89 Holland Park (Flat 1) Ltd - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 05834990 (England and Wales)

89 HOLLAND PARK (FLAT 1) LTD

ABBREVIATED UNAUDITED ACCOUNTS

FOR THE YEAR ENDED 30 APRIL 2014

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

4

Chartered Accountants' Report

6

DIRECTOR:

A Zarbafi

SECRETARY:

Answerbuy Limited

REGISTERED OFFICE:

Station House

Connaught Road

Brookwood

WOKING

Surrey

GU24 0ER

REGISTERED NUMBER:

05834990 (England and Wales)

ACCOUNTANTS:

HPCA Limited

Chartered Accountants

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

FIXED ASSETS

Tangible assets

2

7,268,514

7,250,000

Investments

3

1,637

1,637

7,270,151

7,251,637

CURRENT ASSETS

Debtors

4

639,246

458,946

Cash at bank

-

664

639,246

459,610

CREDITORS

Amounts falling due within one year

4,104,259

133,555

NET CURRENT (LIABILITIES)/ASSETS

(3,465,013

)

326,055

TOTAL ASSETS LESS CURRENT LIABILITIES

3,805,138

7,577,692

CREDITORS

Amounts falling due after more than one year

296,400

3,976,530

NET ASSETS

3,508,738

3,601,162

CAPITAL AND RESERVES

Called up share capital

5

100

100

Revaluation reserve

3,640,484

3,640,484

Profit and loss account

(131,846

)

(39,422

)

SHAREHOLDERS' FUNDS

3,508,738

3,601,162

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 30 April 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 30 April 2014 in accordance with Section 476 of the Companies Act 2006.

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.

The abbreviated accounts have been prepared in accordance with the special provisions of Part 15 of the Companies Act 2006 relating to small companies.

The financial statements were approved by the director on 27 January 2015 and were signed by:

A Zarbafi - Director

1.	ACCOUNTING POLICIES

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).

Turnover

Turnover represents rent receivable for the year.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Furniture & fixtures

-

33.33% on cost

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance

sheet date where transactions or events that result in an obligation to pay more tax in the future or a right to pay

less tax in the future have occurred at the balance sheet date. Taxable losses carried forward which result in the

right to pay less tax in the future are only provided to the extent that they are recoverable. Timing differences are

differences between the company's taxable profits and its results as stated in the financial statements.

No provision is made for deferred tax on unrealised gains recognised on revaluing property to its market value.

Deferred tax is measured at the tax rates that are expected to apply in the periods in which timing differences are

expected to reverse, based on tax rates and laws that have been enacted or substantially enacted by the balance

sheet date. Deferred tax is measured on a non-discounted basis.

Investment property

In accordance with Statement of Standard Accounting Practice Number 19, investment properties are revalued

annually and the aggregate surplus or deficit is transfered to a revaluation reserve and no depreciation or

amortisation is provided in respect of the freehold investment properties.

This treatment of the company's investment properties is a departure from the requirements of the Companies

Act 2006 concerning depreciation of fixed assets. However, these properties are not held for consumption but for

investment, and the directors consider that systematic annual depreciation or amortisation would be

inappropriate. The accounting policy adopted by the company is therefore necessary for the accounts to give a

true and fair view. Depreciation or amortisation is only one of the many factors reflected in the annual

revaluation, and the amount which might otherwise have been shown in the financial statements for depreciation

or amortisation cannot be separately identified or quantified.

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 May 2013

7,318,343

Additions

27,770

At 30 April 2014

7,346,113

DEPRECIATION

At 1 May 2013

68,343

Charge for year

9,256

At 30 April 2014

77,599

NET BOOK VALUE

At 30 April 2014

7,268,514

At 30 April 2013

7,250,000

3.	FIXED ASSET INVESTMENTS

Investments

other

than

loans

£

COST

At 1 May 2013

and 30 April 2014

1,637

NET BOOK VALUE

At 30 April 2014

1,637

At 30 April 2013

1,637

4.

DEBTORS: AMOUNTS FALLING DUE AFTER MORE THAN ONE YEAR

The aggregate total of debtors falling due after more than one year is £ 639,246 (2013 - £ 458,059 )

5.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

100

Ordinary

1

100

100

6.	ULTIMATE CONTROLLING PARTY

The immediate and ultimate parent company is Siza Holdings Limited, a company incorporated in England.

The ultimate controlling party is Mr A Zarbafi.

The following reproduces the text of the report prepared for the director in respect of the company's annual

unaudited financial statements, from which the unaudited abbreviated accounts (set out on pages two to five)

have been prepared.

In order to assist you to fulfil your duties under the Companies Act 2006, we have prepared for your approval the

financial statements of 89 Holland Park (Flat 1) Ltd for the year ended 30 April 2014 which comprise the Profit and

Loss Account, the Balance Sheet and the related notes from the company's accounting records and from information and

explanations you have given us.

As a practising member firm of the Institute of Chartered Accountants in England and Wales (ICAEW), we are subject

to its ethical and other professional requirements which are detailed at icaew.com/membershandbook.

This report is made solely to the director of 89 Holland Park (Flat 1) Ltd in accordance with our terms of engagement.

Our work has been undertaken solely to prepare for your approval the financial statements of 89 Holland Park (Flat 1)

Ltd and state those matters that we have agreed to state to the director of 89 Holland Park (Flat 1) Ltd in this report in

accordance with AAF 2/10 as detailed at icaew.com/compilation. To the fullest extent permitted by law, we do not

accept or assume responsibility to anyone other than the company and its director for our work or for this report.

It is your duty to ensure that 89 Holland Park (Flat 1) Ltd has kept adequate accounting records and to prepare statutory

financial statements that give a true and fair view of the assets, liabilities, financial position and loss of 89 Holland Park

(Flat 1) Ltd. You consider that 89 Holland Park (Flat 1) Ltd is exempt from the statutory audit requirement for the year.

We have not been instructed to carry out an audit or a review of the financial statements of 89 Holland Park (Flat 1) Ltd.

For this reason, we have not verified the accuracy or completeness of the accounting records or information and

explanations you have given to us and we do not, therefore, express any opinion on the statutory financial statements.

HPCA Limited

Chartered Accountants

Station House

Connaught Road

Brookwood

Woking

Surrey

GU24 0ER

Date: .............................................