares of £1 each
100
100