Aspley Hall Estate Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 00303853 (England and Wales)

Abbreviated Accounts

for the Year Ended 31 March 2016

for

Aspley Hall Estate Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTORS:

Mrs D M Mitchell

T W F Potter

T Garratt

REGISTERED OFFICE:

The Mills

Canal Street

Derby

DE1 2RJ

REGISTERED NUMBER:

00303853 (England and Wales)

ACCOUNTANTS:

Bates Weston LLP

Chartered Accountants

The Mills

Canal Street

Derby

DE1 2RJ

BANKERS:

Lloyds TSB Bank PLC

Old Market Square

Nottingham

NG1 6FD

FIXED ASSETS

Investments

2

4,768,349

4,993,836

Investment property

3

-

300,000

4,768,349

5,293,836

CURRENT ASSETS

Stocks

-

759,796

Debtors

96,482

21,629

Cash at bank

308,653

534,928

405,135

1,316,353

CREDITORS

Amounts falling due within one year

315,305

802,362

NET CURRENT ASSETS

89,830

513,991

TOTAL ASSETS LESS CURRENT
LIABILITIES

4,858,179

5,807,827

CAPITAL AND RESERVES

Called up share capital

4

13,675

18,300

Revaluation reserve

-

98,392

Capital redemption reserve

4,625

-

Profit and loss account

4,839,879

5,691,135

SHAREHOLDERS' FUNDS

4,858,179

5,807,827

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2016 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 25 November 2016 and were signed on
its behalf by:

T W F Potter - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective January 2015).

Turnover

Turnover is the value of property sales, rents receivable and net business partnership income.

Investment property

Investment property is not depreciated but is revalued annually at its market value in accordance with

the Financial Reporting Standard for Smaller Entities (effective January 2015). This is contrary to the

Companies Act 2006, which requires all fixed assets to be depreciated, but is necessary for the

financial statements to show a true and fair view. Any aggregate surplus or deficit arising from changes

in market value is transferred to a revaluation reserve. The effect of the departure is shown in the

notes.

Stocks

Properties held for resale are classified as trading stock and are valued at the lower of cost and net

realisable value.

Deferred tax

Provision is made at current rates for taxation deferred in respect of all material timing differences.

Pension costs and other post-retirement benefits

The company operates a self administered scheme for the directors. Contributions payable for the year

are charged in the profit and loss account.

Fixed asset investments

Fixed asset investments are stated at the lower of their purchase price and net realisable value. The

purchase price is inclusive of any incidental costs of their acquisition. Net revenue profits earned from

the business trading partnership are reinvested.

2.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 April 2015

4,993,836

Additions

131,449

Disposals

(356,936

)

At 31 March 2016

4,768,349

NET BOOK VALUE

At 31 March 2016

4,768,349

At 31 March 2015

4,993,836

3.	INVESTMENT PROPERTY

Total

£

COST

At 1 April 2015

300,000

Disposals

(300,000

)

At 31 March 2016

-

NET BOOK VALUE

At 31 March 2016

-

At 31 March 2015

300,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

13,675

Ordinary

£1

13,675

18,300

(2015 - 18,300
)