Arntin Limited - Period Ending 2014-11-30

Registration number: 08123188

Arntin Limited

Unaudited Abbreviated Accounts

for the Year Ended 30 November 2014
 

Wincham Accountants Limited
Wincham House
Back Lane
Greenfield Farm Trad Estate
Congleton
Cheshire
CW12 4TR

Arntin Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Arntin Limited
(Registration number: 08123188)
Abbreviated Balance Sheet at 30 November 2014

		Note			30 November 2014 £			30 November 2013 £
Fixed assets
Tangible fixed assets					1,855,519			1,855,519
Current assets
Cash at bank and in hand					44,928			61,965
Creditors: Amounts falling due within one year					(22,000)			(71,737)
Net current assets/(liabilities)					22,928			(9,772)
Net assets					1,878,447			1,845,747
Capital and reserves
Called up share capital		3			1,830,484			1,830,484
Profit and loss account					47,963			15,263
Shareholders' funds					1,878,447			1,845,747

For the year ending 30 November 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.

The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.

The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime .

Approved by the director on 24 June 2015

.........................................
David Jones
Director

The notes on pages 2 to 3 form an integral part of these financial statements.
Page 1

Arntin Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

1	Accounting policies

Basis of preparation

The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (Effective April 2008).

Going concern

The accounts have been prepared on a going concern basis.

Turnover

Turnover represents amounts chargeable in respect of the sale of goods and services to customers.

Depreciation

Depreciation is charged across the expected economic life of the assets with reference to the residual values

Asset class	Depreciation method and rate
Freehold property	No depreciation

Investment properties

Certain of the company's properties are held for long-term investment. Investment properties are accounted for in accordance with the FRSSE, as follows: No depreciation is provided in respect of investment properties and they are revalued annually. The surplus or deficit on revaluation is transferred to the revaluation reserve unless a deficit below original cost, or its reversal, on an individual investment property is expected to be permanent, in which case it is recognised in the profit and loss account for the year. This treatment as regards the company's investment properties may be a departure from the requirements of the Companies Act concerning the depreciation of fixed assets. However, these properties are not held for consumption but for investment and the directors consider that systematic annual depreciation would be inappropriate. The accounting policy adopted is therefore necessary for the financial statements to give a true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual valuation and the amount which might otherwise have been shown cannot be separately identified or quantified.

Foreign currency

Foreign currency transactions are recorded at the exchange rate ruling on the date of transaction. Foreign exchange gains and losses resulting from the settlement of such transactions, and from the retranslation at year end exchange rates of monetary assets and liabilities denominated in foreign currencies, are recognised in the profit and loss account.

Financial instruments

Financial instruments are classified and accounted for, according to the substance of the contractual arrangement, as financial assets, financial liabilities or equity instruments. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities. Where shares are issued, any component that creates a financial liability of the company is presented as a liability in the balance sheet. The corresponding dividends relating to the liability component are charged as interest expense in the profit and loss account.

Page 2

Arntin Limited
Notes to the Abbreviated Accounts for the Year Ended 30 November 2014
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 December 2013		1,855,519			1,855,519
At 30 November 2014		1,855,519			1,855,519
Depreciation
At 30 November 2014		-			-
Net book value
At 30 November 2014		1,855,519			1,855,519
At 30 November 2013		1,855,519			1,855,519

3	Share capital

Allotted, called up and fully paid shares

	30 November 2014						30 November 2013
		No.			£			No.			£
Ordinary shares of £1 each		2			2			2			2
Redeemable Preference Shares of £1 each		1,830,482			1,830,482			1,830,482			1,830,482
		1,830,484			1,830,484			1,830,484			1,830,484

Redeemable preference shares

The Redeemable Preference Shares are redeemable at the option of the company. They are redeemable at £1 per share and carry full voting rights.

Page 3