Silcott Properties Limited - Limited company - abbreviated - 11.6

REGISTERED NUMBER: 02818584 (England and Wales)

ABBREVIATED UNAUDITED ACCOUNTS FOR THE YEAR ENDED 31 OCTOBER 2014

FOR

SILCOTT PROPERTIES LIMITED

Page

Company Information

1

Abbreviated Balance Sheet

2

Notes to the Abbreviated Accounts

3

DIRECTOR:

P A Jarvis

SECRETARY:

Mrs P A C Jarvis

REGISTERED OFFICE:

c/o P A Jarvis

Bentham Farm House, Victoria Road

Southborough

Tunbridge Wells

Kent

TN4 0LT

REGISTERED NUMBER:

02818584 (England and Wales)

ACCOUNTANTS:

Greenaway Chartered Accountants

150 High Street

Sevenoaks

Kent

TN13 1XE

FIXED ASSETS

Tangible assets

2

1,471,472

1,475,038

CURRENT ASSETS

Debtors

354,209

370,875

Cash at bank

21,323

13,623

375,532

384,498

CREDITORS

Amounts falling due within one year

36,106

32,210

NET CURRENT ASSETS

339,426

352,288

TOTAL ASSETS LESS CURRENT LIABILITIES

1,810,898

1,827,326

CREDITORS

Amounts falling due after more than one year

482,688

500,860

NET ASSETS

1,328,210

1,326,466

CAPITAL AND RESERVES

Called up share capital

3

1,000

1,000

Revaluation reserve

1,321,686

1,321,686

Profit and loss account

5,524

3,780

SHAREHOLDERS' FUNDS

1,328,210

1,326,466

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

The members have not required the company to obtain an audit of its financial statements for the year ended 31 October 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 26 February 2015 and were signed by:

P A Jarvis - Director

1.	ACCOUNTING POLICIES

Accounting convention

The financial statements have been prepared under the historical cost convention and in accordance

with the Financial Reporting Standard for Smaller Entities (effective April 2008).

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.

Freehold property

-

2% on cost

2.	TANGIBLE FIXED ASSETS

Total

£

COST

At 1 November 2013

and 31 October 2014

1,500,000

DEPRECIATION

At 1 November 2013

24,962

Charge for year

3,566

At 31 October 2014

28,528

NET BOOK VALUE

At 31 October 2014

1,471,472

At 31 October 2013

1,475,038

3.	CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:

Number:

Class:

Nominal

31/10/14

31/10/13

value:

£

£

1,000

Ordinary

£1.00

1,000

1,000

4.	ULTIMATE PARENT COMPANY

The company's ultimate parent company is Tuscan Properties Ltd, a company incorporated in the

British Virgin Islands.

5.	DIRECTOR'S ADVANCES, CREDITS AND GUARANTEES

The accounts include charges made by Jarvis & Co, a company controlled by the director, for

management charges in the sum of £4,200 (2013: £4,200) including VAT.