Aldenspring Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03356127 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2016

FOR

ALDENSPRING LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

Mr A L Charalambous

SECRETARY:

Mr A Lambrou

REGISTERED OFFICE:

4a Woodlands Park Road

South Tottenham

London

N15 3RS

REGISTERED NUMBER:

03356127 (England and Wales)

ACCOUNTANTS:

Freemans Partnership LLP

Chartered Certified Accountants

Solar House

282 Chase Road

London

N14 6NZ

FIXED ASSETS

Tangible assets

2

1,676

1,494

Investment property

3

1,417,995

1,350,000

1,419,671

1,351,494

CURRENT ASSETS

Debtors

488,741

462,386

Cash at bank

15,256

164,322

503,997

626,708

CREDITORS

Amounts falling due within one year

86,957

115,070

NET CURRENT ASSETS

417,040

511,638

TOTAL ASSETS LESS CURRENT
LIABILITIES

1,836,711

1,863,132

CREDITORS

Amounts falling due after more than one
year

794,332

808,000

NET ASSETS

1,042,379

1,055,132

CAPITAL AND RESERVES

Called up share capital

4

100

Revaluation reserve

1,006,416

Profit and loss account

35,863

48,616

SHAREHOLDERS' FUNDS

1,042,379

1,055,132

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2016.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2016 in accordance with Section 476 of the Companies Act 2006.

The director acknowledges his 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 director on 24 January 2017 and were signed by:

Mr A L Charalambous - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention as modified by the revaluation

of certain assets and in accordance with the Financial Reporting Standard for Smaller Entities (effective January

2015).

Turnover

Turnover represents rents receivable.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off the cost less estimated residual value of each asset over its estimated useful life.

Fixtures and fittings

-

20% on reducing balance

Investment property

Investment properties are revalued annually at their open market value in accordance with FRSSE (effective

April 2008). The surplus or deficit on revaluation is transferred to a revaluation reserve except where the deficit

reduces the property below its historical cost, in which case it is taken to the profit and loss account.

No depreciation is provided on investment properties which is a departure from the requirements of the

Companies Act 2006. In the opinion of the directors,these properties are held primarily for their investment

potential and so their current value is of more significance than any measure of consumption and to depreciate

them would not give a true and fair view. The provisions of the FRSSE (effective April 2008) in respect of

investment properties have therefore been adopted in order to give a true and fair view. If this departure from the

Act had not been made,the (profit/loss) for the year would have been reduced by depreciation.

However, the amount of depreciation cannot reasonably be quantified and the amount which might otherwise

have been shown cannot be separately identified or quantified.

The valuation as at 30 April 2016 was carried out by the director.The basis of valuation was market value subject

to existing tenancies where applicable or vacant possession where applicable.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date.

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 May 2015

2,621

Additions

600

At 30 April 2016

3,221

DEPRECIATION

At 1 May 2015

1,127

Charge for year

418

At 30 April 2016

1,545

NET BOOK VALUE

At 30 April 2016

1,676

At 30 April 2015

1,494

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 May 2015

1,350,000

Additions

67,995

At 30 April 2016

1,417,995

NET BOOK VALUE

At 30 April 2016

1,417,995

At 30 April 2015

1,350,000

4.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

30.4.16

30.4.15

value:

£

100

Ordinary

£1

100