Company Registration No. 7242643 (England and Wales)
Ampella Property Limited
Unaudited accounts
for the year ended 31 March 2017
Ampella Property Limited
Unaudited accounts
Contents
Ampella Property Limited
Company Information
for the year ended 31 March 2017
Directors
K Hawkins
J Hawkins
Company Number
7242643 (England and Wales)
Registered Office
NORFOLK HOUSE
14 STATION ROAD
LISS
HAMPSHIRE
GU33 7DT
Accountants
Hampshire Accountancy Services
College Court
15 Bowen Lane
Petersfield
Hampshire
GU31 4DR
Ampella Property Limited
Statement of financial position
as at
31 March 2017
Tangible assets
350,000
89,044
Investments
50,000
50,000
Cash at bank and in hand
16,183
17,821
Creditors: amounts falling due within one year
(65,008)
(5,592)
Net current (liabilities)/assets
(45,345)
13,060
Net assets
354,655
152,104
Called up share capital
50,100
50,100
Profit and loss account
304,555
102,004
Shareholders' funds
354,655
152,104
For the year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies. The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
These accounts have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies' regime and in accordance with the provisions of FRS 102 Section 1A - Small Entities. The profit and loss account has not been delivered to the Registrar of Companies.
Approved by the Board on 4 December 2017.
K Hawkins
Director
Company Registration No. 7242643
Ampella Property Limited
Notes to the Accounts
for the year ended 31 March 2017
Ampella Property Limited is a private company, limited by shares, registered in England and Wales, registration number 7242643. The registered office is NORFOLK HOUSE, 14 STATION ROAD, LISS, HAMPSHIRE, GU33 7DT.
2
Compliance with accounting standards
The accounts have been prepared in accordance with the provisions of FRS 102 Section 1A Small Entities. There were no material departures from that standard.
These financial statements for the year ended 31 March 2017 are the first financial statements that comply with FRS 102 Section 1A Small Entities. The date of transition is 1 April 2015.
The transition to FRS 102 Section 1A Small Entities has resulted in a small number of changes in accounting policies to those used previously.
The nature of these changes and their impact on opening equity and profit for the comparative period are explained in the notes below.
The accounts have been prepared under the historical cost convention as modified by the revaluation of certain fixed assets.
Tangible fixed assets and depreciation
Tangible assets are included at cost less depreciation and impairment. Depreciation has been provided at the following rates in order to write off the assets over their estimated useful lives:
Freehold Property - 4% on improvements
4
Tangible fixed assets
Land & buildings
Cost or valuation
At valuation
The property has been revalued by the directors. This is based on the current market value value that the property is listed for
Ampella Property Limited
Notes to the Accounts
for the year ended 31 March 2017
5
Investments
Subsidiary undertakings
Valuation at 1 April 2016
50,000
Valuation at 31 March 2017
50,000
7
Creditors: amounts falling due within one year
2017
2016
Bank loans and overdrafts
-
5,592
Amounts owed to group undertakings and other participating interests
5,986
-
Taxes and social security
48,591
-
Loans from directors
10,000
-
8
Average number of employees
During the year the average number of employees was 0 (2016: 0).