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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
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A & CO (UK) LTD |
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REGISTERED NUMBER:
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UNAUDITED FINANCIAL STATEMENTS |
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FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
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FOR |
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A & CO (UK) LTD |
A & CO (UK) LTD (REGISTERED NUMBER: 09299019) |
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CONTENTS OF THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
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Company Information | 1 |
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Balance Sheet | 2 |
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Notes to the Financial Statements | 4 |
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A & CO (UK) LTD |
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COMPANY INFORMATION |
FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
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DIRECTOR: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Accountants |
7 St John's Road |
Harrow |
Middlesex |
HA1 2EY |
A & CO (UK) LTD (REGISTERED NUMBER: 09299019) |
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BALANCE SHEET |
31 MARCH 2017 |
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2017 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Investment property | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank and in hand |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
6 |
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NET LIABILITIES | ( |
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CAPITAL AND RESERVES |
Called up share capital |
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Retained earnings | ( |
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SHAREHOLDERS' FUNDS | ( |
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The director acknowledges his 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. |
A & CO (UK) LTD (REGISTERED NUMBER: 09299019) |
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BALANCE SHEET - continued |
31 MARCH 2017 |
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In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered. |
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The financial statements were approved by the director on
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A & CO (UK) LTD (REGISTERED NUMBER: 09299019) |
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NOTES TO THE FINANCIAL STATEMENTS |
FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
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1. | STATUTORY INFORMATION |
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A & Co (UK) Ltd is a
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registered number and registered office address can be found on the Company Information page. |
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The presentation currency of the financial statements is the Pound Sterling (£). |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Restatement |
The comparative figure have been restated regarding the reclassification of creditors to show correct presentation |
and there is no impact on the retained earnings. |
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Going Concern |
The financial statements have been prepared on a going concern basis, not withstanding net liabilities of £22,557 |
(2015: £23,123). |
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The director has given an undertaking that it will continue to support the company financially for the foreseeable |
future and that it will not seek repayment of the amount currently owing to it in the twelve months from the date |
of signing the financial statements. |
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First year adoption of Financial Reporting Standard 102 ( FRS 102) Section 1A |
These financial statements for the period ended 31 March 2017 are the first that are prepared in accordance with |
FRS 102 Section 1A. The previous financial statements were prepared in accordance with UK GAAP, the date of |
transition to FRS 102 Section 1A is 6 November 2014. |
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Turnover |
Turnover represents rental income received from investment property. |
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Investment property |
In accordance with the Financial Reporting Standard, no depreciation is provided in respect of investment |
property. This is a departure from the requirements of the Companies Act 2006 which requires all properties to |
be depreciated. Such properties are not held for consumption but for investment and the directors consider that to |
depreciate them would not give a true and fair view. Depreciation is only one of many factors reflected in the |
periodic valuation of properties and accordingly the amount of depreciation which might otherwise have been |
charged cannot be separately identified or quantified. The directors consider that this policy results in the |
accounts giving a true and fair view. |
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Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in |
fair value is recognised in profit or loss. |
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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. |
A & CO (UK) LTD (REGISTERED NUMBER: 09299019) |
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NOTES TO THE FINANCIAL STATEMENTS - continued |
FOR THE PERIOD 1 DECEMBER 2015 TO 31 MARCH 2017 |
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3. | INVESTMENT PROPERTY |
Total |
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FAIR VALUE |
At 1 December 2015 |
and 31 March 2017 |
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NET BOOK VALUE |
At 31 March 2017 |
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At 30 November 2015 |
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4. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2015 |
£ | £ |
Amounts owed by related company |
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5. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
2017 | 2015 |
£ | £ |
Directors' current accounts | 1,065,172 | 988,353 |
Accrued expenses |
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6. |
CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE
YEAR |
2017 | 2015 |
£ | £ |
Other creditors |
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7. | RELATED PARTY DISCLOSURES |
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As at the period end, the company owed £1,065,172 (2015: £988,353) to the director of the company. Interest is |
charged at 6% p.a. During the period, the interest of £76,247 (2015: £31,569) was charged in respect of this |
loan. |
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As at the period end, included within creditors is £246,811 (2015: £300,000), an amount relating to Rent Deposit |
deed with Aashni & Co Ltd, a company where Mr A Doshi is also a director. |
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As at the period end, included within debtors is £36,826 (2015: £10,826), an amount owed from Aashni & Co |
Ltd. The amount owed is repayable on demand. |