REGISTERED NUMBER:
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AA AND AK PROPERTIES LTD |
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Unaudited Financial Statements |
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for the Period 25 September 2018 to 30 September 2019 |
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REGISTERED NUMBER:
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AA AND AK PROPERTIES LTD |
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Unaudited Financial Statements |
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for the Period 25 September 2018 to 30 September 2019 |
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AA AND AK PROPERTIES LTD (Registered number: 11588311) |
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Contents of the Financial Statements |
for the Period 25 September 2018 to 30 September 2019 |
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Page |
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Company Information | 1 |
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Chartered Accountants' Report | 2 |
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Balance Sheet | 3 |
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Notes to the Financial Statements | 4 | to | 5 |
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AA AND AK PROPERTIES LTD |
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Company Information |
for the Period 25 September 2018 to 30 September 2019 |
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DIRECTORS: |
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SECRETARY: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chandos House |
School Lane |
Buckingham |
Buckinghamshire |
MK18 1HD |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
AA AND AK PROPERTIES LTD |
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The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements. In accordance with the Companies Act 2006, the company is |
only required to file a Balance Sheet. Readers are cautioned that the Income Statement and certain |
other primary statements and the Report of the Directors are not required to be filed with the |
Registrar of Companies. |
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In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of AA AND AK PROPERTIES LTD for the period ended 30 September 2019 which |
comprise the Income Statement, Balance Sheet and the related notes from the company's accounting |
records and from information and explanations you have given us. |
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As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed within the ICAEW's regulations and guidance at http://www.icaew.com/en/membership/regulations-standards-and-guidance. |
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This report is made solely to the Board of Directors of AA AND AK PROPERTIES LTD, as a body, in accordance with our terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of AA AND AK PROPERTIES LTD and state those matters that we have agreed to state to the Board of Directors of AA AND AK PROPERTIES LTD, as a body, in this report in accordance with ICAEW Technical Release 07/16AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than AA AND AK PROPERTIES LTD and its Board of Directors, as a body, for our work or for this report. |
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It is your duty to ensure that AA AND AK PROPERTIES LTD has kept adequate accounting records and to prepare statutory financial statements that give a true and fair view of the assets, liabilities, financial position and profit of AA AND AK PROPERTIES LTD. You consider that AA AND AK PROPERTIES LTD is exempt from the statutory audit requirement for the period. |
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We have not been instructed to carry out an audit or a review of the financial statements of AA AND AK PROPERTIES LTD. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements. |
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Chandos House |
School Lane |
Buckingham |
Buckinghamshire |
MK18 1HD |
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Date: ............................................. |
AA AND AK PROPERTIES LTD (Registered number: 11588311) |
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Balance Sheet |
30 September 2019 |
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Notes | £ | £ |
FIXED ASSETS |
Tangible assets | 4 |
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CURRENT ASSETS |
Debtors | 5 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 6 |
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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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Revaluation reserve | 7 |
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Retained earnings | ( |
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The directors acknowledge their responsibilities for: |
(a) |
ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the
Companies Act 2006 and |
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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. |
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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 Board of Directors and authorised for issue on
and were signed on its behalf by: |
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AA AND AK PROPERTIES LTD (Registered number: 11588311) |
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Notes to the Financial Statements |
for the Period 25 September 2018 to 30 September 2019 |
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1. | STATUTORY INFORMATION |
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AA AND AK PROPERTIES LTD is a
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Wales. The company's registered number and registered office address can be found on the Company |
Information page. |
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2. | ACCOUNTING POLICIES |
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Basis of preparing the financial statements |
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Turnover |
Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, |
rebates, value added tax and other sales taxes. |
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Tangible fixed assets |
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Taxation |
Taxation for the period comprises current and deferred tax. Tax is recognised in the Income |
Statement, except to the extent that it relates to items recognised in other comprehensive income or |
directly in equity. |
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Current or deferred taxation assets and liabilities are not discounted. |
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Current tax is recognised at the amount of tax payable using the tax rates and laws that have been |
enacted or substantively enacted by the balance sheet date. |
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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. |
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Timing differences arise from the inclusion of income and expenses in tax assessments in periods |
different from those in which they are recognised in financial statements. Deferred tax is measured |
using tax rates and laws that have been enacted or substantively enacted by the period end and that |
are expected to apply to the reversal of the timing difference. |
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Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable |
that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits. |
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3. | EMPLOYEES AND DIRECTORS |
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The average number of employees during the period was NIL. |
AA AND AK PROPERTIES LTD (Registered number: 11588311) |
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Notes to the Financial Statements - continued |
for the Period 25 September 2018 to 30 September 2019 |
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4. | TANGIBLE FIXED ASSETS |
Freehold |
property |
£ |
COST |
Additions |
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At 30 September 2019 |
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NET BOOK VALUE |
At 30 September 2019 |
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5. | DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade debtors |
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Other debtors |
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6. | CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR |
£ |
Trade creditors |
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Other creditors |
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7. | RESERVES |
Revaluation |
reserve |
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Property Revaluation | 47,000 |
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At 30 September 2019 |
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8. | INVESTMENT PROPERTY REVALUATION |
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The investment property has not been revalued professionally; a reasonable estimate has been |
provided by the director. |
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9. | RELATED PARTY DISCLOSURES |
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Included in other creditors is an amount due to the Directors Mr A Popat and Mrs K Popat. At the year |
end, the amount owed to them was £433,902.16. |
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10. | ULTIMATE CONTROLLING PARTY |
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The Directors consider there to be no ultimate controlling party. |