Asgard Property Development Limited - Period Ending 2016-08-31
Asgard Property Development Limited - Period Ending 2016-08-31
Registration number:
Unaudited Abbreviated Accounts
for the Year Ended
Asgard Property Development Limited
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The following reproduces the text of the accountants' report in respect of the company's annual financial statements, from which the abbreviated accounts (set out on pages 2 to 3) have been prepared.
Chartered Accountants' Report to the Board of Directors on the Preparation of the Unaudited Statutory Accounts of
Asgard Property Development Limited
for the Year Ended 31 August 2016
In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the accounts of Asgard Property Development Limited for the year ended 31 August 2016 set out on pages from the company's accounting records and from information and explanations you have given us.
As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject to its ethical and other professional requirements which are detailed at http://www.icaew.com/en/members/regulations-standards-and-guidance/.
This report is made solely to the Board of Directors of Asgard Property Development Limited, as a body, in accordance with the terms of our engagement letter. Our work has been undertaken solely to prepare for your approval the accounts of Asgard Property Development Limited and state those matters that we have agreed to state to them, as a body, in this report in accordance with ICAEW Technical Release 07/16 AAF. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than Asgard Property Development Limited and its Board of Directors as a body for our work or for this report.
It is your duty to ensure that Asgard Property Development Limited has kept adequate accounting records and to prepare statutory accounts that give a true and fair view of the assets, liabilities, financial position and profit of Asgard Property Development Limited. You consider that Asgard Property Development Limited is exempt from the statutory audit requirement for the year.
We have not been instructed to carry out an audit or a review of the accounts of Asgard Property Development Limited. For this reason, we have not verified the accuracy or completeness of the accounting records or information and explanations you have given to us and we do not, therefore, express any opinion on the statutory accounts.
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James Worley & Sons
Chartered Accountants
9 Bridle Close
Surbiton Road
Kingston Upon Thames
Surrey
KT1 2JW
31 May 2017
Asgard Property Development Limited
(Registration number: 05203268)
Abbreviated Balance Sheet at 31 August 2016
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2016
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2015
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Current assets |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
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Net liabilities |
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Capital and reserves |
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Called up share capital |
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Profit and loss account |
( |
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Shareholders' deficit |
( |
( |
Approved by the Board on
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Mr Kevin Mitchell
Director
2
Asgard Property Development Limited
Notes to the Abbreviated Accounts for the Year Ended 31 August 2016
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Accounting policies |
Basis of preparation
Going concern
The financial statements have been prepared on a going concern basis in view of the financial support provided by the directors by way of loans to the company. The directors have agreed not to seek repayment of the loans provided to the company until other creditors have been settled.
Turnover
Financial instruments
Share capital |
Allotted, called up and fully paid shares
2016 |
2015 |
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No. |
£ |
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Control |
The company is controlled by