Registration number:
for the Period from 3 October 2016 to
Aschenbrenner Group Limited
Contents
Section |
Page |
Company Information |
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Director's Report |
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Statement of Income and Retained Earnings |
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Statement of Financial Position |
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Notes to the Financial Statements |
Aschenbrenner Group Limited
Company Information
Director |
K Aschenbrenner |
Company secretary |
Goodwille Limited |
Registered office |
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Accountants |
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Aschenbrenner Group Limited
Director's Report for the Period from 3 October 2016 to 31 March 2018
The director presents his annual report on the affairs of Aschenbrenner Group Limited, together with the financial statements for the period from 3 October 2016 to 31 March 2018.
Principal activity
The principal activity of the company is that of an international private real estate and investment company.
Director of the company
The director who served throughout the period and up to date of authorisation of this report was as follows:
Going concern
The director has considered financial projections for the company over the foreseeable future and have also reviewed his ongoing committed financial support to the company and is confident that this will be available for the foreseeable. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis in preparing the annual financial statements.
Events after the financial period
There have been no significant events between the year end and the date of approval of these financial statements which would require a change to, or disclosure in, the financial statements.
Small companies provision statement
The director has taken advantage of the small companies exemptions provided by sections 414B and 415A of the Companies Act 2006 from the requirement to prepare a strategic report and in preparing the directors’ report on the grounds that the company is entitled to prepare its accounts for the year in accordance with the small companies regime.
The director's report was approved by the director on
.........................................
K Aschenbrenner
Director
Aschenbrenner Group Limited
Statement of Income and Retained Earnings
for the Period from 3 October 2016 to 31 March 2018
3 Oct 16 to 31 Mar 18 |
|
Revenue |
- |
Administrative expenses |
( |
Operating loss |
( |
Loss before tax |
( |
Loss for the financial period |
( |
Retained earnings brought forward |
- |
Retained earnings carried forward |
(27,025) |
Continuing operations
All results are derived wholly from continuing operations.
Aschenbrenner Group Limited
(Registration number: 10406846)
Statement of Financial Position as at 31 March 2018
Note |
31 Mar 18 |
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Non-current assets |
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Property, plant and equipment |
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Current assets |
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Receivables |
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Cash at bank and in hand |
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Payables: Amounts falling due within one year |
( |
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Net current liabilities |
( |
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Net liabilities |
( |
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Equity |
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Called up share capital |
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Retained earnings |
( |
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Total equity |
( |
For the financial period ending 31 March 2018 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Director's responsibilities:
• |
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• |
The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
These financial statements have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006 and in accordance with the provisions of FRS 102 Section 1A - small entities.
Approved and authorised by the
.........................................
K Aschenbrenner
Director
Aschenbrenner Group Limited
Notes to the Financial Statements
for the Period from 3 October 2016 to 31 March 2018
General information |
Aschenbrenner Group Limited (the 'company') is a private company limited by share capital incorporated in England and Wales under the Companies Act. The address of the registered office is given on page 1. The nature of the company’s operations and its principal activities are set out in the directors report on page 2.
Accounting policies |
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented.
Going concern
The director has considered financial projections for the company over the foreseeable future and have also reviewed his ongoing committed financial support to the company and is confident that this will be available for the foreseeable. The director has a reasonable expectation that the company has adequate resources to continue in operational existence for the foreseeable future. Thus he continues to adopt the going concern basis in preparing the annual financial statements.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.
Basis of preparation
These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.
The functional currency of the company is considered to be pound sterling (£) because that is the currency of the primary economic environment in which the company operates. The financial statements are presented in pound sterling (£).
Judgements
There are no critical judgements made by the directors in the process of applying the company’s accounting policies which have the most significant effect on the amounts recognised in the financial statements. |
Property, plant and equipment
Property, plant and equipment are stated in the statement of financial position at cost, less any subsequent accumulated depreciation and subsequent accumulated impairment losses.
The cost of property, plant and equipment includes directly attributable incremental costs incurred in their acquisition and installation.
Aschenbrenner Group Limited
Notes to the Financial Statements
for the Period from 3 October 2016 to 31 March 2018 (continued)
2 |
Accounting policies (continued) |
Depreciation is charged so as to write off the cost of assets, other than land and properties under construction over their estimated useful lives, as follows:
Asset class |
Depreciation method and rate |
Computer equipment |
3 years straight line |
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits, and other short-term highly liquid investments that are readily convertible to a known amount of cash and are subject to an insignificant risk of change in value.
Receivables
Trade receivables are amounts due from customers for merchandise sold or services performed in the ordinary course of business.
Trade receivables are recognised initially at the transaction price. They are subsequently measured at amortised cost using the effective interest method, less provision for impairment. A provision for the impairment of trade receivables is established when there is objective evidence that the company will not be able to collect all amounts due according to the original terms of the receivables.
Payables
Trade payables are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Trade payables are recognised initially at the transaction price and subsequently measured at amortised cost using the effective interest method.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Income statement over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Aschenbrenner Group Limited
Notes to the Financial Statements
for the Period from 3 October 2016 to 31 March 2018 (continued)
2 |
Accounting policies (continued) |
Share capital
Ordinary shares are classified as equity. Equity instruments are measured at the fair value of the cash or other resources received or receivable, net of the direct costs of issuing the equity instruments. If payment is deferred and the time value of money is material, the initial measurement is on a present value basis.
Financial instruments
Staff numbers |
The company had no employees during the period.
Property, plant and equipment |
Computer equipment |
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Cost |
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Additions |
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At 31 March 2018 |
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Depreciation |
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Charge for the |
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At 31 March 2018 |
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Carrying amount |
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At 31 March 2018 |
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Receivables |
31 Mar 18 |
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Other receivables |
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Prepayments |
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Aschenbrenner Group Limited
Notes to the Financial Statements
for the Period from 3 October 2016 to 31 March 2018 (continued)
Cash and cash equivalents |
31 Mar 18 |
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Cash at bank |
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Payables |
31 Mar 18 |
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Due within one year |
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Loans and borrowings |
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Trade payables |
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Other payables |
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Accrued expenses |
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Share capital and reserves |
Allotted, called up and fully paid shares
31 Mar 18 |
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No. |
£ |
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|
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1 |
The company has one class of share capital which carries no right to fixed income.
Reserves
Retained earnings represents cumulative profit or losses net of dividends paid and other adjustments.
New shares allotted
During the period |
Aschenbrenner Group Limited
Notes to the Financial Statements
for the Period from 3 October 2016 to 31 March 2018 (continued)
Loans and borrowings |
31 March 2018 |
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Current loans and borrowings |
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Other borrowings |
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Related party transactions |
Transactions with directors |
2018 |
At 3 October 2016 |
Advances to director |
Repayments by director |
Other payments made to company by director |
At 31 March 2018 |
K Aschenbrenner |
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Loans and advances |
- |
|
( |
(2,462) |
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Events after the financial period |
There have been no significant events between the year end and the date of approval of these financial statements which would require a change to, or disclosure in, the financial statements. |