REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 April 2015 |
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for |
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Acre 296 LTD |
REGISTERED NUMBER:
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Abbreviated Unaudited Accounts |
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for the Year Ended 30 April 2015 |
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for |
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Acre 296 LTD |
Acre 296 LTD (Registered number: 03795107) |
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Contents of the Abbreviated Accounts |
for the Year Ended 30 April 2015 |
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Page |
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Abbreviated Balance Sheet | 1 |
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Notes to the Abbreviated Accounts | 3 |
Acre 296 LTD (Registered number: 03795107) |
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Abbreviated Balance Sheet |
30 April 2015 |
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30.4.15 | 30.4.14 |
Notes | £ | £ | £ | £ |
FIXED ASSETS |
Tangible assets | 2 |
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Investment property | 3 |
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CURRENT ASSETS |
Debtors | 4 |
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Cash at bank |
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CREDITORS |
Amounts falling due within one year | 5 |
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NET CURRENT LIABILITIES | ( |
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TOTAL ASSETS LESS CURRENT LIABILITIES |
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CREDITORS |
Amounts falling due after more than one
year |
5 |
( |
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( |
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PROVISIONS FOR LIABILITIES | ( |
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NET ASSETS |
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CAPITAL AND RESERVES |
Called up share capital | 6 |
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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 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. |
Acre 296 LTD (Registered number: 03795107) |
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Abbreviated Balance Sheet - continued |
30 April 2015 |
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The financial statements were approved by the director on
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Acre 296 LTD (Registered number: 03795107) |
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Notes to the Abbreviated Accounts |
for the Year Ended 30 April 2015 |
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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 April 2008). |
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Rental income |
Rental income is accounted for on a time basis, by reference to the agreements entered into. |
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Tangible fixed assets |
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Computer Equipment | - |
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Kitchen equipment | - |
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Fixtures, fittings and equipment | - |
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Security equipment | - |
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Office equipment | - |
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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. |
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In accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008) no depreciation |
is provided in respect of freehold properties held as investments. This is a departure from the requirements of |
the Companies Act 2006 which requires all properties to be depreciated. Such properties are held for |
investment and not for consumption and the director considers that to depreciate them would not give a true |
and fair view. Depreciation is only one of the many elements reflected in the annual valuation of properties |
and accordingly the amount of depreciation which might otherwise have been charged cannot be separately |
identified or quantified. The director considers that this policy results in the financial statements giving a true |
and fair view. |
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Deferred tax |
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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Dilapidation |
Monies receivable from tenants in respect of dilapidation will be matched against expenditure incurred by the |
company in that respect. Where the director considers that there are specific circumstances whereby the |
sums receivable are considered to be effectively a compensation for lost rent in respect of a lease for a future |
term, such monies received and not incurred against particular dilapidation expenditure will be treated as |
deferred income to be released to the profit and loss account over the term of the lease. |
Acre 296 LTD (Registered number: 03795107) |
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Notes to the Abbreviated Accounts - continued |
for the Year Ended 30 April 2015 |
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2. | TANGIBLE FIXED ASSETS |
Total |
£ |
COST |
At 1 May 2014 |
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Disposals - Premises | ( |
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At 30 April 2015 |
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DEPRECIATION |
At 1 May 2014 |
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Charge for year |
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Elimin on Disp - Premises | ( |
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At 30 April 2015 |
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NET BOOK VALUE |
At 30 April 2015 |
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At 30 April 2014 |
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3. | INVESTMENT PROPERTY |
Total |
£ |
COST OR VALUATION |
At 1 May 2014 |
and 30 April 2015 |
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NET BOOK VALUE |
At 30 April 2015 |
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At 30 April 2014 |
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4. | DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR |
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The aggregate total of debtors falling due after more than one year is £
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5. | CREDITORS |
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Creditors include an amount of £
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They also include the following debts falling due in more than five years: |
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30.4.15 | 30.4.14 |
£ | £ |
Repayable by instalments | 404,718 | 436,527 |
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6. | CALLED UP SHARE CAPITAL |
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Allotted, issued and fully paid: |
Number: | Class: | Nominal | 30.4.15 | 30.4.14 |
value: | £ | £ |
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Ordinary Shares | £1 |
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