Abbreviated Company Accounts - A.E. MAIDEN ESTATES LIMITED

A.E. MAIDEN ESTATES LIMITED - Company Information

03274898 A.E. MAIDEN ESTATES LIMITED 2014-06-30 false 2013-07-01 2014-06-30 true 03274898 2013-07-01 2014-06-30 03274898 2014-06-30 03274898 2013-06-30 03274898 uk-gaap-cd-bus:Director1 2013-07-01 2014-06-30 03274898 uk-gaap-cd-bus:Director2 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-07-01 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2014-06-30 uk-gaap-cd-bus:OrdinaryShareClass1 2013-06-30 iso4217:GBP shares

Registered Number 03274898

A.E. MAIDEN ESTATES LIMITED

Abbreviated Accounts

30 June 2014

A.E. MAIDEN ESTATES LIMITED Registered Number 03274898

Abbreviated Balance Sheet as at 30 June 2014

	Notes	2014	2013
		£	£
Fixed assets
Tangible assets	2	1,360,000	1,360,000
Investments	3	823,308	819,083
		2,183,308	2,179,083
Current assets
Debtors		1,982,921	1,920,607
Cash at bank and in hand		113,180	103,957
		2,096,101	2,024,564
Creditors: amounts falling due within one year		(259,761)	(265,854)
Net current assets (liabilities)		1,836,340	1,758,710
Total assets less current liabilities		4,019,648	3,937,793
Creditors: amounts falling due after more than one year		(652,134)	(748,403)
Total net assets (liabilities)		3,367,514	3,189,390
Capital and reserves
Called up share capital	4	100	100
Revaluation reserve		107,588	107,588
Profit and loss account		3,259,826	3,081,702
Shareholders' funds		3,367,514	3,189,390

For the year ending 30 June 2014 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 17 October 2014

And signed on their behalf by:
S Chauhan, Director

A.E. MAIDEN ESTATES LIMITED Registered Number 03274898

Notes to the Abbreviated Accounts for the period ended 30 June 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover comprises the value of rents, premiums and ground rents receivable and completed sale of
property by the company net of Value Added Tax.

Tangible assets depreciation policy
In accordance with FRSSE, investment properties are valued annually and the aggregate surplus or deficit is transferred to revaluation reserve, except where a deficit on an individual investment property is expected to be permanent in which case it is charged (or credited, where a deficit is reversed) to the profit and loss account of the period. No depreciation is provided in respect of investment properties.

The Companies Act requires all properties to be depreciated. However, this requirement conflicts
with the generally accepted accounting principle set out in the FRSSE. The directors consider that,
because these properties are not held for consumption, but for their investment potential, to
depreciate them would not give a true and fair view and that it is necessary to adopt the
requirements of the FRSSE in order to give a true and fair view.

If this departure from the Act had not been made, the profit for the financial year would have been
reduced by depreciation. However, the amount of depreciation cannot reasonably be quantified,
because depreciation is only one of many factors reflected in the annual valuation and the amount
which might otherwise have been shown cannot be separately identified or quantified.

2Tangible fixed assets

	£
Cost
At 1 July 2013	1,360,000
Additions	-
Disposals	-
Revaluations	-
Transfers	-
At 30 June 2014	1,360,000
Depreciation
At 1 July 2013	-
Charge for the year	-
On disposals	-
At 30 June 2014	-
Net book values
At 30 June 2014	1,360,000
At 30 June 2013	1,360,000

3Fixed assets Investments
Investments comprises of listed investments and are stated at cost less provision for permanent diminution in value.

4Called Up Share Capital
Allotted, called up and fully paid:

	2014 £	2013 £
100 Ordinary shares of £1 each	100	100