District & Suburban Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02066154

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 MARCH 2014

FOR

DISTRICT & SUBURBAN PROPERTIES LIMITED

Page

Company Information

1

Chartered Certified Accountants' Report

2

Abbreviated Balance Sheet

3

Notes to the Abbreviated Accounts

5

DIRECTORS:

N M Mann

E A Gourpinar

SECRETARY:

E A Gourpinar

REGISTERED OFFICE:

Market House

21 Lenten Street

Alton

Hampshire

GU34 1HG

REGISTERED NUMBER:

02066154

ACCOUNTANTS:

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

BANKERS:

HSBC Bank plc

202 Sloane Street

Knightsbridge

London

SW1X 9RG

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

financial statements, from which the unaudited abbreviated accounts (set out on pages three to six) 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 District & Suburban Properties Limited for the year ended 31 March 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 Association of Chartered Certified Accountants, we are subject to its ethical and other professional

requirements which are detailed at http://rulebook.accaglobal.com.

This report is made solely to the Board of Directors of District & Suburban Properties Limited, as a body, in accordance with our

terms of engagement. Our work has been undertaken solely to prepare for your approval the financial statements of District &

Suburban Properties Limited and state those matters that we have agreed to state to the Board of Directors of District & Suburban

Properties Limited, as a body, in this report in accordance with the requirements of the Association of Chartered Certified Accountants

as detailed at http://www.accaglobal.com/factsheet163. To the fullest extent permitted by law, we do not accept or assume

responsibility to anyone other than the company and its Board of Directors, as a body, for our work or for this report.

It is your duty to ensure that District & Suburban Properties Limited 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 profit of District & Suburban

Properties Limited. You consider that District & Suburban Properties Limited 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 District & Suburban Properties Limited.

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.

Wettone Matthews Limited

Chartered Certified Accountants

Market House

21 Lenten Street

Alton

GU34 1HG

10 February 2015

FIXED ASSETS

Tangible assets

2

585,486

585,647

CURRENT ASSETS

Debtors

25,157

23,717

Cash at bank and in hand

11,874

21,766

37,031

45,483

CREDITORS

Amounts falling due within one year

65,362

81,825

NET CURRENT LIABILITIES

(28,331

)

(36,342

)

TOTAL ASSETS LESS CURRENT LIABILITIES

557,155

549,305

CREDITORS

Amounts falling due after more than one year

23,333

40,000

NET ASSETS

533,822

509,305

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Revaluation reserve

345,174

345,174

Profit and loss account

187,648

163,131

SHAREHOLDERS' FUNDS

533,822

509,305

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 March 2014.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 March 2014 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their 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 Board of Directors on 10 February 2015 and were signed on its behalf by:

N M Mann - Director

E A Gourpinar - Director

1.	ACCOUNTING POLICIES

Accounting convention

The accounts have been prepared under the historical cost convention, except that investment properties are shown at their

revalued amounts.

Turnover

Turnover represents net invoiced sales of services, excluding value added tax.

Tangible fixed assets

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

Plant and machinery

-

25% on reducing balance

Fixtures and fittings

-

25% on reducing balance

In accordance with Statement of Standard Accounting Practice No 19, the company's properties are held for long-term

investment and are included in the balance sheet at their open market values. The surplus(es) or deficit(s) on revaluation of

such properties are transferred to the investment property revaluation reserve. Depreciation is not provided in respect of

freehold investment properties.

This policy represents a departure from statutory accounting principles, which require depreciation to be provided on all fixed

assets. The directors consider that this policy is necessary in order that the financial statements may give a true and fair view,

because current values and changes in current values are of prime importance rather than the calculation of systematic annual

depreciation. Depreciation is only one of many factors reflected in the valuation and the amount which might otherwise have

been shown cannot be separately identified or quantified.

Deferred tax

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

2.	TANGIBLE FIXED ASSETS

Total

£

COST OR VALUATION

At 1 April 2013

and 31 March 2014

590,011

DEPRECIATION

At 1 April 2013

4,364

Charge for year

161

At 31 March 2014

4,525

NET BOOK VALUE

At 31 March 2014

585,486

At 31 March 2013

585,647

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

2014

2013

value:

£

£

1,000

Ordinary

£1

1,000

1,000

4.	DIRECTORS' ADVANCES, CREDITS AND GUARANTEES

At the balance sheet date the amount owed by G & M Properties, a partnership between the directors, included in other

debtors was £1,500 (2013 - £nil).

Interest of £2,400 (2013 - £2,453) was paid to the directors and their families.