REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts |
|
for the Year Ended 31 December 2015 |
|
for |
|
A & S Equity Limited |
REGISTERED NUMBER:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Abbreviated Unaudited Accounts |
|
for the Year Ended 31 December 2015 |
|
for |
|
A & S Equity Limited |
A & S Equity Limited (Registered number: 08522138) |
|
|
|
|
|
|
Contents of the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
|
|
|
|
Page |
|
Company Information | 1 |
|
Abbreviated Balance Sheet | 2 |
|
Notes to the Abbreviated Accounts | 4 |
|
Chartered Accountants' Report | 6 |
A & S Equity Limited |
|
Company Information |
for the Year Ended 31 December 2015 |
|
|
|
|
|
|
|
DIRECTORS: |
|
|
|
|
|
|
|
REGISTERED OFFICE: |
|
|
|
|
|
|
|
|
|
|
REGISTERED NUMBER: |
|
|
|
|
|
|
ACCOUNTANTS: |
|
|
|
|
|
|
A & S Equity Limited (Registered number: 08522138) |
|
Abbreviated Balance Sheet |
31 December 2015 |
|
2015 | 2014 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
|
|
Investment property | 3 |
|
|
|
|
|
CURRENT ASSETS |
Debtors |
|
|
Cash at bank |
|
|
|
|
CREDITORS |
Amounts falling due within one year | 4 |
|
|
NET CURRENT LIABILITIES | ( |
) | ( |
) |
TOTAL ASSETS LESS CURRENT
LIABILITIES |
|
|
|
CREDITORS |
Amounts falling due after more than one
year |
4 |
( |
) |
( |
) |
|
PROVISIONS FOR LIABILITIES | ( |
) |
|
NET ASSETS |
|
|
|
CAPITAL AND RESERVES |
Called up share capital | 5 |
|
|
Profit and loss account |
|
|
SHAREHOLDERS' FUNDS |
|
|
|
|
|
|
|
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 |
(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 & S Equity Limited (Registered number: 08522138) |
|
Abbreviated Balance Sheet - continued |
31 December 2015 |
|
|
|
|
|
The financial statements were approved by the Board of Directors on
its behalf by: |
|
|
|
|
|
|
|
A & S Equity Limited (Registered number: 08522138) |
|
Notes to the Abbreviated Accounts |
for the Year Ended 31 December 2015 |
|
1. | ACCOUNTING POLICIES |
|
Basis of preparing the financial statements |
The balance sheet details net current liabilities of £91,209 (2014: £82,829). The directors believe that |
the company has adequate cash resources to finance its trading and other obligations during the |
course of the twelve months from the balance sheet sign off date. The directors consider it appropriate |
to prepare the financial statements on a going concern basis. |
|
Accounting convention |
The financial statements have been prepared under the historical cost convention and in accordance |
with the Financial Reporting Standard for Smaller Entities (effective January 2015). |
|
Turnover |
Turnover represents rental income for the year. |
|
Tangible fixed assets |
|
|
Fixtures and fittings | - |
|
Computer equipment | - |
|
|
Investment property |
Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from |
changes in market value is transferred to a revaluation reserve. |
|
Deferred tax |
Deferred tax is recognised in respect of all material timing differences that have originated but not |
reversed at the balance sheet date. |
|
2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 January 2015 |
|
Additions |
|
Disposals | ( |
) |
At 31 December 2015 |
|
DEPRECIATION |
At 1 January 2015 |
|
Charge for year |
|
Eliminated on disposal | ( |
) |
At 31 December 2015 |
|
NET BOOK VALUE |
At 31 December 2015 |
|
At 31 December 2014 |
|
A & S Equity Limited (Registered number: 08522138) |
|
Notes to the Abbreviated Accounts - continued |
for the Year Ended 31 December 2015 |
|
3. | INVESTMENT PROPERTY |
Total |
£ |
COST |
At 1 January 2015 |
and 31 December 2015 |
|
NET BOOK VALUE |
At 31 December 2015 |
|
At 31 December 2014 |
|
|
4. | CREDITORS |
|
Creditors include an amount of £
|
|
They also include the following debts falling due in more than five years: |
|
2015 | 2014 |
£ | £ |
Repayable by instalments | 90,347 | 100,464 |
|
5. | CALLED UP SHARE CAPITAL |
|
Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2015 | 2014 |
value: | £ | £ |
|
Ordinary | £1 |
|
|
|
6. | DIRECTORS' ADVANCES, CREDITS AND GUARANTEES |
|
During the year
due to A & Mrs S Mahal was £ |
Chartered Accountants' Report to the Board of Directors |
on the Unaudited Financial Statements of |
A & S Equity Limited |
|
The following reproduces the text of the report prepared for the directors in respect of the company's |
annual unaudited financial statements, from which the unaudited abbreviated accounts (set out on |
pages two to five) have been prepared. |
|
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval |
the financial statements of A & S Equity Limited for the year ended 31 December 2015 which comprise the |
Profit and Loss Account, the Balance Sheet and the related notes from the company's accounting records |
and from information and explanations you have given us. |
|
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 at icaew.com/membershandbook. |
|
This report is made solely to the Board of Directors of A & S Equity Limited, as a body, in accordance with the terms of our engagement letter dated 4 November 2015. Our work has been undertaken solely to prepare for your approval the financial statements of A & S Equity Limited and state those matters that we have agreed to state to the Board of Directors of A & S Equity Limited, as a body, in this report in accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report. |
|
It is your duty to ensure that A & S Equity Limited 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 A & S Equity Limited. You consider that A & S Equity Limited is exempt from the statutory audit requirement for the year. |
|
We have not been instructed to carry out an audit or a review of the financial statements of A & S Equity Limited. 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. |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
26 September 2016 |