Advalue Properties Ltd - Filleted accounts

Advalue Properties Ltd - Filleted accounts

ADVALUE PROPERTIES LTD - Company Information

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Registered number
09055670
Advalue Properties Ltd
Filleted Accounts
31 May 2018
Advalue Properties Ltd
Registered number: 09055670
Balance Sheet
as at 31 May 2018
Notes 2018 2017
£ £
Fixed assets
Tangible assets 2 197,022 197,022
Current assets
Cash at bank and in hand 350 350
Creditors: amounts falling due within one year 3 (210,282) (210,282)
Net current liabilities (209,932) (209,932)
Net liabilities (12,910) (12,910)
Capital and reserves
Called up share capital 2 2
Profit and loss account (12,912) (12,912)
Shareholders' funds (12,910) (12,910)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared and delivered in accordance with the special provisions applicable to companies subject to the small companies regime. The profit and loss account has not been delivered to the Registrar of Companies.
Adekunle Ladega
Director
Approved by the board on 21 February 2019
Advalue Properties Ltd
Notes to the Accounts
for the year ended 31 May 2018
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with FRS 102, The Financial Reporting Standard applicable in the UK and Republic of Ireland (as applied to small entities by section 1A of the standard).
Tangible fixed assets
Tangible fixed assets are measured at cost less accumulative depreciation and any accumulative impairment losses. Depreciation is provided on all tangible fixed assets, other than freehold land, at rates calculated to write off the cost, less estimated residual value, of each asset evenly over its expected useful life, as follows:
Freehold buildings over 50 years
Leasehold land and buildings over the lease term
Plant and machinery over 5 years
Fixtures, fittings, tools and equipment over 5 years
2 Tangible fixed assets
Land and buildings Plant and machinery etc Total
£ £ £
Cost
At 1 June 2017 194,397 2,625 197,022
At 31 May 2018 194,397 2,625 197,022
Depreciation
At 31 May 2018 - - -
Net book value
At 31 May 2018 194,397 2,625 197,022
At 31 May 2017 194,397 2,625 197,022
3 Creditors: amounts falling due within one year 2018 2017
£ £
Other creditors 210,282 210,282
4 Other information
Advalue Properties Ltd is a private company limited by shares and incorporated in England. Its registered office is:
96 Lillie Road
Fulham
London
SW6 7SR
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