A, T & S PROPERTIES LIMITED - Accounts to registrar (filleted) - small 18.1

REGISTERED NUMBER: 10015382 (England and Wales)

Financial Statements for the Year Ended 31 August 2018

for

A, T & S PROPERTIES LIMITED

Page

Company Information

1

Balance Sheet

2

Notes to the Financial Statements

4

DIRECTORS:

A Shareef

S Shareef

T Shareef

REGISTERED OFFICE:

88 Lower Tower Street

Birmingham

B19 3NL

REGISTERED NUMBER:

10015382 (England and Wales)

ACCOUNTANTS:

ADVANTAGE ACCOUNTANCY LTD

109 ROYAL ARCH

WHARFSIDE STREET

BIRMINGHAM

B1 1RG

FIXED ASSETS

Tangible assets

3

9,201,600

9,393,300

CURRENT ASSETS

Debtors

4

83,402

409,134

Cash at bank and in hand

40

594

83,442

409,728

CREDITORS

Amounts falling due within one year

5

4,780,753

4,697,404

NET CURRENT LIABILITIES

(4,697,311

)

(4,287,676

)

TOTAL ASSETS LESS CURRENT LIABILITIES

4,504,289

5,105,624

CREDITORS

Amounts falling due after more than one year

6

4,743,002

5,156,206

NET LIABILITIES

(238,713

)

(50,582

)

CAPITAL AND RESERVES

Called up share capital

3

3

Retained earnings

(238,716

)

(50,585

)

(238,713

)

(50,582

)

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 August 2018.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 August 2018 in accordance with Section 476 of the Companies Act 2006.

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.

The financial statements have been prepared and delivered in accordance with the provisions of Part 15 of the Companies Act 2006 relating to small companies.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors on 29 May 2019 and were signed on its behalf by:

A Shareef - Director

1.	STATUTORY INFORMATION

A, T & S PROPERTIES LIMITED is a private company, limited by shares , registered in England and Wales.

The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with the provisions of Section 1A "Small Entities" of Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover

Turnover is measured at the fair value of the consideration received or receivable, excluding discounts, rebates,

value added tax and other sales taxes.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Taxation

Taxation for the year 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.

Current or deferred taxation assets and liabilities are not discounted.

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.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

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 year end and that are expected to apply to the reversal of the

timing difference.

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.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the

lease.

3.	TANGIBLE FIXED ASSETS

Land and

buildings

£

COST

At 1 September 2017

and 31 August 2018

9,585,000

DEPRECIATION

At 1 September 2017

191,700

Charge for year

191,700

At 31 August 2018

383,400

NET BOOK VALUE

At 31 August 2018

9,201,600

At 31 August 2017

9,393,300

4.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Trade debtors

20,439

205,000

Amounts owed by participating interests

62,500

204,134

Other debtors

463

-

83,402

409,134

5.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans and overdrafts

433,811

454,419

Trade creditors

2,116

11,346

Amounts owed to participating interests

4,301,622

4,189,544

Taxation and social security

33,311

39,220

Other creditors

9,893

2,875

4,780,753

4,697,404

6.

CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

31.8.18

31.8.17

£

£

Bank loans

4,743,002

5,156,206

Amounts falling due in more than five years:

Repayable by instalments

Bank loans more 5 yr by instal

2,864,261

3,207,914

7.	PARENT COMPANY

The company is a wholly owned subsidiary of Heartlands Topco Ltd, a company incorporated in England &

Wales whose registered office address is c/o Advantage Accountancy Ltd, 109 Royal Arch, Wharfside Street,

Birmingham B1 1RG