Ascotvale Limited 02776049 false 2016-04-01 2017-03-31 2017-03-31 The principal activity of the company is that of a dormant company. Digita Accounts Production Advanced 6.20.8420.1 Software true 02776049 2016-04-01 2017-03-31 02776049 2017-03-31 02776049 core:RetainedEarningsAccumulatedLosses 2017-03-31 02776049 core:ShareCapital 2017-03-31 02776049 bus:SmallEntities 2016-04-01 2017-03-31 02776049 bus:AuditExemptWithAccountantsReport 2016-04-01 2017-03-31 02776049 bus:FullAccounts 2016-04-01 2017-03-31 02776049 bus:RegisteredOffice 2016-04-01 2017-03-31 02776049 bus:Director3 2016-04-01 2017-03-31 02776049 bus:PrivateLimitedCompanyLtd 2016-04-01 2017-03-31 02776049 countries:AllCountries 2016-04-01 2017-03-31 02776049 2016-03-31 02776049 core:RetainedEarningsAccumulatedLosses 2016-03-31 02776049 core:ShareCapital 2016-03-31 iso4217:GBP

Ascotvale Limited

Annual Report and Unaudited Financial Statements
Year Ended 31 March 2017

Registration number: 02776049

 

Ascotvale Limited

Contents

Balance Sheet

1 to 2

Notes to the Financial Statements

3 to 4

 

Ascotvale Limited

Balance Sheet

31 March 2017

Note

2017
£

2016
£

Capital and reserves

 

Called up share capital

1,000

1,000

Profit and loss account

(1,000)

(1,000)

Total equity

 

-

-

 

Ascotvale Limited

Balance Sheet

31 March 2017

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

For the financial year ending 31 March 2017 the company was entitled to exemption from audit under section 480 of the Companies Act 2006 relating to dormant companies.

Directors' responsibilities:

The members have not required the company to obtain an audit of its accounts for the year in question in accordance with section 476; and

The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.

These financial statements have been delivered in accordance with the provisions applicable to companies subject to the small companies regime and the option not to file the Profit and Loss Account has been taken.

These financial statements have been prepared and delivered in accordance with the special provisions relating to companies subject to the small companies regime within Part 15 of the Companies Act 2006.

Approved and authorised by the Board on 8 December 2017 and signed on its behalf by:
 

.........................................

R M Laser

Director

Company Registration Number: 02776049

 

Ascotvale Limited

Notes to the Financial Statements

Year Ended 31 March 2017

1

General information

The company is a private company limited by share capital incorporated in England and Wales.

The address of its registered office is:
3rd Floor Julco House
26 - 28 Great Portland Street
London
W1W 8QT

These financial statements were authorised for issue by the Board on 8 December 2017.

2

Accounting policies

Summary of significant accounting policies and key accounting estimates

The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.

Statement of compliance

These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A - 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' and the Companies Act 2006.

Basis of preparation

These financial statements have been prepared using the historical cost convention except that as disclosed in the accounting policies certain items are shown at fair value.

Change in basis of accounting

The company's financial statements have been prepared in accordance with FRS102 - the Financial Reporting Standard applicable in the UK and Republic of Ireland. The company has transferred from previously extant UK GAAP to FRS102 as at 1 April 2015. There is no material impact on the reported financial position and financial performance.

 

Ascotvale Limited

Notes to the Financial Statements

Year Ended 31 March 2017

Financial instruments

Classification
All financial instruments are classified as basic.

 Recognition and measurement
The company has chosen to apply the recognition and measurement principles in FRS102.

Financial instruments are recognised when the company becomes party to the contractual provisions of the instrument and derecognised when in the case of assets, the contractual rights to cash flows from the assets expire or substantially all the risks and rewards of ownership are transferred to another party, or in the case of liabilities, when the company’s obligations are discharged, expire or are cancelled.

Except for bank loans, such instruments are initially measured at transaction price, including transaction costs, and are subsequently carried at the undiscounted amount of the cash or other consideration expected to be paid or received, after taking account of impairment adjustments.

Bank loans are initially measured at transaction price, including transaction costs, and are subsequently carried at amortised cost using the effective interest method.


 

3

Transition to FRS 102

The company transitioned to FRS102 from previously extant UK GAAP as at 1 April 2015.

There were no changes to the previously stated equity as at 1 April 2015, 31 March 2016 or in the profit for the year ended 31 March 2016, as a result of the transition to FRS 102.