SIMPLE_SIGNMAN_PROPERTY_L - Accounts

SIMPLE SIGNMAN PROPERTY LIMITED - Company Information

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Company Registration No. 02750754 (England and Wales)

SIMPLE SIGNMAN PROPERTY LIMITED

UNAUDITED ABBREVIATED FINANCIAL STATEMENTS

FOR THE YEAR ENDED

30 NOVEMBER 2014

SIMPLE SIGNMAN PROPERTY LIMITED

CONTENTS

Page

Abbreviated balance sheet

Notes to the abbreviated accounts

2 - 3

SIMPLE SIGNMAN PROPERTY LIMITED

ABBREVIATED BALANCE SHEET

AS AT

30 NOVEMBER 2014

- 1 -

2014

2013

Notes

Fixed assets

Tangible assets

163,642

164,539

Current assets

Debtors

27,789

22,618

Cash at bank and in hand

39,234

25,013

67,023

47,631

Creditors: amounts falling due within one year

(78,597)

(88,947)

Net current liabilities

(11,574)

(41,316)

Total assets less current liabilities

152,068

123,223

Capital and reserves

Called up share capital

300

Profit and loss account

151,768

122,923

Shareholders' funds

152,068

123,223

For the financial year ended 30 November 2014 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 financial statements for the year in question in accordance with section 476;

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

The abbreviated accounts have been prepared in accordance with the provisions applicable to small companies within Part 15 of the Companies Act 2006 and the Financial Reporting Standard for Smaller Entities (effective 2008).

Approved by the Board for issue on 23 February 2015

DE Baker

Director

Company Registration No. 02750754

SIMPLE SIGNMAN PROPERTY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS

FOR THE YEAR ENDED

30 NOVEMBER 2014

- 2 -

Accounting policies

1.1

Accounting convention

The financial statements are prepared under the historical cost convention and in accordance with the Financial Reporting Standard for Smaller Entities (effective April 2008).

1.2

Turnover

Turnover represents rental income receivable.

1.3

Tangible fixed assets and depreciation

Tangible fixed assets are stated at cost less depreciation. Depreciation is provided at rates calculated to write off the cost less estimated residual value of each asset over its expected useful life, as follows:

Investment properties 0.5% per annum straight line

Investment properties are included in the balance sheet at cost less depreciation. This is a departure from the Financial Reporting Standards for Smaller Entities (effective April 2008) which requires investment properties to be stated at open market value. However, the directors are of the opinion that this does not materially effect the truth and fairness of these financial statements.

1.4

Deferred taxation

Deferred tax is provided in full in respect of taxation deferred by timing differences between the treatment of certain items for taxation and accounting purposes, only to the extent that in the opinion of the directors, there is reasonable probability that a liability or asset will crystallise in the future. The deferred tax balance has not been discounted.

Fixed assets

Tangible assets

Cost

At 1 December 2013 & at 30 November 2014

179,137

Depreciation

At 1 December 2013

14,598

Charge for the year

897

At 30 November 2014

15,495

Net book value

At 30 November 2014

163,642

At 30 November 2013

164,539

SIMPLE SIGNMAN PROPERTY LIMITED

NOTES TO THE ABBREVIATED ACCOUNTS (CONTINUED)

FOR THE YEAR ENDED

30 NOVEMBER 2014

- 3 -

Share capital

2014

2013

Allotted, called up and fully paid

300 Ordinary shares of £1 each

300

Ultimate parent company

The ultimate controlling parties are A J Baker and D E Baker by virtue of their joint majority shareholding in the company.