Abbreviated Company Accounts - AHNA PROPERTY COMPANY LIMITED

Abbreviated Company Accounts - AHNA PROPERTY COMPANY LIMITED

AHNA PROPERTY COMPANY LIMITED - Company Information

Print Friendly Version

Registered Number 09192683

AHNA PROPERTY COMPANY LIMITED

Abbreviated Accounts

31 August 2015

AHNA PROPERTY COMPANY LIMITED Registered Number 09192683

Abbreviated Balance Sheet as at 31 August 2015

Notes 2015
£
Fixed assets
Tangible assets 2 708,189
708,189
Current assets
Cash at bank and in hand 20,537
20,537
Creditors: amounts falling due within one year (727,875)
Net current assets (liabilities) (707,338)
Total assets less current liabilities 851
Total net assets (liabilities) 851
Capital and reserves
Called up share capital 3 10,000
Profit and loss account (9,149)
Shareholders' funds 851
  • For the year ending 31 August 2015 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 directors acknowledge their 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 Board on 17 May 2016

And signed on their behalf by:
T B James, Director

AHNA PROPERTY COMPANY LIMITED Registered Number 09192683

Notes to the Abbreviated Accounts for the period ended 31 August 2015

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Valuation information and policy
Investment properties

Investment properties are shown at their open market value. The surplus or deficit arising from the annual revaluation is transferred to the investment revaluation reserve unless a deficit, 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 is in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) which, unlike the Companies Act 2006, does not require depreciation of investment properties. Investment properties are held for their investment potential and not for use by the company and so their current value is of prime importance. The departure from the provisions of the Act is required in order to give a true and fair view.

Other accounting policies
Foreign currencies

Assets and liabilities in foreign currencies are translated into sterling at the rates of exchange ruling at the balance sheet date. Transactions in foreign currencies are translated into sterling at the rate of exchange ruling at the date of the transaction. Exchange differences are taken into account in arriving at the operating profit.

2Tangible fixed assets
£
Cost
Additions 708,189
Disposals -
Revaluations -
Transfers -
At 31 August 2015 708,189
Depreciation
Charge for the year -
On disposals -
At 31 August 2015 -
Net book values
At 31 August 2015 708,189

The market value of the freehold investment property at 31 August 2015, as assessed by the director, is considered to be approximately the same as its cost and therefore no revaluation adjustments have been made in this respect.

3Called Up Share Capital
Allotted, called up and fully paid:
2015
£
10,000 Ordinary shares of £1 each 10,000

On 29 August 2014 the company issued 10,000 ordinary shares of £1 each at par.