Assetload Limited - Limited company - abbreviated

REGISTERED NUMBER: 03273006 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2014

for

Assetload Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P I H Pressland

SECRETARY:

REGISTERED OFFICE:

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

REGISTERED NUMBER:

03273006 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Tangible assets

2

-

Investment property

3

4,688,394

3,665,858

4,688,394

3,665,858

CURRENT ASSETS

Stocks

492,842

Debtors

52,783

43,183

Cash at bank

50,024

52,475

595,649

588,500

CREDITORS

Amounts falling due within one year

4

487,285

412,068

NET CURRENT ASSETS

108,364

176,432

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,796,758

3,842,290

CREDITORS

Amounts falling due after more than one
year

4

4,168,351

3,373,894

NET ASSETS

628,407

468,396

CAPITAL AND RESERVES

Called up share capital

5

2

Revaluation reserve

531,491

Profit and loss account

96,914

(63,097

)

SHAREHOLDERS' FUNDS

628,407

468,396

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 November 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 2014 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 31 July 2015 and were signed by:

P I H Pressland - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective April

2008).

Turnover

Turnover represents net invoiced rent and property sales excluding value added tax

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

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.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

Deferred tax

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

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 December 2013

and 30 November 2014

3,850

DEPRECIATION

At 1 December 2013

and 30 November 2014

3,850

NET BOOK VALUE

At 30 November 2014

-

At 30 November 2013

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2013

3,665,858

Additions

1,022,536

At 30 November 2014

4,688,394

NET BOOK VALUE

At 30 November 2014

4,688,394

At 30 November 2013

3,665,858

4.

CREDITORS

Creditors include an amount of £ 2,952,440 (2013 - £ 3,127,983 ) for which security has been given.

They also include the following debts falling due in more than five years:

2014

2013

£

Repayable by instalments

2,322,815

2,371,594

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

2

Ordinary

£1

2

Assetload Limited - Limited company - abbreviated - 11.6

Assetload Limited - Limited company - abbreviated - 11.6