Assetload Limited - Abbreviated accounts 16.3

REGISTERED NUMBER: 03273006 (England and Wales)

Abbreviated Unaudited Accounts

for the Year Ended 30 November 2016

for

Assetload Limited

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

DIRECTOR:

P I H Pressland

SECRETARY:

REGISTERED OFFICE:

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

REGISTERED NUMBER:

03273006 (England and Wales)

ACCOUNTANTS:

Wheeler & Co Ltd

Chartered Accountants

The Shrubbery

14 Church Street

Whitchurch

Hampshire

RG28 7AB

FIXED ASSETS

Tangible assets

2

7,500

-

Investment property

3

4,575,905

5,505,194

4,583,405

5,505,194

CURRENT ASSETS

Stocks

492,842

Debtors

1,395,675

892,921

Cash at bank

31,345

29,291

1,919,862

1,415,054

CREDITORS

Amounts falling due within one year

4

252,965

290,491

NET CURRENT ASSETS

1,666,897

1,124,563

TOTAL ASSETS LESS CURRENT
LIABILITIES

6,250,302

6,629,757

CREDITORS

Amounts falling due after more than one
year

4

5,350,140

5,838,250

NET ASSETS

900,162

791,507

CAPITAL AND RESERVES

Called up share capital

5

2

Revaluation reserve

531,491

Profit and loss account

368,669

260,014

SHAREHOLDERS' FUNDS

900,162

791,507

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

The members have not required the company to obtain an audit of its financial statements for the year ended 30 November 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 30 August 2017 and were signed by:

P I H Pressland - 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 net invoiced rent and property sales excluding value added tax

Tangible fixed assets

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

Plant and machinery etc

-

25% on reducing balance

Investment property

Investment property is shown at most recent valuation. Any aggregate surplus or deficit arising from changes in

market value is transferred to a revaluation reserve.

Stocks

Stocks are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow

moving items.

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 December 2015

3,850

Additions

10,000

At 30 November 2016

13,850

DEPRECIATION

At 1 December 2015

3,850

Charge for year

2,500

At 30 November 2016

6,350

NET BOOK VALUE

At 30 November 2016

7,500

At 30 November 2015

-

3.	INVESTMENT PROPERTY

Total

£

COST OR VALUATION

At 1 December 2015

5,505,194

Additions

115,152

Disposals

(1,044,441

)

At 30 November 2016

4,575,905

NET BOOK VALUE

At 30 November 2016

4,575,905

At 30 November 2015

5,505,194

4.

CREDITORS

Creditors include an amount of £ 3,537,228 (2015 - £ 3,682,964 ) for which security has been given.

They also include the following debts falling due in more than five years:

2016

2015

£

Repayable by instalments

3,027,079

3,172,815

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2016

2015

value:

£

2

Ordinary

£1

2