REGISTERED NUMBER:
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ANGELVIEW LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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REGISTERED NUMBER:
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ANGELVIEW LIMITED |
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ABBREVIATED UNAUDITED ACCOUNTS |
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FOR THE YEAR ENDED 31 MARCH 2016 |
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ANGELVIEW LIMITED (REGISTERED NUMBER: 01732463) |
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CONTENTS OF THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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Page |
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Company Information | 1 |
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Abbreviated Balance Sheet | 2 |
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Notes to the Abbreviated Accounts | 4 |
ANGELVIEW LIMITED |
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COMPANY INFORMATION |
FOR THE YEAR ENDED 31 MARCH 2016 |
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DIRECTORS: |
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REGISTERED OFFICE: |
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REGISTERED NUMBER: |
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ACCOUNTANTS: |
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Chartered Certified Accountants |
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ANGELVIEW LIMITED (REGISTERED NUMBER: 01732463) |
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ABBREVIATED BALANCE SHEET |
31 MARCH 2016 |
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2016 | 2015 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
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 CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT
LIABILITIES |
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CAPITAL AND RESERVES |
Called up share capital | 4 |
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Revaluation reserve |
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Profit and loss account |
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SHAREHOLDERS' FUNDS |
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The directors acknowledge their 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. |
ANGELVIEW LIMITED (REGISTERED NUMBER: 01732463) |
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ABBREVIATED BALANCE SHEET - continued |
31 MARCH 2016 |
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The financial statements were approved by the Board of Directors on
by: |
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ANGELVIEW LIMITED (REGISTERED NUMBER: 01732463) |
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NOTES TO THE ABBREVIATED ACCOUNTS |
FOR THE YEAR ENDED 31 MARCH 2016 |
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1. | ACCOUNTING POLICIES |
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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). |
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Turnover |
Turnover represents the net rents receivable, excluding value added tax. Turnover is recognised when rent |
becomes due under the lease agreement. |
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Tangible fixed assets |
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Computer equipment | - |
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Investment property |
The company's investment properties are held for long term investment and are included in the balance sheet at |
their open market values. No depreciation is provided in respect of freehold and long leasehold investment |
properties. An investment property on short leasehold where the remaining life is less than 20 years is mortised |
over the life of the lease. |
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This policy represents a departure from statutory accounting principles, which require depreciation to be |
provided on all fixed assets. The directors consider that this policy is necessary in order that the accounts may |
give a true and fair view because current values and changes in current values are of prime importance rather |
than the calculation of systematic annual depreciation. Depreciation is only one of many factors reflected in the |
valuation and the amount which might otherwise have been shown, cannot be separately identified or quantified. |
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The surplus(es) or deficit(s) on revaluation of such properties are transferred to revaluation reserve, apart from |
when the revaluation is below the original cost and in the opinion of the directors the diminution in value is of a |
permanent nature which is charged to the profit and loss account. On the disposal of a revalued fixed asset, any |
related balances in the revaluation reserve are transferred to the profit and loss account as a movement in |
reserves. |
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Deferred tax |
The charge for taxation takes into account taxation deferred as a result of timing differences between the |
treatment of certain item for taxation and accounting purposes. In general, deferred tax is recognised in respect |
of all timing differences that have originated but not reversed at the balance sheet date. |
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However, deferred tax assets are recognised only to the extent that the directors consider that it is more likely |
than not that there will be suitable taxable profits from which the future reversal of the underlying timing |
differences can be deducted. Deferred taxation is measured on a non-discounted basis at the tax rates that are |
expected to apply in the periods in which the timing differences reverse, based on tax rates and laws enacted or |
substantively enacted at the balance sheet date. |
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No provision has been made for deferred tax arising on the revaluation of the Investment properties. An amount |
would become liable in the event of the properties being sold, but there are no plans to sell in the foreseeable |
future. |
ANGELVIEW LIMITED (REGISTERED NUMBER: 01732463) |
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NOTES TO THE ABBREVIATED ACCOUNTS - continued |
FOR THE YEAR ENDED 31 MARCH 2016 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 April 2015 |
and 31 March 2016 |
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DEPRECIATION |
At 1 April 2015 |
and 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 April 2015 |
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Revaluations |
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At 31 March 2016 |
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NET BOOK VALUE |
At 31 March 2016 |
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At 31 March 2015 |
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4. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 2016 | 2015 |
value: | £ | £ |
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Ordinary | £1 |
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5. | UNPROVIDED DEFERRED TAX |
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No provision has been made for deferred taxation in relation to the freehold property as the director does not |
envisage the sale of the property in the foreseeable future. |
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The deferred tax that would be due on a future sale of the company's assets is calculated as £nil (2015: £nil) as at |
the year end. |