Company Registration No. 05972286 (England and Wales)
AD HOC INVESTMENTS LIMITED
UNAUDITED ABBREVIATED FINANCIAL STATEMENTS
FOR THE YEAR ENDED 31 OCTOBER 2015
AD HOC INVESTMENTS LIMITED
CONTENTS
Page
Abbreviated balance sheet
1
Notes to the abbreviated accounts
2 - 3
AD HOC INVESTMENTS LIMITED
ABBREVIATED BALANCE SHEET - UNAUDITED
AS AT
31 OCTOBER 2015
31 October 2015
- 1 -
2015
2014
Notes
£
£
£
£
Fixed assets
Tangible assets
2
239,919
239,919
Investments
2
255,000
270,000
494,919
509,919
Current assets
Debtors
6,549
20,341
Cash at bank and in hand
9,564
29,896
16,113
50,237
Creditors: amounts falling due within one year
(548,924)
(600,987)
Net current liabilities
(532,811)
(550,750)
(37,892)
(40,831)
Capital and reserves
Called up share capital
3
300,002
300,002
Profit and loss account
(337,894)
(340,833)
Shareholders' funds
(37,892)
(40,831)
For the financial year ended 31 October 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
-
The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
-
The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
These abbreviated financial statements have been prepared in accordance with the provisions applicable to companies subject to the small companies' regime.
Approved by the Board for issue on 16 May 2016
Mrs C E A Williams
Director
Company Registration No. 05972286
AD HOC INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED
FOR THE YEAR ENDED 31 OCTOBER 2015
- 2 -
1
Accounting policies
1.1
Accounting convention
The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).
1.2
Turnover
Turnover represents amounts receivable for rental income. The turnover and loss before taxation are attributable to the one principal activity of the company - all of which arises in the United Kingdom.
1.3
Tangible fixed assets and depreciation
In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation is provided in respect of freehold properties held as investments. This is a departure from the requirements of the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for investment and not for consumption and the directors consider that to depreciate them would not give a true and fair view. Investment properties are included at cost at the balance sheet date. The directors consider that this policy results in the accounts giving a true and fair view.
1.4
Investments
Listed investments are included at cost.
1.5
Deferred taxation
Deferred taxation is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes. The deferred tax balance has not been discounted.
2
Fixed assets
Tangible assets
Investments
Total
£
£
£
Cost
At 1 November 2014
239,919
270,000
509,919
Disposals
-
(15,000)
(15,000)
At 31 October 2015
239,919
255,000
494,919
At 31 October 2014
239,919
270,000
509,919
3
Share capital
2015
2014
£
£
Allotted, called up and fully paid
2 'A' Ordinary of £1 each
2
2
300,000 'B' Ordinary of £1 each
300,000
300,000
300,002
300,002
AD HOC INVESTMENTS LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS - UNAUDITED (CONTINUED)
FOR THE YEAR ENDED 31 OCTOBER 2015
- 3 -
4
Related party relationships and transactions
Advances and credits to directors
Advances and credits granted to the directors during the year are outlined in the table below:
% Rate
Opening Balance
Amounts Advanced
Interest Charged
Amounts Repaid
Closing Balance
£
£
£
£
£
Mr A N V Williams
-
14,445
-
14,445
14,445
-
-
14,445
-
This was an interest free loan to the director which was repaid during the year.
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