Registered number
Fitzalan Asset Management Limited
Abbreviated Accounts
31 March 2016
Fitzalan Asset Management Limited
Registered number: 05397367
Abbreviated Balance Sheet
as at 31 March 2016
Notes 2016 2015
£ £
Current assets
Debtors 726,987 726,988
Cash at bank and in hand - 40
726,987 727,028
Creditors: amounts falling due within one year (980,472) (980,473)
Net current liabilities (253,485) (253,445)
Net liabilities (253,485) (253,445)
Capital and reserves
Called up share capital 2 2 2
Profit and loss account (253,487) (253,447)
Shareholders' funds (253,485) (253,445)
The directors are satisfied that the company is entitled to exemption from the requirement to obtain an audit under section 477 of the Companies Act 2006.
The members have not required the company to obtain an audit in accordance with section 476 of the Act.
The directors acknowledge their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of accounts.
The accounts have been prepared in accordance with the provisions in Part 15 of the Companies Act 2006 applicable to companies subject to the small companies regime.
A.K. Barber
Approved by the board on 31 January 2017
Fitzalan Asset Management Limited
Notes to the Abbreviated Accounts
for the year ended 31 March 2016
1 Accounting policies
Basis of preparation
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective January 2015).
Turnover represents the value, net of value added tax and discounts, of goods provided to customers and work carried out in respect of services provided to customers.
Foreign currencies
Transactions in foreign currencies are recorded at the rate ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are translated at the rate of exchange ruling at the balance sheet date. All differences are taken to the profit and loss account.
2 Share capital Nominal 2016 2016 2015
value Number £ £
Allotted, called up and fully paid:
Ordinary shares £1 each 2 2 2
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