Arley Green Limited - Period Ending 2016-03-31

Registration number: 07199730

Arley Green Limited

Unaudited Abbreviated Accounts

for the Year Ended 31 March 2016
 

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

Arley Green Limited
Contents

Abbreviated Balance Sheet 1

Notes to the Abbreviated Accounts 2 to 3

Arley Green Limited
(Registration number: 07199730)
Abbreviated Balance Sheet at 31 March 2016

		Note			2016 £			2015 £
Fixed assets
Tangible fixed assets					385,888			448,427
Current assets
Debtors					2,423			-
Cash at bank and in hand					4,585			3,780
					7,008			3,780
Creditors: Amounts falling due within one year					(176,639)			(89,203)
Net current liabilities					(169,631)			(85,423)
Net assets					216,257			363,004
Capital and reserves
Called up share capital		3			253,468			353,834
Profit and loss account					(37,211)			9,170
Shareholders' funds					216,257			363,004

For the year ending 31 March 2016 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 31 December 2016 and signed on its behalf by:

.........................................
Mr Derek Imeson
Director

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

Arley Green Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... 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 January 2015).

Going concern

The financial statements have been prepared on a going concern basis.

Turnover

Turnover (shown as other operating income) represents the amount receivable in respect of property rental.

Depreciation

Depreciation is provided on tangible fixed assets so as to write off the cost or valuation, less any estimated residual value, over their expected useful economic life

Asset class	Depreciation method and rate
Investment 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 amortissation 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

Transactions in foreign currencies are recorded at the exchange rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated at the closing rates at the balance sheet date. All exchange differences are included 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

Arley Green Limited
Notes to the Abbreviated Accounts for the Year Ended 31 March 2016
......... continued

2	Fixed assets

		Tangible assets £			Total £
Cost
At 1 April 2015		448,427			448,427
Additions		115,079			115,079
Disposals		(177,618)			(177,618)
At 31 March 2016		385,888			385,888
Depreciation
At 31 March 2016		-			-
Net book value
At 31 March 2016		385,888			385,888
At 31 March 2015		448,427			448,427

3	Share capital

Allotted, called up and fully paid shares

	2016						2015
		No.			£			No.			£
Ordinary Shares of £1 each		2			2			2			2
Redeemable Preference Shares of £1 each		253,466			253,466			353,832			353,832
		253,468			253,468			353,834			353,834

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.

4

Control

The company is controlled by neither shareholder as they each own 50% of the shares, there is no ultimate control.

Page 3