AP ASSET MANAGEMENT LIMITED
REGISTERED NUMBER:
08494513
ABBREVIATED BALANCE SHEET
AS AT
30 APRIL 2015
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CREDITORS:
amounts falling due within one year
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For the year ending 30 April 2015 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 ("the Act") relating to small companies.
Director's responsibilities:
 
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The members have not required the company to obtain an audit of its financial statements for the year in question in accordance with section 476;
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The director acknowledges his responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of financial statements.
 
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The abbreviated accounts, which have been prepared in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006, were approved and authorised for issue by the board and were signed on its behalf
20 January 2016
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The notes on page 2 form part of these financial statements.
Page 1
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AP ASSET MANAGEMENT LIMITED
NOTES TO THE ABBREVIATED ACCOUNTS
FOR THE YEAR ENDED 30 APRIL 2015
1.
ACCOUNTING POLICIES
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Basis of preparation of financial statements
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The full financial statements, from which these abbreviated accounts have been extracted, have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008)
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Investments held as fixed assets are shown at cost less provision for impairment.
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Income from participating interest
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Income from participating interests comprises of the company's profit share entitlement from its membership of a limited liability partnership carrying out a trade of property development and rent.
The profit share is recognised when allocated by the LLP.
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2.
FIXED ASSET INVESTMENTS
3.
CREDITORS:
Amounts falling due within one year
The £3,428,000 bank loan is secured by a personal guarantee from the director, Mr A M Pitts.
4.
SHARE CAPITAL
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Allotted, called up and fully paid
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Page 2
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