Abbreviated Company Accounts - AGGMORE COMMERCIAL PROPERTIES LIMITED
Abbreviated Company Accounts - AGGMORE COMMERCIAL PROPERTIES LIMITED
Registered Number 03504792
AGGMORE COMMERCIAL PROPERTIES LIMITED
Abbreviated Accounts
31 July 2015
AGGMORE COMMERCIAL PROPERTIES LIMITED Registered Number 03504792
Abbreviated Balance Sheet as at 31 July 2015
Notes | 31/07/2015 | 31/01/2014 | |
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£ | £ | ||
Fixed assets | |||
Tangible assets | 2 |
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Current assets | |||
Debtors |
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Creditors: amounts falling due within one year |
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Net current assets (liabilities) |
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Total assets less current liabilities |
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Creditors: amounts falling due after more than one year |
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Total net assets (liabilities) |
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Capital and reserves | |||
Called up share capital | 3 |
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Revaluation reserve |
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Profit and loss account |
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Shareholders' funds |
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For the year ending 31 July 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
And signed on their behalf by:
AGGMORE COMMERCIAL PROPERTIES LIMITED Registered Number 03504792
Notes to the Abbreviated Accounts for the period ended 31 July 2015
1Accounting Policies
Basis of measurement and preparation of accounts
The financial statements are prepared under the historical cost convention modified to include the revaluation of freehold land and buildings.
The company's status as a going concern is dependent on the continuing support of its parent company. The Director believes it is appropriate to prepare the accounts on a going concern basis.
The company has taken advantage of the exemption in Financial Reporting Standard No 1 from the requirement to produce a cash flow statement on the grounds that it is a small company.
Revenue recognition
Turnover represents the invoiced value of rent received net of VAT.
Tangible assets depreciation policy
Other accounting policies
Deferred tax is provided in full on timing differences which result in an obligation at the balance sheet date to pay more tax, or a
right to pay less tax, at a future date, at rates expected to apply when they crystallise based on current tax rates and law. Timing differences arise from the inclusion of items of income and expenditure in taxation computations in periods different from those in which they are included in the accounts. Deferred tax is not provided on timing differences arising from the revaluation of fixed assets where there is no commitment to sell the assets. Deferred tax assets are recognised to the extent that it is regarded as more likely than not that they will be recovered. Deferred tax assets and liabilities are not discounted.
£ | |
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Cost | |
At 1 February 2014 |
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Additions |
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Disposals |
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Revaluations |
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Transfers |
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At 31 July 2015 |
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Depreciation | |
At 1 February 2014 |
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Charge for the year |
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On disposals |
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At 31 July 2015 |
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Net book values | |
At 31 July 2015 | 2,735,000 |
At 31 January 2014 | 2,735,000 |