Abbreviated Company Accounts - STEADHURST PROPERTIES LTD

Abbreviated Company Accounts - STEADHURST PROPERTIES LTD

STEADHURST PROPERTIES LTD - Company Information

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Registered Number 04446123

STEADHURST PROPERTIES LTD

Abbreviated Accounts

31 May 2014

STEADHURST PROPERTIES LTD Registered Number 04446123

Abbreviated Balance Sheet as at 31 May 2014

Notes 2014 2013
£ £
Fixed assets
Investments 2 2,800,000 2,800,000
2,800,000 2,800,000
Current assets
Debtors 3 109,985 71,552
Cash at bank and in hand 13,198 757
123,183 72,309
Creditors: amounts falling due within one year 4 (1,042,854) (1,126,920)
Net current assets (liabilities) (919,671) (1,054,611)
Total assets less current liabilities 1,880,329 1,745,389
Creditors: amounts falling due after more than one year 4 (1,386,951) (1,463,003)
Total net assets (liabilities) 493,378 282,386
Capital and reserves
Called up share capital 5 1 1
Profit and loss account 493,377 282,385
Shareholders' funds 493,378 282,386
  • For the year ending 31 May 2014 the company was entitled to exemption under section 477 of the Companies Act 2006 relating to small companies.
  • The members have not required the company to obtain an audit in accordance with section 476 of the Companies Act 2006.
  • The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts.
  • These accounts have been prepared in accordance with the provisions applicable to companies subject to the small companies regime.

Approved by the Board on 27 February 2015

And signed on their behalf by:
CW Heeley, Director

STEADHURST PROPERTIES LTD Registered Number 04446123

Notes to the Abbreviated Accounts for the period ended 31 May 2014

1Accounting Policies

Basis of measurement and preparation of accounts
The accounts have been prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities effective April 2008.

Turnover policy
Turnover represents the total invoice value, excluding value added tax, of rental income and recharged
costs relating to the period

Valuation information and policy
Investment Property
Investment property is not depreciated. Investment property is included at valuation, subject to any
necessary impairment review. Revaluation by professional valuers takes place twice over five years, and in the interim periods revaluation is by the director, with any revaluation surplus credited to investment property revaluation reserve. Any deficit on revaluation is firstly charged against previous surpluses on investment property revaluation reserve, and than to profit and loss account.

Other accounting policies
Deferred taxation
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 have occurred at that date that will result in an
obligation to pay more, or a right to pay less or to receive more, tax, with the following exceptions:
Deferred tax assets are recognised only to the extent that the directors consider that it is more likely than
not that there will be suitable taxable profits from which the future reversal of the underlying timing
differences can be deducted.
Deferred tax is measured on an undiscounted basis at the tax rates that are expected to apply in the
periods in which timing differences reverse, based on tax rates and laws enacted or substantively
enacted at the balance sheet date.

2Fixed assets Investments
Investment Freehold Property is included at cost less previous impairment review at £2,800,000

3Debtors
2014
£		 2013
£
Debtors include the following amounts due after more than one year 31,771 -
4Creditors
2014
£		 2013
£
Secured Debts 985,058 1,076,394
Instalment debts due after 5 years 525,780 545,590
5Called Up Share Capital
Allotted, called up and fully paid:
2014
£		 2013
£
1 Ordinary shares of £1 each 1 1